On April 10th, a new era for the $HEGG token will begin. HEGG resides on Binance Smart Chain.
$HEGG was launched in August 2021 by Hummingbird Finance with 50 million tokens and is the governance token for the NestSwap platform. Like Cake on Pancakeswap, HEGG is inflationary, with tokens minted in HEGG staking pools and LP farms.
The community has recently voted for HEGG to switch to a fixed supply, and the team has backed this vote with a commitment to lower supply further. On April 10, 2023, the token's mint function will be permanently disabled.
Further good news for holders: there is no need for tokens to be swapped.
Same contract
Same token
Lower supply!
The move to a fixed supply will encourage new investors as the inflation worry will be removed. The team plans to burn tokens to bring circulation down to around 47 million HEGG.
Most importantly, anyone who has staked HEGG or any other tokens on the NestSwap platform should check and remove any staked tokens before 10th April.
As of this publication, there are still 6.8 million HEGG staked.
Once the MINT function has been closed, any unclaimed rewards may be lost. Those that forget to remove tokens will always have access to remove their stake, as many people forget!
For any questions or concerns visit the Hummingbird Finance telegram group or reply to this article
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