Post
Topic
Board Tokens (Altcoins)
Topic OP
Humans Care Foundation: House (HCFH) - Ethereun based token, developed HCF
by
HCFofficial
on 19/01/2023, 12:51:36 UTC













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HCFH is a token based on the Ethereum blockchain with the ability
to mine on GPUs via a smart contract.




Humans Care Foundation: House

The mission of cryptocurrency is to raise funds to build housing
for victims of natural and humanitarian disasters
on the African continent.




About project

HCFH (Humans Care Foundation: House) is a product
of the Humans Care Foundation.

Since the publication of the source code, the network is available to miners.
The issuance of tokens for miners is stored on the "PoW General Wallet".
Tokenomics are prescribed in such a way that the mining period is about 3
years (without activating the token burning system).

After performing a smart contract for mining tokens on the PoW algorithm,
the network switches to the PoS algorithm. Reward distribution comes
from the "PoS General Wallet"



Project tokens

During the token development phase, 4 000 000 HCFH is allocated
from the total supply. Wallet addresses and information about them
are posted on official resources on the day the source code is published
and mining is launched.

Charity share - 3 000 000 HCFH (75% project tokens)
The charity programs will be funded from the proceeds of the sale of
on the exchange. The official resources of the project will publish timely
reports on the implementation of the budget of the charitable foundations
partners, as well as photo/video content of the conducted actions
and programs.

Activity share - 200 000 HCFH
(5% of project tokens)
Conducting launchpads and airdrops is aimed at increasing the community
and the number of active users, as well as attracting additional funding
to the project.

Developer share - 800 000 HCFH (20% of project tokens)
Developer's share is used to develop and maintain the technical part
of the project, as well as to scale the eco-system of HCF.



Technical Data

Tokens are stored in the main wallets "PoW General Wallet"
and "PoS General Wallet", from these wallets the reward is distributed.
Blockchain - Ethereum
Algorithm - PoW/PoS
Total supply - 21 000 000 HCFH
"PoW General Wallet" - 5 000 000 HCFH
"PoS General Wallet" - 12 000 000 HCFH
Project tokens - 4 000 000 HCFH
Project Launch - 19.01.2023



PoW stage

Block time 30 minutes
Block reward 93 HCFH
Daily reward 4 464 HCFH
Approximate time of mining 1 120 days (without activation of token
burning system)



PoS stage

PoS stage is activated after the end of the PoW stage, when all tokens
from the "PoW General Wallet" will be mined by miners.
At the same time, validators have the ability to launch the PoS stage before
the set time.

There are two possible scenarios:

1. Stopping the PoW stage, burning the tokens remaining in the "PoW
    General Wallet" and moving to the PoS stage1
2. Launching the PoS stage together with the PoW stage2 In this case,
    miners continue to mine tokens from the "PoW General Wallet",
    and validators receive remuneration from the "PoS General Wallet".



Mining

HCFH mining is possible only with the help of graphics processing units
(GPU).
Requirements to the equipment for mining - minimum video card RAM
size for mining 4 GB
Remuneration is distributed from the "PoW General Wallet".
Mining is available from the moment of publication of the source code.
To start mining, you need to download and install the official software
(freely available on official resources) on your equipment.
There are two options for mining:



Mining solo

Connecting to an Ethereum node (dedicated node, or INFURA or similar
service)
The recipient of the reward must have ETH in his wallet to pay for the gas
to interact with the smart contract when sending the solution.



Mining in a pool

When mining in a pool - the pool takes care of the gas payment.
Accordingly, the pool takes a commission when paying out tokens.

The miner is posted on the official GitHub.





Token burning system

The token burning system is implemented in such a way that when
the network complexity index (hash rate) drops by 30% from the last peak,
the token burning mechanism from the "PoW General Wallet" is triggered.
30 tokens are burned during the time it takes to solve one block.
Burning has no effect on the miners' remuneration.
Token burning stops when the network complexity is restored to the value
at which token burning began.
The token burning system is activated 6 months after the start
of the project





Wallets

Users can use all available cryptocurrency wallets that support Ethereum
network tokens (Metamask, Trustwallet and others) to store HCFH.

Instructions on how to add HCFH to your wallet can be found on the official
Discord and Githab