> 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="https://2348738032-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQSi1qcRTtzatKuhtL5aM%2Fuploads%2Fgit-blob-e6320dd3513a89defef40f082efdf30dfd424c8b%2F300_ppi_token_lifecycle.jpg?alt=media" alt=""><figcaption></figcaption></figure>