Alongside our rebrand, the HOKK Finance leadership confirmed via voice chat that HOKK will be going multi-chain even sooner than expected. Just how soon? How’s right now?
Our dev team has already deployed Smart Contracts on the Binance Smart Chain (BSC) Testnet!
This includes the utility features already confirmed to be coming to the Ethereum blockchain including:
HOKKFi.com DEX, our very own Decentralized Exchange, similar to Uniswap or Pancakeswap.
The $HOKKFi utility/governance token: The core foundation of the Hokk Finance Ecosystem is the utility and governance token HokkFi (Ticker: $HOKKFi).
Single-Asset Staking: Single asset staking is similar to depositing your money into a bank account, whereby you will deposit $HOKK and earn $HOKKFi in return. We will also bring other Doggy coins onboard to our platform such as $DOGE and $SHIB. This means you will earn rewards for depositing your $DOGE and $SHIB. Deposit $DOGE, Earn $HOKKFi. Deposit $SHIB, Earn $HOKKFi. Single asset staking traditionally does not have as high rewards as liquidity pool mining.
Liquidity Pool Mining: Liquidity Pool (LP) mining is the same concept as single asset staking except that you deposit your LP tokens. What are LP tokens? These are the UniSwap liquidity tokens that are generated when you create liquidity on a decentralized exchange to enable trading. LP Mining generates higher returns than single asset staking as it helps to support the price of $HOKK and $HOKKFi by increasing the liquidity pool. This reduces the price impact of sell transactions thereby increasing the price floor.
A new DAO structure for Proposals and Voting: Which will allow the community to choose what we do next, which areas dev efforts should be focused on, and what we do with the revenue generated from $HOKKFi.
Deployed Contracts Currently on BSC Testnet:
HokkFi Token — Token Contract https://testnet.bscscan.com/address/0xa69eE4fd9d50FE019fFa63fc8881e1c79cFEf85E#code
HokkFi Maker — Single-Asset Staking Contract https://testnet.bscscan.com/address/0x22E1BD364B03FaF494d3E770fC7Da9E8775Ff486#code
MasterChef — Liquidity Pool (LP) Mining contract https://testnet.bscscan.com/address/0xB7D15012BE760e1FC16b7628f8Ff913d5FAf2426#code
HokkFi Bar — Governance contract https://testnet.bscscan.com/address/0x08809edEE44CbEaB787d933aD4651Ed2751339eD#code
We will put out a further medium article explaining in more detail the above smart contracts.
- HOKK Finance Foundation ♥️