Herencia - HXAcoin Utility Token provides exclusive access to private sale of goods through a tiered betting system.





Intriduction

HXA coin is the native utility token of the Herencia Artifex project - a revolutionary NFT project that aims to bridge the gap between real-world items and blockchain technology. By leveraging NFTs and introducing the HXA coin, Herencia Artifex seeks to create an innovative ecosystem that enables exclusive access to private merchandise sales through a tiered staking system.

HXA coin is an ERC-20 compliant token, built on the Ethereum blockchain, renowned for its robust security features, processing power, and reliability. With a total supply of 500,000,000,000 HXA tokens, it offers a vast ecosystem with exciting possibilities for its holders.

The platform's native token is called HXA, which is an ERC-20 token. HXA serves several purposes within the Herencia Artifex ecosystem. First, users can stake HXA tokens to gain access to private sales of high-end clothing items from renowned brands. The more HXA tokens a user stakes, the higher their priority in the sales queue. This incentivizes users to hold and stake HXA tokens, which increases demand and value.

Second, HXA tokens are used to reward users for their engagement and loyalty. Users can earn HXA tokens by participating in the platform's community activities, such as referring new users, leaving product reviews, and sharing items on social media. This incentivizes users to engage with the platform, which creates a vibrant and active community.

Finally, HXA tokens can be used to purchase items on the Herencia Artifex platform. By using HXA tokens, users can enjoy discounts and other exclusive benefits, such as early access to new sales and limited edition items.

The Herencia Artifex platform and its HXA token aim to create a unique ecosystem that rewards users for their loyalty and engagement. By leveraging blockchain technology and NFTs, the platform provides users with exclusive access to private sales of high-end clothing items from renowned brands, while also creating a vibrant and active community.

Utility of HXAcoin Token

The Herencia token is the native utility token of the Herencia platform. 

The main features:
  • Staking program
  • Collaboration with real-world items Brands
  • User-Tier levels system
Herencia token serves multiple purposes, including but not limited to:

  1. Staking and Rewards: The HXA token can offer a staking mechanism where token holders can lock or stake their tokens on the platform. By staking HXA tokens, participants can earn rewards in the form of additional tokens, discounts on purchases, or access to exclusive features and events.
  2. Governance and Voting: HXA token holders may have governance rights within the platform, allowing them to participate in decision-making processes. 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: The HXA token 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 HXA 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 HXA 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: HXA 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.
Staking Mechanism

Herencia will implement a a decentralized application that provides users with an opportunity for earning rewards by locking their HXA tokens for a specified period. 
By staking HXA tokens, participants gain access to tier-level system which provide access for the private real-world items sales and unlock additional benefits based on their tier status.

Staking Rewards

Staking HXA tokens on the platform entitles users to receive staking rewards.
These rewards will be distributed periodically, incentivizing participants to hold and stake their tokens within the ecosystem.
For staking HXA tokens user get the Herencia Points (HP) as a reward.
The more HXA tokens and longer user stakes - the more HP he will get:
  1. Lock period: [4 weeks : 52 weeks] - the minimal and maximum periods of the staking
  2. Lock period Multiplayer: [1x : 5,2x] - the multiplayer to get HP reward depends on period of staking
HXA token is the native utility token of the Herencia Artifex platform and is compliant with the ERC-20 token standard for the Ethereum chain with mature security performance, processing power, and various durability features.


Tokenomics

The initial supply of HXA tokens will be generated through a fair and transparent distribution process, which includes a public token sale and allocations for strategic partners, team members, and community incentives.
The total supply will be capped on 500 000 000 000 HXA tokens to ensure scarcity and value appreciation.

Conclusion

The Herencia Artifex platform uses the HXA token as its native utility token, which offers several benefits to users, including staking for access to private sales, collaboration with real-world item brands, and a user-tier levels system based on engagement and loyalty. The HXAcoin token offers additional utilities, such as staking and rewards, governance and voting, loyalty and rewards programs, exclusive access and benefits, tradability, and incentives for engagement.

The platform also has a tiered access system for exclusive sales, which requires users to stake HXA tokens and earn Herencia Points to unlock higher tiers and gain access to rare and limited-edition items. As HXAcoin continues to forge strategic partnerships and expand its ecosystem, early investors can position themselves for substantial long-term growth and a front seat for the future of fashion and DeFi.

#HXA #Herencia #minigame #NFT

You will be Connected with the Herencia developers, via the official link below:
Author
Forum username: Grendy
Telegram: @grendy2
Coinsbit registration Email: grendyfadli@gmail.com