🪙$HAWK Accrual Value & Utility

$HAWK token's accrual value will be primarily driven by token buybacks fueled by Hawksight protocol fees, in order to align with the long-term sustainable growth of Hawksight's DeFi app together with value creation for $HAWK tokens.

$HAWK token utility will expand as Hawksight progressively decentralizes. In subsequent phases after $HAWK token accrual value is established, we will experiment on more $HAWK utilities such as decentralized governance, incentives, and product & growth initiatives to grow the Hawksight & $HAWK ecosystem.

---

The native digital cryptographically-secured token of Hawksight ($HAWK) 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.

$HAWK is a non-refundable functional utility token which will be used as the medium of exchange between users of Hawksight in a decentralized manner. $HAWK 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. $HAWK 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 $HAWK 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. $HAWK may only be utilized on Hawksight, and ownership of $HAWK carries no rights, express or implied, other than the right to use $HAWK as a means to enable usage of and interaction within Hawksight.

With regards to decentralized governance, $HAWK will allow holders of $HAWK 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 $HAWK 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).

$HAWK 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. $HAWK is an integral and indispensable part of Hawksight, because without $HAWK, 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 $HAWK will be awarded to a user based only on its actual usage, activity and contribution on Hawksight, users of Hawksight and/or holders of $HAWK which did not actively participate will not receive $HAWK incentives.

Once governance is established, it is the community members who would maintain and drive development of Hawksight, so $HAWK 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 $HAWK token governance rewards.