veHAM
Noahswap's governance relies on veHAM, which stands for Vote-escrowed HAM. This mechanism enhances decentralization. By utilizing veHAM, HAM holders unlock a range of features that enhance the token's utility.
veHAM also acts as an additional mechanism to reduce the HAM token supply, consequently enhancing the token's stability and fortifying the overall protocol's resilience. This makes veHAM an important tool in sustaining the long-term health and prosperity of the HAM ecosystem.
There are some point to take note about veHAM:
veHAM cannot be transfered.
When you stake HAM to veHAM, the process is irreversible. You'll need to wait until your chosen staking period ends to retrieve all your HAM tokens.
Obtaining veHAM
Stake HAM to receive veHAM. Your veHAM value is proportional to the amount and duration staked (up to a maximum of 4 months).Each wallet is associated with a single veHAM expiry date.
Your veHAM value will decay over time, and reaches zero once the lock duration is over. Your staked HAM will then be unlocked.
veHAM Utility
Governance Rights: Holders have the right to participate in governance and vote on proposals for protocol improvements. (The governance implementation will be coming in the future)
Token Listing Voting: Holders can participate in deciding which tokens will be listed on Noahswap.
Revenue Share: 20% of the total USDT minted on Noahswap will be distributed to veNOAH holders as a revenue share.
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