What is Hepa Finance (HEPA) | What is Hepa Finance token | What is HEPA token

In this article, we’ll discuss information about the Hepa Finance project and HEPA token

Hello farmers today we’re thrilled to announce the initial launch of

Hepa Finance

Our governance token **HEPA **and our first DeFi product Hepa.Finance

all launching right now on Binance Smart Chain

TLDR;

  • IDO will be on ApeTools
  • HEPA token (HEPA) — a revenue generating governance token governing the HEPA Finance ecosystem on Binance Smart Chain.
  • Yield farming on Binance Smart Chain —
  • Stake;
  • HEPA/BUSD
  • HEPA/BNB
  • HEPA/BANANA
  • HEPA/TAPE and earn extremely lucrative rewards for being an early supporter. The yield farming system incorporates a unique 95% locked / 5% unlocked token supply design to create a sustainable and long-term farming environment.
  • HepaFinance only supports MetaMask & TrustWallet
  • Join our Telegram channel

The HEPA (HEPA) token

The core foundation of the Hepa Finance is the HEPA (ticker: HEPA) token.

It is aimed to be fairly and widely distributed, with focus on rewarding early and active supporters of the protocol.

Hard cap

The HEPA token has a hard cap of 500,000,000 tokens and features an extensive lockup model where 95% of earned tokens will be released at a later stage in the future and 5% will be available directly.

The HEPA token will be configured to lock 95% of all newly minted supply during the yield farming stage until 00:00:00 UTC March 25th, 2022.

When 00:00:00 UTC March 25th 2022 has been reached the locked supply will slowly start to unlock on a block-per-block basis until 00:00:00 UTC March 25th, 2023.

By the end of 2022 roughly 290.87 million HEPA tokens are expected to have been minted. At the end of 2023 the supply is expected to reach 460.70 million HEPA and the final 500 million cap is expected to be reached at the beginning of March 2024. From start to finish it’ll take roughly 3 years in total to reach the cap.

Treasury

95% locked / 5% unlocked setup

Note that ALL of the fees are also locked using the exact same emission schedule as previously discussed — the treasuries will be locked until

00:00:00 UTC March 25th, 2022 and it will then take a full year

(until **00:00:00 UTC March 25th, 2023) **to fully unlock them.

Pre-minting

Due to the treasuries following the exact same locked emission schedule as regular users we’ve decided to pre-mint a total of 10,000,000 HEPA, or 2% of the expected final hard cap.

The **10,000,000 HEPA **tokens will be distributed as follows:

  • 7,000,000 HEPA: IDO Sale on ApeTools
  • 2,000,000 HEPA: Allocated to the liquidity provider (LP) fund. The first action will be to seed initial liquidity for the HEPA/BNB pool.
  • 1,000,000 HEPA: Allocated to the strategic wallet.

Besides these 10,000,000 HEPA there are no intentions to further mint tokens outside the scope of our yield farming contracts/token emission schedule.

Yield Farming

Here’s a short breakdown of the first month’s bonus multipliers:

  • Week 1: 256x multiplier = 256 HEPA/block = 7,680 HEPA/minute
  • Week 2: 128x multiplier = 128 HEPA/block = 3,840 HEPA/minute
  • Week 3: 64x multiplier = 64 HEPA/block = 1,920 HEPA/minute
  • Week 4: 32x multiplier = 32 HEPA/block = 960 HEPA/minute

The reason we can go crazy with these multipliers is because of the 95% locked / 5% unlocked token supply locking system.

Pools

Hepa Finance will launch with two pools that will reward yield farmers with HEPA:

  • HEPA/TAPE — 1x pool weight (~9.85 HEPA/block during the initial launch week).
  • HEPA/BNB — 25x pool weight (~246.1 HEPA/block during the initial launch week).

Withdrawals

For withdrawals we’re using a slightly more complex system:

  • 1% fee if a user withdraws under 5 days.
  • 2% fee if a user withdraws under 3 days.
  • 4% fee if a user withdraws under 24 hours.
  • 8% fee if a user withdraws under 1 hour.
  • 25% slashing fee if a user withdraws during the same block (in order to disincentivize the use of flash loans).

Liquidity

The founding team will commit ~$10k worth of BNB to the HEPA/BNB pool to allow for users to easily swap to HEPA in order to enter the HEPA/BNB liquidity farm.

The HEPA/BNB pool on Hepa Finance will initially be seeded with a price of $0.005 per HEPA.

ApeSwap router will be used for all transactions.

How and Where to Buy HEPA token?

HEPA token is now live on the Binance mainnet. The token address for HEPA is 0x9159f30f1c3f0317b0a2d6bc176f29266be790ee. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

Join To Get BNB (Binance Coin)! ☞ CLICK HERE

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

What is Metamask wallet | How to Create a wallet and Use

Transfer $BNB to your new Metamask wallet from your existing wallet

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap HEPA token

Contract: 0x9159f30f1c3f0317b0a2d6bc176f29266be790ee

Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap

The top exchange for trading in HEPA token is currently Pancakeswap v2

Find more information HEPA

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🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

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What is Hepa Finance (HEPA) | What is Hepa Finance token | What is HEPA token