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What percentage of H2O DAO (H2O) coins does the development team hold?
The development team of H2O DAO holds 5% of H2O coins to ensure the project's long-term success and align incentives with ecosystem growth.
Dec 21, 2024 at 02:46 am
Key Points:
- H2O DAO (H2O) is a decentralized autonomous organization (DAO) that governs the H2O Ecosystem.
- The development team of H2O DAO holds 5% of the H2O coin supply.
- The purpose of the development team holding H2O coins is to ensure the long-term success of the project.
Article Content:
What is H2O DAO (H2O)?
H2O DAO is a decentralized autonomous organization (DAO) that governs the H2O Ecosystem. H2O Ecosystem is a suite of blockchain-based tools and services that aim to empower water stewardship and sustainable water management.
H2O Coin (H2O)
H2O is the native token of the H2O Ecosystem. It is used for various purposes, including:
- Governance: H2O holders can vote on proposals to shape the future of the H2O Ecosystem.
- Staking: H2O holders can stake their tokens to earn rewards and support the security of the network.
- Rewards: H2O is used to reward users for their contributions to the ecosystem.
Development Team's Holding of H2O Coins
The development team of H2O DAO holds 5% of the H2O coin supply. This holding serves several purposes:
- Alignment of Incentives: By holding H2O coins, the development team aligns their interests with the long-term success of the project.
- Long-Term Sustainability: The team's holding ensures that they have a vested interest in the future of the ecosystem, supporting its growth and development.
- Foundation for Innovation: The team's holding of H2O coins provides resources for ongoing development and innovation within the H2O Ecosystem.
Distribution of H2O Coins
The total supply of H2O coins is 100 million. The distribution is as follows:
- Development Team: 5%
- Ecosystem Fund: 10%
- Community Pool: 15%
- Token Sale: 70%
FAQs:
What are the benefits of holding H2O coins?
Holding H2O coins provides several benefits, including:
- Participation in governance of the H2O Ecosystem
- Earning staking rewards
- Supporting the long-term success of the project
How can I purchase H2O coins?
H2O coins can be purchased on various cryptocurrency exchanges, including KuCoin, Gate.io, and Uniswap.
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