HONEY == Health

Overview

HONEY is a closed-loop-token designed to mirror natural beehive mechanics on-chain, serving as the vital health metric for dragon-bees within the DegenHive ecosystem. It features a 3% burn tax on transfers / trades, representing the natural consumption rate of honey within a hive. HONEY is used to power up your Dragon-Bees, boost their health, and unlock rewards within the DegenHive ecosystem.

Note: The design of HONEY and its usage mechanics are inspired by natural beehive activities, where dragon-bees accumulate HONEY to sustain themselves, particularly through the metaphorical 'winter season'.

Dragon-Bee Integration

  • Genesis eggs contain randomized pre-locked HONEY amounts

  • Earned HONEY (from protocol revenue or emissions) splits into:

    • 50% automatically locks with dragon-bee

    • 50% becomes claimable by owner

  • Additional HONEY can be locked to boost health points

  • Locked HONEY is only retrievable by sending dragon-bee to HiddenWorld

Supply Distribution

The total supply of HONEY tokens is set at 42 billion, allocated as follows:

  • 50% reserved for liquidity provider incentives.

  • 30% allocated to the team and early backers, with a vesting period of 1-3 years.

  • 10% earmarked for bootstrapping and initial launch activities.

  • 5% set aside for the protocol treasury.

  • 5% designated for genesis dragon-bee eggs.

Utility and Use Cases of HONEY

HONEY tokens are integral to the DegenHive ecosystem with four primary uses:

  1. Liquidity Incentives: HONEY tokens incentivize liquidity providers to contribute to pools, facilitating token distribution to the community post-launch.

  2. Health Enhancement: By locking HONEY with dragon-bees, users can boost their dragon-bees' health points and earn additional HONEY as rewards.

  3. Governance Participation: Users can employ the health points of their dragon-bees to participate in and influence the allocation of HONEY emissions across AMM pools.

  4. Value Assurance: Dragon-bees can secure a minimum value claimable by their owners, achievable through sending the dragon-bee to the Hidden World.

PreviousHIVE == EnergyNextDragon Trainer

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