Hello farmers today we’re thrilled to announce the initial launch of
Our governance token HEPA and our first DeFi product Hepa.Finance
all launching right now on Binance Smart Chain
- 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 —
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.
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.
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.
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.
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.
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).
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).
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.