Hectagon
  • Introduction to Hectagon
    • Why does Hectagon exist?
    • Hectagon solution for retail investors
    • Hectagon solution for Web3 projects and partners
    • Who is building Hectagon
    • Investors
    • Advisors
  • HECTA
    • HECTA tokenomics
    • Use of HECTA token
    • How pHECTA and tHECTA works?
    • How gHecta works?
  • Projects and Partners
    • What value Hectagon bring to Projects?
    • How Project can apply?
  • Hectagon Product
    • Overview
    • Contracts
    • SmartContract Audit
    • User Manual
      • 1. Dashboard
      • 2. Invest
      • 3. Stake
      • 4. Profile
      • 5. Investment Portal
      • 6. Governance
      • 7. pHECTA holder
      • 8. Exit
      • 9. Redeem NFT
    • How the System works
      • System Overview
      • Everything about HECTA
      • Investment Portal
      • Rewards System
  • Ecosystem
    • Hectagon Tiger Tribe
    • Future Token
  • Legal
    • Terms of Service
    • Privacy Policy
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On this page
  • 1. Burn mechanism
  • 2. Governance power
  • 3. Token information
  1. HECTA

How pHECTA and tHECTA works?

A mechanism to balance the right to mint HECTA of investors & team and the stability of HECTA's tokenomics

1. Burn mechanism

pHECTA and tHECTA are 2 tokens that rewards to investors (pHECTA) and team (tHECTA).

There are maximum of 50,000,000 pHECTA and 50,000,000 tHECTA in circulation. Each pHECTA or tHECTA can only be burnt to mint a HECTA if the following conditions are met:

  • pHECTA/tHECTA owner must transfer 01 BUSD to the treasury for each newly minted HECTA.

  • There are less than 10% of circulating HECTA had been minted through pHECTA.

  • There are less than 5% of circulating HECTA had been minted through tHECTA.

Put simply, investors and team must commit to the vision of Hectagon until its total supply of HECTA reaches 500 million - 1 billion tokens.

2. Governance power

At 50 million tokens active. pHECTA holders collectively have 25% governance power of the DAO. As the network grows and pHECTA holders burn their pHECTA, the total governance power of pHECTA will dwindle and giving back the power to HECTA holders.

3. Token information

1/ pHECTA

  • Ticker: pHECTA

  • Contract: 0x33218297D315fC70E1520e292CA88348b648bf15

  • Chain: Binance Smart Chain (BSC)

2/ tHECTA

  • Ticker: tHECTA

  • Contract: 0x459F18859399e3178CE1E74F0c4a791eAEe13bEE

  • Chain: Binance Smart Chain (BSC)

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Last updated 2 years ago