Introduction
In today's world, technological advances are moving us towards virtual worlds, where we can explore new places, interact with each other, and do much more without having to physically visit places. All assets in the world are now available in the form of NFT or Non-Fungible Tokens. Therefore, it is a smart move to start your NFT marketplace now while your business is young and ready to secure the benefits of early movers by tapping into the NFT craze.
The future of high-tech cyberspace may sound like something straight out of science fiction, but it's the future. The NFT metaverse platform aims to bridge the gap between the virtual world and the real world by leveraging virtual reality powered by blockchain technology.
This article looks at a new approach to the real-world goods industry by introducing the HXA Token, a native utility token of the Herencia Artifex platform and a standard ERC-20 compliant token for the Ethereum chain with mature security performance, processing power, and various durability features.
What is Herencia?
Herencia is a revolutionary NFT project that aims to bridge the gap between real-world items and blockchain technology.
By leveraging non-fungible tokens (NFTs) and introducing the HXAcoin token, Herencia seeks to create an innovative ecosystem that enables exclusive access to private clothes sales through a tiered staking system.
Utility of HXAcoin Token
The Herencia token is the native utility token of the Herencia platform.
The main features:
- Staking program
- Collaboration with real-world items Brands
- User-Tier levels system
Herencia token serves multiple purposes, including but not limited to:
- Staking and Rewards: The HXA token can offer a staking mechanism where token holders can lock or stake their tokens on the platform. By staking HXA tokens, participants can earn rewards in the form of additional tokens, discounts on purchases, or access to exclusive features and events.
- Governance and Voting: HXA token holders may have governance rights within the platform, allowing them to participate in decision-making processes. They can vote on proposals, such as new clothing brand partnerships, platform upgrades, or changes to token economics. This gives token holders a voice in shaping the direction of the project.
- Loyalty and Rewards Program: The HXA token can be used as part of a loyalty and rewards program. Token holders can earn rewards based on their engagement, purchases, or referrals, which can be redeemed for discounts, special privileges, or unique experiences within the real-items ecosystem.
- Exclusive Access and Benefits: Holding HXA tokens can grant users exclusive access to events, experiences, or collaborations with real items brands. Token holders may receive priority access to new releases, early access to sales, or invitations to exclusive item presentation shows or brand events.
- Tradable Asset: The HXA token can be traded on cryptocurrency exchanges, allowing token holders to buy, sell, or trade their tokens with other users. This provides liquidity and the potential for token value appreciation based on market demand.
- Incentives for Engagement: HXA tokens can incentivize user engagement within the platform and the broader community. Active participation, such as referring new users, creating content, or contributing to discussions, can be rewarded with HXA tokens, fostering a vibrant and engaged community.
To access private items sales, users need to stake a specific number of HXA tokens, which grants them a corresponding tier status.
The tier system ensures fairness and rewards loyal participants. The higher the tier, the earlier the access and the greater the potential benefits, such as limited-edition releases and discounts.
Platform Staking System
Staking Mechanism
Herencia will implement a a decentralized application that provides users with an opportunity for earning rewards by locking their HXA tokens for a specified period.
By staking HXA tokens, participants gain access to tier-level system which provide access for the private real-world items sales and unlock additional benefits based on their tier status.
Staking Rewards
Staking HXA tokens on the platform entitles users to receive staking rewards.
These rewards will be distributed periodically, incentivizing participants to hold and stake their tokens within the ecosystem.
For staking HXA tokens user get the Herencia Points (HP) as a reward.
The more HXA tokens and longer user stakes - the more HP he will get:
- Lock period: [4 weeks : 52 weeks] - the minimal and maximum periods of the staking
- Lock period Multiplayer: [1x : 5,2x] - the multiplayer to get HP reward depends on period of staking
The initial supply of HXA tokens will be generated through a fair and transparent distribution process, which includes a public token sale and allocations for strategic partners, team members, and community incentives.
The total supply will be capped on 500 000 000 000 HXA tokens to ensure scarcity and value appreciation.
Tokenomics
- Token name: HXAcoin
- Token ticker: HXA
- Total supply: 500 000 000 000
- Max supply: 500 000 000 000
- Contract address: https://etherscan.io/address/0x15C1Cab705B9Ddb9FfeeEa608eD8BaFcdd4c0396
Conclusion
The project aims to establish partnerships with renowned items brands, providing users with exclusive access to private clothes sales based on their staked HXA tokens.
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For more information, you can visit official link below:
- Website: https://www.hxacoin.io/
- Twitter: https://t.me/hxa_official
- Telegram: https://twitter.com/HXAcoin
- Discord: https://discord.com/invite/XXny68fZna
- Coinmarketcap: https://coinmarketcap.com/ja/currencies/hxacoin/
- Gitbook: https://herencia.gitbook.io/herencia-white-paper/
Author
Forum Username: Khandhar
Forum profile link: https://bitcointalk.org/index.php?action=profile;u=2598641
Telegram Username: @khandhar2
Coinsbit registration Email: [email protected]