Introducing the HONOR token!

Introducing the HONOR token!

(Now available at www.steem-engine.com)

Purpose

The HONOR token is the official token of the Knights United guild in Splinterlands. It will be used for tracking active participation among the guild members and for rewarding contributions. There is no declaration or assertion of defined value associated with this token.

Any STEEM/SBD received from the distribution of this token will be used for the purposes of creating greater in-game value which can be used to further reward guild participants and token holders. It is the intention of the account administrator to freely distribute all DEC tokens received by this account to token holders proportionally (excluding all HONOR retained by @knightsunited).

Token Supply

• Max Supply: 1,000,000 HONOR
• Current Supply: 1,000,000 HONOR
• Decimal Precision: 0

Distribution

The distribution of HONOR is as follows:

• 700,000 HONOR will be available for manual distribution to guild members.
• 2,500 HONOR will be given to @tokensink for the initial 100 ENG contribution for token creation.
• 297,500 HONOR will be set up in ascending sell walls.
• Of this amount, the first 70,000 HONOR will be listed at 0.04 STEEM/HONOR
• The next 2,500 HONOR will be listed at 0.05 STEEM/HONOR.
• Every incremental 0.01 STEEM/HONOR will have volume of the previous step +500 HONOR volume until reaching 15,000 volume selling at 0.30 STEEM/HONOR.

Demand

While there is no guarantee of demand, all earned rewards (excluding DEC) and post rewards (excluding STEEM/SBD) will be sent to @tokensink for the purposes of liquidation and purchase of HONOR tokens at the lowest asking price.

@knightsunited anticipates to buy/rent and sell/lease Splinterlands cards when appropriate market conditions prevail to best serve the Knights United guild and HONOR token holders.