Project Good: The Herencia ($HXA) token is the native utility token of the Herencia platform.

Introduction.

NFT is a digital asset that represents real world objects such as paintings, music art, in-game items, to short videos. They are bought and sold online, are often paid for with cryptocurrency, and are generally encoded using underlying software similar to other crypto assets.

Although they have been around since 2014, NFTs are gaining popularity nowadays as they are considered a convenient method to buy and sell digital art. NFTs are also generally rated as one of the very limited transaction processes and have a unique identifier code.

This fact stands in stark contrast to most digital creations, which are in almost always unlimited supply.A s many already know, NFT is one of the latest technologies that is currently booming in the art world.

This is true because its characteristics and uniqueness have re-evaluated the digital art sector. NFT itself offers security for works to be published online. For those of you who don't know, content that is disseminated online can usually be claimed easily and can cause harm to the creator.

Blockchain technology in NFTs guarantees artists the ownership of their work. It is a way for digital artists who have been struggling with the dangers of plagiarism and creative theft. Herencia Artifex, the NFT project for artistic collaboration across genres, sells the first NFT.

Herencia Artifex promotes collaboration across the boundaries of the art world and provides a place for artists of various backgrounds and styles to come together and produce creative work.

HXA as a Utility Token

For all the NFTs and exclusive access to private sales, HXA tokens are the foundation. It has five main utilities, including staking, governance and voting, exclusive access to private sales, tradable assets, and engagement incentives.

The initial supply of HXA tokens will be generated through a fair and transparent distribution process, which includes a public token sale and allocations for strategic partners, team members and community incentives.

The total supply will be capped at 500 000 000 000 HXA tokens to ensure scarcity and value appreciation.

What is HXAcoin?

HXAcoin is set to revolutionize the way users interact with the platform, offering various features such as staking programs, collaborations with real-world brands, and a user-tier level system. In this article, we will explore the HXAcoin token in depth, examine its tokenomics, main features, and the promising roadmap for the future of Herencia Artifex.

HXAcoin is a decentralized digital currency that operates on blockchain technology, similar to other cryptocurrencies like Bitcoin and Ethereum. What sets HXAcoin apart is its focus on scalability, security, and energy efficiency. The development team behind HXAcoin has worked tirelessly to create a system that ensures fast and cost-effective transactions, making it a viable option for both individual users and businesses.

HXA token is the native utility token of the Herencia Artifex platform and is compliant with the ERC-20 token standard for the Ethereum chain with mature security performance, processing power, and various durability features.

Key Features:

Staking Program: Herencia Artifex implements a decentralized application that allows users to stake their HXA tokens for a specified period. By locking their tokens, participants can earn rewards in the form of Herencia Points (HP). The longer and more tokens a user stakes, the greater the HP rewards they receive. This mechanism encourages users to hold and stake their HXA tokens, enhancing the overall stability and engagement within the platform.

Collaboration with Real-World Brands: Herencia Artifex has formed strategic partnerships with real-world brands, opening the doors to private sales of exclusive items. Through the tiered staking system, users gain access to these private sales and unlock additional benefits based on their tier status. This integration of real-world brands brings a novel dimension to the platform, creating exciting opportunities for both users and partner brands.

User-Tier Levels System: The user-tier levels system is a unique feature that provides varying degrees of access and privileges based on a user’s staking activity and the number of HXA tokens they hold. This tiered approach incentivizes users to increase their participation and stake higher amounts of HXA tokens to climb the ranks and unlock exclusive benefits.

Governance and Voting: As a utility token, HXAcoin plays a vital role in the governance of the Herencia Artifex platform. Token holders have the power to participate in voting processes, helping shape the platform’s future developments, updates, and major decisions. This democratic approach ensures that the community’s voice is heard, fostering a sense of ownership among users.

Loyalty and Rewards Program: Loyalty is rewarded on the Herencia Artifex platform through various incentive programs. Active and engaged users can earn additional rewards and benefits, further enhancing their experience within the ecosystem.

Tradable Asset: Apart from its utility within the platform, HXAcoin is also a tradable asset, allowing users to trade it on various cryptocurrency exchanges. This feature grants users the flexibility to manage their holdings and leverage market opportunities outside the platform.

Allocation Breakdown:

Presales (20%): 100,000,000,000 HXA tokens are allocated for presales, with 5,000,000,000 tokens made available during the TGE (Token Generation Event). The remaining tokens are subject to a vesting period of 10–20 months with a linear unlock, depending on the round.

Staking (10%): 50,000,000,000 HXA tokens are dedicated to the staking program, allowing users to earn rewards by locking their tokens for a specific period.

Bounty (5%): 25,000,000,000 HXA tokens are reserved for bounty programs, encouraging community engagement and participation.

Ecosystem Development (15%): 75,000,000,000 HXA tokens are allocated to support the growth and development of the Herencia Artifex ecosystem. These tokens are subject to a vesting period of 48 months with a linear unlock.

Partnerships and Growth (25%): 125,000,000,000 HXA tokens are dedicated to forming partnerships and fueling the expansion of the platform. These tokens are subject to a vesting period of 36 months with a linear unlock.

Team (10%): 50,000,000,000 HXA tokens are allocated for the team, with a 6-month lock followed by a 96-month linear unlock period.

Marketing (10%): 50,000,000,000 HXA tokens are designated for marketing efforts, with a linear unlock period of 20 months.

Liquidity (5%): 25,000,000,000 HXA tokens are set aside to ensure liquidity within the platform.

Conclusion.

For all NFTs and exclusive access to private sales, the HXA token is the foundation. HXAcoin, the native utility token of the Herencia Artifex platform, represents a promising future in the cryptocurrency landscape.

With well-defined tokenomics, staking programs, collaboration with real-world brands, and a user-grade level system, HXAcoin offers users an engaging and rewarding experience. As the platform continues to evolve and expand its features, HXAcoin's potential impact on the blockchain industry looks bright, cementing its position as an important player in the on-demand token economy.

Investing in HXAcoin goes beyond financial gains. Token holders have the power to influence the future of the platform through governance rights. This means having a say in vital decisions such as new clothing brand partnerships, platform upgrades, and token economics. As an investor, this level of participation ensures that your voice is heard and that the platform aligns with the community's values and interests.