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HCFW new token for mining PoW Plus consensus on GPU, ASIC resist
by
HCFofficial
on 05/08/2023, 08:07:57 UTC
               







HCFW is a token based on the Polygon blockchain that can mine on GPUs
via a smart contract with a unique tailor made PoW Plus consensus.

Humans Care Foundation: Water is a project of the Humans Care Foundation.


Mission

HCFW’s mission is to protect and restore the world water resources and ensure people’s access
to clean water. We believe that using innovative solutions made by HCF and attracting the attention of the
world community, we will influence the overcoming of this humanitarian problem.


Tokenomics

At the stage of token generation, tokens are distributed to the main HCFW wallets.
The total supply is 21,000,000 HCFW and it is divided to:
  • «PoW Plus General Wallet» - 5,000,000 HCFW
  • «Staking General Wallet» - 12,000,000 HCFW
  • «Project Tokens» - 4,000,000 HCFW


PoW Plus stage

On the 26th of January 2023, the source code of the network became available to
miners. The remuneration is set so that 5,000,000 HCFW tokens are stretched to be mined
within 3 years. (Without activation of the token burning system)

Block time 30 min
Reward per block 93 HCFW
Daily reward 4,464 HCFW
Approximate time of mining 1 120 days



Staking stage

The Staking Share contains 12,000,000HCFW of the total supply. The emission of it
is stretched for 12 years, 1,000,000 of HCFW is distributed annually so 83,333 HCFW is
distributed on a monthly basis. This monthly emission is used for:
  • Reward users who have made a donation. This loyalty program
    is called “Lifetime Staking”;
  • Reward users who have staked their tokens on HCF platform.

There are two ways to stake HCFW tokens - fixed and flexible
staking.
To replenish the “HCFW Security Wallet”. To be more specific - 25% of monthly
emission goes to this wallet.



Project tokens

4,000,000 HCFW are distributed to 3 wallets. Wallet addresses and
information about them are posted on the official resources. These wallets are:

Charity Share - 3,000,000 HCFW (75% of project tokens)
The main and only purpose of this share is to be burnt after the donation is made.
Operational reports on donation distribution will be published on the official resources
of the project. In addition, the official resources of the platform will informationally
cover the events held as part of the charitable programs.

Developers share – 800,000 HCFW (20% of project tokens)
This is the share that is created for developers. It may be used for rewarding them
as well as spent on HCF platform maintenance and functionality development as well
as scaling the HCF ecosystem. This is up to developers, this is why it’s called
“Developers Share”.

Activity share 200,000 HCFW (5% of project tokens)
These tokens are aimed at increasing the community and the number of active users,
attracting additional funding to the project and developing marketing.



Donation mechanism

The HCFW project connects donors and the Charity Initiatives together.
A user who has made a donation becomes a Donor of the HCFW project, gets his
share from monthly emission and gets his right to vote for funding a particular
Charity Initiative.
The amount of money for each donation is split into three portions.
  • 70% of it is divided between all the Charity Initiatives in equal
    proportions. Before these funds are sent to Charity Funds - they are accumulated in
    the HCFW Charity Savings Wallet. All the payouts are made once every two weeks.
  • 25% of it is also held in the HCFW Savings Wallet and is a subject
    to vote. Users choose the Charity Initiative they emphasize most. After the voting is
    over - this amount is sent to the winner of voting.
  • 5% goes to “HCFW Reserve Wallet”. The name speaks for itself.
    When there is no time to hesitate for a specific Charity Initiative - we sponsor it.
    Having distributed the funds, the corresponding HCFW tokens amount is burned then.
    All the HCFW donors are invited to the “Lifetime Staking Loyalty Plan”.


Voting system

The mechanism of all donated funds' distribution as well as the tool to govern
the HCF evolution is one of the key features of the platform.

The main idea of donation distribution lies in each charity initiative getting part of it. Thus
70 % of accumulated funds are equally spread within them. 5% goes to the "HCFW
Emergency Wallet" while the remaining 25% is becoming a subject to vote.

All HCFW donors and token holders can vote which charity initiative on the platform
should receive additional funding with 25% of all the accumulated donations as well as
influence the integral decisions of the project development such as technical and fundamental
updates, the implementation of joint programs with global NGOs and all sorts of issues where
a collective decision should be made.

1 HCFW token gives the user 1 vote. The voting timespan is 2 weeks.

As soon as it is over - the funding goes to the winner.

The voting process is open and everyone can see the intermediate results in order to make
their choice much smoother.



Token Burning System

Donation

When the donation is made, the corresponding amount of HCFW tokens is burnt.
This is made in order to reduce the amount of circulating tokens so that every single one of
them has more value.



How to get HCFW
  • Participating in Staking Programs
  • Mining
  • Donate and receive your Lifetime Staking
  • Buy on Crypto Exchanges
  • Activities


HCFW’s contract address
0xd4Cce747e623CE2D72322892e5DB238e2A5eb4F3


Our contacts
Website: carefound.io/HCFW
Email: HCFW@carefound.io
Github: HCFofficial
HCFW is developed by HCF (Humans Care Foundation)

You can find all the detailed information about the HCFW in our whitepaper.