Hello Helios Community,
It's been a while since our last update, however, today we have a critical announcement. As the HELIOS project matures and approaches max supply, our leadership is singularly focused on protecting the long-term value and scarcity of the HELIOS token. Therefore, we are announcing a final decision regarding the proposed secondary reward token, ATHON.
🛑 Final Decision: Cancellation of the ATHON Token
After careful consideration and deep analysis of the project's long-term economic health, we have decided that we will not move forward with the minting or distribution of ATHON tokens. Furthermore, to strictly protect value, we will not introduce any other secondary tokens or reward assets within the HELIOS ecosystem.
This decision is made to safeguard the current and future value of HELIOS for all holders and delegators.
💰 Our Rationale: Why Scarcity is Non-Negotiable
Our economic model is built on scarcity and deflation, and the statistics prove that our system is highly effective. Introducing ATHON would fundamentally undermine this successful model.
Preventing Inflation and Protecting Scarcity
- Undercutting Demand: The introduction of a secondary burnable token (ATHON) would allow users to burn ATHON instead of HELIOS for services. This would directly undercut the demand and aggressive scarcity we've established for the core HELIOS token.
- De Facto Inflation: Minting a new token that serves the same function as HELIOS is functionally equivalent to printing more HELIOS tokens. This would violate our foundational promise of a strict 1,000,000 HELIOS hard cap.
The Current System is Robust
- Validated Burn Mechanism: Our system works. Over 64.50% of the HELIOS total supply has already been burned (598,858.551 out of 928,423.521 total supply). This high burn rate is exactly what drives future price appreciation.
- Focus on HELIOS Appreciation: With only 329,564.969 HELIOS left in circulation, the path to a significant price spike in terms of HIVE is clear. We must maintain this momentum and focus all demand onto the core token.
- Sustainable Rewards: We have already structured our delegation rewards with a high APR, designed to be attractive and sustainable. We do not require a secondary inflationary token to incentivize participation.
Community and Project Fatigue
We also acknowledge that the broader Hive-Engine ecosystem is experiencing token fatigue. Adding another token without a completely new and compelling use case creates unnecessary complexity and risk that could be detrimental to the project's reputation.
✅ Moving Forward: Focus on the Core
The current HELIOS architecture is strong and successful. We must continue to support this structure to ensure HELIOS can appreciate quickly and reward our loyal delegators and holders once minting ceases.
Thank you for your understanding and continued support as we make the best strategic decisions to ensure the long-term success and value of the HELIOS project.
