HUNT
HUNT
$0.07923
2.01%
HUNT
HUNT
$0.07923
2.01%
HUNT Price Converter
HUNT Information
HUNT Markets
About HUNT
HUNT token is the cornerstone of the Hunt Town ecosystem, utilizing the ERC20 protocol to simplify builder onboarding. Essential for minting HUNT Building NFTs, users lock-up 1,000 tokens for a year, lending tangible value to each NFT and regulating token circulation. Hunt Town offers diverse Web3 tools, with HUNT as the access currency, and promotes a fair-launch model for new platform collaborations. Founded by YoungHwi Cho and Sebastian Kim, its capped supply stands at 198,912,688 HUNT as of November 17, 2022. The Town Hall Contract, lacking upgradeability or admin functions, safeguards token processes. HUNT's adaptability extends to platforms like Nomadtask and Neverlose Money, emphasizing its multifaceted role in the crypto realm.
HUNT token is an integral cryptocurrency of the Hunt Town ecosystem, operating on the ERC20 protocol. Its primary purpose is to streamline the onboarding and bootstrapping processes for builders within the Hunt Town guild. The token is pivotal for a range of Web3 tools offered by the Hunt Town platform.
HUNT Building NFTs: HUNT is the main token utilized to mint the HUNT Building NFTs. To mint such an NFT, users need to lock-up 1,000 HUNT tokens for a year. Once minted, these tokens become integral to the NFT, effectively transferring the ownership of the locked tokens to the NFT's owner. This system offers a tangible value to each Building NFT and regulates the amount of HUNT tokens in circulation.
Hunt Town Tools: Hunt Town provides an assortment of Web3 tools tailored for its guild members, catering to both newcomers and expert builders. These tools span from no-code to low-code solutions. The HUNT token is essential for accessing and operating these tools, either as a direct application in tools or as a gateway token.
Fair Launch Token: When newly developed platforms wish to collaborate with the Hunt Town guild, they can adopt the fair-launch token model via the HUNT token, ensuring equitable access and a community-driven token distribution.
HUNT token was conceptualized and launched by YoungHwi Cho and Sebastian Kim.
The Town Hall Contract is paramount in overseeing the minting, locking-up, and burning of HUNT tokens and Building NFTs. This contract prioritizes security and transparency. Remarkably, it is devoid of upgradeability or administrative capabilities, ensuring that the locked tokens remain secure from unsanctioned access. For reference, the Town Hall Contract's address is 0xdC5c31B0e0cA00FbC9e2C506414e50a8Cd6D605C.
As of November 17, 2022, the total supply of HUNT tokens is capped at 198,912,688 HUNT. Given that 1,000 HUNT tokens are required to mint a Building NFT, a maximum of 198,912 Building NFTs can be minted. This system underscores the intrinsic value of each Building NFT while balancing the ratio of circulating tokens to locked tokens.
HUNT token has been successfully integrated into other platforms like Nomadtask (an on-demand task marketplace) and Neverlose Money (a HODL protocol with gamified elements). Its diverse roles span from being a principal currency, a reward mechanism, to a value reserve on these platforms.
For instance, Mint Club embraced the fair-launch model using HUNT tokens, highlighting the adaptability and potential of HUNT in community-centric protocols.
