# $HANDL Token

### 1. Utility

The utility of $HANDL expands as the ecosystem grows. At the beginning, $HANDL is used for the following:

<table><thead><tr><th width="240">Utility</th><th>Description</th></tr></thead><tbody><tr><td><span data-gb-custom-inline data-tag="emoji" data-code="26fd">⛽</span> Gas abstraction</td><td>Users can execute transactions across any supported network using only $HANDL in their wallet. This includes cross-chain, and in the coming months off-ramps too.</td></tr><tr><td><span data-gb-custom-inline data-tag="emoji" data-code="1f451">👑</span> Access premium tiers</td><td><p>Staking or holding a min balance of $HANDL provides access to exclusive features, such as</p><p></p><ul><li>set up inbound rules (e.g. auto-convert all incoming payments  to USDC, convert X% to BTC, etc.)</li><li>eligibility for airdrops of new tokens added to the network</li><li>customizable payment pages (e.g. branded)</li></ul></td></tr></tbody></table>

### 2. Tokenonomics

The total supply is 1 billion $HANDL with 15% allocated to liquidity. The token has been designed to sustain a steady value appreciation and to incentivise adoption through the following mechanisms:

#### Diminishing supply

$HANDL will be burnt for transactions received by social media usernames, WhatsApp numbers, and email addresses. Burns will be publicly announced, rate reduces over time.

#### Usage incentives

Through an incentive program, people earn points for every payment received to their social media username and other activities providing value add to the growth of the ecosystem. Periodic reward distributions are allocated based on the points earned over time.&#x20;

#### Buybacks&#x20;

Regular buy backs to optimise price performance.

### 3. Token Distribution

<table><thead><tr><th width="257">Allocation</th><th width="150" align="right">Total $HANDL</th><th>Release Schedule</th></tr></thead><tbody><tr><td>Team &#x26; Advisory</td><td align="right"><code>68,235,294</code></td><td>12 months cliff, 12 months linear vesting</td></tr><tr><td>Exchanges</td><td align="right"><code>150,000,000</code></td><td>DEX/CEX Liquidity</td></tr><tr><td>Marketing</td><td align="right"><code>200,000,000</code></td><td>5% TGE, 12 months linear vesting</td></tr><tr><td>Development &#x26; Ecosystem</td><td align="right"><code>270,653,831</code></td><td>0% TGE, 12 months linear vesting</td></tr><tr><td>Seed Round</td><td align="right"><code>47,058,824</code></td><td>5% TGE, 9 months linear vesting</td></tr><tr><td>Private Round</td><td align="right"><code>200,000,000</code></td><td>10% TGE, 6 months linear vesting</td></tr><tr><td>KOL Round<br>FDV<code>$3,6m</code></td><td align="right"><code>13,840,830</code></td><td>20% TGE, 3 months linear vesting</td></tr><tr><td>Public Presale<br>FDV<code>$3,8m</code></td><td align="right"><code>35,211,221</code></td><td>20% TGE, 3 months linear vesting</td></tr><tr><td>Public Sale<br>FDV<code>$6,0m</code></td><td align="right"><code>15,000,000</code></td><td>35% TGE, 3 months linear vesting</td></tr><tr><td><strong>Total</strong></td><td align="right"><strong><code>1,000,000,000</code></strong></td><td></td></tr></tbody></table>