Token Utilities

The HORD token, like hETH, is a tradeable and transferable token. HORD’s main use case is revenue share and token governance.

Revenue Share

Overview The Revenue Share feature at Hord is live. This feature, discussed since the inception of Hord’s token governance, redistributes 50% of protocol fees to enrolled HORD holders. Below is a detailed explanation of how the feature works. Enrollment To enroll in the Revenue Share feature:

Minimum Requirement: Users must hold a minimum of 2,500 HORD tokens. Maximum Enrollment: Users can enroll up to 500,000 HORD tokens.

Enrollment Process Users must click the "Join Revenue Share" button at app.hord.fi and connect their wallet to enroll.

Balances are updated automatically upon enrollment. Re-enrollment is required for each new round to receive a portion of the revenue share. Token Requirements - Non-Staking Requirement: Users' HORD tokens do not need to be staked or locked. - Holding Requirement: Users must hold the minimum required tokens in their wallet to be eligible for each day's distribution. Airdrop Calculations Daily Growth: The amount shown in the airdrop section grows daily. Initially, the airdrop amount is zero until the first simulation. The amount updates daily, and the final amount is determined at the end of the round.

Snapshots: Daily snapshots of enrolled users' HORD balances are taken randomly to determine eligibility and share size. Users must hold the minimum required HORD on the snapshot day. Distribution

Semiannual Airdrops: Actual airdrops are distributed semi annually through Disperse.app.

Combined Total: User interface displays a combined total for those holding both versions.

Acquiring HORD - Staking ETH: Users can stake ETH on Hord’s platform to receive HORD tokens for free. The amount and length of the stake determine the HORD token rewards. - Purchasing HORD: HORD tokens can also be bought and traded on Gate.io, Uniswap v2 (Ethereum), and Uniswap v3 (Arbitrum).

Governance

Hord token governance is an essential aspect of the Hord ecosystem, allowing HORD token holders to have a say in the platform's decision-making process. Token holders can issue, discuss, and vote on proposals.

For more information on Hord Governance, please see the segments above or the Hord Governance Gitbook.