🪙Tokens

HAUNTED

Haunted token is designed to be used as a medium of exchange.

The built-in stability mechanism in the protocol aims to maintain Haunted's peg to 1 XinFin Token (XDC) token in the long run.

Note that Haunted actively pegs via the algorithm, it does not mean it will be valued at 1 XDC all times as it is not collaterized . HAUNTED is not to be confused for a crypto or fiat-backed stablecoin.

HSHARE

Haunted Shares (HSHARE) are one of the ways to measure the value of the Haunted Protocol and shareholder trust in its ability to maintain Haunted close to peg.

During epoch expansions the protocol mints Haunted and distributes it proportionally to all HSHARE holders who have staked their tokens in the Staking (boardroom).

HSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the haunted finance ecosystem. HSHARE has a maximum total supply of 70000 tokens.

HBOND

Haunted Bonds (HBOND) main job is to help incentivize changes in Haunted supply during an epoch contraction period.

When the TWAP (Time Weighted Average Price) of HAUNTED falls below 1 XDC, HBONDs are issued and can be bought with HAUNTED at the current price. Exchanging HAUNTED for HBOND burns HAUNTED tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 XDC.

These HBOND can be redeemed for HAUNTED when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for HAUNTED when it is above peg, helping to push it back toward 1 XDC. Contrary to early algorithmic protocols, HBONDs do not have expiration dates. All holders are able to redeem their HBOND for HAUNTED tokens as long as the Treasury has a positive HAUNTED balance, which typically happens when the protocol is in epoch expansion periods.