$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.
The maximum token supply of $HAWK is capped at 5,000,000,000 tokens.
In particular, it is highlighted that $HAWK: (a) does not have any tangible or physical manifestation, and does not have any intrinsic value (nor does any person make any representation or give any commitment as to its value); (b) is non-refundable and cannot be exchanged for cash (or its equivalent value in any other digital asset) or any payment obligation by the Company, the Distributor or any of their respective affiliates; (c) does not represent or confer on the token holder any right of any form with respect to the Company, the Distributor (or any of their respective affiliates), or its revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or license rights), right to receive accounts, financial statements or other financial data, the right to requisition or participate in shareholder meetings, the right to nominate a director, or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to Hawksight, the Company, the Distributor and/or their service providers; (d) is not intended to represent any rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss; (e) is not intended to be a representation of money (including electronic money), security, commodity, bond, debt instrument, unit in a collective investment scheme or any other kind of financial instrument or investment; (f) is not a loan to the Company, the Distributor or any of their respective affiliates, is not intended to represent a debt owed by the Company, the Distributor or any of their respective affiliates, and there is no expectation of profit; and (g) does not provide the token holder with any ownership or other interest in the Company, the Distributor or any of their respective affiliates.
To the extent a secondary market or exchange for trading $HAWK does develop, it would be run and operated wholly independently of the Company, the Distributor, the distribution of $HAWK and Hawksight. Neither the Company nor the Distributor will create such secondary markets nor will either entity act as an exchange for $HAWK.
Name | % | Amount | Vesting Schedule | Wallet Address (SPL) |
---|---|---|---|---|
Fundraise (20%) | % | Vesting Schedule |
---|---|---|
Foundation (Incentives for product development & integration)
25%
1,250,000,000
(Strict lock-up, only for strategic initiatives)
7EXrrw7LhEEifeXAavgFLCdd6nNGhzYzrdQsiFu7aro1
Ecosystem Incentives (Incentives for user growth)
30%
1,500,000,000
(Strict lock-up, only for strategic initiatives)
BMZ8ynFP278X8tV313RbHNFzrQMs9G5M9MTuNnZNPLEc
Team & Contributors
25%
1,250,000,000
25% - after 2 year cliff
75% - 3 year linear vesting
6jrDmAupbMdprGSmb84oAHqpR9eqU7aKz7iX6GDN3B1N
Fundraise & Liquidity
20%
1,000,000,000
See Table below
4Nzj9oaFwygXz4hzwTNxSw6PycvqosLEHUpDJr72E7XR
Seed Round (with Solana Ventures)
13
5% unlocked at approx. TGE + 3 days
12-month cliff (locked), followed by 6 month 95% linear vesting
Public sale & Liquidity
1.2%
CEXes & DEX launch, for maximized trading volume & price action
Liquidity
1.8%
-
Reserves for Future Liquidity & Strategic Rounds
4%
-
Everything you need to know about earning yield on your $HAWK token
Stake $HAWK to earn yield on your $HAWK tokens. When you stake $HAWK, you receive xHAWK in exchange as a yield-bearing asset.
When you eventually unstake xHAWK, you are entitled to receive more $HAWK than you initially deposited. No rewards-claiming or additional steps required, simply stake your $HAWK and hold your xHAWK to earn more $HAWK!
Go to Hawksight staking page (https://staking.hawksight.co/)
2. Connect your wallet that holds $HAWK tokens
3. Input the amount of $HAWK tokens you want to stake and click “Stake”
4. Click "Approve", confirm the transaction in your wallet, and wait a few seconds. When you see the pop-up that’s it, you’re done! Congratulations, you are now earning yield on your $HAWK tokens!
Whats is xHAWK token? xHAWK token represents your $HAWK token staking claim in the staking vault.
How do I claim my token staking rewards? You can claim your token staking rewards by providing your xHAWK tokens and clicking ‘Unstake’. When you unstake your xHAWK, you will receive more $HAWK tokens than what you initially deposited.
Do I need to claim rewards everyday? You do not need to 'claim' your $HAWK token rewards every day. Token rewards will be accumulated automatically over time.
What is the equivalent of 1 xHAWK to HAWK? The equivalent of 1 xHAWK will be determined by a formula based on the prevailing APY rates for $HAWK yield. The equivalent xHAWK is always greater than 1 $HAWK.
Will there be a lock-up period for staking my $HAWK tokens, if so, how long? There will be no lock-up period, and you can unstake your $HAWK tokens anytime.
What are is minimum and maximum number of $HAWK tokens to stake? There is no minimum and maximum amount of $HAWK to stake.
How can I unstake my xHAWK? xHAWK tokens represent your $HAWK token staking claim in the staking vault, which can be used to unstake your $HAWK tokens and claim rewards. There is no unstaking option for xHAWK.
How much is the staking fee? Zero. There is no staking fee, you just need to pay for Solana network fees.
What will happen to xHAWK after I use it to unstake my $HAWK tokens? The xHAWK will be burned when you exchange them back and receive $HAWK tokens.
How can I calculate the APY? The price of xHAWK over a 365-day period is determined by the prevailing APY rate.
Can I use my Ledger for staking? Yes, you can use Ledger