$HGT – HeyBGT Token

Abstract:

BGT adopts a non-traditional token economic model, acquired through a dual-track system: liquidity certificate staking (BEX LP tokens/lending market asset certificates) and participation in whitelisted dApp ecosystems. Redemption of rights must be completed via the Berahub platform. BGT is non-transferable and features a one-way redemption mechanism, supporting only a 1:1 burn-to-redeem exit for $BERA.

Its core functionalities include:

• Governance voting rights, including a delegation mechanism;

• Validator incentive distribution rights.

BGT holds governance value in BeraChain, accelerated validator incentives, and an intrinsic floor value through its BERA redemption mechanism. Due to its long-term Boost Incentive potential, BGT naturally carries a premium over BERA. However, users can only realize its value through long-term holding and specific actions such as boosting validators, adjusting allocation ratios, and submitting proposals. For users looking to quickly unlock BGT’s premium, there are limited options. HeyBGT addresses this pain point by providing a fast-track liquidity solution for BGT’s intrinsic value.

Economic System

• Users can directly trade unclaimed BGT, with 0.5% of total emissions allocated to protocol maintenance.

• Transactions completed via HeyBGT are subject to a 10% fee on the premium, which will be used to distribute HGT tokens as rewards.

Tokenomics

Total supply: 10,000,000 HGT

Allocation:

• 10% – IDO allocation

• 20% – Foundation

• 60% – Behavioral incentives

• 10% – Marketing

Utility:

• The official team will establish an HGT/HONEY trading pair.

• Users can stake HGT in liquidity pools to earn market-making rewards and receive LP tokens, which can be deposited into vaults for PoL incentives.

• The project team will periodically buy back HGT using protocol revenue.