Introduction
Holograph Foundation is thrilled to announce HLG, the native token powering the Holograph ecosystem. HLG will enable holders to influence the direction of Holograph Protocol through token governance.
HLG is a natively composable omnichain fungible token that can be transferred across blockchains with complete data persistence, bringing efficiency and interoperability to the entire onchain ecosystem.
Features
HLG has a number of unique features:
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Natively Composable: HLG maintains data as it moves between chains. This is achieved by specially configured factory smart contracts, which use the CREATE2 opcode and unique salt to deterministically calculate the contract address.
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Credibly Neutral: HLG avoids discriminating or favoring any specific blockchain ecosystem. By modularizing the value layer, HLG is allowed to move freely between any application, messaging protocol, or blockchain.
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Minimizes Bridge Risk: HLG minimizes bridge risk, enabling market participants to trade with counterparties on different chains. This is achieved by burning HLG on the source chain and reminting it on the destination chain.
Details
HLG’s token details:
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Symbol: HLG
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Initial Circulating Supply: 1,525,000,000 (15.25%)
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Max Supply: 10,000,000,000
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Format: Holographic ERC20
Allocations
HLG will be allocated across six stakeholders.
Release Schedule
HLG will be released over 48 months.
Stakeholders
There are six strategic stakeholders in the Holograph ecosystem.
Ecosystem and Incubation
- 25% (2,500,000,000 HLG) — 5% liquid with 48 month linear unlocking.
This allocation reserved to advance the Holograph ecosystem by offering growth incentives to teams that align with the ethos of omnichain interoperability, in addition to backing the developer community to ensure positive outcomes and continued success.
Core Development Team
- 23.4% (2,340,000,000 HLG) — 12 month cliff + subsequent 24 month linear unlocking.
This allocation consists of the decentralized group of current and future essential contributing individuals, which have steadfastly concentrated on the security, engineering, product, infrastructure, growth, and operations of the Holograph ecosystem.
Strategic Network Partners
- 21.18% (2,118,000,000 HLG) — 12 month cliff + subsequent 24 month linear unlocking.
This allocation has been reserved to enable strategic participants to invest in the ecosystem’s long-term success and stability through private sales. These participants encompass strategic angels, developers, technical partners, and long-term funds possessing extensive expertise in onchain governance and scalability.
Foundation Treasury
- 15% (1,500,000,000 HLG) — 5% liquid with 48 month linear unlocking.
This allocation is designated for Holograph Foundation's reserves. Its purpose is to advance key initiatives like future omnichain tokenization research, covering operational costs, and supporting pertinent programs. Holograph Foundation's objective is to efficiently and strategically utilize these resources for ongoing protocol development.
Community and Launch
- 10% (1,000,000,000 HLG) — 5.25% liquid at TGE; for future Rounds, 6 month linear unlocking.
This allocation is meant to reward the indispensable role of a vibrant community of supporters in making the Holograph ecosystem possible. The HLG Rewards Round 1 snapshot to determine eligible recipients has already been taken.
Long-Term Advisory
- 5.42% (542,000,000 HLG) — 12 month cliff + subsequent 24 month linear unlocking.
This allocation consists of the decentralized group of essential contributing advisors, which have faithfully concentrated on the security, engineering, product, infrastructure, growth, and operations of the Holograph ecosystem to ensure its long-term success.
For general information on Holograph, check out Holograph Foundation. For technical information on Holograph Protocol, check out Holograph Docs. For additional information, join the conversation on Discord and X to stay up to date on the latest community news.