Tokenomics
HC is the utility token of the Hyper Chain ecosystem
As the upgraded version of Hcash back to 2017, the ticker "HC" will be inherited and serves as the governance and utility token of the Hyper Chain ecosystem. All of the old HC tokens from Hcash can be exchanged to the new HC tokens 1:10. The maximum supply of HC is set to be 840 million, making it a scarce asset with a finite number of units available.
Token Distribution & Vesting Schedule
Team (3.3%）: Core developers and early contributors to the protocol.
6-month cliff for 10%, 90% distributed linearly thereafter over 48-months
Hardware Accelerator/Prover Incentives (10%): Incentivize Provers to actively participate in the network and validate transactions accurately and efficiently.
72-month linear unlock (including TGE)
Liquidity on CEXs and DEXs (5%): Tokens to be listed and traded on exchanges.
Unlock at TGE
Token Burn (2%): Burn tokens every month to stablize the price.
Unlock at TGE
Marketing & Partnerships (5%): Brand promotions and project cooperations in the future.
48-month linear unlock (including TGE)
HC Swap (53.7%): Old HC tokens are able to swap to new HC token 1:10 within a certain window for users' interests.
6-month linear unlock (including TGE)
Community (10%): To incentivize community suggestions and help grow the platform with newer features/upgrades
72-month linear unlock (including TGE)
Treasury (5%): Tokens reserved in the treasury for protocol development and emergency uses.
72-month linear unlock (including TGE)
Ecosystem Fund: Set up for further projects involves and supports.
25% Unlocked @ TGE, 75% distributed linearly thereafter over 72-months
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