Categories
KSM

What is the HKO token used for?

parachain on the Kusama blockchain. Heiko is the sister network to Parallel

What is HKO Token?

HKO is the native and utility token of the Heiko Parachain.

What is HKO token used for?

  • Fees on the network
  • Governance
  • Incentivize network operators
  • Incentivize users
  • Burn

What is Heiko?

Heiko is a lending protocol with liquid staking and a parachain on the Kusama blockchain. Heiko is the sister network to Parallel (PARA) which will be launched on Polkadot.

How does Heiko work?

Validators stake KSM to be nominated as validators to earn transaction fees and rewards from the network.

Validators receive xKSM which can be used and transferred.

Validators are assessed on several factors including reputation, comission rate, nomination amount and more.

xKSM

  • Lenders earn interest on xKSM
  • Borrowers will be able to get loans against their KSM denominated in stable coins without selling their KSM.

Tokenomics HKO token

Total supply: 1 000 000 000

Token issuance:

  • Liquidity mining – 35%
  • Team, advisors – 20%
  • Investors – 15%
  • Ecosystem – 15%
  • Insurance – 5%
  • Crowdloans – 5%
  • Seed investors – 5%

Crowdloan

Heiko crowdloan has finished and a parachain has been secured on Kusama.

Estimated 1 KSM = 200 HKO.

  • Rewards = total HKO rewards / total KSM contribution

During Q4 participants will be able to start claiming their HKO rewards. These will be vested for 1 year.

Docs

Similar projects

Crypto Taxes

Yeetfi uses Koinly (affiliate) for taxes on crypto. We tried several services and Koinly was the only one that actually worked.