HCL Tokenomics

Financial characteristics (Tokenomics) are inherent in all blockchain projects. The appropriate economic model is very important as one of the basic and key elements of the blockchain ecosystem. The biggest obstacle to the adoption of blockchain technology by potential market participants or business partners who want to conduct new businesses in the blockchain industry among companies in the traditional market is the large price volatility of digital assets (cryptocurrency). The biggest problem is that large price volatility greatly undermines the predictability of the cost of using blockchain resources as well as the problem of investment loss, which acts as a big entry barrier and risk not only for companies but also for ordinary users (communities) who are incentivized by tokens.

To address these issues, Hwik Circle Layer has adopted a dual token system that includes the Hwik Circle Layer token (HCL) and the HWIK token. The HCL token serves as an ecosystem decision-making, ecosystem circulation, and value delivery medium, and the HWIK token has a utility to use various services in the Hwik Circle Layer ecosystem and is provided as an incentive reward for participants' on-chain activities.