HXAcoin - The native utility token of the Herencia Artifex platform, represents a promising future in the cryptocurrency landscape.

gomes1 (28)in #hxacoin • 9 months ago

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Introduction.

More and more people are paying attention to NFTs and there will definitely be more in the future, The crypto market is increasing in 2023–2024, the value of NFTs has room to grow several times that of the larger Crypto market.

Digitization is enabling richer forms of artistic expression, and the rise of NFTs and related eco-friendly products is solving the problem of digital art ownership and helping art creators better to turn a profit. As the digital world merges with the real world, the penetration of digital art into human society will become ever more widespread, creating a huge new market for collectibles and luxury consumer goods.

Herencia Artifex is an NFT platform, which aims to push the boundaries of art. The project name Herencia Artifex, is Latin for "legacy" and "artist". This leverages NFTs to enrich artists' work, as well as deepen collaborations across various artistic fields. The project vision does not end here. It aims to establish partnerships with well-known goods brands, giving users exclusive access to private clothing sales.

For all NFTs and exclusive access to private sales, the HXA token is the foundation. It has five main utilities, including staking, governance and voting, exclusive access to private sales, tradable assets, and engagement incentives. HXAcoin, the native utility token of the Herencia Artifex platform, designed to provide users with a number of exclusive benefits, rewards and opportunities for engagement.

What is HXAcoin?

HXAcoin is set to revolutionize the way users interact with the platform, offering various features such as staking programs, collaborations with real-world brands, and a user-tier level system. In this article, we will explore the HXAcoin token in depth, examine its tokenomics, main features, and the promising roadmap for the future of Herencia Artifex.

HXAcoin is a decentralized digital currency that operates on blockchain technology, similar to other cryptocurrencies like Bitcoin and Ethereum. What sets HXAcoin apart is its focus on scalability, security, and energy efficiency. The development team behind HXAcoin has worked tirelessly to create a system that ensures fast and cost-effective transactions, making it a viable option for both individual users and businesses.

Utility of HXAcoin Token

The Herencia token is the native utility token of the Herencia platform.

*The main features:"

Staking program
Collaboration with real-world items Brands
User-Tier levels system

Herencia token serves multiple purposes, including but not limited to:

Staking and Rewards: The HXA token can offer a staking mechanism where token holders can lock or stake their tokens on the platform. By staking HXA tokens, participants can earn rewards in the form of additional tokens, discounts on purchases, or access to exclusive features and events.
Governance and Voting: HXA token holders may have governance rights within the platform, allowing them to participate in decision-making processes. They can vote on proposals, such as new clothing brand partnerships, platform upgrades, or changes to token economics. This gives token holders a voice in shaping the direction of the project.
Loyalty and Rewards Program: The HXA token can be used as part of a loyalty and rewards program. Token holders can earn rewards based on their engagement, purchases, or referrals, which can be redeemed for discounts, special privileges, or unique experiences within the real-items ecosystem.
Exclusive Access and Benefits: Holding HXA tokens can grant users exclusive access to events, experiences, or collaborations with real items brands. Token holders may receive priority access to new releases, early access to sales, or invitations to exclusive item presentation shows or brand events.
Tradable Asset: The HXA token can be traded on cryptocurrency exchanges, allowing token holders to buy, sell, or trade their tokens with other users. This provides liquidity and the potential for token value appreciation based on market demand.
Incentives for Engagement: HXA tokens can incentivize user engagement within the platform and the broader community. Active participation, such as referring new users, creating content, or contributing to discussions, can be rewarded with HXA tokens, fostering a vibrant and engaged community.

Key Features:

Staking Program: Herencia Artifex implements a decentralized application that allows users to stake their HXA tokens for a specified period. By locking their tokens, participants can earn rewards in the form of Herencia Points (HP). The longer and more tokens a user stakes, the greater the HP rewards they receive. This mechanism encourages users to hold and stake their HXA tokens, enhancing the overall stability and engagement within the platform.

Collaboration with Real-World Brands: Herencia Artifex has formed strategic partnerships with real-world brands, opening the doors to private sales of exclusive items. Through the tiered staking system, users gain access to these private sales and unlock additional benefits based on their tier status. This integration of real-world brands brings a novel dimension to the platform, creating exciting opportunities for both users and partner brands.

User-Tier Levels System: The user-tier levels system is a unique feature that provides varying degrees of access and privileges based on a user’s staking activity and the number of HXA tokens they hold. This tiered approach incentivizes users to increase their participation and stake higher amounts of HXA tokens to climb the ranks and unlock exclusive benefits.

Governance and Voting: As a utility token, HXAcoin plays a vital role in the governance of the Herencia Artifex platform. Token holders have the power to participate in voting processes, helping shape the platform’s future developments, updates, and major decisions. This democratic approach ensures that the community’s voice is heard, fostering a sense of ownership among users.

Loyalty and Rewards Program: Loyalty is rewarded on the Herencia Artifex platform through various incentive programs. Active and engaged users can earn additional rewards and benefits, further enhancing their experience within the ecosystem.

Tradable Asset: Apart from its utility within the platform, HXAcoin is also a tradable asset, allowing users to trade it on various cryptocurrency exchanges. This feature grants users the flexibility to manage their holdings and leverage market opportunities outside the platform.

Allocation Breakdown:

Presales (20%): 100,000,000,000 HXA tokens are allocated for presales, with 5,000,000,000 tokens made available during the TGE (Token Generation Event). The remaining tokens are subject to a vesting period of 10–20 months with a linear unlock, depending on the round.

Staking (10%): 50,000,000,000 HXA tokens are dedicated to the staking program, allowing users to earn rewards by locking their tokens for a specific period.

Bounty (5%): 25,000,000,000 HXA tokens are reserved for bounty programs, encouraging community engagement and participation.

Ecosystem Development (15%): 75,000,000,000 HXA tokens are allocated to support the growth and development of the Herencia Artifex ecosystem. These tokens are subject to a vesting period of 48 months with a linear unlock.

Partnerships and Growth (25%): 125,000,000,000 HXA tokens are dedicated to forming partnerships and fueling the expansion of the platform. These tokens are subject to a vesting period of 36 months with a linear unlock.

Team (10%): 50,000,000,000 HXA tokens are allocated for the team, with a 6-month lock followed by a 96-month linear unlock period.

Marketing (10%): 50,000,000,000 HXA tokens are designated for marketing efforts, with a linear unlock period of 20 months.

Liquidity (5%): 25,000,000,000 HXA tokens are set aside to ensure liquidity within the platform.

Insummary

For all NFTs and exclusive access to private sales, the HXA token is the foundation. HXAcoin, the native utility token of the Herencia Artifex platform, represents a promising future in the cryptocurrency landscape.

With well-defined tokenomics, staking programs, collaboration with real-world brands, and a user-grade level system, HXAcoin offers users an engaging and rewarding experience. As the platform continues to evolve and expand its features, HXAcoin's potential impact on the blockchain industry looks bright, cementing its position as an important player in the on-demand token economy.

🪙 #CoinW New Listing Announcement! @HXAcoin

💲 CoinW New Listing $HXA💸

📣 CoinW will list $HXA and open the HXA/USDT trading pairs on Innovation Zone on 7/25/2023 9:00 (UTC).

☑️ @HerenciaArtifex $HXA coin is the native utility token of the Herencia Artifex project - a revolutionary NFT project that aims to bridge the gap between real-world items and blockchain technology.

💲Deposit: 7/24/2023 11:00 (UTC)
💲Trading: 7/25/2023 09:00 (UTC)
💲Withdraw: 7/26/2023 11:00 (UTC)

🌐➡️ More details: https://coinw.zendesk.com/hc/en-us/articles/210088228272890

#HXA #Herencia #minigame #NFT