Dear Hashgardians:
We have released the final version of the GARD token metrics!
Token Economy:
- Purpose of deposit: Within the Hashgard ecosystem, issuers are required to freeze system tokens as a safety deposit when doing things such as issuing an investment fund, creating a DAO or a DAC etc. When users violate the previously established agreement, the aforementioned deposit will automatically be confiscated by the smart contract as penalty.
- Purpose of burning GAS: The Hashgard token (GARD) will function as GAS for trading fuel, be distributed to both consensus nodes and contract creators to incentivize participation and development in the community.
- Ecological building purpose: The Hashgard Foundation will distribute token rewards to DAPP developers based on a set of criteria that will cover areas such as fund management quality, smart contract creation, and execution. The reward will encourage additional developers to participate and help grow the digital finance ecosystem.
- Token appreciation logic: The total number of tokens issued by the Hashgard system is fixed. As the number of users increases, the total economic value of the community increases as well. Meanwhile, an increased number of tokens being frozen results in a continuous reduction of liquidity. An increased demand for GARD under the circumstances results in an appreciation of token value.
HASHGARD Token Distribution
- Hashgard issued 100 billion native built-in crypto-tokens called “GARD”.
- 6.5% of the total amount is allocated for early incubators. Tokens will be locked for a year after listing.
- 30% is allocated for strategic investors and partners. Among the 30%, 50% tokens will be delivered to the purchaser upon listing, the other 50% will be locked for 6 months.
- 10% will be rewarded to founding team members. Tokens will be released 6 months after mainnet launch over 24 months.
- 3% — 4% is allocated for scientific research and advisors.
- 10% will be rewarded to intellectual property contribution team. Tokens will be locked for a year after listing.
- 40% is allocated to Foundation for R&D, marketing and ecosystem building. Among the 40%, 10% will be allocated for community awards/market promotions, 10%-15% for R&D, and 15%-20% for ecosystem building.
Initial Circulating supply: 15–16%
Note: 15 percent comes from half of the 30% allocated to strategic investors. The extra 1 percent are previous airdrops to the community. The Hashgard team has no control over the circulating supply.
Thank you for your support and trust!
Join our Telegram and reach out to any of the community managers if you have any questions.
Telegram Group: https://t.me/hashgardeng
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