💵H1 Token - Powering the Haven1 Ecosystem

The H1 token is central to the Haven1 ecosystem, with multiple roles enhancing its value and utility:

Application Fees are paid in H1

Even though the Haven1 network is gasless, users might have to pay application fee(decided by the developer of the application) to perform specific actions on the network. This Fee is paid always in H1 which creates healthy demand of H1 token in Haven1 ecosystem

Fee Redistribution from Application Fees to users who hold and stake H1

Fees from Core Protocols

Fees generated from the use of Haven1's core applications contribute to the token's value, benefiting holders.

Application Fee from Third-Party Applications

A portion of the application fees generated by third-party applications on the network is distributed to users staking H1 tokens, creating a direct financial incentive to hold and stake H1

Governance Participation

H1 token holders are crucial to the governance of Haven1, influencing decisions on protocol updates, incentive distributions, and strategic project directions through voting mechanisms.

Ecosystem Incentives

The token is also instrumental in rewarding various network participants, including validators, developers, and community members, aligning their efforts with the network's growth and success.