Today marks a pivotal moment for Henez as we take a significant step toward building the ultimate Chain Abstraction ecosystem. Introducing HEZ, the Henez utility token that serves multiple key functions across the Henez ecosystem, including governance, liquidity, and incentives.
Why Now?
Henez is the first Chain Abstraction layer for DeFi. Powered by Hyperlane, Arbitrum, Avail, and Caldera.
Our core mission is to create a Chain Abstraction ecosystem that can onboard millions of Web3 users with a seamless cross-chain experience; while empowering developers to build next-gen Omni-DeFi applications
Since launch, we have built a strong product-market fit with the following:
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500,000+ active users & 20M+ transactions in a month of testnet
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A successful Interchain War - the first Chain Abstraction game, with 30,000+ active players and 150K mainnet transactions in just one week
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10+ chains integrated into our Chain Abstraction ecosystem
The $HEZ token is the cornerstone of this vision, embodying a community-first approach that puts users at the center of the ecosystem's growth and governance.
Our Core Principle
Our principle for $HEZ is simple: Community First.
We’ve dedicated nearly 80% of our token supply to fuel community growth. As a $HEZ holder, you are not only a decision-maker actively governing Henez, but also benefiting from protocol.
For our token sale, both the Whitelist Round & the Public Round on Fjord are held in a Fair Launch method, with 100% unlock in TGE (November 27th)
We decide to set the FDV at $15M - the same FDV level as the Seed Round. This ensures equal opportunities for all retail investors and much more room for growth in the future
HEZ Tokenomics
There will be a total of 100,000,000 HEZ tokens in the supply. These tokens will be distributed over 5 years. 80% of the token supply is allocated to the community to foster growth and ecosystem development.
Token Key Information
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Token Symbol: $HEZ
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Total Supply: 100,000,000
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Initial Circulating Supply: 25,250,000
Token Distribution
The distribution model reflects Henez's commitment to community empowerment and sustainable growth:
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Ecosystem Treasury (45%):
This allocation is the cornerstone of Henez’s development. It will be used to fund long-term ecosystem growth, including grants for developers, funding for innovative projects, and resources for community-driven initiatives. By dedicating nearly half of the token supply, Henez ensures sustainable expansion and fosters a vibrant ecosystem that aligns with its mission.
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Token Sale (15%):
This includes the Whitelist Round and Public Sale, which are designed to empower early supporters and ensure a broad distribution among retail investors. Funds raised will accelerate the project’s roadmap and development.
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Liquidity/CEX/Market Making (10%):
Ensuring a stable and accessible market for $HEZ is crucial for its success. This allocation is reserved for establishing robust liquidity on centralized exchanges (CEX) and decentralized exchanges (DEX).
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Team and Advisors (13%):
The team and advisor allocation reflects Henez’s commitment to retaining and motivating its core contributors. This portion is vested over a period to ensure alignment with the project’s long-term vision and also not affect the token price after the TGE, ensuring fairness for the community
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Seed Round (7%):
This allocation was distributed to early strategic investors who believed in Henez’s potential from its inception. This allocation will be locked in 6 months to ensure fairness for the community
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Marketing (5%):
This allocation will support promotional campaigns, partnerships, and initiatives designed to onboard users and developers into the ecosystem, ensuring widespread visibility.
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Airdrop (5%):
This allocation is dedicated to rewarding early supporters from the beginning as the recognition, helps foster loyalty and trust within the community.
Token Vesting Schedules
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Seed: 0% at TGE, 6 months cliff; 12 months linear release
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Token Sale: 100% at TGE, 0 months cliff; 0 months linear release
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Ecosystem Treasury: 0% at TGE, 0 months cliff; 60 months linear release
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Liquidity/CEX/Market Making: 100% at TGE, 0 months cliff; 0 months linear release
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Marketing: 5% at TGE, 0 months cliff; 6 months linear release
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Airdrop: 50% TGE, 1-month cliff, 3-month linear release, divided into multiple rounds
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Team: 0% at TGE, 12 months cliff; 24 months linear release
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Advisors: 0% at TGE, 12 months cliff; 12 months linear release
Token Utility
$HEZ serves multiple critical functions within the Henez ecosystem:
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Governance:
$HEZ holders vote on protocol upgrades and project decisions, ensuring a community-driven direction.
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Revenue Sharing:
Token holders receive a share of protocol revenue and fees, aligning incentives with ecosystem growth.
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Incentives:
Developers and dApps in the ecosystem are rewarded with $HEZ through the OmniDeFi module, promoting innovation and engagement.
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Buyback & Burn:
A portion of protocol fees is utilized to buy back $HEZ tokens, reducing supply through a burn mechanism.
The HEZ Token Sale
There are two rounds of Token Sale: Whitelist Round & Public Sale on Fjord. Here is everything you need to know to participate in the HEZ Token Sale
Whitelist Round
The Whitelist Round for the $HEZ Token Sale is scheduled to take place on November 19th on the Official Henez website.
This round is specifically designed to reward our most engaged community members, with eligibility restricted to High-rank Testnet users and Interchain War winners.
Eligible participants will receive a generous 20% bonus in $HEZ tokens on top of their purchase amount, which will be distributed following the completion of the token sale.
Key information
Public Sale on Fjord
Why Fjord for $HEZ?
Choosing the right platform for our token sale was crucial, and Fjord emerged as the clear choice. As the premier token sale platform on Arbitrum, Fjord's track record of successful launches with fairness and transparency aligns perfectly with our vision for HEZ
Key Information
What’s next?
Our comprehensive roadmap for 2024-2025, showcases Henez's strategic vision for revolutionizing the Chain Abstraction ecosystem. The launch of Henez Mainnet will be our main focus after the Token Sale, with the debut of the Gas Abstraction Module and Stablecoin Module - which were introduced in our Testnet.
We will also see strategic integrations with Movement, Monad, and Sui, while simultaneously launching our Incubation Program to foster ecosystem growth and innovation.
Finally, we are focusing on enhancing the developer experience, by introducing our new Omni Yieldbox/Lending Module, alongside a new upgrade that allows developers to launch their Omni-dApp with one click.
Conclusion
HEZ represents more than just another token launch; it's the foundation of Henez's vision. With its community-centric approach, clear utility, and strategic token distribution, HEZ is positioned to play a crucial role in our journey to create an ultimate Chain Abstraction ecosystem.
