Token Flow for Donations
Last updated
Last updated
To ensure the smoothness of HCFW token flow the following mechanics is implemented that contains two possible ways that take turns in accordance with a specific algorithm.
Every time the donation is made - 90% of the funds goes to charity funds, while 10% goes to the developers. In terms of tokens, 10 times less than 90% of donation are burned from the Charity Share, and 10 times less than 10% of donation are burned from the Developers Share. Immediately the donor is able to participate in Lifetime Bonus program.
There is a well-thought system of token flow created for involving miners and every single HCFW token holder into the charity.
The mechanics of donation distribution:
The amount of money for donation is split into three portions
Every single cent is a subject to be accountable.
This system ensures transparency and accountability in the distribution of funds, while empowering the community to choose which initiative receives additional support.
70%
divided between all the Charity Initiatives in equal proportions. Before these funds sent to Charity Funds - they are accumulated in the HCFW Charity Temporary Wallet. All the payouts are made once every two weeks.
25%
held in the HCFW Charity Temporary Wallet and is a subject to vote. After the voting is over - this amount is sent to the winner of voting.
5%
held to “HCFW Reserve Wallet”. The name speaks for itself. When there is no time to hesitate for a specific Charity Initiative - we sponsor it.