Project: Hedget
Token: HGET
Introduction:
The HGET token is the native utility and governance token of the Hedget platform. It will be issued on the Ethereum network as an ERC-20 contract and will have representation on a Chromia sidechain. HGET will serve as the governance token of the HGET platform. In the preliminary stages, the token holders can vote on adding new assets, default options parameters and UI improvements. Before the platform is launched with real assets there will be a Testnet platform (hosted on both Chromia and Ethereum testnets) to participate on which users need to stake HGET to access. Users will first be able to trade funds that have little to no real value on testnets, and the best performing traders will be rewarded automatically by Hedget protocol with HGET tokens upon mainnet release.
When the platform migrates to Mainnet, HGET will be used to prevent spamming of orders which can lead to API overloads and order book manipulation. HGET tokens will need to be staked to interact with the platform. Staking requirements will increase as the monetary value and frequency of a user's interactions increase. As the platform is further developed, a DAO will be established and HGET tokens will be used to determine transaction fees, reserve requirements, and general functions and features of the platform.
Total Supply: 10,000,000
Circulating Supply: 1,600,000
Initial Offering Price: 0.9 USDT
Official Website: https://www.hedget.com/
Whitepaper: https://www.hedget.com/papers/hedget_whitepaper_eng.pdf
Telegram: https://t.me/hedgetofficial
Twitter: https://twitter.com/team_hedget
Medium: https://medium.com/hedget
Explorer: https://etherscan.io/address/0x7968bc6a03017ea2de509aaa816f163db0f35148
Token Distribution & Investing Schedule
50% - Locked for Liquidity Mining, unlocked on a daily basis when platform is live
19% - Reserve (the use of it will be governed by DAO when it's established)
1% - liquidity round with Alameda Research
7% - incentive tokens (for engaging users in participation in trading activities) and for Uniswap exchange pool
10% - Team (Monthly unlock for 2 years)
13% - Token sales: 4.23% for public sales ; 8.77% for private sales (token unlock after public sale ends)
