🗝ī¸Utility

HaywirePad offers a range of utility features that empower projects and community members within the ecosystem.

The utility features include token creation, staking pool creation, and listing on the launchpad.

Each utility feature requires a specific amount of $HWR tokens to be paid.

  1. Token Creation: To create a token on HaywirePad, projects are required to pay a fee of 1,500 $HWR. This fee covers the cost of deploying and establishing the token on the Aleph Zero Blockchain. Through this utility, projects can define essential parameters such as token supply, name, symbol, and additional functionalities, tailoring the token to their specific requirements.

  2. Staking Pool Creation: Projects that wish to create a staking pool on HaywirePad can do so by paying a fee of 10,000 $HWR. Staking pools enable community members to stake their tokens and actively participate in the success of the project. By creating a staking pool, projects can incentivize their community and drive engagement while fostering a sense of ownership within the ecosystem.

  3. Launchpad Listing: To be listed on the HaywirePad launchpad, projects are required to pay a fee of 50,000 $HWR. This fee covers the cost of the listing process and community consensus evaluation. If a project fails to pass the community consensus, the fee is refundable. The launchpad provides a platform for projects to raise funds and gain support from the community through a decentralized autonomous organization (DAO) voting process.

  4. Participation in Consensus: Only holders of at least 5,000 $HWR are eligible to take part in DAO voting rounds; where they nominate projects that should make it into the fundraising phase.

These utility features provide valuable services to projects and community members, contributing to the growth and sustainability of the HaywirePad ecosystem. By utilizing these features, projects can create and promote their tokens, while community members can actively participate and support their preferred projects.

Please note that the utility fees mentioned here are subject to change and should be verified on the HaywirePad platform for the most up-to-date information.

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