HwikCircleLayer Whitepaper
  • Abstract
    • Abstract
  • Introduction
    • Post-Covid19 Pandemic Era and Smart Mobility
    • The Future of Smart Mobility
    • Platform Business and Blockchain
  • HwikCircleLayer
    • Hwik Circle Layer Architecture
    • Background of adoption of Layer 2 solutions
    • Benefits of using OP Stack
    • Growth plan by stage
  • Tokenomics
    • HCL Tokenomics
    • Dual Token Model
    • Governance Token: HCL
    • Utility Token: HWIK
    • Inflation problems with Utility Tokens
    • HWIK Management Inflation: HDR
    • Token Allocation
  • Service
    • Wallet Connect
    • Add Token
    • Swap
    • Bridge
    • Staking
    • Mystibox
    • Quest
    • G-PASS
  • DAPP
    • Taglo
  • Partners
    • Partners
  • Roadmap
    • Roadmap
  • Team Member
    • Team Members
  • disclaimers
    • Disclaimers
  • Whitepaper_Kr
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  1. Tokenomics

Utility Token: HWIK

HWIK
Details

Type

Utility Token

Supply

The maximum supply of HWIK tokens cannot exceed 20% of HCL market capitalization

Consumption

Swap fee, NFT Marketplace fee, Cross-chain bridge fee, SBT minting cost, exchange within the TAGLO app will be burned from circulation

Network

WEMIX ERC-20

The HWIK token is the utility token of the Hwik Circle Layer, and the HWIK token has the following utilities that allow access to various services in the Hwik Circle Layer ecosystem and is offered as an incentive reward for on-chain activities.

  • Hwik Circle Layer Decentralized Exchange (DEX) Fee

  • Minting of NFT or Soul Bound Token (SBT) / NFT Marketplace Trading

  • Hawik Circle Layer-based MaaS and LaaS DApp Service Fees and Rewards

  • Swap to Governance Token (HCL) by Converting feature (burning HWIK Token)

  • FT, NFT Staking Rewards and Staking Boost

  • Referral and verification Rewards for PoC-based DApp services such as TAGLO

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Last updated 2 years ago