NFT Verse | Honeyland Gameplay | Honeyland Game | HONEY Token
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Welcome to our NFT Verse Video!
What is HONEY?
HONEY ($HXD) is the token that supports the Honeyland economy. There will be a total supply of 1,000,000,000 (1 Billion) $HXD. HONEY can be earned through in-game activities and purchased or traded through any decentralized exchange (DEX). Players will use it to purchase the most useful items in the game and unique NFTs to strengthen their colony, to perform certain in-game actions such as breeding or fusing Bees, and can be spent during missions, activities, and games. Additionally, HONEY can be staked to unlock in-game opportunities, give players access to special missions, drops, and exclusive in-game activities, and have governance over the decisions and growth of the project.
HONEY Transactions
With every HONEY transaction, a percentage will be collected and portioned for the following allocations:
Some will be deposited into the bank and used to reward those who are staking HONEY
Some will be recycled back into the player rewards pool to ensure that as the number of players increases, the player rewards will also increase
Some will be used for the development and maintenance of Honeyland
Some will be locked in the treasury to ensure the strength and value of HONEY
Burn Mechanics
HONEY is a deflationary token with a max supply of 1,000,000,000 $HXD. However, there will be burn mechanics built into Honeyland to ensure the health and value of HONEY. The following actions will cause HONEY tokens to be burned:
Breeding – players can use their Bees and HONEY to breed more Bees. While there are breeding limits and increased pricing as the Bees breed more, 50% of the HONEY spent by the player to breed will also be burned. These will ensure that as the Bee population grows, the HONEY supply is shrinking.
In-game Transactions – players will transact in several ways in Honeyland. With each of these, there will be Honeyland fees associated with them. Up to 25% of the fees collected for these transactions will be locked in the treasury.
Special Burn Events – From time to time, Honeyland will incentivize players to burn their HONEY in exchange for access to special prizes and events.
Anti-whale Mechanics
Honeyland has implemented some anti-whale mechanics to promote the health and stability of HONEY while the ecosystem and community grow. The following are some of the anti-whale mechanics:
Daily $HXD Token Claim for Investors and Team – once the lockup period is over for investors and team, they will begin having access to claim their tokens daily.
(Almost) Free to Play – Players will be required to upgrade to a Beemium account for as little as $30 USD (paid in SOL) in order to unlock the full features of the game and unlock HONEY tokens.
Locked Reward Emissions – Player rewards in the form of HONEY can be earned as soon as the player starts playing Honeyland and can be spent for in-game transactions, however, they will not immediately be available to transfer it into their wallet until they reach unlock periods.
I hope you found value in our NFT Verse video. Make sure to leave a like on the video if you gained value from it!
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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#Honeyland #HONEY #Crypto
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⏰TimeStamps⏰
0:00 honeyland game intro
0:18 honeyland game summary
7:26 honeyland game outro
