Economics of the HashMix token

The HashMix HSM token is the core element supporting the normal operation of the HashMix protocol.

HashMix uses the HSM to ensure that miners, NFT holders, mining equipment owners, computing power borrowers and other parties cooperate with each other.

HSM distribution

The maximum amount of HSMs is 1 billion tokens, which will be used to incentivize all participants in the ecosystem.

40% of HSM tokens will be generated during the mining process and used to reward miners who maintain normal computing power and other market participants.

26.7% of HSM will be set aside by the HashMix Foundation as a long-term incentive, and detailed use will be determined by the entire HashMix ecosystem .

33.3% of HSM is allocated to other participants who contribute to the protocol and project development, such as development teams, investors, communities, media and exchanges. The detailed allocation ratio is shown in the figure:

The remaining tokens are distributed as follows

HashMix team 15%. Blocked for one year, then unblocked for 3 years. This portion will be used to ensure the long-term development of the project.

Seed round (The first round of investment) 3.3% . Blocked for 6 months, then unblocked 10%, the remaining 90% will be accrued over 360 days, starting from the 8th month.

Private round (Second investment round) 1–8%. Blocked for 6 months, then unblocked 10%, the remaining 90% will be transferred over 360 days, starting from the 8th month.

Private round (the third round of investment) 2–1%. Blocking for 3 months, then for 360 days, starting from the 4th month.

Developers and Communities 6% . Will be used to reward active community members and developers for 4 years.