The HEPA (HEPA) token
The base of the Hepa Finance is the HEPA token.
It has a straight view to be fairly and widely distributed, with focus on rewarding early and active supporters of the protocol.
LET ME INTRODUCE YOU TO “HEPA”
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant’s database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Hard cap
The HEPA token has a hard cap of 500,000,000 tokens and features an extensive lockup model where 95% of earned tokens will be released at a later stage in the future and 5% will be available directly.
The HEPA token will be configured to lock 95% of all newly minted supply during the yield farming stage until 00:00:00 UTC March 25th, 2022.
When 00:00:00 UTC March 25th 2022 has been reached the locked supply will slowly start to unlock on a block-per-block basis until 00:00:00 UTC March 25th, 2023.
By the end of 2022 roughly 290.87 million HEPA tokens are expected to have been minted. At the end of 2023 the supply is expected to reach 460.70 million HEPA and the final 500 million cap is expected to be reached at the beginning of March 2024. From start to finish it’ll take roughly 3 years in total to reach the cap.
HEPA TOKENOMICS
Due to the treasuries following the exact same locked emission schedule as regular users we’ve decided to pre-mint a total of 10,000,000 HEPA, or 2% of the expected final hard cap.
The 10,000,000 HEPA tokens will be distributed as follows:
7,000,000 HEPA: IDO Sale on ApeTools
2,000,000 HEPA: Allocated to the liquidity provider (LP) fund. The first action will be to seed initial liquidity for the HEPA/BNB pool.
1,000,000 HEPA: Allocated to the strategic wallet.
Besides these 10,000,000 HEPA there are no intentions to further mint tokens outside the scope of our yield farming contracts/token emission schedule.
Yield Farming
Here’s a short breakdown of the first month’s bonus multipliers:
Week 1: 256x multiplier = 256 HEPA/block = 7,680 HEPA/minute
Week 2: 128x multiplier = 128 HEPA/block = 3,840 HEPA/minute
Week 3: 64x multiplier = 64 HEPA/block = 1,920 HEPA/minute
Week 4: 32x multiplier = 32 HEPA/block = 960 HEPA/minute
The reason we can go crazy with these multipliers is because of the 95% locked / 5% unlocked token supply locking system.
DETAILS OF REWARD POOL
Hepa Finance will launch with two pools that will reward yield farmers with HEPA:
HEPA/TAPE — 1x pool weight (~9.85 HEPA/block during the initial launch week).
HEPA/BNB — 25x pool weight (~246.1 HEPA/block during the initial launch week).
Withdrawals
For withdrawals we’re using a slightly more complex system:
1% fee if a user withdraws under 5 days.
2% fee if a user withdraws under 3 days.
4% fee if a user withdraws under 24 hours.
8% fee if a user withdraws under 1 hour.
25% slashing fee if a user withdraws during the same block (in order to disincentivize the use of flash loans).
LET’S KNOW ABOUT LIQUIDITY
The founding team will commit ~$10k worth of BNB to the HEPA/BNB pool to allow for users to easily swap to HEPA in order to enter the HEPA/BNB liquidity farm.
The HEPA/BNB pool on Hepa Finance will initially be seeded with a price of $0.005 per HEPA.
ApeSwap router will be used for all transactions.
THEIR MOST WAITED PROGRAM : THE BOUNTY PROGRAME
The project gives the opportunity to earn HEPA tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (https://bitcointalk.org/index.php?topic=5344679.0), where you can access the link in order to see what are the conditions to become an early Hepa Finance contributor and start acquiring tokens.
You can also stay tuned to their official Telegram Channel (https://t.me/hepafinance). I hope you liked the post and soon I’ll send you new ones.
Social Media Links
Website: http://www.hepa.finance/
Whitepaper: https://docs.hepa.finance/
Telegram: https://t.me/hepafinance
Twitter: https://twitter.com/HepaFinance
Medium: https://hepafinance.medium.com
AUTHOUR: Ferland Mendy
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