HY (Naruto) is a decentralized deflationary currency based on the Huobi Ecosystem Chain, and its also the sole token of the HYSWAP decentralized exchange platform. The liquidity mining pool is locked, and every transfer transaction incurs a 5% tax (3% goes back to the liquidity mining pool, 1% is burned, and 1% is distributed among all holders), making it fully community-governed.
The various cartoon characters from Naruto will form a community, with each representative needing to use HY for voting. Our vision is to establish HY as the exclusive in-universe currency. In the future, HY can be used to purchase, trade, or acquire desired items, characters, spells, and even resurrection, all of which require significant amounts of HY. Various methods such as burning tokens, token dividends, and community airdrops will ensure that more anime enthusiasts hold HY.
HY is a native functional token with the following use cases:
Governance: HY token holders can vote on governance decisions, including the use of funds in the pool and allocation of network resources.
Protocol incentives: Users can earn HY tokens as rewards when sending or receiving data within the Marlin network.