Project: HARD Protocol
HARD Protocol is a cross-chain money market for digital assets that aims to provide the ability to lend, borrow, and earn with a wide variety of assets including BTC, XRP, BNB, BUSD, KAVA, USDX, and others.
The platform is built on the interoperable Kava blockchain that provides cross-chain bridges, Chainlink oracles, security from the Tendermint consensus mechanism, and other infrastructure designed as a foundation for DeFi applications and services.
Core to the HARD Protocol is the HARD token, a governance token that enables holders to have a say in the on-going management and evolution of the platform. The HARD token is used for platform governance voting, as a reward for lenders and borrowers and for KAVA token stakers on the platform.
Maximum Supply: 200,000,000 HARD
Total Supply at Genesis: 80,000,000 HARD
Initial Circulating Supply: 29,200,000 HARD
Official Website: https://hard.kava.io
Blockchain Explorer: https://www.mintscan.io/kava
Binance Launchpool - 6,000,000 HARD, 7.5% of Total Supply at Genesis
Ecosystem - 3,200,000 HARD, 4.0% of Total Supply at Genesis
Team - 20,000,000 HARD, 25% of Total Supply at Genesis
Treasury - 50,800,000 HARD, 63.5% of Total Supply at Genesis
Besides, a total of 120,000,000 HARD inflationary rewards will be minted to incentivize adoption of protocol, including 80,000,000 HARD being reserved as liquidity mining rewards and 40,000,000 HARD being reserved for KAVA stakers.
Token Vesting Schedule
Binance Launchpool: 100% fully unlocked
Ecosystem: 2,400,000 HARD unlock upfront, remaining to be unlocked after 6 months
Team: 6,666,667 HARD unlock after 12 months, remaining to be unlcoked every quarter for 2 years
Treasury - 15,800,000 HARD unlock upfront, remaining to be unlocked every quarter for 2 years
KAVA Staker rewards are released as follows:
-3,333,333 HARD each month for the first quarter
-1,666,667 HARD each month for the second quarter
-833,333 HARD each month for the remaining 30 months
Liquidity Mining rewards are released as follows: 1,666,667 HARD each month for 4 years