BUDS STATS - 327% APY IN BUDS STAKING AND 14.69% APR FOR HP DELEGATION (Highest in HIVE)

almost 2 years ago

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Hey guys! The market have had a negative effect in the development funds of the HK team so we are asking for your help, if you have some spare minutes we invite to read our development DHF proposal🔥

We're already at 69% of the votes necessary to be funded! You can help us by sharing our proposal to your HIVE friends :) !!

BUDS General Tokenomics

- PRICE TODAY: 0.00020833 HIVE/BUDS

- TOTAL SUPPLY: 454244166.70658929

- CIRCULATING SUPPLY: 294138069.152

- EMISSION PER DAY: 1.6 MILLION BUDS

- DEFLATION RATE: -5% PER MONTH

- DEFLATION ACCUMULATED: -13%

Deflation, in this case, refers to how much less % of BUDS, the seeds production range is getting and is introduced on a monthly basis over the last range.

Deflation accumulated, is how much less % of BUDS are being produced in the range of the seeds compared to the first month in which deflation started.

Emission per day is the average of new BUDS created per day in the last week in the farming game.

Thanks to our emission system, only the land plots through the farming game can create new BUDS, and so this emission rate is limited to the number of land plots, the production range of their seeds, and their sprouting time.

BUDS SUPPLY DISTRIBUTION

Did you ever wonder how our beloved token is distributed in the ecosystem?

45.6% of the total supply is burned and staked which is a really good number, for example in the last week (6 days) almost 8 million BUDS joined the staking pool which doesn't stop growing since we launched it.

Last Burning event - 944K BUDS

HK features different ways to keep our tokenomics healthy and of them is our philosophy of burning all the BUDS that are spent over the HK ecosystem, and yeah! Who doesn't love to burn some BUDS, right?

BUDS STAKING REWARDS + HIGH APR

As you already know, the initial rewards for the staking are BUDS that are bought directly from the market (so isn't inflationary).

TOTAL HIVE IN REWARDS: 4692.22 HIVE
NEXT STAKING REWARDS: 223679 BUDS BUDS
TOTAL BUDS STAKED: 56084894.20 BUDS
APR IN BUDS BASED IN THE LAST REWARD: 145.57% APR
APY: 327.51%

Formula for APR = ((NEXT BUDS REWARDS / TOTAL BUDS STAKED) * 100 ) * 365

We can proudly say we have the highest non-inflationary staking APR and APY in HIVE

BUDS CURATION REWARDS STATS

After some days of testing our non-inflationary HP delegation system is working, and today will be the first distribution with the 2% rate.

Basically, 10% of the BUDS from the treasury will be sent to @hk-curation constantly, and daily 2% of all the BUDS in the @hk-curation will be dropped to all the HP delegators. All the curation rewards will go to the staking rewards increasing the APR.

HP delegated: 23,193.964 HP
Rewards BUDS pool: 2,250,347.33 BUDS
Today delegation APR: 14.69%

¿How to support HK development?

Considering the last downtrends of the market, this has affected us in our development funding, so we really appreciate every kind of help you can give us by supporting our work.

If you like how we are developing the Hashkings metaverse/ecosystem there are plenty ways in which you can give us a hand: