> For the complete documentation index, see [llms.txt](https://help-steps-1.gitbook.io/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help-steps-1.gitbook.io/whitepaper/hsx-token/token-lifecycle.md).

# Token Lifecycle

<figure><img src="/files/QOEoAUaYpl5vWQGEePgF" alt=""><figcaption></figcaption></figure>