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Long-term Token Accrual Value – through $HWK Utility and Token Burning
The Hawksight Token, $HWK, will serve multiple functions:
  1. 1.
    Fees earned from protocol will be allocated to $HWK staker rewards, treasury, and dedicated to $HWK Token Burning
  2. 2.
    Incentivize Investors to invest in top-performing vaults
  3. 3.
    Incentivize Creators to create top-performing vaults
  4. 4.
    Staking rewards for $HWK yield and discounts on vault fees
  5. 5.
    Hawksight Premium Features for Stakers
  6. 6.
    Facilitate decentralized governance
The native digital cryptographically-secured token of Hawksight ($HWK) is a transferable representation of attributed governance and utility functions specified in the protocol/code of Hawksight, and which is designed to be used solely as an interoperable utility token on the platform.
$HWK is a non-refundable functional utility token which will be used as the medium of exchange between users of Hawksight in a decentralized manner. $HWK will provide convenient and secure mode of payment and settlement between users who interact within the ecosystem on Hawksight, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $HWK does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $HWK entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. $HWK may only be utilized on Hawksight, and ownership of $HWK carries no rights, express or implied, other than the right to use $HWK as a means to enable usage of and interaction within Hawksight.
The main utility of $HWK is to function as the base platform currency to enable the continued operation of the Hawksight. $HWK is spent by users to pay for Entry/Exit fees to Hawksight strategies and vaults, or locked by Creators to reduce the share of management fees taken by the Hawksight.
Prescribing a fee payable in $HWK on top of the existing Hawksight fee structure ensures that the protocol can run smoothly, and that it can be maintained and upgraded over time.
With regards to decentralized governance, $HWK will allow holders of $HWK to propose and vote on on-chain governance proposals to determine future features of Hawksight (the right to vote is restricted solely to voting on features of Hawksight; it does not entitle $HWK holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, and does not constitute any equity interest in any of these entities, and the arrangement is not intended to be any form of joint venture or partnership).
$HWK also provides economic incentives which will be distributed to encourage users to contribute to and maintain the ecosystem of Hawksight, thereby nurturing a win-win scenario for every stakeholder. $HWK is an integral and indispensable part of Hawksight, because without $HWK, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Hawksight. Given that additional $HWK will be awarded to a user based only on its actual usage, activity and contribution on Hawksight, users of Hawksight and/or holders of $HWK which did not actively participate will not receive $HWK incentives.
Once governance is established, it is the community members who would maintain and drive development of Hawksight, so $HWK token incentives would need to be distributed to compensate them for their time, expertise and effort. Only users who have participated in submission of proposals, commenting, reviewing and/or voting will be entitled to receive $HWK token governance rewards.

Hawksight Protocol Fee

Hawksight Protocol will take a small cut from fees charged by Creators during the operation of Hawksight vaults as the Protocol Fees. These fees include:
  • Performance Fees - can be claimed by Creators when Hawksight make a profit against the benchmark during a fee crystallization period.
  • Vault Management Fees - can be claimed by Creators for an accounting period as a small percentage of all assets held by the vault.
  • Entry Fees - can be claimed by the Creator as a small part of every deposit to the vault, with a small base Entry Fee charged by the Hawksight Protocol directly in $HWK.
  • Exit Fees - can be claimed by the Creator as a small part of every withdrawal from the vault, with a small base Exit Fee charged by the Hawksight Protocol directly in $HWK.
Our aim is for the protocol to grow together with well performing vaults by taking a percentage of manager fees generated. All protocol fees will be held in the Long Term Reserve (LTR) Pool, to be allocated towards protocol maintenance and improvements

$HWK and Creator Fees

Creators can lock $HWK to their vaults to reduce the share of their vault fees shared with the Hawksight Protocol

$HWK Long Term Reserve Pool

All fees charged by Hawksight are held in the Long Term Reserve (LTR) Pool (held in $HWK).
The aim of the LTR Pool is to hold $HWK for the platform maintenance and development, pending establishment of decentralized governance for the protocol. Upon reaching viable governance, the users of Hawksight may allocate tokens towards initiatives to benefit the growth and development of the protocol and to incentivize active contributors.
Notwithstanding the $HWK distribution, users have no economic or legal right over or beneficial interest in the LTR Pool, assets of the Company, the Distributor, or any of their affiliates after the token distribution.

Future Utility

We plan to expand the use and utility of $HWK over time via protocol upgrades. Our aim is to positively incentivize the usage of the token and to match its health and growth to the health and growth of the platform itself.
Last modified 23d ago
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