π° Tokenomics
HG Token Metricsβ
Token name: Hashgreen token
Ticker: HG
Blockchain: Chia
Chia asset token ID: e889554a8bf8c9ade344070d9f4ab1408a1086c1b9731d36df7f3cb8ab129e8e
Maximum supply: 1 billion (1,000,000,000) HG tokens
Distribution of HG Tokensβ
The Token Distribution is as follows:
(The token distribution ratio will remain largely unchanged, except in special circumstances where modifying it is necessary to strengthen the stability.)
| Distribution | Percentage | Amount |
|---|---|---|
| Yield Farming Rewards | 50.0% | 500,000,000 |
| Incentives | 2.5% | 25,000,000 |
| HashgreenDAO Treasury | 12.5% | 125,000,000 |
| Team | 22.5% | 225,000,000 |
| Investors/Advisors | 12.5% | 125,000,000 |
Publicβ
Yield Farming Rewards
- A portion of the HG tokens will be designated for yield farming rewards. The allocation of these rewards will be based on the total value locked (TVL) and transaction volumes of the token pairs.
HashgreenDAO Treasury
- The protocol fee sent to the DAO Treasury is utilized for a variety of purposes, such as providing liquidity for HG tokens, buying back and burning HG tokens, and incentivizing development in the Chia ecosystem. It is possible that in the future, tokens in the HashgreenDAO Treasury may also be used to incentivize new projects in the ecosystem through voting.
Incentives
A limited portion of HG tokens will be set aside to reward partners who make significant contributions to the protocol. This includes, but is not limited to:
- Bug bounty
- Media exposure
- Mutually beneficial collaborations
Token Vestingβ
Token Vesting Schedule for Team Members and Investors:
- Total vesting time: 4 years (with a 6-month cliff at the beginning)
- Frequency: 2.08% per month
The tokens allocated to the team, investors, and advisors will be subject to a 4-year vesting schedule with a 6-month cliff at the beginning. This means that no tokens will be released in the first 6 months. At the end of the cliff period, any remaining unvested tokens (2.08% x 6 = 12.48%) will vest all at once, and the rest of the tokens will vest linearly at a rate of 2.08% per month until the end of the vesting period.