Weekly Token Spotlight: HUNT
HUNT is the utility and governance token of the DexHunter DEX Aggregator on the Cardano blockchain.
HUNT is the utility and governance token of the DexHunter DEX Aggregator on the Cardano blockchain. DexHunter is currently the leading DEX Aggregator on Cardano and provides users with a smooth user experience and feature rich platform. This article will explore HUNT, its tokenomics, utility, and more.
Hunt Distribution & Tokenomics
Hunt Distribution Pro page on TapTools
HUNT has a maximum supply of 100,000,000 tokens. Currently 77.98 Million of these tokens are in circulation, equivalent to 78% of the tokens supply. With a current token price of 0.226 ADA, this gives HUNT a market cap of $6,712,409 and a fully diluted market cap of $8,607,410, placing it at #20 in the Top 50 on TapTools.
There are currently 3.14k wallets holding HUNT, up 15.74% over the last 30 days. The token’s median holder balance is 1.52K HUNT equivalent to 322.94 ADA, while the average holder age is 41.18 days, highlighting a constant increase in unique addresses that hold the token.
The above graphic provides a detailed breakdown of HUNT’s tokenomics. The majority of the token supply was allocated to the presale, leaving a modest 10% for the team. Additionally, 5% has been earmarked for trading incentives, raising anticipation for potential trading events or competitions that DexHunter may introduce to its platform users in the future.
Liquidity
HUNT Liquidity Pro page on TapTools
HUNT has 1.65 Million ADA in liquidity across 5 Decentralized Exchanges on Cardano. The vast majority of this liquidity is on minswap at 83.71% of the token’s total liquidity, followed by Spectrum Finance which holds 14.97% of the total liquidity, and VyFinance being the third most liquid DEX at 1.32% of the token’s total liquidity.
Profit Leaderboard
HUNT Profit Leaderboard page on TapTools
Looking at the Profit Leaderboard for HUNT, currently, 88% of holders are in realized profit, while 54% of holders are in unrealized profit. At this time 60% of holders are in profit while 40% of holders have a loss. The leading wallet in the profit leaderboard has a realized profit of 103,228 ADA, with an average buy price of 1.80 ADA per token, and an average sell price of 0.232 per token.
Volume
HUNT Volume Profiler page on TapTools
HUNT currently has a Lifetime Trading Volume of 95.06 Million ADA equivalent to 457.60 Million HUNT tokens. There have been 44,729 trades with 47.50 Million ADA of trading volume and 47.56 Million ADA of selling volume. The majority of HUNT trades take place on the Minswap DEX.
Utility
We’ll now delve into the various utilities that HUNT offers.
Governance
HUNT holders will be able to partake in decentralized governance by utilizing their tokens to vote on protocol changes, new features, and more.
Node Access
Users can boost their transaction and swap speeds by holding HUNT. All users receive a 2x speed boost on their transactions for free. Boost tiers range from 3x for holding 4,000 tokens up to a 20x boost for holding 100,000 HUNT.
Swap Discounts
HUNT token holders will receive discounts on trade swap fees through our DEX aggregator.
Premium Features
Holding a certain amount of tokens will give access to premium website features like unlimited alerts, no delay alerts, etc.
Conclusion
HUNT plays a crucial role as the utility and governance token within the DexHunter DEX Aggregator on the Cardano blockchain. The token’s distribution strategy, liquidity, and profit trends suggest a healthy and actively engaged user base. Beyond its market presence, HUNT provides utility through governance participation, transaction acceleration, swap fee discounts, and access to premium platform features.
You can find out more about DexHunter at the following link: https://www.dexhunter.io/
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