2. TOKENOMICS
For transaction fee reduction and higher rewards to holders, the 4% for Marketing & Development, HOKK Finance Foundation, Liquidity for
Bridge or LP, will go to a single wallet, the Marketing Wallet, and will be distributed from there on a as-needed basis, weekly and bi-weekly. This
is also for consistency across contracts and for contract auditing.
8% total tax with below breakdown targeted plan:
4/1.5/1.5/1%
Rewards Distribution - 4%
Marketing & Development - 1.5%
HOKK Finance Foundation - 1.5%
Liquidity for Bridge or LP - 1%
The rewards on each chain will vary to
accommodate for that specific chain:
ETH = ETH rewards distribution
BSC = BNB rewards distribution
HECO = HT rewards distribution
3. $HOKKFi Launch
$HOKKFi will launch with
independent supplies for each chain
we decide to launch on. The main
goal of $HOKKFi is to serve as utility
for that chain. $HOKKFi is meant to
be a lightweight, utility based,
inflationary token, without a
transaction tax to encourage use of
the token and its utility.
The chains will be bridged. The
bridge reasoning is for a future
endeavor that is planned to use
$HOKKFi as the token for our
payment system that will assess
lowest cost, highest speed, and fiat
gateway costs within each chain to
conduct a remittance payment. Aside
from this, the bridge will assist in X-
Chain Governance in the DAO and
NFT DAO token. More utility plans
are TBD.
One of the main ways to farm
$HOKKFi will be with HOKK paired
with that native chain's token (e.g.
ETH $HOKK/ETH = ETH $HOKKFi
rewards, BSC $HOKK/BNB = BNB
$HOKKFi rewards, and so on, per
chain). Because $HOKK will only
have a single, 10B supply across all
chains, this makes $HOKK very scare
for farming that respective chain's
$HOKKFi. Other pools and single-
asset staking will exist as well.
4. $HOKKFi Launch
At the time of launch, only a single form of $HOKKFi will
launch until we can get the ecosystem ready for X-Chain
$HOKKFi.
ETH $HOKKFi will launch first on the ETH chain with 100M
supply. At launch, we will have planned 40% of the total
supply for launch and farming with the remaining 60% of the
supply reserved for other chains.
Of the 60% (60M) this is the breakdown:
10% airdrop to current ETH holders at
time of snapshot (6M)
10% Marketing & Development, HOKK
Foundation, Liquidity for Bridge or LP +
Launch LP (6M)
80% Farmable supply (48M)
ETH $HOKKFi Launch
5. $HOKK Relaunch X-Chain Detailed Proposition
$HOKK is to “relaunch” but in a fully cross-chain, fully bridged ETH, BSC and HECO coin during Phase 1, and $HOKKFi in parallel, or soon after
that launch, also cross-chain and bridged. Supply planning is being anticipated for a cross-chain mint/burn bridge using EVM Events and call
mechanisms instead of staking bridge mechanisms for all tokens going forward. This is basically anticipated bridge and X-Chain planning.
This provides advantages both commercially and technically, as we believe in the future adoption of $HOKK.
To participate in the relaunch following the details described in this document, you will need to send the % of your ETH HOKK tokens that you
wish to migrate to the new multi-chain HOKK ecosystem to a brand-new wallet. The “Migration Wallet” will be setup for the sole purpose of
capturing those that wish to participate in the relaunch. Those addresses that send the current ETH HOKK will be the only addresses who
receive the redistribution of the airdrop % described below.
At a pre-planned time, the “Migration Wallet” will sell into the market and drain liquidity as liquidity for $HOKK is locked.
Those who do not wish to participate in the relaunch of $HOKK can sell into the market at any time prior to the scheduled final time to send
$HOKK to the “Migration Wallet”. Otherwise, if sold afterwards, this could be a negative experience as liquidity will be drained as much as
possible following this collection window
The “snapshot” here on forth consists
of the following action:
Important
6. $HOKK Relaunch X-Chain Detailed Proposition
$HOKKFi
Original Developer
Bridge Dev
Engagement started 9/5/21
DEX Dev (Possibly More)
Engagement started 9/1/21
UI Dev (Possibly More)
Engagement started 8/25/21
Our primary Dev may change to focus on secondary or tertiary tasks going forward, post $HOKKFi completion. A new Dev is taking over Primary
responsibilities with a new Secondary team focused on their own priorities. Additional Developers who work in niche, specific tasks on an ongoing
basis will continue.
Pre-relaunch focus is on development. Launch should have all development mentioned items completed, building a strong foundation for the future.
Currently, we have 4 different teams developing for
$HOKK, 1 who has been early on and 3 recent:
Development Going Forward
7. $HOKK Relaunch X-Chain Detailed Proposition
$HOKK: To be a taxed, reward-based (fun to
hold), deflationary token (store of value) which
will be the predominant method of farming
$HOKKFi on respective chains. $HOKK will have
a focus on market adoption, marketing, primary
CEX listings, etc.
Chain Purpose
$HOKKFi: To be a tax-free, utility, inflationary,
farmable token with no tax as to incentivize the
use of the token without a tax penalty. Use
cases will be DAO voting, lottery system, NFTs,
remittance payment transactions based on
optimal chain, etc. $HOKKFi will have secondary
CEX listing focus.
8. Detailed Proposition of Supply Management for X-Chain
The plan is that the new token will be a MANAGED supply for X-
Chain launches as a SINGLE supply starting in ETH (10 Billion
Tokens) but being burned on the ETH side when launching on any
X-Chain. 10 Billion tokens would exist in ETH, but the circulating
supply on the ETH chain will be what is designated. Following the
guidelines below, at launch this will be 2500M tokens designated
to circulate in ETH. For BSC $HOKK, at launch we will use the
bridge to burn 1000M additional ETH $HOKK tokens and mint
1000M BSC $HOKK Tokens. Also, at launch we will burn 500M ETH
$HOKK tokens and mint 500M HECO $HOKK Tokens. This means
40% of the supply will be in circulation (or budgeted to be in
circulation) in all of these respective chains.
Important Concept To Understand
Tier 1 Top 10 MC chain
Tier 2 Top 25 MC Chain not in Tier 1
Tier 3 Top 100 MC Chain not in Tier 2, 1
Bridging will be Mint/Burn 100% going forward.
The remaining 60% (6000M ETH $HOKK Tokens) will be locked in
a Treasury multi-sig wallet or time-lock Treasury smart contract
until future launches into other x-chains.
9. Detailed Proposition of Supply Management for X-Chain
ETH Token – Parent Chain Breakdown (example) to X-Chain:
25% Designated for circulation on ETH
8% Burned on ETH/Minted (Bridge) on BSC (Tier 1 Chain)
2%
Burned on ETH/Minted (Bridge) on BSC (Tier 1 Chain) for
Existing BSC Holders – 100% automatic Airdrop
5% Burned on ETH/Minted (Bridge) on HECO (Tier 3 Chain)
Future
% Remaining Reserved for future chains. Reserve to be
held in multi-sig wallet or time lock smart contract.
40% Total Supply Launch
Supply 1B (Launched on ETH)
We can in the future make the bridge multi-lateral, to be able to move between all chains and thus supply will change over time as the market sees fit. Alternatively,
if we choose not to renounce ownership of the contract once cross-chain supply is fully diluted, we can manually manage the supply of each chain. For example, we
could move from 10% of ETH $HOKK to BSC $HOKK in the future and it would be 15% existing in ETH and 20% in BSC. For existing BSC holders, the 2% allocation
will be 100% automatically to wallets, without an airdrop claim page. The BSC contract will be halted for trading by a specified date/time announced with several
days of anticipation.
Note:
10. Supply Management and Existing Holder Allocation within Chains:
When $HOKK relaunches, only 40% (25% in ETH, 10% in BSC and 5%
in HECO HOKK) of the supply will be designated for circulation. The
below proposal is discussing the re-launch by this figure.
For ETH, BSC initial re-launch
These launches will be airdrop launches (claim page as discussed in
“HOKK Relaunch - X Chain” proposal).
The airdrop happens before launch (before liquidity is added) by
users claiming their tokens from the airdrop website for a specific
amount of time, for example, you have 1 week to claim your tokens
before launch date (you will be able to claim after launch date if you
didn’t get to it before launch as well).
To avoid users adding liquidity and “launching” the coin early, we will
be blacklisting transfers to all ETH, BSC, HECO DEX routers contract
addresses. The price is set based on the liquidity we have at time of
relaunch.
Important Concept To Understand
11. Supply Management and Existing Holder Allocation within Chains:
Current holder tokens re-allocation is as follows for the new supply:
For ETH
2500M tokens broken down as follows:
80% airdrop to current holders at time of snapshot (2000M)
10% Team/volunteers (250M)
5% Liquidity/launch (125M)
2.5% DAO (62.5M)
2.5% Influencers (62.5M)
For BSC
1000M tokens broken down as follows:
64% airdrop to current ETH holders at time of snapshot (640M)
16% airdrop to current BSC holders at time of snapshot (160M)
10% Team/volunteers (100M)
5% Liquidity/launch (50M)
2.5% DAO (25M)
2.5% Influencers (25)
12. Supply Management and Existing Holder Allocation within Chains:
For HECO First-Ever $HOKK launch
This launch will happen as a “fair launch” which means airdropped
holders will have access to the token after launch, and not before
like the other chains ETH and BSC. The point of this is to attract
the HECO community to join the $HOKK community and new
ecosystem.
Another thing is that the HECO airdrop will be vested like what we
will do with $HOKKFi, weekly distributions for 5 drops (over the
course of 5 weeks). Otherwise, there's no big point to try to bring
on HECO community if our holders have 80% of the supply. It’s
important to note that HECO is the Huobi exchange native chain.
Huobi is the world’s 2nd largest exchange behind Binance, so we
want this community to adopt us.
For HECO - 500M tokens broken down as follows:
20% airdrop to current ETH holders at time of snapshot (100M)
50% Liquidity for launch (250M)
10% Liquidity for Bridge (50M)
10% Team/volunteers (50M)
5% Flex Liquidity to LP or Bridge (25M)
2.5% DAO (12.5M)
2.5% Influencers (12.5M)
13. Supply Management and Existing Holder Allocation within Chains:
We will not see 100% contribution to the burn/migration wallet. Although 200M
tokens are budgeted for relocation to current holders, we expect only 70-80% will
send to the migration wallet and be eligible for this airdrop. The remaining supply
of all unclaimed supply will go back to the Treasury multi-sig wallet or Time Lock
Smart Contract. Alternative uses for this supply can be project related stuff,
liquidity, etc. or a lottery, a Lambo giveaway, fun stuff, or a combination of
locking of the supply vs. use of it.
We Recognize that
14. Supply Management and Existing Holder
Allocation within Chains – All Future Chains
After $HOKK relaunches, 60% of the supply will be reserved for future X-chain launches. The below proposal is discussing this figure
Important Concept To Understand
At this point the idea is that $HOKK is successfully building its new endeavors, has reasonable adoption, a DAO in place,
and a vibrant ecosystem.
The approach of going cross-chain at this point is similar to that of our launch but with some major differences. The
launch served as a migration from the old $HOKK ecosystem to the new one. At this stage, new x-chain launches are
about furthering the adoption of $HOKK and its ecosystem by way of launching $HOKK into other ecosystems (different
chains).
One issue we will encounter is airdropping tens of thousands of holders tokens into a new chain and immediate selling as
this is usually seen as “free money” by existing holders. This is not the purpose of the expansion into other chain
ecosystems and users of those ecosystems will frown upon and be discouraged to join $HOKK’s ecosystem within their
chain if they feel a threat of a sell-off by the airdrop of tens of thousands of existing holders.
15. For the reasons described above and so that all of our various chain holders
have the opportunity to participate in future launches in a 100% fair way,
the remaining launches will be fair launches.
These issues must be minimized and be as close to a fair launch as possible
Because it is a fully-bridged coin, we must launch as close to the same Market
Cap price as possible, or give it enough room, and incentivize new holders to
buy the coin and catch up with the rest of the X-Chain token price. Otherwise,
the possibility for immediate and heavy selling of previous chains to buy this
“new and cheap” $HOKK will happen as arbitrage closes this price gap. We
must act in what is favorable for all chains, not just one. Arbitrage
management must be considered here and at time of launch.
Team/volunteers, Influencers,
Marketing, New Chain Ecosystem
adoption, DAO
Liquidity/launch (for price stability)
20%
80%
Supply Management and Existing Holder
Allocation within Chains – All Future Chains
16. Terms & Conditions
You hereby represent that you are not a U.S. based person and you are not purchasing our token for investment purposes. Our tokens were
designed solely for utility purposes and you agree to purchase such tokens at your own risk.
Disclaimer:
You should note that purchasing or selling tokens could involve substantial risks, including no guarantee of returns, costs associated with
selling and purchasing, no assurance of liquidity which could impact the price and ability to sell, and possible loss of principal invested.
Further, an investment in single security token could mean lack of diversification and, consequently, higher risk.
No Offer, Solicitation, Investment Advice or Recommendations:
This document is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any
security or token, nor does it constitute an offer to provide investment advisory or other services by our community of users. No references
herein constitute a recommendation to buy, sell or hold any security or token. Nothing herein shall be considered a solicitation or offer to buy
or sell any security, token, future, option or other financial instrument or to offer or provide any investment advice or service to any person in
any jurisdiction. Nothing herein constitutes investment advice or offers any opinion with respect to the suitability of any security or token,
and the views expressed should not be taken as advice to buy, sell or hold any security or token. All information is subject to possible
correction. Information may quickly become unreliable for various reasons, including technology changes and changes in our community of
users.