Hopers Deflationary Tokenomics: Aligning Community Incentives for Long-term Growth and Success
The Hopers Tokenomics project is a revolutionary approach to aligning community incentives and creating long-term value for token holders.The current circulating supply is 70 million, and it’s expected to reach approximately 80 million after one year.
With a max supply of 2 billion tokens, we aim to create a decentralized ecosystem where the community is the driving force behind the growth and success of the platform. Out of the 2 billion tokens, 50% or 1 billion tokens will be allocated to the Dao Treasury, controlled by the community through governance. This allows for transparency and decentralization, as the community has a direct say in the direction and development of the platform.
It’s important to note that this total supply will be achieved over a period of 20 years, with an annual inflation rate of 5%. This low inflation rate and long vesting schedule are a testament to our commitment to long-term value for our token holders. We believe in the potential of the Cosmos ecosystem and want to create a sustainable and engaged community.
Additionally, the Dao Treasury allocation of 50% of the total supply is in the hands of the community, gives them the power to make decisions that will benefit the long-term growth and success of the platform. This includes but is not limited to token burns, platform upgrades, and community incentives.
Our deflationary mechanism will also play a key role in driving value for our token holders as a percentage of each trade, bond/unbond, IDO fee, and NFT minted using $HOPERS will be used to buy and burn $HOPERS from the market, reducing the overall supply and increasing the value of remaining tokens.
In summary, Hopers Tokenomics is designed to create a decentralized ecosystem where the community is at the forefront of the platform’s growth and success. With a strong focus on long-term value, low inflation, and community governance, we believe that our protocol has a huge potential to be one of the biggest players in the Cosmos ecosystem.
Deflationary Protocol
This low inflation rate, combined with our deflationary protocol that burns a portion of the tokens with each transaction, ensures that the total supply of $Hopers will decrease over time, providing long-term value for the holders.
At the core of our tokenomics is a deflationary protocol that reduces inflation and rewards the holders. The deflationary protocol works as follows:
- 0.5% of each trade made on the DEX is burned
- 0.5% of each bond/unbond is burned
- 50% of the fees applied on each IDO is burned
- 5% of each NFT minted by using $HOPERS is burned
- 50% of the $HOPERS fees in NFT marketplace will be automatically burned
The Deflationary Mechanism: Driving Value and Growth for the Hopers Ecosystem
The current tokenomics strategy has been met with positive results thanks to the implementation of a burning mechanism. This mechanism is designed to reduce inflation and increase the value of the token over time, as seen in the recent price action and steady growth of the platform. This confirms that our approach is aligned with the long-term success and growth of the ecosystem, and we will continue to monitor and adjust our strategy as needed. It’s important to note that the tokenomics are designed to incentivize usage and long-term holding of the token, rather than speculative trading. This aligns with our commitment to creating a strong and engaged community and being fully compliant with regulations.
Useful links
In addition to the information provided in this article, we also want to ensure transparency and trust in our tokenomics. To confirm the circulating $HOPERS supply, you can visit our DAO and use the on-chain data viewer to compare it with the total supply of $HOPERS. We believe in the importance of providing accurate and reliable data to our community, and this is just one of the ways we aim to promote transparency and trust.
$HOPERS as a utility token:
- Governance: holders of the $Hopers token can vote on protocol upgrades and changes to the platform.
- Yield Farming: holders of the $Hopers token can also earn rewards by providing liquidity to the platform’s pools.
- Token Burns: The protocol automatically burns tokens in each transaction, reducing the total supply, in order to increase the value of the remaining tokens.
- NFTs: $Hopers can be used to mint and trade NFTs on the platform.
- IDOs: $Hopers can be used to participate in IDOs on the platform.
By holding and using $Hopers, users can actively participate in the governance and growth of the platform, earn rewards, and access exclusive features and opportunities.
In terms of token distribution, 50% of the tokens will be allocated to the Dao Treasury, controlled by the community through governance. This allows the community to decide on the best use of these funds, whether it be for platform upgrades, community incentives, or even token burns. 19% of the tokens will be allocated to the liquidity pool and liquidity incentives, 13% will be allocated for development and the founders, 10% will be allocated for private funds, angel investors, and IDO, and finally 8% will be allocated for marketing, CEX listing, and airdrop.
Conclusion
In conclusion, Hopers is revolutionizing the DeFi space by creating a decentralized ecosystem where the community is the driving force behind the growth and success of the platform. With a strong spirit of community, and a tokenomics that aligns the incentives of the community, we believe in the potential of the Cosmos ecosystem and the importance of building a sustainable and engaged community. Our low inflation rate and long vesting schedule are a testament to our commitment to long-term value for our token holders.
