The HND token supply has been portioned for distribution and usage according to the following percentages:
40% of HND is assigned to the project treasury for liquidity and partner mining
20% of HND is allocated to the development fund and operations, subject to a 4-year vesting schedule
20% of HND is granted to Compound DAO, also with a vesting schedule of 4 years
20% of HND goes to the Percent (PCT) token migration with 90% of the HND subject to 1-year of vesting
As discussed in the previous section, following the HND token generation event a migration contract was deployed that allows PCT to be exchanged on a one-to-one (1:1) basis for HND. Of these HND, 10% are made available immediately, while the remaining 90% vest over the course of one year.
Another significant recipient of HND is the Compound DAO. This is an acknowledgement of their efforts in creating the smart contracts upon which Hundred Finance has been based, as well as their project's broader contribution to the cryptocurrency ecosystem and decentralized finance (DeFi) in particular. It is hoped that in this action the future is set for fruitful collaborations between the Hundred Finance and Compound communities.
The last of the three 20% portions of the HND total supply are set aside according to a four-year vesting schedule that will make them available to contribute to the project’s onward development and operations.
The largest portion of the token supply, 40,000,000 HND, will be assigned by the project treasury and designated for liquidity mining incentives, partner acquisition and other means of bootstrapping a large and active community around the project.