# LAND, PROPERTY and the PLand Token With the launch of PRIVATELAND, we are introducing two digital assets: LAND, an exchangeable field in which the virtual world is divided, and PROPERTY that can be built on and PLand, a BEP-20 token that is burned to claim LAND, as well as Property and to purchase goods and services. services in the world PRIVATELAND. LAND's utility is based on its proximity to other limelights, its ability to host applications, and also as an identity mechanism. Developers and other content creators will demand LAND so they can build on it and reach their target audience. Although any unclaimed LAND can be purchased at an exchange rate, LAND fields can be distinguished from one another, potentially trading at different prices in the secondary market due to proximity and traffic differences. On the other hand, PLand serves as a proxy for assessing the price of a new plot of land. Also, PLand which is used to purchase goods and services in cyberspace creates utility value for the token. --- # 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://private-land.gitbook.io/privateland/economy/land-property-and-the-pland-token.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.