# HSTART token # Does HStarter have a token? Yes! HSTART, a token for use within the HStarter ecosystem powers both HPAD and HDAO and has a variety of uses to ensure only the best projects make it to the market. # What is the total supply of $HSTART? HSTART has a total supply of 100 million tokens. # Is $HSTART listed anywhere? HSTART will be listed on numerous decentralized and centralized exchanges. Information on new listings will be released on our social media pages, specifically Twitter and Telegram. Become a part of our community and follow us on social media: Telegram Announcements: https://t.me/HStarterAnnouncements Telegram Community: https://t.me/HStarterCommunity Twitter: https://twitter.com/HStarterio Discord: https://discord.com/invite/hstarter Youtube: https://tinyurl.com/HederaYT Medium: https://medium.com/hedera-blog # What is the utility of HSTART tokens? Why should I buy them? HSTART token powers both HPAD and HDAO and has a variety of uses. - Members stake $HSTART in the HDAO to run the Councils of Industry, which govern the incubation and the sign-off process for projects that make it to the HPAD. Council members need to stake $HSTART tokens to mint one of the Industry Council (IC) NFT. - Users stake $HSTART in the HPAD to gain access to allocations of projects signed-off by the ICs. - Depending on the amount of staked $HSTART, users can reach 5 tiers with increasing allocation weights with 16x for the largest stake and 1x for the smallest stake. Also the odds of participation is larger for the higher tiers. - 5% of every user’s allocation for an IDO on HPAD, regardless of its size, will be assigned to buy back and burn $HSTART. - Projects will also deposit tokens into the Community Innovation Funds (CIFs) which will reward every $HSTART holder. - Unstaking $HSTART for both HDAO and HPAD incurs a small penalty fee. Unstaking fees are redistributed across remaining stakers. # How are the NFTs involved in the process? - HDAO Council members need to stake $HSTART tokens to mint one of the Industry Council (IC) NFT. The eligibility is subject to approval by the existing IC members. - These NFTs are non-transferable but can be burned to unstake the $HSTART tokens. This will incur a small penalty fee. Migration between ICs is intentionally not frictionless. - Members stake the IC NFT to begin voting on admission of IC projects for incubation. One IC NFT enables access to one IC. - HPAD Users are required to mint an NFT for preferential access to projects signed-off by a given IC. - Users can lend their NFTs out for a given IDO and collect yield (interest).