HLNK Token
Powering the HydroLink ecosystem
Contract address: 0x536a7BcdccFaff3a9A2Aa765369631Db2F247b09
Available on
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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