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HUNT
About HUNT
HUNT token is the cornerstone of the Hunt Town ecosystem, utilizing the ERC20 protocol to simplify builder onboarding. Essential for minting HUNT Building NFTs, users lock-up 1,000 tokens for a year, lending tangible value to each NFT and regulating token circulation. Hunt Town offers diverse Web3 tools, with HUNT as the access currency, and promotes a fair-launch model for new platform collaborations. Founded by YoungHwi Cho and Sebastian Kim, its capped supply stands at 198,912,688 HUNT as of November 17, 2022. The Town Hall Contract, lacking upgradeability or admin functions, safeguards token processes. HUNT's adaptability extends to platforms like Nomadtask and Neverlose Money, emphasizing its multifaceted role in the crypto realm.
HUNT token is an integral cryptocurrency of the Hunt Town ecosystem, operating on the ERC20 protocol. Its primary purpose is to streamline the onboarding and bootstrapping processes for builders within the Hunt Town guild. The token is pivotal for a range of Web3 tools offered by the Hunt Town platform.
*HUNT Building NFTs:* HUNT is the main token utilized to mint the HUNT Building NFTs. To mint such an NFT, users need to lock-up 1,000 HUNT tokens for a year. Once minted, these tokens become integral to the NFT, effectively transferring the ownership of the locked tokens to the NFT's owner. This system offers a tangible value to each Building NFT and regulates the amount of HUNT tokens in circulation.
*Hunt Town Tools:* Hunt Town provides an assortment of Web3 tools tailored for its guild members, catering to both newcomers and expert builders. These tools span from no-code to low-code solutions. The HUNT token is essential for accessing and operating these tools, either as a direct application in tools or as a gateway token.
*Fair Launch Token:* When newly developed platforms wish to collaborate with the Hunt Town guild, they can adopt the fair-launch token model via the HUNT token, ensuring equitable access and a community-driven token distribution.