HyperGraph governance token HGT, issued on the Heco ecosystem chain, with a total cap of 1 billion and no more than 500 million in actual circulation. HyperGraph serves high-performance blockchain data indexing and back-end services, while HGT is used for node collateral, service usage, and platform incentives in the service network to ensure resource allocation, quality of service, data integrity, and the entire network , participant motivation, etc.
HGT token are not pre-mined and circulate from zero. The allocation is shown below.
a. Marketing and community operation (50 million)
The initial issue of 50 million, while initial circulation of 500,000, of which 400,000 for initial liquidity, the remaining 100,000 HGT used for community promotion airdrop rewards, the first 5,000 people holding HT and MDX, each get 10 HGT airdrop. The remaining 49.5 million linearly unlocked are locked in smart contracts, and the linear unlocking is completed in 990 days, which will be used for HyperGraph network construction pledge rewards, community activities, marketing and operations, etc.
b. Mining Distribution (250 million)
250 million tokens will not be initially issued, all of them will be mined in phases, the first phase will be mined for 100 days, 10 pieces per block, total output 28,800,000 pieces.
c. Institutional nodes (500 million)
500 million HGT will be destroyed after the initial issuance, and 500 million XHGT will be issued, locked using smart contracts and used only as collateral for institutional nodes to lock positions, not to participate in circulation. Institutional nodes are well-known institutions and community nodes that can make significant contributions to HyperGraph.
d. Early stage investors (100 million)
100 million tokens for the early investor share, no initial issue, unlock along with the mining activity in the same proportion of the issue, the first 100 days of mining to unlock 11520000 pieces. In order to ensure the confidence of the community, early investors are not unlocked during the mining period, and after the end of each period of mining, the amount unlocked with the mining will be injected again 1000 days time lock linear unlock.
e. Team (100 million)
100 million tokens for the developer team incentive share, no initial issue, along with the mining activities in the same proportion of the issue, the first 100 days of mining to unlock 11520,000 pieces. In order to ensure the confidence of the community, the developer team will not unlock during the mining period, and after each period of mining, the amount unlocked with the mining will be injected again 1000 days time lock linear unlock.
Index nodes and miners all need to pledge HGT to guarantee the whole network operation and gain revenue, and 0.5% of each pledge amount will be permanently destroyed. Data users need to pay HGT for data query consumption, and 1% of the consumption flow amount will be permanently destroyed.
Each index node requires an initial collateral of 100,000 HGT. To get priority usage recommendation, collateral amount and historical query volume are important reference indicators, assuming.
The average own collateral amount is 1 million HGT, and there are 100 nodes, so the total amount is 100 million HGT. Assuming the average amount of miners participating in the pledge is 20,000 pieces and 5,000 users participate, the total amount needs to be 100 million HGT.
The annual pledge flow is 400 million HGT, corresponding to a destruction volume of 2 million. The annual query flow is 2 billion HGT, corresponding to a destruction volume of 20 million.