HID [HypersignID] : Token Model
For the last month, many of you have been asking us about our token metrics. With the upcoming token sale in mind, we’re finally happy to share the Tokenomics of the HID Token with our community.
Usage of HID tokens
Ticker: HID
Total amount: 50,000,000
Contract: To be shared soon.
15% of the total supply (7,500,000 tokens) are un-locked, the other 85% (42,500,000 tokens) are time-locked with Ercc20 contracts and will be released 1/4 (in equal parts) in years 2, 3, 4, and 5.
– Pre-sale(private): 5,000,000 HID (10%). Fully unlocked during the sale and afterward.
– Public Sale: 2,500,000 HID (5%). Fully unlocked during the sale and afterward.
– Team: 5,000,000 HID (10%). All of these tokens are time-locked, which means the earliest team tokens will be released is in 12 months from the pre-sale (1/4 of the allocation). The lockup period can be extended.
– Advisor: 2,500,000 HID (5%). All of these tokens are time-locked, which means the earliest advisor tokens will be released is in 12 months from the pre-sale (1/4 of the allocation). The lockup period can be extended.
– Liquidity provision: 20,000,000 HID (20%). Most of it is time-locked, this allocation will go to the Jellyswap/Uniswap/Seeswap liquidity pool or to a market-making deposit (if we’ll decide to list on CEXs in the future).
– Foundation: 22,000,000 HID (22%). All of these tokens are time-locked, this means the earliest reserve tokens will be released is in 12 months from the pre-sale (1/4 of the allocation). foundation funds will be used to support other developers/companies developing on our platform or for covering the unexpected events. The lockup period can be extended.
– Network Operations : 22,000,000 HID (22%). All of these tokens are time-locked. Rewards will not only be available for the platform node operators but as well for the partners, who will integrate our Identity platform and will generate volume on our platform. The exact formula for the liquidity mining will be based on the real volume on our platform.
– Marketing:10,000,000 HID (10%). Most of it is time-locked, will be spent rationally on future promotional activities.
