What is the issue price of Highstreet (HIGH) coins?

The Highstreet (HIGH) coins were initially offered at $0.01 each during the public sale held on September 14, 2021.

Dec 17, 2024 at 04:11 am

What is the issue price of Highstreet (HIGH) coins?

Highstreet (HIGH) is the native token of the Highstreet metaverse, a virtual world that combines shopping, gaming, and social interaction. HIGH tokens can be used to purchase virtual land, goods, and services within the Highstreet metaverse. They can also be used to stake for rewards and to participate in governance votes.

The issue price of HIGH tokens was $0.01 per token. The tokens were sold in a public sale on September 14, 2021. A total of 1 billion HIGH tokens were sold in the public sale, raising $10 million.

Tokenomics

The Highstreet metaverse is governed by a decentralized autonomous organization (DAO). The DAO is responsible for making decisions about the development and operation of the metaverse. HIGH token holders can participate in the DAO by voting on proposals and submitting their own proposals.

The total supply of HIGH tokens is 10 billion. The tokens are distributed as follows:

• 20% (2 billion tokens) were sold in the public sale.
• 30% (3 billion tokens) are reserved for the team and advisors.
• 50% (5 billion tokens) are reserved for the ecosystem and community.

The tokens reserved for the team and advisors will be vested over a period of 3 years. The tokens reserved for the ecosystem and community will be released over a period of 5 years.

Use Cases

HIGH tokens can be used for the following purposes:

• Purchasing virtual land: HIGH tokens can be used to purchase virtual land in the Highstreet metaverse. Landowners can build stores, homes, and other structures on their land. They can also rent out their land to other users.
• Purchasing goods and services: HIGH tokens can be used to purchase goods and services within the Highstreet metaverse. Users can buy clothes, furniture, food, and other items from stores in the metaverse. They can also pay for services such as haircuts and massages.
• Staking: HIGH tokens can be staked to earn rewards. Staking involves locking up your tokens for a period of time. In return, you will earn a share of the transaction fees generated by the Highstreet metaverse.
• Governance: HIGH token holders can participate in governance votes. They can vote on proposals to change the operation of the Highstreet metaverse. They can also submit their own proposals for a vote.

Conclusion

HIGH tokens are the native token of the Highstreet metaverse. They can be used to purchase virtual land, goods, and services within the metaverse. They can also be staked for rewards and to participate in governance votes. The issue price of HIGH tokens was $0.01 per token. The tokens were sold in a public sale on September 14, 2021. A total of 1 billion HIGH tokens were sold in the public sale, raising $10 million.