2nd Generation of $NHCT is coming!

The Initial Generation Stage

  1. The quota (the amount of HCT that can be burned) is equal to 30% of the total amount of sHCT locked by the user before the block height of 11071850.
  2. All the quotas will be available on Apr 10.
  3. After users burn HCT and mint NHCT, all their NHCT will be released immediately.
  4. Exchange ratio: burn 1 HCT to mint 1 NHCT
  5. The quota used in the initial generation stage cannot be used again in the 2nd generation stage.

The Discount Exchange Stage

  1. The quota is equal to 30% of the total amount of sHCT locked after block 11071850.
  2. The quota will be released in three phases; on the 0th, 90th, and 180th days after the lock-up, 33.3% of the quota will be released in each phase.
  3. After users burn HCT and mint NHCT, all their NHCT will be released immediately.
  4. The exchange ratio depends on the prices of HCT and NHCT. The amount of NHCT= the USD value of HCT burned / (NHCT price*0.7). NHCT price here is a time-weighted average price (TWAP).

***

NHCT time-weighted average price (TWAP)

How does locking sHCT again affect the locking period & the quota release schedule?

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
HurricaneSwap

HurricaneSwap

1st Cross-Chain Liquidity DEX based on Avalanche https://hurricaneswap.com/