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
- Incentivize network operators
- Incentivize users
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.
- 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
- Liquidity mining – 35%
- Team, advisors – 20%
- Investors – 15%
- Ecosystem – 15%
- Insurance – 5%
- Crowdloans – 5%
- Seed investors – 5%
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.