$HCORE Supply & Rewards
An insight into how it all works
HARDCORE ($HCORE) is a deflationary Fee on Transfer (FOT) token with a capped supply of 30,000 tokens. The purpose of this article is to explain fee revenue allocations and how NFT claims work.
If you are buying $HCORE using ETH on Uniswap there is a 2% fee, otherwise all other transfers between wallets are 4%— the breakdown is a follows:
- 60% of the transaction fee can be bought from the LiquidVault with ETH. This is locked-up for a one week period.
- 40% of the transaction fee is sent to the NFTVault. These funds are used to buy & ship exotic prizes.
LiquidVault Rewards
The percentage that is sent to the LiquidVault allows people to send ETH in order to receive discounted $HCORE-UNI-V2 (LP) tokens, which are automatically locked for one week. For more details read this article.
NFTVault Rewards
Points are mined through $HCORE LP staking to claim NFT’s.
There is 1 Staking Pool for $HCORE LP
- Stake $HCORE LP tokens to claim NFT Collections.
- The MAX $HCORE LP tokens allowed to stake per wallet per day for the NFT Fund is 2.02 LP Tokens. This is equivalent to 1 point. The top speed of the Lambo we are shipping is 202 MPH, and 2.02 LP’s is number that corresponds neatly to DGVC LP hodler averages over time.
- Accrue HCORE Points each day as you stake to claim NFTs.
- When you have farmed enough HCORE Points, you must come back to the site, select your NFT and submit a claiming transaction.
The number of NFT’s, the number of LP Tokens required to mine an NFT and staking time each will take is below.
Lambo NFT’s
- 1,000 NFT’s available.
- 2 points are required to mine 1 NFT.
- It will take 2 days of staking to mine an NFT.
Farming of both fee and NFT rewards will commence within a few days of the #alphadrop to the DGVC #degenhorde. The transaction fees with be collected in the respective Vaults from the very first transaction.
The mining of NFT’s for the NFT prize that the community selects to be first will end once all the NFT’s are mined; or 15-days from launch date — whichever is the later. If the winning NFT has not yet been mined, then the NFT deemed closest to the ball location will be selected by the panel of judges as the winner.
When Lambo? When NFT?
We have run some numbers, and they tell us that a Lambo can legitimately be given away via our spot-the-ball NFT contest once the total volume in the table below has been reached — at the full 5% fee — and according to the NFTVault allocation.
This then basically comes down to a choice. Part of the future voting mechanism via the website that is also open to $HCORE LP’s will be to decide on which reward they want to activate and in which order. The first vote will be taken on the Degen.VC Hardcore LP-only co-creation Discord channel here.
In order to preserve the quality of our contracts, we cannot allocate points per reward type and a majority vote will dictate which reward is funded.
Conclusion
It is worth mentioning that new Lambo spot-the-ball NFT contests and further artist NFT collections will continue to come onto the platform, as well as alternative reward options within the NFT world — such as insurance projects — so that the opportunity to win or own these rewards will continue into the future. There are some interesting additional incentives that can be created through our development that are under investigation.
Learn More
Website: https://hcore.finance/
Telegram: https://t.me/hcorefinance
Twitter: https://twitter.com/hcorefinance
Discord: https://discord.gg/NNf3RSR46x
