FAQ ☝️
What is HotPotato?
HP is a malleable base-money. The total amount of HP is determined by the community. For example, if there are n token-holding addresses, the total amount of HP will be n*100. Besides, the increased 100 tokens after adding a new token-holding address will be proportionally distributed to all token holders.
When is HotPotato presale?
It will be soon. Please pay attention to our official announcement on Twitter.
How community members gain their benefits?
They can gain benefits from increased token price and token amount, the prize of Hot One and daily Lucky One, and dividend from Staking Pool. It is worth noting that holding the token and stand also will benefit the community member since HP community will become larger and develop different module application scenarios.
What are the rules of HotPotato presale?
Unlike other projects, the initial pricing of HP is also determined by the community based on the total amount of tokens and BNB raised and the number of presale addresses.
The presale price will be 20% off the initial price of BSC. For example, if 150 addresses participated in the presale and 450 BNB was raised, then 15,000 HP will be minted before being listed on BSC, of which 7,500 HP will be distributed proportionally to all address participating in the presale and for the remaining 7,500 HP will be used for bounty pool. For the bounty pool, 1500 HP will be allocated into the incentive bounty pool, 6000 HP and 450 BNB will be allocated into the liquidity pool.
What is a malleable base-money?
HP's malleability is reflected in the following two aspects:
The malleability of token's amount: real-time issuance or deflation, the number of tokens changes frequently.
The malleability of token's ecosystem: HP is a completely communalized base money, its primary principle is to realize fairness, justice and decentralization. Since HP needs to have rich application scenarios to reflect its value attributes, HP will develop stable coin, NFT and DAO modules in the follow-up development plan.
What are HP's innovations?
HP's innovations can be reflected from its definition explanation: one is the token's generation and distribution mechanism, the other is its modular development plan.
What is the maximum supply of HotPotato?
HP (HotPotato) is a malleable base-money. It coexists with the community and adjusts its supply based on the number of effective holding addresses. This is no maximum number predecided.
What is the token allocation?
· Total circulation: Holding addresses*100 (the token amount is changing according to holding addresses)
· Initial token amount: 160*100=16,000(the final token amount will be ensured based on the actual number of investors in the presale)
· Initial liquidity pool= Fundraising BNB: 40% of the total tokens, locked in liquidity pool for half-year
· Burning rate: 3%
· 0.5% for team
· 2.5% for reward pool（30% for Staking Pool，40% for Hot One，20% for Recycle Pool，10% for Lucky One）
What is the "Rebase mechanism"?
The number of HP owned by the holder changes with the total number of effective token-holding addresses, and the holder's token number is automatically rebased.
Tokens are automatically rebased along with the number of addresses of the holders of the token. When the number of HP holding addresses changes, the system will also rebase the number of tokens for each holder accordingly, therefore the number of HP which the user holds is not a constant. The specific mechanism is as follows:
In the HP system, the total circulation is n*100( n is the number of valid currency holding addresses). For every additional HP-holding address, the system will issue an additional 100 HP tokens. But the daily increase of tokens is divided into two stages of rebase:
Stage 1: When the number of addresses increased daily accounts for less than 5% of the initial number of addresses held in the day, additional tokens will be issued according to the number of addresses increased *100, and rebase to all addresses in proportion.
Stage 2: When the number of additional addresses exceeds 5%, additional tokens will still be issued according to the number of addresses exceeded 5%* 100, and all will be rebase to the Hot One.
Similarly, every reduction of one HP-holder address will reduce 100 tokens in the system. The daily reduction of tokens is divided into two stages of rebase:
Stage 1: When the number of addresses reduced daily accounts for less than 5% of the initial number of addresses held in the day, tokens will be reduced according to the number of reduced addresses*100, and rebase to all addresses in proportion.
Stage 2: When the number of addresses is reduced beyond 5%, tokens will still be reduced according to the number of addresses exceeded 5%* 100, and all will be rebase to the Hot One. Now the reduction of the number of addresses will only cause the decreased number of tokens in the Hot One. If the prize pool is full of BNB but no HP, or if the HP in the prize pool is not enough to deflate, then all HP currency holders will be deflated proportionally.
Who can trigger a rebase?
Every HP holder.
Once a rebase is activated by changing the number of holding addresses, it will affect all wallet balances.
How to ensure security if I invest in HP?
HotPotato founders are Geek and enthusiasts of rebase mechanism. You could count on HoyPotato for three reasons:
The project is totally running on smart contract;
Our assets will be locked for half a year;
Project code will be open source after we launch online.
Where can I see the detailed introduction of HotPotato?
Website: www.Hotpotato.one.
Twitter: https://twitter.com/HotPotato_DeFi
Telegram: https://t.me/Hotpotatoglobal
Medium: https://Hotpotatoblockchain.medium.com/
Onepager: https://Hotpotatoblockchain.medium.com/Hot-potato-onpager-fcb39512ecc5
What is HP's future developing plan?
As is shown on our official website, the idea for these three and more modules (stable coin, NFT, and DAO) is already in place, but the final shape of HP will be entirely up to the community.
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