What Is Hamster Share? (HSHARE)
Hamster Share Money is Gamifi Tomb fork on the Fantom network. One of a kind protocol that incorporates an NFT based staking game that is backed by the tomb fork while also giving the peg token (HAM) a use case as the currency in the Hamster NFT marketplace. This mixed with many other mini games and we have our first Algo coin Arcade.
Hamster Share Coin strive to revolutionize the monotonous space by actually launching with a use case. The NFTs are high quality on chain SVN files that are randomly generated. The mixture of NFT games, seigniorage protocol, and cuteness will make any true defi head lost in the complexity of the system.
Important Points Table Of Hamster Share
| Basic | Points |
|---|---|
| Coin Name | Hamster Share |
| Short Name | HSHARE |
| Total Supply | 1,000,000,000 |
| Explorer | Click Here To View |
| Documentation | View Document |
| Website | Click Here To Visit |
How to Buy the HSHARE Coin & Trade On Exchange?
The Big Picture
The $HAM algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to Fantom Network. The protocol’s underlying mechanism dynamically adjusts $HAM’s supply, pushing its price up or down relative to the price of $FTM.Hamster.money is a multi-token protocol which consists of the following three tokens: –
Ham ($HAM).
Ham Shares ($HSHARE)
Ham Bonds ($HBOND).
What differentiates $HAM from other algorithmic tokens
Unlike previous algorithmic tokens, $HAM is not pegged to a stable coin— it is instead pegged to $FTM.
Why is this?
Hamster Share believes in the potential of Fantom Network, and has chosen to align its mission to both provide value to and derive value from $FTM’s future growth. In addition to existing and future use cases, $HAM aims to become the main medium of exchange on Fantom: this will be achieved by providing a mirrored, liquid asset to $FTM.
One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the Hamster team will maintain a focus on innovation around enhanced functionality and use cases.
Tokens
HAM – Ham Token
HAM token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain Ham’s peg to 1 FTM token in the long run.
HSHARE – Ham Shares
HAM Shares Coin (HSHARE) are one of the ways to measure the value of the HAM Protocol and shareholder trust in its ability to maintain HAM close to peg. During epoch expansions the protocol mints HAM and distributes it proportionally to all HSHARE holders who have staked their tokens in the Hamster Wheel (boardroom).
HSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the fHamster Money ecosystem.
HSHARE has a maximum total supply of 70000 tokens distributed as follows:
- 1.DAO Allocation: 5500 HSHARE vested linearly 12 months
- 2.Team Allocation: 5000 HSHARE vested linearly over 12 months
- 3.Remaining 59500 HSHARE are allocated for incentivizing Liquidity Providers in two shares pools for 12 months
HBOND – Ham Bonds
HAM Bonds (HBOND) main job is to help incentivize changes in HAM supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of HAM falls below 1 FTM, HBONDs are issued and can be bought with HAM at the current price. Exchanging HAM for HBOND burns HAM tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 FTM. These HBONDs can be redeemed for HAM when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for HAM when it is above peg, helping to push it back toward 1 FTM.
Hamsters and Owls
Based on the popular Wizards & Dragons which is a 100% on-chain, community-driven strategy game using collectible utility-focused NFTs. Hamsters vs Owls takes it to the next level by combining the familiar economy with the Hamster.Money algorithmic stablecoin $HAM.
Platform
Hamster Wheel (Boardroom)
- Epoch duration: 6 hours
- Deposits / Withdrawal of HSHARE into/from Hamster Wheel will lock HSHARE for 6 epochs and HAM rewards for 3 epochs.
- HAM rewards claim will lock staked HSHARE for 6 epochs and the next HAM rewards can only be claimed 3 epochs later
- Distribution of HAM during Expansion80% as Reward for Boardroom HSHARE Stakers 15% goes to DAO fund5% goes to DEV fund
- Epoch Expansion: Current expansion cap base on HAM supply, if there are bonds to be redeemed, 65% of minted HSHARE goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate