TOKEN ECONOMY
Last updated
Last updated
HAVAH's token economy largely consists of Planets and HAVAH coins (HVH).
Planets perform the role of maintaining and managing the HAVAH network as 'nodes.'
HAVAH coins are the native coins on the HAVAH chain.
Learn more about Planets and HAVAH coins from the links below.
HVH, HAVAH chain's native coin, is designed to be deflationary over the long term.
The majority of fees generated on the HAVAH platform are transferred to a sustainable fund, which continually reduces the supply of HVH in circulation.
※ The sustainable fund provides a lockup function for HVH and reduces the supply of HVH in circulation.
HAVAH's token economy is designed so that HAVAH's Sustainable Fund and Hoover Fund reinforce system stability and keep demand high for HVH even during market downturns.
For HAVAH coins with their own ecosystems, the HAVAH team plans to raise HVH's value and expand their ecosystems by investing in the means of increasing HVH's utility and usage.
A significant portion of HVH revenue generated on the HAVAH platform transfers to HAVAH's sustainable fund, which continually reduces the amount of HVH in circulation.
More specifically, when HVH is used to purchase Planets, 60% of the spent amount transfers to the Sustainable Fund.
This means that when users purchase Planets with HVH, it reduces the circulation of HVH.
In other words, purchasing Planets using HVH increases the value of HVH and incentivizes HVH-rewarding Planet purchases through positive feedback that continually adds value to HVH.