$Hon Tokenomics
Hon Governance Token
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Hon Governance Token
Last updated
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$Hon Token is a governance indicator of Heroes of Nft economy. It has 200 M hard-cap supply and compatible with the all chains on Avalanche network. $Hon Token is minted on X-Chain and then transferred to C-Chain for using in smart contracts.
The tokenomics of the Hon token is designed to meet the needs of the platform, players and crypto enthusiasts. The economic value that Hon has comes from the three main sources:
Liquidity farming & NFT-$HON staking
Marketplace volume & fees
HON NFT mints
Listing fee: %1 of the listing price (free at this moment)
Order execution fee: %4 of execution price (subject to change for balancing supply & demand, free at this moment)
47.5 M (23.75%) Hon Token will totally be distributed in 5 years. The reward will be increased by 20% each year. The breakdown of the expected Hon Token rewarding process is shown below
38 M of the supply is allocated for presale to fund the game development and community building. The distribution is below:
Strategic Sale 6M
Private Sale 16M
Community Sale 6M ; 750 eligible community members with 600$ hard cap
IDO 10M
Hon Token can be used as a main currency in the . This marketplace supports both ERC-721 and ERC-1155 tokens. Fees are below:
Main responsible contract for the Hon Token distribution by yield farming. It's audited by . Our novel approach in yield farming, it depends on 1 hour time periods similar to traditional interest yield systems. Below the reward timepoints are shown. For example, if a reward is claimed between t1~t2 timepoints, farmer has to -at least- wait for t2 timepoint to claim next reward.
