FAQ Parallel finance (HEIKO)
Media resources and social media:
-Official channel ( Telegram )
Main information - Parallel Finance
Heiko ($HKO) Token - Heiko ($HKO) is the native platform token for Parallel Heiko. It is required to execute the functionalities and security of our protocol.
HKO’s Utilities :
1) HKO token holders are delegated with voting rights and the ability to propose governance action, referenda, network upgrades, council elections, and other parameter adjustments.
2) HKO is a native fee token that is required to execute the functionalities and security of the protocol.
3) The native token is utilized to incentivize collators and validators, which is the mechanism that powers the decentralized node infrastructure of the network.
4) HKO token is utilized to hedge risks, incentivize rewards, and share profits. The insurance parameters are determined by HKO token governance in the event of a slash.
5) HKO will be burned when a fee is paid on our platform. These fees include money market fees, staking/ unstaking fees, transaction fees, and any fees in our future fixed-rate products as well.
6) HKO will be added as an incentive for users to stake, lend, and borrow on Heiko.
What can I do with HKO tokens?
Roadmap 2022
White paper
Token Economics
HEIKO Token Distribution
HEIKO Release Schedule
Parallel Crowdloan:
Total $HKO Supply: 1,000,000,000
Crowdloan Allocation: 50,000,000 (5.00%)
Heiko Parachain slot lease: 10 month.
Vesting $HKO: linear release over 10 months.
How to claim HKO rewards:
1)Parallel crowdloan platform:
1)Go to My Rewards: https://crowdloan.parallel.fi/#/auction/rewards/kusama
2)Connect your wallet.
3)if you have contributed to our crowdloan with this wallet address, you will see "Parallel Heiko" in the 'Claim
Project Token' table. You can hover over the 'Project Rewards' column to see a tooltip for the breakdown of rewards and vested amount.
4)The 'Claim HKO' button should be active. Click on it and you will see a pop up modal to 'Claim Tokens'.
5)Each claim will incur transaction fee in HKO. The initial claim has been transferred to you, so that you have some HKO in your wallet to claim more. If you're ready to claim, click 'Claim HKO' button in the modal.
6)Sign your transaction and confirm. The transaction processing state may take about 30 seconds to complete.
7)If this is successful, you will see a success message that your HKO is claimed. Note that we are currently building out an overview page for you to see your full HKO balance and vested amounts, more to come. shortly. In the meantime, you can come back to the My Rewards page in step 1 to check your HKO total, vested, and available to claim.
All steps on the pictures:
2) Polkadot.js:
follow these steps:
Kusama Parachains > Parallel Heiko via Parallel > Developer > Extrinsics > Vesting > Claim() > Submit Transaction
I contributed to a crowdloan and now my balance is zero!
If you contributed to a crowdloan and ended up with a balance of zero when you expected to have some balance close to 1 DOT, your account most likely was reaped (deactivated) and the remaining funds were burned. You can read more about what this means here.
HKO Vesting Schedule
Vesting start date: 10/6/2021 (Block #0) Vesting end date (*Estimate): 8/6/2022 (Block #2160000). Note*: The vesting end date will be determined by block production, and will be in Block# 2160000. (Might be a few days difference around 8/6/2022).
Basic crowdloan questions:
Crowdloan Projects (rewards)
Won projects
KILT Spiritnet
KILT Spiritnet send tokens directly to our users.
Vesting schedule : 50% KILT will be released immediately
50% will be released linearly within 24 weeks.
Calamari
Calamari send tokens directly to our users.
Vesting schedule : 45% of KMA will be released to crowdloan participants
55% will be vested every 8 weeks on an equal basis.
Basilisk
Basilisk send tokens directly to our users.
Vesting schedule : BSX rewards and bonuses are distributed linearly.
Altair
Altair send tokens directly to our users.
Vesting schedule: 25% of the rewards will be unblocked immediately
75% will be released linearly within 48 weeks.
Parallel Heiko
Vesting schedule: The tokens rewarded will be unvested linearly across a one year time frame.
Kintsugi BTC
Kintsugi BTC send tokens directly to our users.
Vesting schedule: 30% of the rewards will be unblocked immediately
70% will be released linearly within 48 weeks.
Picasso
Picasso send tokens directly to our users.
Vesting schedule: will be released linearly within 48 weeks.
Bit.Country Pioneer
Bit.Country Pioneer send tokens directly to our users.
Vesting schedule: 70%, will be distributed linearly over 12 months.
Quartz
Quartz send tokens directly to our users.
Vesting schedule: 10 month vesting (linear vesting every block) period.
Genshiro
Genshiro send tokens directly to our users.
Vesting schedule: 10% GENS will be unlocked immediately
90% GENS will vest linearly over the lease duration.
Subsocial
Subsocial send tokens directly to our users.
Vesting schedule: 20% of crowdloan rewards will be available immediately
The remaining 80% will vest over the course of the parachain slot lease (up to 48 weeks)
Zeitgeist
Zeitgeist send tokens directly to our users.
Vesting schedule: 30% unlocked initially upon the launch of the Zeitgeist parachain
70% vested over the duration of the parachain slot lease.
Sakura
Sakura send tokens directly to our users.
Vesting schedule: 72% will be unlocked linearly for 48 weeks.
Crust Shadow
Crust Shadow send tokens directly to our users.
Sakura send tokens directly to our users.
Vesting schedule: 30% of the reward will be released immediately
10% will be released for each subsequent lease period (each 6 weeks)
Robonomics
Robonomics send tokens directly to our users.
Vesting schedule: monthly rewards distribution, proportionally equal shares in the parachain for 12 months.
Integritee Network
Integritee Network send tokens directly to our users.
Vesting schedule: TEER will be vested linearly during the 48-week lease period, starting shortly after winning a slot.
Darwinia
Darwinia send tokens directly to our users.
Vesting schedule: 10% RING rewards will be immediately released after Darwinia wins the auction
90% RING rewards will be linearly released.
Litmus
Litmus send tokens directly to our users.
Vesting schedule: LIT rewards will be distributed linearly in each block (48 weeks)
KICO
KICO send tokens directly to our users.
Vesting schedule: 30% of KICO tokens will be released directly
70% of KICO will vest/unlock linearly over a 48 week period.
Pichiu
Pichiu send tokens directly to our users.
Vesting schedule: 30% will be released at TGE
70% will be released by block over duration.
If you have any questions you can contact with our community manager :
illu_te (Lennart) , telegram:@illu_te
Inessa Tuzovskaia , telegram:@Inessa_Tuzovskaia
ParaOne (Aleksey) , telegram: https://t.me/ParaOneCrypto
DrCAO (Renzhi Cao): telegram: @ahjxcrz
Joye || Parallel (I never DM first) (Joey): telegram: @joey777z
Cryptofluffycat| Do Not DM First (Chloe): @cryptofluffycat
Community Managers NEVER DM FIRST!