All about the HH Guild's Utility Token - The Henthusiast (HH) Token

😄 Hello Henthusiasts! What are you up to? 😄

There is so much going on in the outside world as well as inside the blockchain space, have you been up to date to all these news? Well, do not worry if you don't, as we are living in a world where the only constant is change. But here's the thing, have you heard about Henthusiasts earning some Henthusiast (HH) Token?

If not, then you are in the right post as for today's post we are going to talk about the Henthusiast (HH) Token, what it is, its use cases, and the different distribution method. For all Henthusiasts who staked their HHG Tokens to earn HH Tokens and out there waiting for this, I am happy to share to you all this post.

Henthusiast (HH) Token

The Henthusiast Token, or just simply call it the HH Token, is the Guild's utility token with a maximum supply of 1.5 Billion. It is a 2nd layer token inside the Hive Blockchain and will serve as the main currency to the guild's economy. The token can be traded in any Hive DEX or here.

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Use Cases

It has the following use cases but is not limited to:

• Reward for Staking HHG Tokens (already available)
• Reward for blogging in our community
• Reward for providing liquidity
• Reward for donations
• Reward for guild activities and events
• Payment for rental services
• Payment for partner shop items
• Payment for exclusive guild events
• Payment for guild NFTs
• Payment for guild Merchs

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Distribution

It is planned for distribution using the following:

• 20,000,000 HH Tokens distributed in 5 years at a rate of 6M, 5M, 4M, 3M and 2M for Public Sale.
• 1,000 HH Tokens per user as a reward for their introductory post in the community.
• 24,000 HH Tokens per day as a reward on the Mining Contract for HHG Token.
• 14,400 HH Tokens per day as a reward for Blogging in the community.
• 42,000 HH Tokens per month as reward for Donating in the guild.
• 100,000 HH Tokens per month as a reward on Guild Activities and Events.
• 3,650,000 HH Tokens per year as a reward for Providing Liquidity in our pools.
• 7,500,000 HH Tokens per year for the Treasury.
• 5,000,000 HH Tokens per year for Providing Liquidity.
• 2,000,000 HH Tokens per year for Tournament Grants.
• 5,000,000 HH Tokens per year for 4 years for Guild Shop Grants.

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If you have questions, please comment down below or head to our discord server for clarification and such.

These use cases and distribution listed here are just the starting functions, however, as the guild is looking forward for a decentralized organization and has a functioning governance token, changes could apply as voted upon by the governing body of the guild.

And with that, I would like to appreciate and give my thanks to all holders of the Henthusiast Haven Guild (HHG) Token, especially to those who staked their HHG Tokens as they are the ones who are going to participate in the governance operations. @lolxsbudoy , @mlmalubay0908 , @heltiowl , @ishmaee , @aiah , @chriee , @sum4club , @mjblancia0818 , @dionne1018 , @lolxsbudoy1 , @bblee , and @gigisuare .

Thank you guys for your continued support for the Guild. 😍

AND YOU'RE READY TO GO! YOHOOOO!

If you're still reading this, I commend youuu! Congratulationsss for coming this faaaar!

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Let us see each other in our next blog post! Thank you and have a nice day!