πͺ$Hood Tokenomics / STAKING
β’ Name: Hood Token
β’ Token type : ESDT
β’ Ticker: HOOD-3ef01c
β’ Supply: 33,333,333 HOOD
β’ Symbol: $HOOD
β’ Blockchain: MultiversX
With a maximum supply capped at 33.333.333 tokens, $HOOD has been created as a reward for our holders and to power the entire ecosystem of the project.
$HOOD token is the center of the whole project which consists in 3 collections , first one is Apehood Crew, followed by Katz Hood. It will ensure the durability and security of this decentralized system. At the moment when a NFT is minted, It can be stacked and will generate $HOOD tokens. Since $HOOD is a deflationary token with a limited supply it will ensure itβs increase of profitability over time.
The distribution of the token will be as follows:
60% - 20.000.000 $HOOD for Stacking supply as rewards for staking NFTs from all 3 collections;
15% - 5.000.000 $HOOD or Marketing and Partnerships 15% - 5.000.000 $HOOD locked for future public sales;
10% - 3.333.333 $HOOD reserved for the Team
STAKING PLATFORM
From the very first moment of minting a NFT from our collection , It can be stacked and will start generating $HOOD tokens. Besides $HOOD tokens, holders will also receive $UTK passive income when staking one of our NFTs in the Staking Platform
Katz HOOD will receive 5 $HOOD/ NFT / day. The 60% Staking supply is calculated to be fully distributed in one year to holders that stake their NFTs but will ensure a fair distribution based on the NFTs supply staked. The unstaking freeze period is of 7 days from the moment of withdrawal .
Ways of earning $HOOD?
Staking Stake your Apehood Crew NFTs and earn $HOOD tokens
Giveaway Participate in Giveaways hosted by us where we'll offer $HOOD as prize
Contests Participate in Contests hosted by us on Twitter of Discord (Quiz nights or other Games) where we'll offer $HOOD as prize.
Use of $HOOD?
Governance
$HOOD holders will have the right to participate in the governance of the future HOOD decisions.
Minting
You will be able to mint NFTs from all 3 collections & Comic Books as well using $HOOD. From each collection we will allocate a specific no. of NFTs which will be available on market to be minted with our native token . The price will be revealed closed to the mint sessions
Lottery draws
20% from Royalties will be used for purchasing NFTs from different MultiversX projects and have them rewarded in Lottery Draws where you can get your entry with $HOOD token.
Merchandise
There will be apparels or other merchs from the MERCHANDISE SHOP available to be purchased with $HOOD or you can exchange $HOOD token for vouchers to be used in the shop.
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