> For the complete documentation index, see [llms.txt](https://server31.gitbook.io/babel-universe-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://server31.gitbook.io/babel-universe-whitepaper/co-own/usdbabel.md).

# $BABEL

$BABEL is the fungible token issued by BabelDAO to its creatives, builders, and investors to represent their ownership of the Babel Universe IP.