Vote & Claim

Refer to the live ratio on the Vote page of our DApp

xHONO Utilities

xHONO is the governance token for the HONO Protocol and offers several important utilities that allow holders to participate in decision-making and earn rewards. Here's how it works:

1. Governance Voting

xHONO holders play a critical role in the governance of the HONO Protocol. As the governance token, xHONO allows holders to vote on major protocol decisions raised by the governance committee. These decisions can include updates to the protocol, changes in strategy, the introduction of new features, or adjustments to existing mechanisms. Governance is decentralized, meaning xHONO holders collectively make important decisions that shape the future of the protocol.

* How Governance Works: Proposals are submitted by the governance committee and can be discussed by the community in the forum. After sufficient discussion, xHONO holders vote on these proposals. The outcome of these votes directly impacts how the HONO Protocol evolves.

2. Emission-Directing Voting Mechanism

~~xHONO holders have the power to influence the distribution of newly minted HONO through an emission-directing voting mechanism. This is done through two types of "pool minters," which are smart contracts that mint HONO based on incoming revenue.~~

* ~~Master Pool Minter~~~~: This pool converts 10% of incoming master revenue into HONO. Of this, 2% is made available for xHONO holders to convert into HONO, while the remaining 8% is sent to the loan pool for future projects.~~

~~xHONO holders can~~ ~~stake~~ ~~their tokens to adjust how much HONO is allocated to each pool. The default weight distribution:~~

* ~~Loan Pool~~~~: 800 points (80% of emissions)~~
* ~~xHONO Pool~~~~: 200 points (20% of emissions)~~

~~By staking xHONO, holders can change these allocations, allowing them to influence how the protocol grows and generates value.~~

3. Conversion to HONO

~~xHONO holders can convert their xHONO into HONO at a 1:1 ratio at any time. A small ~~2.5% fee~~ applies to all conversions, which is paid in ETH based on the HONO price at the time of conversion.~~

~~In summary, xHONO gives holders a voice in the governance of the protocol, allows them to influence key emissions decisions, and offers flexible options for converting and managing their holdings. By participating in governance, staking, and conversion, xHONO holders actively contribute to the growth and evolution of the HONO ecosystem.~~

2. Voting Rewards: Direct 10% of Protocol Income

(Updated on Aug 29th, 2025)

Stake your xHONO to decide how we split 10% of HONO Protocol income between:

* DAO Pool — our growing treasury for future revenue strategies
* xHONO Pool — shared with every voter, regardless of pool choice

2.1. How it works

1. Pick a pool. Stake xHONO toward DAO or xHONO (you can split your stake).
2. Your stake = your vote. The more xHONO pointed at a pool, the larger the share of the 10% it receives this period.
3. Earn as long as you stake. Rewards from the xHONO Pool are shared among all staker, time-weighted and amount-weighted. Longer and larger stakes earn a bigger slice.

Example: If votes land 60% DAO / 40% xHONO, then 6% of protocol income goes to the DAO Pool (treasury), and 4% is distributed to the xHONO Pool.

2.2. Why the DAO Pool matters

Today, the DAO Pool accumulates. Soon, it will be deployed into revenue-generating strategies to compound protocol income. In short: we’re stacking dry powder now so we can earn more later.

2.3. Quick notes

* You control the split. Pool weights are set by how much xHONO users stake to each pool.
* xHONO Pool pays stakers. Payouts are algorithmic: amount staked × time staked (while your xHONO remains staked).
* DAO Pool is for future growth. It’s a treasury for future deployments designed to grow protocol revenue.