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HCFW is a token based on the Polygon blockchain that can mine on GPUs via a smart contract with a unique tailor made PoW Plus consensus. Humans Care Foundation: Water is a project of the Humans Care Foundation. Mission HCFW’s mission is to protect and restore the world water resources and ensure people’s access to clean water. We believe that using innovative solutions made by HCF and attracting the attention of the world community, we will influence the overcoming of this humanitarian problem. Tokenomics At the stage of token generation, tokens are distributed to the main HCFW wallets. The total supply is 21,000,000 HCFW and it is divided to:
PoW Plus stage On the 26th of January 2023, the source code of the network became available to miners. The remuneration is set so that 5,000,000 HCFW tokens are stretched to be mined within 12 years. Block time 120 min Reward per block 93 HCFW Daily reward 1 116 HCFW Approximate time of mining 4 480 days Staking stage The Staking Share contains 12,000,000HCFW of the total supply. The emission of it is stretched for 12 years, 1,000,000 of HCFW is distributed annually so 83,333 HCFW is distributed on a monthly basis. This monthly emission is used for:
Users can stake tokens using our fixed staking program. To replenish the “HCFW Security Wallet”. To be more specific - 25% of monthly emission goes to this wallet. Project tokens 4,000,000 HCFW are distributed to 3 wallets. Wallet addresses and information about them are posted on the official resources. These wallets are: Charity Share - 3,000,000 HCFW (75% of project tokens) The main and only purpose of this share is to be burnt after the donation is made. Operational reports on donation distribution will be published on the official resources of the project. In addition, the official resources of the platform will informationally cover the events held as part of the charitable programs. Developers share – 800,000 HCFW (20% of project tokens) This is the share that is created for developers. It may be used for rewarding them as well as spent on HCF platform maintenance and functionality development as well as scaling the HCF ecosystem. This is up to developers, this is why it’s called “Developers Share”. Activity share 200,000 HCFW (5% of project tokens) These tokens are aimed at increasing the community and the number of active users, attracting additional funding to the project and developing marketing. Donation mechanism The HCFW project connects donors and the Charity Initiatives together. A user who has made a donation becomes a Donor of the HCFW project, gets his share from monthly emission and gets his right to vote for funding a particular Charity Initiative. The amount of money for each donation is split into three portions.
Voting system The mechanism of all donated funds' distribution as well as the tool to govern the HCF evolution is one of the key features of the platform. The main idea of donation distribution lies in each charity initiative getting part of it. Thus 70 % of accumulated funds are equally spread within them. 5% goes to the "HCFW Emergency Wallet" while the remaining 25% is becoming a subject to vote. All HCFW donors and token holders can vote which charity initiative on the platform should receive additional funding with 25% of all the accumulated donations as well as influence the integral decisions of the project development such as technical and fundamental updates, the implementation of joint programs with global NGOs and all sorts of issues where a collective decision should be made. 1 HCFW token gives the user 1 vote. The voting timespan is 2 weeks. As soon as it is over - the funding goes to the winner. The voting process is open and everyone can see the intermediate results in order to make their choice much smoother. Token Burning System Donation When the donation is made, the corresponding amount of HCFW tokens is burnt. This is made in order to reduce the amount of circulating tokens so that every single one of them has more value. How to get HCFW
HCFW’s contract address 0xd4Cce747e623CE2D72322892e5DB238e2A5eb4F3 Our contacts Website: carefound.io/HCFW Email: [email protected] Twitter: @hcfwcoin Github: HCFofficial HCFW is developed by HCF (Humans Care Foundation) You can find all the detailed information about the HCFW in our whitepaper. |