HONOR
$HONOR token is the governance token of the FarmHero protocol.
$HONOR token mints at a speed of 33.333 per second. The initial daily production rate is 2,880,000 $HONOR per day.
The production speed will decrease by 30% in 7 days, after that, decrease 10% every 7 days, for 20 times. After that, $HONOR token will keep the speed. The first year will produce 203219082.8 $HONOR token, after that, each year will produce 99128741.09 $HONOR token.
Both the auction game and the fomo game are designed to burn $HERO token continuously. It will ensure that $HONOR price is supported and avoid the sell-off of normal yield farming protocols.
Percentage | Usage |
30% | Reserved for Future NFT Farming |
30% | Vault Farming |
23% | Reserve for Ecosystem such as partnership and future incubation |
5% | Genesis NFT Farming |
7% | Team |
5% | Community Rewards such as bug bounty, marketing campaign, airdrops |
Right now, as we are at genesis yield farming, most of the tokens produced each day (60% around) are locked. Please check our website for the current circulating amount of HONOR token. With the deflationary design the team expect the token supply would be stabled at 300 million - 400 million.
As we have extra 3% emission due to referral, the actual percentage reflected on Polygonscan will has to be adjusted smaller by 3%.
Reserved for NFT Farming: (Top 1 Holder on PolygonScan)
Ecosytem: (Top 2 Holder on PolygonScan)
There is a max supply of 500 million HONOR tokens. When it reaches 500 million, HONOR won't mint. Tho this might change according to DAO vote by $HONOR token holders.
Last modified 2yr ago