Homeros Tokenomics Update Due to Expansion onto Binance Smart Chain
The Homeros Foundation will be expanding Ecosystem onto Binance Smart Chain and Minting 2 billion HMR (BEP-20) tokens
BSC is an ideal for Defi platforms due to interoperability, cheap gas transactions, transaction speed, and friendly developer tools. If you’d like to read more you may reference this article.
TOTAL SUPPLY UPDATE
The Total Supply of 10 billion will be reduced to 4 billion.
The Total Supply will be HMR ERC-20 (2 billion) & HMR BEP-20 (2 billion)
In the spirit of Defi, transparency, and notice to loyal supportive Homeros early and new supporters please note the following:
These approximate 8 billion HMR (ERC-20) have been essentially burned forever. A smart contract lock has been placed on the following 10 wallets and these tokens will not be accessed for the foreseeable future. To be completely transparent, the tokens in these 10 wallets are unable to be burned because a burn contact was not created when HMR-20 was minted. The best solution was to hold/lock these tokens in these 10 wallets to reduce the HMR total supply to manage token inflation and to expand the Homeros Ecosystem onto BSC. Should the Homeros Foundation mint to other chains the community will be notified, and the total supply will not exceed the original 10 billion token amount.
Wallets - HMR Lock/Burn Tokens
1. 1,000,000,000 - Link to Wallet
2. 999,999,970 - Link to Wallet
3. 800,000,022 - Link to Wallet
4. 800,000,013 - Link to Wallet
5. 800,000,010 - Link to Wallet
6. 800,000,000 - Link to Wallet
7. 800,000,000 - Link to Wallet
8. 800,000,000 - Link to Wallet
9. 800,000,000 - Link to Wallet
10. 399,999,941 - Link to Wallet
Total Lock/Burn HMR Tokens = 7,999,999,956
WHAT WILL THE 2 BILLION HMR BEP-20 TOKENS BE USED FOR?
LISTING OF HOMEROS IN DECENTRALIZED EXCHANGES
Homeros is proud to announce it has been listed on two decentralized exchanges, ApeSwap and Pancake Swap as of January 4 UTC 06:00.
BSC token contract address: https://bscscan.com/token/0x32d12029f62260e239b5b5c8f0bea9cb382cfdd6
ApeSwap is a decentralized or non-custodial exchange (DEX) based on the Binance Smart Chain (BSC) and Polygon that seeks to deliver the greatest possible trading experience. HMR token holders can utilize ApeSwap to access an exchange that acts as an automated market maker (AMM).
ApeSwap has made an extraordinary leap by facilitating cross-chain transactions, a first in the crypto space. Investors will be able to use the exchange on both the Binance Smart Chain and the Polygon ecosystems as a result of this, demonstrating ApeSwap’s dedication to redefining the DEX market.
On the other hand, PancakeSwap is one of the most popular decentralized exchanges (DEX) on Binance Smart Chain (BSC). It has become something of a blockchain phenomenon since its inception in September 2020, given its tremendous liquidity, diverse feature set, and large user base.
Through these exchanges, HMR token holders can expect to benefit from low transaction fees and rapid confirmation times. Moreover, PancakeSwap is a decentralized application (DApp) that can be accessed using a Web3 wallet like MetaMask, TrustWallet, or WalletConnect.
TO NOTE, DO NOT SEND HMR BEP-20 TO THE HMR ERC-20 SUPPORTED CENTRALIZED EXCHANGES (CEXS) BECAUSE THESE ARE TWO SEPARATE TOKENS.
WHAT MORE CAN BE EXPECTED IN HOMEROS?
We understand such transition is unfamiliar to many of our community so we will prepare a separate article and guide such as making a Metamask wallet, staking and what is a yield farm so please look forward to our education materials.
In addition to the listings, Homeros is gearing to deploy a bridge for HMR ERC-20 and BEP-20 in Q2/Q3 of 2022. This implies that Homeros will further develop its ecosystem this year to enable holders of the two HMR ERC-20 and BEP-20 tokens to enjoy more benefits.
Please stay tuned because we have more updates to share with you soon.