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Tokenomics

The Hami Network has a native cryptocurrency called HAMI. Here are some details about the HAMI token and its role in the Hami Network ecosystem:

Token Distribution

The initial total supply of HAMI tokens is 120 million, with a strong burning mechanism implemented to ensure deflationary. Here's the breakdown of the token distribution:
  • 10% of the initial total supply is reserved for the Hami Network team and advisors, subject to vesting schedules to align interests with long-term value creation.
  • 10% of the initial total supply is allocated to the Hami Reserve, which is responsible for supporting the development and growth of the Hami Network ecosystem.
  • 20% of the initial total supply is reserved for mining rewards, which incentivize network validators to secure the network and validate transactions.
  • 15% of the initial total supply is allocated to early supporters partners and CEX.
  • 10% of the initial total supply is reserved for the Hami Network community, which includes future airdrops and bounties.
  • 35% of the initial total supply is allocated for Fund raising .
Here is the detailed Breakdown.
Allocations
Percentage
Token Allocation
Team
10%
12,000,000
Reserve
10%
12,000,000
Reward(Mining)
20%
24,000,000
Partners & CEX
15%
18,000,000
AirDrop & Bugbounty
10%
12,000,000
Fund Raising (Seed & Presale)
35%
42,000,000
​
100%
120,000,000

Token Utility

The HAMI token plays a vital role in the Hami Network ecosystem. It is used for the following purposes:
  • Transaction Fees: HAMI tokens are used to pay transaction fees on the Hami Network, incentivizing network validators to validate transactions and secure the network.
  • Staking: HAMI tokens can be staked by network validators to secure the network and earn mining rewards.
  • Governance: HAMI token holders can participate in the governance of the Hami Network by voting on proposals and protocol upgrades.
  • Ecosystem Incentives: The Hami Foundation uses HAMI tokens to incentivize developers, contributors, and partners to build and grow the Hami Network ecosystem.

Conclusion

The HAMI token is a crucial component of the Hami Network ecosystem, providing economic incentives for network validators and ecosystem participants while allowing for decentralized governance and community-driven development.
Last modified 1mo ago