HXACOIN IS POWERING THE HERENCIA ARTIFEX ECOSYSTEM TO UNLOCK REAL-WORLD APPLICATION OF CRYPTOCURRENCY.
INTRODUCTION
The emergence of blockchain technology has brought about so many disruptive innovations in different areas of human endeavors. First in human history, we now see cross-border financial transactions being settled in hours and sometimes minutes or even seconds unlike the conventional payment system that take days. Other areas such as medicine, agriculture, entertainment and so on, have also felt the impact of this amazing technology. However, the potential of this technology is yet to be fully harnessed as we are yet to see mainstream adoption of cryptocurrency whereby access to and use of cryptocurrency will be safe, seamless, and preferable to fiat currency. In other words, there is still a disconnect between the real-world and the digital space where cryptocurrency occupy; this therefore require innovations and interventions that will bridge the gap. This is what inspired the launch of the Herencia Artifex project which is designed to provide good use case of cryptocurrency.
THE HERENCIA PLATFORM
Herencia Artifex has launched a blockchain and NFT platform that allow businesses leverage on the beauty of cryptocurrency to foster sales, provide use case and at the same time incentivize their users and customers. By partnering with notable brands in the real-world, Herencia Artifex will be establishing a pathway for real world adoption of cryptocurrency. At the heart of this project is their native cryptocurrency, HXAcoin which will serve both as a store of value and a medium of exchange within the Herencia platform. By adopting a tiered system, Herencia Artifex have proposed a model that will allow holders of their HXACOIN exclusive access to private sales of clothing with limited edition from their partnered brands.
HOW THE HERENCIA ARTIFEX TIER SYSTEM WORK
Users are required to stake a specific number of HXA tokens to gain access to the sales and achieve a corresponding tier status. The higher the tier, the earlier the access and the greater the potential benefits, such as limited-edition releases and discounts.
The system is designed to be fair and reward loyal participants. Users start at the Beginner level upon registration and staking of HXA tokens. To unlock higher levels and gain access to more exclusive collections, users need to earn a certain amount of Herencia Points (HP). The levels and corresponding HP requirements are as follows:
- Crypto items lovers: 10,000 HP, Access to bronze level collection
- Real items lovers: 20,000 HP, silver level collection
- Influencer: 50,000 HP, Gold level collection
- Ambassador: 100,000 HP, Platinum-level collections
- Items Boss: 200,000 HP, Diamond-level collections
- Visioner: 500,000 HP, VIP-Events
By staking HXA tokens and earning HP, users can unlock higher tiers and gain exclusive access to rare and limited-edition items. This system incentivizes users to participate and engage with the platform, while also building a sense of community among users.
OTHER USES OF THE HXACOIN
1. Staking and Rewards: HXAcoin token holders can stake their tokens on the platform to earn rewards in the form of additional tokens, discounts on purchases, or access to exclusive features and events. This incentivizes token holders to hold and stake HXA tokens, which increases demand and value.
2. Governance and Voting: HXAcoin token holders may have governance rights, allowing them to participate in decision-making processes within the platform. 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.
3. Loyalty and Rewards Program: HXAcoin tokens 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.
4. Exclusive Access and Benefits: Holding HXAcoin 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.
5. Tradable Asset: The HXAcoin 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.
6. Incentives for Engagement: HXAcoin 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.
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TOKENOMICS AND TOKEN ALLOCATION
Token name: HXAcoin
Token ticker: HXA
Total supply: 500 000 000 000
Max supply: 500 000 000 000 Contract address: 0x15C1Cab705B9Ddb9FfeeEa608eD8BaFcdd4c0396
Presale: 20%
Staking: 10%
Bounty: 5%
Ecosystem development: 15%
Partnership and growth: 25%
Team: 10%
Marketing: 10%
Liquidity: 5%
CONCLUSION
Herencia Artifex is once again demonstrating the beauty and possibilities of blockchain technology in the real world of business. The model proposed here will indeed see many businesses incorporate cryptocurrency in their operation as it offers unique flexibility and opportunities for all and sundry. Truly, via the Herencia platform, both crypto enthusiasts and fashion enthusiasts will be able to achieve their passion amidst endless benefits.
Useful links
Author Proof of authentication: https://bitcointalk.org/index.php?topic=5461068.msg62605163#msg62605163