Understanding the Helix (HLIX) Economy
The tokenomics of Helix (HLIX) are designed to support a secure, decentralized, and sustainable ecosystem. Below are the key parameters and characteristics of the HLIX token.
Core Identifiers
Name: Helix
Ticker: HLIX
Public Address Prefix: H
Supply & Distribution
Maximum Coin Supply: 500,000,000 HLIX (Five Hundred Million HLIX)
Note: The supply of HLIX is strictly capped at 500 million, ensuring scarcity and a predictable monetary base.
Premine: 1% of Maximum Supply (5,000,000 HLIX). This was allocated for initial development, bounties, marketing, and future ecosystem support.
Initial Coin Offering (ICO): None. Helix was launched without an ICO, promoting a fair distribution model.
Consensus & Network Parameters
Consensus Type: Hybrid - Proof-of-Stake (PoS) and multi-algorithm Proof-of-Work (mPoW-3).
Proof-of-Work (PoW) Algorithms:
- Quark (Native to Helix)
- Argon2d (Argon2d.4096, Merge-Mineable)
- SHA256d (Merge-Mineable)
Mineable: Yes (via PoW algorithms)
Stake-able: Yes (via PoS mechanism)
Block Target Time: Approximately 60 seconds
Transaction Maturity: 50 confirmations (for mined/staked coins to become spendable)
P2P Default Port: 37415
HLIX Token Utility
HLIX is the native cryptocurrency of the Helix blockchain and serves several key functions within the ecosystem, including but not limited to:
- Transaction fees for sending HLIX or interacting with blockchain features.
- Collateral for running Masternodes to support network services and security.
- Staking to participate in network consensus and earn rewards.
- Potential future use in governance mechanisms and decentralized applications built on Helix.
Disclaimer
The information provided on this page is for informational purposes only and is subject to change as the Helix project evolves. Always conduct your own research before making any investment decisions.