HeLa Tokenomics
Overview of our Tokenomics!
The HeLa tokenomics has been carefully crafted with a single, overarching objective: to create an economical system that aligns the incentives of all participants within the HeLa ecosystem. This tokenomics paper details the core components of HeLa's economy. For an in-depth look at HeLa’s technical design, please take a look at the HeLa documentation.
Core Participants of HeLa
Users
Users perform various actions on HeLa, such as managing digital assets, engaging with smart contracts, and using advanced applications. HeLa offers stable gas fees in HLUSD, which is vital for sustaining Web3 ecosystems by shielding them from the fluctuations in gas fees. Additionally, HeLa’s modular architecture provides both scalability and flexibility, enabling developers to integrate different modules to build tailored solutions with consistent and low transaction costs.
Validators
Validators are integral to HeLa Chain, responsible for processing and executing transactions while maintaining the platform’s integrity and efficiency. They are compensated with a share of network fees in HLUSD, which encourages them to boost user adoption and transaction volume. Unlike many blockchain systems, HLUSD is non-inflationary, preventing validators from creating tokens at will. This key difference ensures that validators are motivated to increase network activity, as their rewards grow with higher transaction volumes. By aligning their incentives with the network’s expansion, validators play a crucial role in driving HeLa’s success.
$HeLa Token
HeLa’s native token, $HELA, has a finite supply, distinct from HLUSD, which is a stablecoin backed by a basket of currencies and used as the gas token on HeLa Chain. Holders of $HELA can partake in the network’s revenue-sharing program, offering them exclusive economic benefits. Additionally, $HELA holders are granted governance rights, allowing them to participate in crucial decision-making processes for HeLa Chain, such as approving builder grants, protocol upgrades, and fee adjustments. $HELA holders will be pivotal in shaping the future of HeLa Chain!
Critical Roles of $HELA in HeLa Chain
$HELA is a scarce asset with a fixed supply of 360 million. The core utility of $HELA can be split into three components.
Incentives
HeLa Chain plans to introduce $HELA incentive programs designed to identify, motivate, and reward exemplary behavior among its participants. This includes builders who develop applications, community members who contribute to the ecosystem, and validators who maintain the network. These programs aim to encourage transparency, integrity, and positive engagement, ensuring that those who demonstrate honesty and contribute constructively to the ecosystem are recognized and incentivized. By aligning rewards with desirable actions and contributions, HeLa Chain fosters a thriving, collaborative environment for all its ecosystem members.
Revenue Share
$HELA token holders have the opportunity to participate in the network’s revenue-sharing program.
Simply by staking and delegating your $HELA tokens, users will be able to accrue yield generated via a series of core dAPPs built natively on HeLa Chain, through various ecosystem grants that HeLa Chain will provide in due course.
Governance
$HELA token holders play an active role in influencing the core dApps (protocols) via governance processes, which include:
Voting on core dApp bribes and emissions
Allocating grant incentives from the Governance Fund
Awarding grants to developers of third-party dApps on HeLa Chain
This open and equitable decentralized governance model guarantees that the interests of $HELA token holders are well-represented.
$HELA Token Distribution
The total supply of $Hela tokens is capped at 360,000,000.
HeLa Guardian Node Incentives
12%
Ecosystem Grants
33%
Proactive programs, grants, and incentives designed to stimulate community participation and ecosystem development. 10% on TGE, 23% linearly vested over 48 months.
Seed Investors
15%
Early backers who supported the HeLa Chain vision and provided the necessary funding to build and grow the ecosystem. Linearly vested over 48 months
Partners
5%
Distributed to developers, partners and individuals who actively contribute to HeLa’s growth. Linearly vested over 48 months.
Advisors
5%
48-months distribution to people who play a crucial role in transforming HeLa Chain concept into a reality.
Team & Founders
10%
Tokens allocated to the core team and founders through a 48-months distribution cycle.
Core Contributors
5%
Core developers that have contributed to the development and upgrading of HeLa Chain. Linearly vested over 48 months.
Foundation
15%
Tokens allocated to providing initial and ongoing liquidity into DEXs & CEXs, as well as allocation for marketing & partnership expenditure. Vested immediately.
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