Every buy mines new H, and every trade pays a fee that builds the walls and rewards holders.
HETH is one pool on Uniswap, with a token called H. All the liquidity in the pool belongs to the contract itself.
You trade from your own wallet. This site never holds your keys or your funds.
How it works
- Buy H with ETHA small protocol feeThe fee on every buy and every sell, called the toll in its code. It pays for the walls and the holder rewards; a small capped part repays whoever makes the walls' upkeep calls, which anyone can. No team wallet and no treasury is paid from it. is taken on every trade.
- Your buy minesThis is proof of swapHow H is mined here: a real, completed buy from the protocol's liquidity is the proof. Its fee is its Work, and a block shares its miners' part of the new H by Work. It decides who receives new H; it is not how the chain is secured.: the buy itself is the work. Your new H is ready about one day later.
- Hold itAfter about a day your H is PoweredH you have held for about one day or more. It shares the daily holder rewards and counts in the holders' vote. and shares the daily rewardsETH and H paid to wallets that hold Powered H. They come from a share of every sell fee and of the H that mining releases, and are shared out once a day..
- The wallsFees build wallsETH the protocol has placed below the price to buy H back when people sell. There are seven, named L0 (nearest the price) to L6 (deepest). Walls slow a fall; they do not stop it, and they can be crossed. of ETH that buy H back from sellers. Walls slow a fall; they do not stop it.
How a buy mines
- 1You buy H with ETHFrom the protocol's liquidity, through the Uniswap app or your own wallet. You keep the H you bought.
- 2The fee on your buy is your WorkYour share of one HETH block's mining. It is the fee you paid on your buys in that block, so a larger buy earns a larger share of that block's H.Every buy pays a protocol feeThe fee on every buy and every sell, called the toll in its code. It pays for the walls and the holder rewards; a small capped part repays whoever makes the walls' upkeep calls, which anyone can. No team wallet and no treasury is paid from it.. That fee counts as your Work in the HETH blockThe contract's own unit of time, about seven minutes. Mining, rewards and the walls all run on it. It is not the chain's block. you bought in. Sells earn no Work.
- 3The block shares its new H by WorkEach block hands out new H between its buyers, in proportion to their Work. How much it hands out follows demand: this is its releaseThe part of a block's new H that is handed out. It follows demand: when buying is low, less is released and the rest stays in the Vein..
- 4Your reward is ready about a day laterIt never expires. It is sent to your wallet once it reaches the contract's payout minimum, or you claim it yourself.
What makes HETH different
Mining that follows demand
You mine by buying: the fee on your buy is your Work, and each block shares its new H by Work.
When buying fades, a block releases less new H. The rest waits in the Vein and leaves it only through bonds, whose ETH goes to the walls.
WorkYour share of one HETH block's mining. It is the fee you paid on your buys in that block, so a larger buy earns a larger share of that block's H.ReleaseThe part of a block's new H that is handed out. It follows demand: when buying is low, less is released and the rest stays in the Vein.The VeinThe stockpile of H that mining did not release. Bonds are sold from it. None of it exists as tokens until a bond is delivered.
Read the chapter: Mining by buyingPower Up and Power Down
H you hold becomes Powered after about a day, and the longer you hold it, the lower the fee when you sell.
Power UpH becomes Powered about one day after it arrives in your wallet. Powered H earns holder rewards, and the longer you hold it the less a sale costs you.Power DownWhen Powered H leaves your wallet by a sale, a transfer or an exit, the Powered H you keep loses holding time in the same proportion: sell a quarter, lose a quarter of the time. A Loyal wallet loses about half as much. Waiting H leaves first and costs no holding time.Fee on a saleThe fee taken when you sell Powered H. It starts at 10 % and falls in steps the longer your Powered H has been held on average, down to 3 % at 30 days. Waiting H is sold at the full 10 %.RebatePart of a buy's fee, set aside when you buy. When that H becomes Powered, the part your sale fee then allows is paid back with your holder rewards, on the H you still hold: one seventh for a wallet new to Powered H, all of it for a Loyal wallet.
Read the chapter: Power Up and the sale tiersDaily rewards and Loyal holders
Once a day, wallets that hold Powered H share ETH from sell fees and H from mining.
A share of every sell fee goes to the wallets that hold Powered H. It is shared out once a day, together with a share of the H that mining releases.
Holder rewardsETH and H paid to wallets that hold Powered H. They come from a share of every sell fee and of the H that mining releases, and are shared out once a day.Power Up scoreYour Powered H multiplied by the time you have held it, counted by the contract in whole points: 1 point is 1,000 H Powered for one HETH day. It decides your share of the daily holder rewards and the weight of your vote: twice the score, twice the share.LoyalA wallet whose Powered H has been held for 30 days or more on average. Loyal wallets also share the loyalty rewards, and a sale takes less of their holding time away.
Read the chapter: Daily rewardsBonds
A bond is ETH paid now for H delivered about one day later, and its ETH goes to the walls.
BondYou pay ETH now and receive H from the Vein about one day later, at a price the contract sets when you buy. The ETH goes to the walls.The VeinThe stockpile of H that mining did not release. Bonds are sold from it. None of it exists as tokens until a bond is delivered.
Read the chapter: Bonds and the VeinSeven walls below the price
Below the price stand seven walls of the protocol's own ETH, ready to buy H back from sellers.
Walls are placed and moved on time-weighted prices of periods that have ended, never on a price someone can push inside one transaction.
WallETH the protocol has placed below the price to buy H back when people sell. There are seven, named L0 (nearest the price) to L6 (deepest). Walls slow a fall; they do not stop it, and they can be crossed.Time-weighted priceThe price averaged over a period, each price counted for as long as it lasted. One large trade cannot move it much, so the contract uses it instead of the price of the moment.
Read the chapter: The pool and the wallsThe holders' vote and the way out
Nobody can change this contract. Only the holders can vote a new version in, and then every holder may leave or move.
Holders' voteHolders decide with a simple YES or NO. A new version is approved when the YES voters hold enough Powered H and their score is higher than the NO voters' score. No team key can decide it or stop it.New versionA new contract that holders may move to. The code calls it the successor. It becomes active only through the holders' vote, and only with exactly the code that was voted on.Way outIf most holders vote for a new version of the contract, every holder may leave with their share of the walls' ETH, or move to the new version. Until such a vote has passed, it stays closed.
Read the chapter: The way out and the vote
What this is not
Not a promise of a price, of a return or of protection against a fall. The price of H can fall, and it can fall a long way.