🔒xTORCH Token
Hercules' Escrowed Token for Sustainable Tokenomics
Last updated
Hercules' Escrowed Token for Sustainable Tokenomics
Last updated
Name: xTORCH Token Ticker: xTORCH Chain: Metis Andromeda Network Contract: 0xF192897fC39bF766F1011a858dE964457bcA5832
xTORCH is a non-transferable escrowed token, corresponding to staked TORCH. xTORCH can be allocated to Hercules plugins to activate various benefits.
xTORCH can be obtained by converting TORCH or as a farming reward.
xTORCH plays an important role in the sustainability of Hercules tokenomics:
Farming rewards are allocated in the form of TORCH/xTORCH in a 20/80 ratio, meaning most of the emissions require a vesting period to become liquid.
Sustainable tokenomics is enhanced through several xTORCH benefits.
