Hexonium

Hexonium ($HEXO) is the in-game currency of Cardano Lands and part of its GameFi component. The token is used across and beyond the CardanoLands ecosystem. It's used as a payment method in CardanoLands’ GameFi component and does therefore not hold any monetary value outside the game.

HEXO also does not have a capped total supply, which enables scalability. The more users join the game, the more HEXO will be earned (through activities) and burned (through in-game transactions).

The token has no pre-mine, no seed round, and no liquidity provision. Users can provide liquidity at their own accord. The reason behind the lack of liquidity provision by the team is its uncapped total supply and adjustable distribution rules. If the team would provide liquidity, the project would become less sustainable, as all in-game items would require dynamic pricing. We want all in-game items to have a static HEXO price and for the tokens to be burned each time a payment is made within the game.

HEXO is simply a tool to get more EXO, which is Cardano Lands's native token, and the token that can be sold on DEXs.

Furthermore, HEXO is free to earn and trade, but the claiming process requires registration at Cardano Lands and wallet pairing.

## HEXO distribution

   Users can obtain **HEXO** by staking NFTs from qualified CNFT collections.

The amount of rewards received in the form of HEXO is determined by the amount of quality CNFT that the user owns. The more user has qualified CNFT, the higher his daily reward.

To qualify CNFT collections into the Leaderboard or High League, users need to lock their EXO tokens into votes. These votes can then be distributed among CNFT projects in the Staking Hub in order to rank them. Their ranking and unique characterictics will then determine the HEXO rewards they generate.

Starting from September 1, 2023, there will be a limit on the amount of HEXO received by one user per day. **The base limit is going to be 250 HEXO per day.** This means that the user cannot receive more HEXO per day, but can continue to accumulate it. The daily limit will apply to HEXO production for staking. The limit won't affect HEXO royalties, Alchemist Gloves and HEXO production from lands.

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**NB! the daily HEXO limit comes into force on September 1, 2023**

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The user can increase his daily HEXO limit by performing activities on the platform or by owning certain nft. Some achievements raise the user limit permanently, such as:

* **Inventor: +100 points** (User opened at least 1 new resource in metalab)
* **Crafter: +10 points** (User succesfully crafted at least 10 resources in the metalab) ! Does not stack with other achievements in the crafting category
* **Crafterx50: +25 points** (User succesfully crafted at least 50 resources in the metalab) ! Does not stack with other achievements in the crafting category
* **Crafterx100: +50 points** (User succesfully crafted at least 100 resources in the metalab) ! Does not stack with other achievements in the crafting category
* **Discord: +20 points** (User has successfully connected their Discord account on the platform and has a level 10 role on the Discord server)

Some achievements depend on whether the user holds certain NFTs in their wallet, such as:

* **Small Land +50 points** (Hold 1 small land in the wallet) ! The bonus for the number of lands is cumulative
* **Medium Land +100 points** (Hold 1 medium land in the wallet) ! The bonus for the number of lands is cumulative
* **Large Land +200 points** (Hold 1 large land in the wallet) ! The bonus for the number of lands is cumulative
* **Voter +100 points** (Put at least 10,000 votes in any collection you want)

Both lists of the achievements will be updated as new mechanics appear on the platform.

Example of a HEXO limit: you are an active user, and: you crafted 63 resources in the metalab and you were lucky to invent 2 resources, you own 2x small lands and 1x large land and you contributed 25,000 votes for your favourite collection - then you will have:

250 (base) + 25 (crafterx50) + 100 (inventor) + 100 (x2small land owner) + 200 (large land owner) + 100 (voter) = 775 daily HEXO limit.

In addition to the main source of HEXO earning by staking qualified collections, this token can be obtained from:

* **Alchemist's Glove** - legendary CNFT from the Mining Tools collection. Holding this gives +100 HEXO per day. Alchemist Glove can be obtained for discovering new resources in the Metalab. See on jpgstore.
* **HEXO Lands** - there is up to **25% chance** that you can get a HEXO resource on the medium or large lands during the mint. Lands with this type of trait will bring to his owner (n) HEXO per day.
* **Metalab Royalties** - if you are lucky enought to discover any resource in the Metalab Game, then you will receive royalties from the Metalab store.

## Mining Power

The amount of Hexonium that is distributed daily is tied to the ratio between collection supply and amount of holders. This amount is called - “Mining Power”.

The mining power of a collection is increased parallel to the number of unique holders. Distributed rewards range from **0.1** up to **(n) Hexonium per day**. The following formula explains the calculation process for the mining power of each CNFT collection:

```
X = Const(10 000) / Supply
MP(NFT) = X * Holders / Const (1000)

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Definitions:

* **Const()** = Constant value (can be changed later by council decision)
* **Supply** = Collection supply by policy ID
* **Holders** = Collection holders amount by policy ID
* **MP(NFT)** = Mining Power per single NFT

## HEXO Utilities

HEXO is used for in-game activities. At the moment there are three core use cases, and more is expected to be introduced in the future.

### Metalab

Users can buy basic elements and resources that can be used for crafting in the Metalab section of CL platform. These resources are then used to create and upgrade major buildings on Lands. The more progress they make within the game, the easier it will be to mine EXO tokens from their Land.

### Gold Rush Event

CardanoLands enables users to mine EXO tokens by employing workers on their Land parcel(s). Every worker requires a daily allotment of HEXO, which can be thought of as their salary. This amount is automatically subtracted from the HEXO balance on CardanoLands. Additionally, to upgrade the land and increase EXO earnings, player will need to buy specific resources in the Metalab, which are priced in HEXO.

### Lands Gameplay

At the heart of future gameplay is the in-game currency HEXO, which will be consumed in all major aspects of the game - from paying workers for their labor to speeding up the construction of buildings. Most of the mechanics are based on consuming HEXO.

### Usage in partnered projects

Projects that partner with CardanoLands can boost the cash flow of their collections by having their NFTs earn HEXO.