We're glad to see $HLO price bouncing back after the tokenomics adjustment.
Thanks, @cz_binance ๐
Since a lot of users don't fully understand how it works, let's see what will happen when the first token unlock is triggered.
๐ช๐
There will be 1% $HLO unlocked (about 18M) after the 30-day average price hits 0.007.
42% will be allocated to the community.
15% will be allocated to investors.
12% will be allocated to team members.
The remaining 31% will be locked and supervised by team and governance members.
About $26,195 worth of $HLO (3.74M) will be allocated to staking users.
About $21,432 worth of $HLO (3.06M) will be allocated to social mining users, including Epoch rewards and special rewards for HIB and Bounty Q&A.
All the rewards will be 2x higher at the second unlock.
Users who have claimed the TGE airdrop are also eligible to claim after unlocking.
If you're not on the Sybil list, you can share 6% of the total unlocked $HLO (1.13M).
4% is for TGE airdrop users, and 2% is exclusively for HGP holders.
It will be doubled the next time unlock.
We are developing features that will allow you to check the rewards in real-time.
It may take some time, and you can check the detailed allocation rules here ๐
๐ https://t.co/PnBpO008MB
[๐ข ANNOUNCEMENT] Weโve made the difficult decision to adjust our business operations as we explore the next phase of our journey. Thank you to everyone who believed in us.
More details here:
https://t.co/ozyTbPqfyd
GM Haloers! As promised, weโve completed a special buyback of 1.63M $HLO.
Read our announcement for the details of๐
๐Return rewards
๐Staking pool rewards
๐Buyback tx
๐Blacklisted addresses
๐ https://t.co/fKgAe4mjTF
RT for those who are waiting for MOVEDROP with us.
The $HLO migration to Movement is slightly delayed, but we will try to be the first to complete the bridge. ๐
Curiosity doesnโt kill. It PAYS. ๐ธ๐ฑ
#BountyQA is now live on the @movementlabsxyz mainnet!
Itโs not the normie Q&A you've seen - itโs a social game where everyone can earn:
๐ก Ask juicy questions
๐ฌ Share killer answers
๐ Pay to peek (and hit the JACKPOT!)
Get curious. Get paid! ๐ค
๐จ $HLO TGE Airdrop Exploit Update
Recently, a bug was exploited to claim 1.63M $HLO, causing a ~9% price dip.
The issue was fixed within an hour, and no further exploitation is possible.
Here are our next steps:
๐ข Return of the exploited tokens by Mar 25 is highly encouraged.
๐ข Return by Mar 21 = 20% reward (paid later from our Marketing allocation).
๐ข Known malicious wallets will be blacklisted permanently.
๐ข Weโre buying back 1.63M $HLO from the market this week to protect holders' benefits.
Full announcement:
๐ https://t.co/w75dDO6y4k
Your funds are safe. We appreciate your trust and support ๐
NOTICE:
We have identified that some users exploited a technical bug to claim the TGE airdrop and subsequently sold the tokens on exchanges.
This issue has been resolved, and no further tokens can be claimed through this method.
As these malicious actions have harmed the interests of the entire community and ecosystem, we will take action against those who profited from this exploit. Additionally, we will reward those who followed the rules and reported the issue to the team.
Please stay tuned for further details.
Following up on yesterday's announcement of the monthly $HLO burns, the burn of 19,377,536 $HLO (~$66,852) for March has been completed today. ๐ฅ
Tx hashes:
๐ HIB revenue burn:
https://t.co/PfLK7ZEErh
๐ HMP revenue burn:
https://t.co/omsRuioXDY
๐ 1% locked $HLO burn:
https://t.co/3abPIRaBBi
Deflation mode: ON โ