HHG Token's Utility

Henthusiast Haven Guild is an organization founded in the Philippines that started around the later months of 2021 and is still alive and kickin' this year, 2022. The guild aims to create haven, a safe place for gamers and content creators that supports each other. And this, the realization of its own governance token— **HHG Token, is a big step and leap of the guild and we are taking you guys with us!**

Learn more about Henthusiast Haven Guild

Going back, Henthusiast Haven Guild's Governance Token (HHG) is the determining factor that can sway every decision making inside the Guild. HHG Token as a governance token has the following utilities:

1. Voting Power

Holding HHG Token will give you eligibility to vote on proposals submitted in the guild. Giving power fair for everyone, the guild is using a tiered system of which the number of HHG Tokens you hold will determine the weight of your vote.

2. Proposal Fee

The creation of proposals is a vital and important guild activity as these proposals can create big impacts in the guild. To protect the guild from malicious proposals, we are requiring a proposal fee so that everyone would think twice before submitting their proposals.

3. Buy Back & Reward

Just by holding HHG Tokens, you'll be eligible to receive rewards from the profit made by the guild. This is a way of appreciating our investors and tokenholders in buying HHG Token. To better understand how this works, see the illustration below.

Buy Back and Rewards

50% of the profit made from the Guild Scholarship Program, will be used to buy back HHG Tokens in the market. All tokens bought will go directly to our tokenholders, ensuring that there is demand on our token.

These three utilities are currently in place for the HHG Tokens, however, these may or may not change depends on how the governing body of the guild decide, meaning it's up to you! Hoping for more utilities though hehe :)