Question 1

What is HUNT?

Accepted Answer

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.

Question 2

How is HUNT Used?

Accepted Answer

**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.

Question 3

Who is Behind HUNT?

Accepted Answer

HUNT token was conceptualized and launched by YoungHwi Cho and Sebastian Kim.

Question 4

Additional Insights:

Accepted Answer

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.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	HUNT-KRW KRW-HUNT	upbit	B	114.00KRW	0.00%	237,323.23HUNT	115	114.00KRW	115.00KRW
2	HUNT-KRW HUNT_KRW	coinone	C	112.50KRW	0.00%	0HUNT	0	112.50KRW	112.50KRW
3	HUNT-KRW HUNT_KRW	bithumbkorea	-	113.00KRW	0.00%	2,037.98HUNT	8	113.00KRW	114.00KRW
4	HUNT-BTC BTC-HUNT	upbit	B	0.0₅1350BTC	0.00%	0HUNT	0	0.0₅1350BTC	0.0₅1350BTC
5	HUNT-KRW HUNT-KRW	gopax	D	395.00KRW	0.00%	0HUNT	0	395.00KRW	395.00KRW
6	HUNT-USDT HUNT_USDT	poloniex	C	0.007600USDT	0.00%	0HUNT	0	0.007600USDT	0.007600USDT
7	HUNT-USDT HUNTUSDT	hitbtc	E	0.001000USDT	0.00%	0HUNT	0	0.001000USDT	0.001000USDT