HurricaneSwap, the next Avalaunch IDO
HurricaneSwap ($HCT) is a Cross-Chain liquidity DEX, native to the Avalanche blockchain. Using the Roke Protocol, users are able to use this new apparatus by completing cross-chain transactions on the blockchain.
In this post
HurricaneSwap Tokenomics
The following metrics illustrate the tokenomics behind the Hurricane Swap Token
- Fixed Total Supply – 2,000,000,000 HCT (based on ARC-20)
- Liquiditiy Mining [60%] -(1,200,000,000 HCT), emitting 1,000,000 tokens per day
- Marketing Budget [4%] – (80,000,000 HCT), utilized for media, branding, and community strategy
- HurricaneAlliance [10%] -(200,000,000 HCT), emitting 300,000 HCT per day having commenced from Roke Protocol’s launch
- Team [10%] – (200,000,000 HCT), allocated for the team with a 6-month vesting after the launch of Hurricane Swap
- Round A Investors [11%] – (220,000,000 HCT), allocated for Round A investors with a 3-month vesting after the launch of Hurricane Swap
- Round B Investors [4%] – (80,000,000 HCT), allocated for Round B investors with a 1 month vesting after the launch of Hurricane Swap
- IDO [1%] – (20,000,000 HCT), begins on October 4th, 2021.
Features
The HurricaneSwap protocol has four unique features:
- Decentralized – No centralized entity can control the protocol
- Secure– Using the Roke Protocol ensures guards against hackers by an LP-bridge, which makes it extremely difficult for hackers to exploit
- Efficiency – To conduct a cross-chain swap, it takes approximately fifteen seconds to process
- Fees – Per every cross-chain transaction made, a 2% fee is imposed(lowest in the entire market)
Metrics around Launch
Given HurricaneSwap’s IDO schedule, there are a few different sales to take note of.
- HurricaneSwap.com (September 26th @2PM UTC)- $100,000 allocation
- DuckStarter (September 26th @2PM UTC)- $100,000 allocation
- WeStarter (September 26th @2PM UTC)- $50,000 allocation
- Zb.com (September 26th @2PM UTC)- $20,000 allocation
- MEXC (September 26th @2PM UTC)- $80,000 allocation
Furthermore, let’s examine the AvaLaunch IDO in more detail.
- Registration began on September 27th, 2021, closes on October 2nd(6am UTC)
- No vesting schedule, already unlocked for the investor upon ending of AvaLaunch IDO
- Exclusive to Avalanche validators & $XAVA stakers ONLY
- Begins on October 4th 6AM UTC with an allocation of $250,000
