# Utility

CAPSULE COIN (CAPS) is the native coin of Ternoa.

Transactions made on the Ternoa blockchain are carried out in CAPS.

They include the following:

* Minting new NFTs
* Adding (collateralizing) data to a NFT
* Encrypt data attached to a NFT
* Transfer a NFT

Demand for NFTs and secured and decentralized storage are the two main appreciation factors of CAPSULE COINS on secondary markets.