Today there's some awesome news to share regarding community token holders and future tokenomics.
Staking - Tier Benefits
We haven't announced concrete benefits / levels for staking our tokens yet. Today, we're happy to announce our new staking system and rewards.
Staking $HUSTLERM Miner Tokens = "Discord Club Levels"
50 Club - stake 50+ $HUSTLERM miner tokens:
Receive = 1 x $HUSTLERM token/month bonus (liquid + direct)
100 Club - stake 100+ $HUSTLERM miner tokens:
Receive = 3 x $HUSTLERM tokens/month bonus (staked) + 1000 x $HUSTLER tokens/month (liquid)
250 Club - stake 250+ $HUSTLERM miner tokens:
Receive = 10 x $HUSTLERM tokens/month bonus (staked) + 5000 x $HUSTLER tokens/month (liquid)
500 Club - stake 500+ $HUSTLERM miner tokens:
Receive = 25 x $HUSTLERM tokens/month bonus (staked) + 15000 x $HUSTLER tokens/month (liquid)
1K Club - stake 1000+ $HUSTLERM miner tokens:
Receive = 75 x $HUSTLERM tokens/month bonus (staked) + 35000 x $HUSTLER tokens/month (liquid)
50% off HiveHustlers T-Shirt (choice of size/color/gender) from HiveSwag.io
2.5K Club - stake 2500+ $HUSTLERM miner tokens:
Receive = 225 x $HUSTLERM tokens/month bonus (staked) + 100000 x $HUSTLER tokens/month (liquid)
1 FREE HiveHustlers T-Shirt (choice of size/color/gender) from HiveSwag.io
5K Club - stake 5000+ $HUSTLERM miner tokens:
Receive = 500 x $HUSTLERM tokens/month (staked) + 250000 x $HUSTLER tokens/month (liquid)
1 FREE HiveHustlers Hoodie (to be released, choice of size/color/gender) from HiveSwag.io
Token Burn 🔥 Rates:
We are very excited to announce our burn program, which aims to reduce the overall token market-cap and increase the value of tokens held by investors.
$HUSTLERM Token currently has 3MM tokens in circulation, with an overall 100MM token cap - this is changing to 10MM TOTAL cap, with 1.5MM in circulation (we will burn 1.5MM that are currently in circulation + 88.5MM unissued tokens).
$HUSTLER Token currently had 30MM tokens in circulation, with an overall 1B token cap - this is changing to 200MM TOTAL cap, with 30MM in circulation currently (we will burn 800MM unissued tokens).
What does this mean?
We are reducing a massive amount of possible tokens ever released, which means there will be far less available then there ever would be previously. Typically, this points toward increased demand since far less tokens are/will be available.
Please note:
If you'd like to join our community and grab some tokens, use the following links:
$HUSTLERM Miner Tokens = https://hive-engine.com/?p=market&t=HUSTLERM
$HUSTLER Tokens = https://hive-engine.com/?p=market&t=HUSTLER
Join the #HiveHustlers Discord:
https://discord.gg/hhRUy2C
Please note -- rewards susceptible to scaling as reward pool shrinks - bonus distribution scales with pool size