There will be a total of 100,000,000 tokens issued. 49% will be locked and vested, allocated to investors, team and the company. 51% will be distributed as rewards for the community, liquidity providers and stakers in the protocol.
The community rewards will be distributed to HBB stakers over three years following a yearly halving schedule, following the formula: TotalHbbRewards * (1–0.5^year). TotalHbbRewards will be announced shortly before launch.
The token will be rewarded to the community for participating in the protocol, our advisers and investors that enable us to build the system and to the team for their hard work.
51% – Community
- Rewards to depositors and stakers
- LP rewards
- Public sale
- Service providers
23% – Team & Company
- Team rewards & salaries, vested linearly for 12 months
- Company operational costs
- Events, hackathons, research grants, bug bounties
25% – Investors
- Vested linearly for 12 months
1% – Advisors
- People that helped us along the way, vested etc.
More details about the purpose for each group of users will be announced before launch.