HASH at a Glance
- Total Supply: 100,000,000,000 HASH
- Core Utilities: The HASH token is essential for interacting with the network.
- Fee Payments: HASH pays for network and settlement fees.
- Staking & Security: Stake HASH to help secure the network and avoid inflationary dilution.
- Governance: Participate in on-chain voting for protocol decisions.
- Asset Purchases: Use HASH to bid for assets in the HASH Market auctions.
The Provenance Blockchain Fee Model: Predictability for dApps
No more gas wars. Provenance Blockchain eliminates unpredictable gas fees by using a flat, USD-denominated fee model. Fees are calculated in USD and paid in HASH, which is dynamically priced using a VWAP oracle. This ensures developers and institutions can reliably forecast costs.
Network Fees (For Core Transactions)
- What they are: Fees for the operational costs of the network, like token transfers or registering an asset with DART. For example, a standard token transfer costs a flat $0.025.
- How they're used:
- 60% goes to Validators to compensate them for securing the network.
- 40% goes to the HASH Market auction pool.
Settlement Fees (For Asset Exchange)
- What they are: Fees charged on the exchange of assets between parties.
- How they're calculated: A tiered model based on 30-day transaction volume, which incentivizes higher usage. The fee starts at 3.5 bps and decreases as volume increases.
- How they're used:
- 100% of settlement fees are funneled into the HASH Market auction mechanism.
HASH Economic Engine: Staking, Rewards & Burn
The HASH ecosystem is balanced by three core mechanisms designed to manage the circulating supply and incentivize participation.
🔒 Staking & Inflation
Provenance Blockchain uses a dynamic inflation model that adjusts based on the percentage of the total HASH supply that is staked.
- The Goal: To keep approximately 60% of the total HASH supply staked to secure the network.
- The Mechanism:
- If 60% or more of HASH is staked, inflation minimizes to 1%.
- If staking falls below 60%, the inflation rate increases, reaching a maximum of 52.5% if 0% of the supply is staked.
- Developer/User Incentive: The primary benefit of staking is to avoid dilution from inflation.
- Staking also applies a multiplier to airdrop rewards, increasing the relative share for stakers. There is a 21-day unbonding period when unstaking.
🏆 Community Rewards: The HASH Rank Program
A significant portion of the HASH supply is allocated to community rewards, distributed based on participation.
- Reward Pools:
- Milestone Airdrops: 2% of total supply, released when the network hits key adoption metrics (e.g., growth in total assets, settlement volume).
- Performance Airdrops: 15% of total supply, distributed quarterly to participants based on their usage and contribution.
- The HASH Rank Program: This program measures user and institutional activity to determine the proportional distribution of rewards.
- Example Rewarded Actions:
- Staking HASH with validators.
- Participating in governance votes.
- Registering loans and participating in exchange settlements.
- Funding a HELOC or taking out a Crypto-Backed Loan via Figure Markets.
🔥 HASH Market: The Auction & Burn Mechanism
The HASH Market is a decentralized auction platform that is the primary deflationary engine of the protocol.
- How it Works: The market auctions off assets that accumulate in the auction pool from network and settlement fees.
- Bidding: Participants can use accepted currencies (like USDC) to bid on HASH, or use HASH to bid on other assets (like the USDC collected from settlement fees).
- Burn: When participants bid with HASH to win assets (e.g., USDC), all winning HASH bids are burned from the supply forever. This creates a direct link between network activity and HASH scarcity.
HASH Token Distribution
The total 100B HASH supply will be allocated to align all ecosystem participants with the long-term growth of the network.
- Investors & Strategic Partners: 28%
- Ecosystem Grants (Figure & Prov): 28%
- Community: 25%
- DAO Treasury: 11%
- Foundation and Team: 8%
Full Tokenomics Report: