🎲Tokenomics

We believe that a well-designed tokenomics scheme is crucial for the long-term success of any cryptocurrency project, and we are committed to finding the best solution for Holygrails.io. Our goal was to create a tokenomics scheme that rewards our users and the community fairly and encourages adoption and growth for the platform

Details of $HOLY Token Distribution

In Detail:

Staking Rewards 25,00%

Staking rewards are a type of incentive offered to users who hold and "stake" their cryptocurrency in a wallet or on a particular platform. In the context of a proof-of-stake (PoS) blockchain, staking involves holding a certain amount of cryptocurrency in a wallet and participating in the network's consensus process by validating transactions and blocks. In return for this service, stakers are typically rewarded with a share of the network's transaction fees and/or new tokens that are created as part of the block reward.

Holygrails.io is using the Solana blockchain, which has a unique consensus mechanism called TowerBFT and proof-of-history (PoH). TowerBFT is a variation of the traditional Byzantine Fault Tolerance (BFT) consensus algorithm, which is designed to be fast and secure. PoH is a mechanism that allows the Solana network to achieve high transaction throughput by recording the history of transactions in a compact, verifiable way.

By participating in the staking process on holygrails.io, users can earn rewards in the form of $HOLY tokens. The amount of the reward will depend on a variety of factors, including the amount of $HOLY tokens that the user has staked and the staking subscription time. At Holygrails.io, we believe that staking rewards can provide a passive income stream for users and also help to improve the security and decentralization of our platform. By participating in the staking process, users can earn rewards in the form of HOLY tokens while contributing to the overall health and stability of the Holygrails.io ecosystem. We encourage all of our users to consider staking their HOLY tokens and joining us in our mission to build a strong and secure platform for trading NFTs.

Liquidity management 0,05%

Liquidity management refers to the process of ensuring that $HOLY token has sufficient liquidity, or the ability to be bought and sold easily without affecting the market price. Liquidity is important for the functioning of any market, as it allows users to buy and sell assets quickly and at a price that reflects the true value of the asset.

There are several ways in which Holygrails.io can manage liquidity, including:

Reserve management: This refers to the practice of holding a portion of the holygrails.io total supply in reserve in order to provide liquidity when needed.
Market making: We can hire market makers, who use their own capital to buy and sell the $HOLY token in order to create liquidity and reduce price volatility.
Trading: We can encourage trading activity by offering incentives or rewards to users who buy and sell the $HOLY tokens on exchanges.
Staking: We offer the possibility for users and the community to "stake" their $HOLY tokens in order to earn rewards. This staked token supply could also be used to provide liquidity to the market if needed.

Overall, the goal of liquidity management is to ensure that the market for $HOLY token is healthy and efficient, which can help to increase adoption and drive up the value of the token.

KOL + Airdrops + Marketing 50%

KOL Key Opinion Leader A Key Opinion Leader (KOL) is an individual who is widely respected for their expertise and knowledge in a particular field or industry. They are known for their ability to influence the opinions and decisions of others, and their endorsements can carry a lot of weight.

Influencers, on the other hand, are individuals who have built a large following on social media platforms and have the ability to influence the purchasing decisions of their followers. Influencers may or may not have expertise in a particular field, but they are able to influence others through their personal brand and online presence.

Both KOLs and influencers can be important for holygrails.io, as they can help to promote our marketplace to a large audience and build trust with potential new community members. However, it is important to consider whether working with a KOL or influencer aligns with your brand values and if their endorsement is authentic, as it can have a big impact on your reputation.

It is good to see that Holygrails.io has reserved 50,000,000 $HOLY tokens for Key Opinion Leaders. Collaborating with KOLs can be a valuable strategy for the project, as their expertise and influence can help to drive awareness and adoption of the platform within the industry. So if you know a potential KOL for Holygrails.io recommend him to us and if we start a partnership with them YOU WILL EARN 1'000 HOLY's! You can submit your recommendations here on this form:

Airdrops

An airdrop is a distribution of a cryptocurrency or token to a large number of wallet addresses, typically for free. Airdrops are often used as a marketing strategy to increase awareness and adoption of a new cryptocurrency or project. Also HolyGrails.io NFT Marketplace on SOLANA could use airdrops as a way to reward and engage its community. For example, the platform could airdrop a certain amount of its native token, $HOLY, to users who traded a certain volume of $SOL tokens on the NFT Marketplace or who have completed certain actions within the marketplace or his attached social media channels, such as making a purchase or referring a friend. This could incentivize users to stay active within the platform and help to drive adoption of the $HOLY token. Airdrops can also be a way for the HolyGrails.io NFT Marketplace to attract new users and bring more attention to the platform. By distributing tokens to a large number of wallet addresses, the platform can reach a wider audience and potentially attract new users who may not have heard of the platform before. Overall, airdrops can be a useful tool for the HolyGrails.io NFT Marketplace on SOLANA to build and engage its community, and to increase awareness and adoption of the platform and its native token.

Founders 9,95%

The founders of the HOLY token project have been allocated 9.95% of the total supply of 100,000,000 $HOLY tokens. These tokens are subject to a vesting schedule, with specific release dates for the founders to receive their allocated tokens.

The vesting schedule for the founders' $HOLY tokens is as follows:

After 90 days, 20% of the 9.95% allocation (or 1.99% of the total supply) will be released to the founders.
After 180 days, an additional 20% of the 9.95% allocation (or 1.99% of the total supply) will be released.
After 270 days, another 20% of the 9.95% allocation (or 1.99% of the total supply) will be released.
After 360 days, yet another 20% of the 9.95% allocation (or 1.99% of the total supply) will be released.
After 450 days, the final 20% of the 9.95% allocation (or 1.99% of the total supply) will be released.

This means that the founders will receive a total of 9.95% of the $HOLY token supply, but this will be released to them in increments over the course of 450 days. This vesting schedule is in place to align the interests of the founders with those of the community and to ensure the long-term success of the project.

Start date for vesting was 1. December 2022 (TGE date)

$HOLY🔥 Burning

The $HOLY token burning is a crucial part of the $HOLY ecosystem. The Burning of not distributed tokens will help to stabilize the price of the token. The Burning mechanism is fully automated and will burn all tokens not distributed to community every month.

Where did the leftover $HOLY tokens for burning come from?

Rewards for the HOLY token will be distributed among eligible users on a daily basis, with a maximum of 2000 tokens given out each day. To be eligible for these rewards, users must meet two conditions:

Have staked at least 5 HOLY tokens, with higher amounts of staked tokens resulting in a greater reward.
Have traded at least one NFT on the platform on that day (either through a buy or sell). The amount of the reward will be based on the percentage of the user's traded volume relative to the total trading volume on the platform for that day, with a greater number of trades resulting in a larger reward.

Any leftover HOLY tokens that were not distributed will be burned on a monthly basis. More information on HOLY token burning can be found here.

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Last updated 1 year ago