💎HOT-COLD-HNC
Last updated
Last updated
Hot'n Cold Finance's native token is $HNC: a transferable representation of attributed utility functions; namely, liquidity, staking, and governance, specified in the code. It is therefore designed to be a utility token essential to the protocol. 100 million $HNC tokens were minted at genesis. The total supply of $HNC is hard-capped and will not exceed 100 million tokens.
Hot'n Cold Finance is structured as a progressive DAO which starts as semi-technocratic governance and evolves to a fully decentralized DAO over time, where the community can create and vote on proposals to steer protocol development and community fund management. This governance framework leverages DAO DAO architecture. Votes will be proportional to the amount of HNC in a user's account.
HNC can be converted to HOT or COLD. During the transformation, 1 HNC is divided into 100 parts and these parts become HOT or COLD at the request of the user.
$HOT is a user-focused currency that has an automatic earning system. $HOT also stands as a base currency for HOT Dex. Every trade contributes towards auto-generating liquidity that goes into HOT Dex as ownerless liquidity. $HOT holders earn passive income with every $HOT transaction as it happens.
$COLD is a capital-focused currency with a unique deflationary mechanism. $COLD is also the base currency of the COLD Dex and acts as an insurance point for HOT Dex. $COLD has an internal deflation mechanism: each day %10 of the unused COLDs in wallets (coins that are not in COLD pools) get defuncted.
