$HouseHippo Token
This page describes the purpose of the $HouseHippo Token, and its synergy with the $Geeks token, $Fire Token, and Hippo NFTs.
Last updated
This page describes the purpose of the $HouseHippo Token, and its synergy with the $Geeks token, $Fire Token, and Hippo NFTs.
Last updated
Purpose
The $HouseHippo token was created to become Geeks Ecosystem's flagship meme token and is the token that 100% of the Buy Back and Burns within the Ecosystem will be directed towards until the first peer-reviewed token is deployed.
$HouseHippo has an initial supply of two billion tokens, one billion on base and one billion on BSC. The distribution of these tokens can be seen in the table below:
Presale
There will be no presale for the $HouseHippo Token.
The $HouseHippo tokens allocated to the Treasury will be exclusively for marketing partnerships, and OTC deals to fund the Ecosystem.
The $HouseHippo Tax Structure varies based on the liquidity pool. After the first phase of Geeks Ecosystem is complete, $HouseHippo will be in six liquidity Pools. The tax structure can be seen below.
There are no transfer taxes on the $HouseHippo Token.
100% of the Buy Backs and Burns within Geeks Ecosystem will be directed towards the $HouseHippo Token until a new peer-reviewed token is deployed.
For example, assume $25,000 acquired from Tax Volume and Revenue is going to be put into BuyBacks. The BuyBacks begin by buying $Geeks with BNB/ETH. The moment this happens, the Price of $Geeks will increase. With the price of $Geeks Increasing, the $Fire, $DeFi, and $HouseHippo tokens that are paired with $Geeks in their respective pools will increase as well.
The outcome is:
The price of $Geeks between the 2 chains will be different
The price of $Fire on-chain will be different
The price of $Fire cross-chain will be different
The price of $DeFi on-chain will be different
The price of $DeFi cross-chain will be different
The price of $HouseHippo on-chain will be different
The price of $HouseHippo cross-chain will be different
Arbitrage will result in the prices reaching a new equilibrium. While everyone is buying the tokens and bridging, the Pups, Rabbits, Hippos, and Beavers will be earning volumetric rewards. The Shillitary wallet will also be filling up from the volume.
The $25,000 of $Geeks is then to buy $25,000 of $Fire Tokens, increasing the price of $Fire. With the price of $Fire Increasing, the $DeFi and $HouseHippo tokens that are paired with $Fire in their respective Pools will increase as well.
The outcome is:
The price of $Fire on-chain will be different
The price of $Fire cross-chain will be different
The price of $DeFi on-chain will be different
The price of $DeFi cross-chain will be different
The price of $HouseHippo on-chain will be different
The price of $HouseHippo cross-chain will be different
Arbitrage will result in rewards for the Pups, Beavers, Hippos, and Rabbits, and additional funds for more BuyBacks.
The $25,000 of $Fire is then used to buy $25,000 of $HouseHippo.
The outcome is:
The price of $HouseHippo on-chain will be different
The price of $HouseHippo cross-chain will be different
Arbitrage will result in rewards for the Pups, Beavers, Hippos, and Rabbits, and additional funds for more BuyBacks.
After the HouseHippo Tokens are burned, the process can be repeated from:
1) Step 1 using the ETH/BNB acquired from tax revenue
2) Step 2 using the $Geeks acquired from tax revenue
3) And/or step 3 using the $Fire acquired from tax revenue.
The $HouseHippoToken is not mintable except by the cross-chain bridge. These transactions do not increase in the total supply of $HouseHippo
During the launch phase there will be strict wallet restrictions that will be removed after launch.
The token launch for $HouseHippo is scheduled for ~2 weeks after the Fire Launch. The launch will result in six liquidity pools going live within the first hour. Prior to the launch ETH (undetermined amount) and 25% of Base supply will be placed into an LP Pool on Base. The same value of BNB and 25% of BSC supply will be placed into an LP Pool on BSC.
A $Geeks : $HouseHippo LP pool will be established on both chains shortly after launch. The value of $Geeks tokens added to the pool will be equal to the value of ETH & BNB in the pools on each chain, along with 25% of the supply of $HouseHippo.
A $Fire : $HouseHippo LP pool will also be established on both chains shortly after launch. The value of $Fire tokens added to the pool will be equal to the value of ETH & BNB in the pools on each chain, along with 25% of the supply of $HouseHippo. The wallet restrictions and taxes will follow the schedule below on both blockchains.
Buying Pressure At Launch
During the first hour, 100% of the $Fire tokens that were purchased using the launch taxes will be used to Buy and Burn $HouseHippo Tokens.
50% of the funds collected from the taxes over the first hour of the $HouseHippo launch will be re-invested into the $Geeks Token, used to purchase $Fire Tokens, then used to Buy and Burn $HouseHippo Tokens.
Shortly after launch the Wizard bridge will be updated to include $HouseHippo for cross-chain bridging between Base and BSC.
Once the $HouseHippo token is launched, the third phase of the Liquidity Web will be established. $HouseHippo will receive its value on each chain, based on the ratio of $ETH/BNB to $HouseHippo in the LP pools, as well as the ratios of $Geeks to $HouseHippo and $Fire to $HouseHippo. Once the bridge is live, arbitrage will ensure that the prices are within ~10% of each other. An additional benefit is that the $HouseHippoToken will not have a single point of failure, as the value is determined by six pools on two chains.
The HouseHippo token contract will be the same as the Geeks & Fire contract.
