HILO Token Main Utilities
HILO Token Main Utilities
The HILO token is designed to be the backbone of a fully decentralized and engaging prediction platform. Below are the primary utilities of the HILO token, categorized for clarity and ease of understanding.
1. Revenue Sharing & Staking
Staking Rewards: Users can stake their HILO tokens to earn rewards in both HILO tokens and stable tokens. This incentivizes long-term holding and active participation in the ecosystem.
Revenue Sharing: Stakers benefit from a share of the platform's revenue, providing a steady passive income stream and contributing to the system’s overall liquidity.
2. Decentralized Governance
Voting on Pools: HILO token holders can vote on which prediction pools and questions should be activated. To participate, users must lock their HILO tokens in the decentralized application (dApp), where they receive credits that enable voting rights.
Oracle System Integration: The Oracle system operates as a credit-based mechanism, ensuring a fair and functional governance structure. Here's how it works:
Earning Credits: Users receive a specific amount of credits for every HILO token they lock. The more tokens you lock and the longer the lock period, the more credits you earn. These credits are not a one-time use; they are replenished based on correct and accepted votes and pool creations.
Utilizing Credits: Credits can be used for voting on which pools should go live, voting on the results of predictions, and creating new pools.
Maintaining Credits: If users consistently vote correctly and create successful pools, they maintain or even increase their credits. However, consistently incorrect votes or rejected pools result in the loss of credits, which helps to maintain the integrity of the platform.
Healthy Governance System: This credit-based system discourages fake voting and spamming by penalizing users for incorrect or disruptive behavior. As a result, the platform remains healthy, functional, and truly decentralized, with power distributed fairly among its users.
Why Vote? Voting correctly and creating successful pools directly rewards users with stable USD, distributed through a formula that rewards accuracy and contribution. These rewards come from the platform's revenue and are allocated to contributors within the oracle system. This incentive encourages active and informed participation, ensuring the platform remains decentralized and governed by its users.
3. Pool Creation & Earning Potential
Create Prediction Pools: Users have the ability to create their own prediction pools by locking or spending HILO tokens. This function allows users to engage creatively with the platform and potentially earn from their pools.
Earning from Pools: Pool creators earn a share of the profits generated by participation in their pools, offering an additional incentive for creating attractive and popular pools.
4. Ranking & Cashback
Higher Ranks & Cashback: Users can improve their rank within the platform by giving away or locking HILO tokens. A higher rank results in better cashback offers and higher returns on successful predictions.
Premium Features: By locking or spending tokens, users can unlock premium features, such as increased prediction limits or exclusive access to specialized pools, enhancing their overall experience.
5. Achievements & Features
Token-Based Achievements: Specific achievements on the platform require users to lock or spend HILO tokens. These achievements unlock additional rewards and grant recognition within the community.
Exclusive Features for Premium Users: Premium users who commit more tokens gain access to exclusive features, including personalized prediction insights and advanced analytical tools.
6. Affiliate Program
Affiliate Link Access: To participate in the affiliate program, users must give away a certain amount of HILO tokens to obtain an affiliate link. This link allows them to introduce new users to the platform, who benefit from a 100% deposit bonus.
Earning Through Affiliates: Affiliates earn a percentage of the predictions made by users they bring in, providing a significant incentive to expand the platform’s user base.
The HILO token utilities are designed to create a robust, healthy ecosystem that is fully decentralized and driven by user participation. By integrating various utilities, including staking, governance, ranking, and more, the HILO platform offers a dynamic and rewarding experience for all users. Please note: These utilities might change, and some mechanisms may be adjusted, removed, or new ones added. The HILO token will play a significant role in our system, and we will continuously update it to align with market trends and the evolving needs of the ecosystem and its users.
Last updated