HYDRA Documentation
  • Introduction to Hydra Chain
  • HydraGon
    • Migrate to HydraGon
    • Staking Calculator
  • Legacy Hydra
  • FAQ
  • Hydra web wallet
    • Create New Wallet
      • Key File Option
      • Mnemonic Words Option
    • Access Your Wallet
      • From Mnemonic Words
      • From Private Key
      • From Key File
    • Send and Receive Assets
      • Receive Assets
      • Send Assets
    • Add HRC20 Token
    • Setup Offline Wallet
  • Hydra web browser extension
    • How to integrate with dApps
  • Hydra for Beginners
  • Ledger Nano Guide
  • Hydra Bridge
  • HydraDEX
    • Adding and Removing Liquidity
    • Liquidity Mining on HydraDEX
  • Useful Links (Legacy)
  • Essentials
    • UTXOs Accounting
    • Test & Main Networks
    • Desktop wallet basic usage
    • Wallet Encrypt, Backup and Restore
    • Hydra Core Wallet Commands
    • Adding Nodes
    • Encrypt and Unlock Hydra Wallet
    • Wallet Recovery With Salvagewallet
    • bech32 support
    • Repositories
    • Hydra Exchange Usage Guide
    • How to Add Options
    • How to Use bootstrap.dat
    • Command Lines (RPC API)
    • Guidance of Hydra Deployment and RPC Settings
    • How to Build Hydra on Raspbian
  • HRC20 Tokens
    • HRC20 Token
    • HRC20 Raw Transactions
    • HRC20 With Hydrachainjs
    • HRC20 DApp
  • HRC721 Tokens
    • HRC721 Token - How to deploy
  • How Transactions Work
  • Hydra Economy (Legacy)
    • The Flexible Supply Mechanism
    • Legacy Staking Calculator
  • Installation Guides
  • Guide for Linux
  • Guide for Raspberry Pi
  • Guide for MacOS
  • Staking HYDRA Coins
    • Setting up Staking
    • Staking with Windows VPS on AWS
    • Staking with Linux on DigitalOcean VPS
    • How to Stake Hydra on Linux
    • Stake With Linux VPS
    • How to Stake on FreeBSD
    • Hydra node health check
    • Superstaking
    • Delegating to Superstaker
    • Delegating via Mobile App or Web Browser
    • Lydra Basics
    • Understanding LYDRA — Key Concepts and Dynamics
  • Hydra Chain Core Team
  • KYC/AML Policy
  • Privacy Policy
  • API Documentation
    • Explorer API (in work)
      • General Blockchain Info
      • Fetching Transaction History for HYDRA and HRC20 tokens
      • Block Info
      • Transaction Info
    • Hydra DEX API
  • Community Tools
    • Github repository
    • Docker image for Hydra Node
    • Hydradex.org Custom Lists
  • Security Audits Hydra Bridge
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On this page
  • Distribution Mechanics
  • Stage 1 - Cold Launch (Oct 2020 - Dec 2020)
  • Stage 2 - Liquidity Event (Jan 2021)
  • Stage 3 - Airdrop to Community (March 2021 - Feb 2022)
  • Stage 4- Full Operation

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  1. Hydra Economy (Legacy)

HYDRA Distribution

Last updated 4 months ago

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If you are a first time visitor, we highly recommend you to read "Staking Income" material first

Distribution Mechanics

Originally in 2018 Hydra was designed as a component of LockTrip (LOC), which was later decided to be unpegged and separated as a standalone project. This essentially means HYDRA is a blockchain that was developed by a team that had a unique practical usage perspective as a DaPP developer first. A unique perspective that has put the focus on critical economic limitations of existing chains and made it possible for next-generation block economy to be iterated.

The decision came through a community vote. The LockTrip community evaluated HYDRA as an extraordinary project with unique economic and technical capabilities and far too big potential that deserved to be unpegged and put on its own independent trail.

In this context, Hydra Chain has been financed and developed by the LockTrip team and community, the distribution of the HYDRA coins will happen to LOC holders proportionally to the amount they hold, over a gradual 12-month process. The launch of the blockchain is planned in three stages, of which each is described briefly below.

Stage 1 - Cold Launch (Oct 2020 - Dec 2020)

Initiates with the launch of mainnet. The blockchain will initially be supported with core nodes and thus will start off as a decentralized and permissionless network, which due to the consolidated amount of HYDRA, will be characterized with relatively centralized staking power. This will be for a period of 3 months. During this time period, the external infrastructure will be set in place, such as exchange integrations, wallet integrations.

In order to support on-chain transactions, a small supply of HYDRA coins will be available on exchanges for purchase immediately after the main-net has been launched.

Stage 2 - Liquidity Event (Jan 2021)

An open order book liquidity event will be held to offer 150,000 HYDRA to exchanges. The purpose of the event is to

  • Establish the market-driven price of HYDRA

  • Provide access to HYDRA for GAS purposes

  • Allow users to get an idea of how staking works with HYDRA

Stage 3 - Airdrop to Community (March 2021 - Feb 2022)

Stage 3 represents the main phase in terms of HYDRA coin distribution and gearing up the transactional activity on-chain. Over a period of 50 weeks, HYDRA coins will be airdropped to LOC holders on a weekly basis (1.3% per week), with a new snapshot being made each week.

For example, a user owning 10,000 LOC tokens at the time of the weekly snapshot, will receive 10,000 HYDRA x 0.013 = 130 HYDRA for that particular week. And the process will be repeated for a total of 50 weeks.

The first snapshot was taken on April 1 2021.

The transition towards complete decentralization will happen during this stage.

The airdrop will ensure the HYDRA genesis originates with the community that created it

You can participate in the airdrop through the link below:

Stage 4- Full Operation

The final stage marks the completion of the migration process. With the airdrop of HYDRA coins being finalized, both the transactional economy as well as the staking weight of community nodes will reach its natural trajectory.

In order to incentivize HYDRA coin owners to stake their coins, the inflation during this period of transition will naturally be higher due to the overall lower network weight (described in ). The staking power of the community will grow gradually as the airdrop progresses and the staking weight of the company nodes will be reduced to allow for the community to slowly take over.

https://hydrachain.org/hydra-economy/staking-income-or-high-apy
Staking Income
LogoJoin the Whitelist for the HYDRA Distribution Event!Medium