$HPRIME & $TNGNT, Hedera’s Innovation ETF Token and its First DEX Token
Lets talk about, arguably, two of the most important tokens coming to Hedera very shortly!
What is $HPRIME
HederaStarter has two tokens; $HSTART and $HPRIME, $HSTART is staked on the HederaStarter platform to gain access to the HDAO and the HPAD, and $HPRIME is only minted to $HSTART stakers. $HPRIME follows a square root minting function and is distributed to $HSTART stakers follower a 10 year minting cycle, so you can say we’re really here for the long run!
$HPRIME is not simply just a token to be minted and then either held or sold, $HPRIME is backed by the underlying successful projects that launch on HederaStarter’s HPAD platform. This means that over time $HPRIME will come to represent more and more of the entire Hedera ecosystem as HederaStarter launches more projects. $HPRIME will quite literally be the $QQQ of the Hedera ecosystem, this is something no other launchpad on Hedera, let alone the entire industry has thus far, we’ve developed something truly unique for Hedera!
With that in being said, as HederaStarter plans to launch later in April, the $HSTART token will have its TGE and IDO. Users can then begin staking their $HSTART to receive the $HPRIME token as the mining process will begin once $HSTART staking is permitted. Users can then take their freshly minted $HPRIME and bring that over to our good friends and partners, Tangent Finance and stake their $HPRIME tokens alongside either $HSTART or $TNGNT and begin earning outsized rewards in the form of $TNGNT tokens!
Initially $HPRIME will be backed by $HSTART and $TNGNT tokens, thus owning $HPRIME is the only way to gain exposure to $TNGNT and then LPing it on Tangent Finance is the only way to begin accumulating $TNGNT for the first working DEX on Hedera!
$HPRIME’s backing will gradually be expanded over time as we launch more projects. Following Tangent Finance’s release we’ll have projects like Metastable releasing down the road and their token, $META, will also back the $HPRIME token! Its the gift that keeps on giving so it’d be wise to hurry and accumulate as many as you can!
What is $TNGNT
You’re likely asking wanting to ask me now; “$HPRIME sounds awesome and earning $TNGNT makes sense but what does TNGNT do for me?”, I don’t want to reveal tooooo much but here it goes!
$TNGNT, while holding DEX governance capabilities for the Tangent Finance DEX, can be staked in a manner very similar to that of a popular DEX on Avalanche, TraderJoe. Users will stake $TNGNT to a special pool and obtain a new token which represents a share of that pool, then as fees are generated on the platform, a certain amount of said fees will be used to buy back $TNGNT off the market and distribute to stakers of $TNGNT from the pool, helping them accrue even more $TNGNT!
Now I don’t want to keep running my mouth about Tangent as they’ve got to reveal some of this information themselves but hopefully that’s left everyone with a taste of what’s to come!
TL;DR
Get into the HederaStarter IDO, get yourself some $HSTART, stake it on our platform, begin accruing $HPRIME then go and LP that on Tangent and get a nice flow of $TNGNT tokens! Its quite simple and it pays to be first!
- Co-Founder Conor
About HederaStarter:
HederaStarter aims to become the leading launchpad platform on the Hedera Hashgraph Network. Run by a team of highly-experienced builders capable of funding and launching projects that will be designed to serve both the users of the Hedera ecosystem and help expand the ecosystem as a whole. Our primary goal is to ensure that we build with integrity. We want to build authentic relationships with all the teams and projects we launch and more importantly build healthy relationships with the Hedera community. We serve them at the end of the day and our success is their success.
Follow HederaStarter’s social media channels to stay up to date with the latest news:
Website: https://www.HederaStarter.fi
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Discord: https://discord.gg/hederastarter
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