HVH (HAVAH Coin)
HVH is the main Utility Coin of the HAVAH ecosystem, issued in its own standard.
HVH is used for various activities in the HAVAH ecosystem, such as transaction fees, planet purchase costs, and NFT purchases in the market.
HVH can be used to purchase planets, which are key contributors to the HAVAH ecosystem.
HVH will be used as a fee for all transactions occurring in the HAVAH ecosystem. Most of these fees will go to the Sustainable Fund, which will continue to reduce the circulation of HVH.
HAVAH platform users can register and sell their NFTs in the market. NFTs registered in the market can be purchased with HVH.
HAVAH platform users are given the opportunity to obtain HVH as a reward for participating in DApps such as games. Some DApps may need to deposit or consume a small amount of HVH as collateral to start the service.
HVH Distribution
· Partner: 10% of total amount will be distributed to the business partners.
· Reserve: 2.7% of total amount will be distributed to reserve in case of emergency.
· Project development: 20% of the total amount will be distributed to project developers.
· Ecosystem fund: 15% of the total amount will be distributed to ecosystem funds which are used for investment, partnerships, advisors and grants for NFT communities.
· Planet compensation: 52.3% of the total amount will be distributed to planet operators who help people to move their NFTs with planets.
· HVH allocated to investors through Project development(Allocate 20% of total) are 100% locked with 3 years vesting and 12-month cliff. (Total 4 years lock up)
· HVH allocated to investors through the Partners and Advisors(Allocate 10% of total) are 100% locked with 2 years vesting and 12-month cliff. (Total 3 years lock up)
· The Ecosystem Fund(Allocate 15% of total) will have a 36-month vesting period after a 1-year cliff once the first 3% of HVH have been issued to create and stabilize the ecosystem. (Total 4 years lockup)
· The Reserve(Allocate 2.7% of total) will have a vesting period of 12 months after a 1-year cliff. (Total 2 years lockup)
Last modified 2mo ago