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What is the number of Highstreet (HIGH) coins issued?
The total supply of Highstreet (HIGH) is capped at 100,000,000 tokens, ensuring scarcity and preserving token value.
Dec 15, 2024 at 05:43 pm
Highstreet (HIGH) is the native utility token of the Highstreet metaverse, a decentralized virtual world that combines shopping, gaming, and social experiences. It is designed to incentivize participation and drive the platform's economy.
Total SupplyThe total supply of HIGH is capped at 100,000,000 tokens. This supply is fixed and cannot be increased or decreased, ensuring scarcity and preserving token value.
Distribution of HIGH- Public Token Sale (2021): The initial public token sale raised approximately $5 million, selling 16,500,000 HIGH at a price of $0.30 per token.
- Ecosystem Fund (30%): 30 million HIGH (30%) are allocated to the ecosystem fund. This fund supports the growth and development of the Highstreet metaverse, including developer grants, partnerships, and marketing initiatives.
- Operations and Marketing (25%): 25 million HIGH (25%) are reserved for operations and marketing. These tokens are used to finance ongoing maintenance, team expansion, and community building.
- Team and Advisors (20%): 20 million HIGH (20%) are allocated to the team and advisors. These tokens are allocated as incentives for their contributions to building and promoting Highstreet.
- Investors (15%): An estimated 15 million HIGH (15%) are allocated to early investors. These tokens represent the initial capital raised to develop the project.
- Community Mining (10%): 10 million HIGH (10%) are reserved for community mining. Through this program, users can earn HIGH by making contributions to the Highstreet ecosystem, such as creating and sharing content, engaging in governance, or providing feedback.
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