Parallel Heiko (HKO)
Protocol
Heiko Finance is Parallel’s Canary Network and will launch on the Kusama blockchain instead of Polkadot , the purpose is to test new features before mainnet on Polkadot because Kusama has a higher risk tolerance.
Dec 18, 2021 00:00:00
Oct 23, 2023 00:00:00
ICO Details
What Is Parallel Heiko ?
Heiko Finance is Parallel’s Canary Network and will launch on the Kusama blockchain instead of Polkadot , the purpose is to test new features before mainnet on Polkadot because Kusama has a higher risk tolerance. Heiko is building for a future decentralized, empowering communities to increase the efficiency of capital use, security and accessibility through the platform loan auction (Auction Loans ) and bet with lever (Margin Staking). Heiko has similar features and functions as Parallel.
Parallel Heiko Unique Features
HKO token holders are delegated with voting rights and the ability to propose governance action, referenda, network upgrades, council elections, and other parameter adjustments.
HKO is a native fee token that is required to execute the functionalities and security of the protocol.
The native token is utilized to incentivize collators and validators, which is the mechanism that powers the decentralized node infrastructure of the network.
HKO token is utilized to hedge risks, incentivize rewards, and share profits. The insurance parameters are determined by HKO token governance in the event of a slash.
HKO will be burned whenever a fee is paid on our platform. These fees include money market fees, staking/unstaking fees, transaction fees, and any fees in our future fixed-rate products as well.
HKO will be added as an incentive for users to stake, lend, and borrow on Heiko.
Validators will have incentives to hold HKO in order to be whitelisted in our node evaluation schema/algorithm. The more HKO they hold, the better their chances will be of being nominated by our stakers.
Roadmap
Updating…
Parallel Heiko Token Economy
Updating…
Detailed Token Metrics
Updating…
Token Distribution
Token Release Schedule
Partners & Advisors
Team Members
Investors
Alameda Research, Hypersphere, Sequoia Capital, Shima Capital, gumi Cryptos, Pantera Capital, 8 Decimal Capital, Blockchain Capital, Breyer Capital, CMT Digital Ventures, Lightspeed Venture Partners, Slow Ventures, Continue Capital, Blockchange Ventures, Founders Fund, Blockchain.com Ventures