๐Ÿฏ HONEY Token
HONEY is the token that supports the Honeyland economy and can be traded on decentralized exchanges

What is HONEY?

HONEY ($HXD) is the token that supports the Honeyland economy. There will be a total supply of 1,000,000,000 (1 Billion) $HXD. HONEY can be earned through in-game activities and purchased or traded through our decentralized exchange (DEX). Players will use it to purchase the most useful items in the game and unique NFTs to strengthen their colony, to perform certain in-game actions such as breeding or reducing cooldown times, and can be spent during missions, activities, and games. Additionally, HONEY can be staked, allowing holders to earn more HONEY, have access to special missions, drops, and exclusive in-game activities, and have governance over the decisions and growth of the project.

Nectar

While HONEY is the token that supports the Honeyland economy, player rewards and most in-game transactions will take place with Nectar. Nectar is paired with HONEY at 250/1 and is the smallest unit of HONEY. As players are going on missions to earn HONEY it will actually be given in Nectar. This allows players to more easily earn and transact in the Honeyland ecosystem, similar to the relationship between US pennies and the US dollar. The supply of Nectar is determined by and paired to the supply of HONEY.

xHXD

xHXD is the reward that holders will earn for staking their HONEY. The stakerโ€™s xHXD balance will grow over time and when they decide to unstake their HONEY, their xHXD will be converted to HONEY.
Staking also comes with several other rewards and incentives for those who stake their HONEY.

HONEY Transactions

With every HONEY transaction, a percentage will be collected and portioned for the following allocations:
  • Some will be deposited into the bank and used to reward those who are staking HONEY
  • Some will be recycled back into the player rewards pool to ensure that as the number of players increases, the player rewards will also increase
  • Some will be used for the development and maintenance of Honeyland
  • Some will be locked in the treasury to ensure the strength and value of HONEY

Burn Mechanics

HONEY will be a deflationary token with a max supply of 1,000,000,000 $HXD. However, there will be burn mechanics built into Honeyland to ensure the health and value of HONEY. The following actions will cause HONEY tokens to be burned:
  • Breeding - players can use their Bees and HONEY to breed more Bees. While there are breeding limits and increased pricing as the Bees breed more, 50% of the HONEY spent by the player to breed will also be burned. These will ensure that as the Bee population grows, the HONEY supply is shrinking.
  • In-game Transactions - players will transact in several ways in Honeyland, such as commissions, entry fees, and the Honeyland marketplace to name a few. With each of these, there will be Honeyland fees associated with them. Up to 25% of the fees collected for these transactions will be locked in the treasury.
  • Special Burn Events - From time to time, Honeyland will incentivize players to burn their HONEY in exchange for access to special prizes and events.

Anti-whale Mechanics

Honeyland has implemented some anti-whale mechanics to promote the health and stability of HONEY while the ecosystem and community grow. The following are some of the anti-whale mechanics:
  • Daily $HXD Token Claim for Investors and Team - once the lockup period is over for investors and team, they will begin having access to claim their tokens daily. This will prevent a large supply from going into circulation at one time during the month, and will rather spread it out evenly over the month. This should prevent several large token dumps on the same day which could hurt the value of HONEY.
  • (Almost) Free to Play - Players will be required to purchase a Starter Pack for as little as $50 USD (paid in SOL) in order to play the core Honeyland missions with their own Bees. This nominal fee reduces barriers to entry for new players but also serves as an anti-bot mechanic. Players can play in Free to Play mode if they would like to use the Bee rental system instead of playing with their own Bees. (See Getting Started). It is important to note that all fees collected from Starter Packs will go back into Player Rewards to build a more sustainable reward system.
  • Locked Reward Emissions - Player rewards in the form of HONEY can be earned as soon as the player starts playing Honeyland, however, they will not immediately be available to spend or convert into other currencies until some time. This reduces the volatility of the token while more players are still joining the game.