$HLNK is HydroLink’s fungible ERC20 utility token for the HydroLink ecosystem. The HLNK token derives value from the economic benefits available to users of the HydroLink decentralized application (DApp).
HLNK's role within the HydroLink ecosystem results in a strong tie between the demand for the token and the demand to access services hosted on the utility layer of the technology stack - measured by the number of active/registered DIDs.
HLNK exhibits 3 key features
0.4% of all transactions are burnt, reducing supply and increasing token scarcity
0.6% of all transactions are sent to the liquidity pool - fostering greater stability
Fixed supply of 100,000,000 tokens.
Powering the HydroLink ecosystem
An application user makes payment in fiat currency.
75% - Credited to an account controlled by HYDROLINK LEDGER PTY. This account is predominately used to finance operational expenses and project costs.
25% - converted to HLNK via the platform's fiat on-ramp, directly buying on market
HLNK transferred to a dedicated payment contract, which triggers a smart contract to mint service tokens which correspond to the fiat/HLINK payment.
The sole purpose of the service token is to represent the user’s permissions regarding utility layer services and network usage. (Service tokens are not tradeable, do not hold value, and are used for representation/tracking purposes only)
A company will be granted either, a specified network allowance, or alternatively, a specified period for which access is permissioned. As network usage is utilized (or time passes), access tokens are intermittently burned to reflect the user’s decreasing account balance
As Service tokens are burned, the payment contract triggers the release of HLINK tokens in equal proportion. The HLINK tokens are dispensed to validator nodes (20%) and the burn address (5%).
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