# Tokenomic 2.0 The native token for YachtingVerse is YACHT and will be used as the currency in YachtingVerse. Token holders will be known as Yachters. Access to YachtingVerse will be free to all whether you’re a Yachters or not. The $YACHT 2.0 token is the ERC20 token on the Arbitrum One . \ \ **What is Arbitrum?** Arbitrum is a pioneer in Ethereum-based Layer 2 scalability solutions. Ethereum’s slow transaction times and high gas fees posed significant challenges, especially for DeFi projects. Arbitrum addresses these issues by providing faster and more cost-effective transaction processing, allowing users to have a more efficient and effective experience on the YachtingVerse platform. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://whitepaper.yachtingverse.io/tokenomic/tokenomic-2.0.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.