HLG

1. Project introduction

Holograph has been used to mint millions of onchain assets, making it one of the most widely used protocols for cross-chain asset production and distribution.

Holograph works by burning tokens on the source chain, sending a message via a messaging protocol to the destination chain, and then reminting the same number of tokens to the same contract address. This unifies liquidity, eliminates slippage, and preserves fungibility across blockchains.

At present, blockchain ecosystems operate as isolated sovereignties. As more and more blockchains come online, fragmentation will continue to get worse, hindering network effects and creating undesirable user experiences.

Holograph solves this by allowing asset issuers and users to interact with tokens on multiple chains, unlocking interoperability, unifying liquidity, and improving cross-chain user experiences.

Tokens minted by the protocol contain the following properties:

Preserve Fungibility: Holograph enables tokens to move between blockchains while maintaining the same contract address, allowing asset issuers to easily index cross-chain data.

Unify Liquidity: Holograph’s burn and mint transport process unifies token supply across multiple chains, enabling tokens to move cross-chain without fracturing liquidity.

Retain Sovereignty: Tokens minted with Holograph are not locked in to any specific chain, allowing asset issuers to maintain control over where and how they are deployed and minted.

2. Token application and distribution

Token application:

HLG has a number of unique features:

Natively Composable: HLG maintains data as it moves between chains. This is achieved by specially configured factory smart contracts, which use the CREATE2 opcode and unique salt to deterministically calculate the contract address.

Credibly Neutral: HLG avoids discriminating or favoring any specific blockchain ecosystem. By modularizing the value layer, HLG is allowed to move freely between any application, messaging protocol, or blockchain.

Minimizes Bridge Risk: HLG minimizes bridge risk, enabling market participants to trade with counterparties on different chains. This is achieved by burning HLG on the source chain and reminting it on the destination chain.

Token distribution:

There are six strategic stakeholders in the Holograph ecosystem.

Ecosystem and Incubation: 25% (2,500,000,000 HLG) — 5% liquid with 48 month linear unlocking.

This allocation reserved to advance the Holograph ecosystem by offering growth incentives to teams that align with the ethos of omnichain interoperability, in addition to backing the developer community to ensure positive outcomes and continued success.

Core Development Team: 23.4% (2,340,000,000 HLG) — 12 month cliff + subsequent 24 month linear unlocking.

This allocation consists of the decentralized group of current and future essential contributing individuals, which have steadfastly concentrated on the security, engineering, product, infrastructure, growth, and operations of the Holograph ecosystem.

Strategic Network Partners: 21.18% (2,118,000,000 HLG) — 12 month cliff + subsequent 24 month linear unlocking.

This allocation has been reserved to enable strategic participants to invest in the ecosystem’s long-term success and stability through private sales. These participants encompass strategic angels, developers, technical partners, and long-term funds possessing extensive expertise in onchain governance and scalability.

Foundation Treasury: 15% (1,500,000,000 HLG) — 5% liquid with 48 month linear unlocking.

This allocation is designated for Holograph Foundation's reserves. Its purpose is to advance key initiatives like future omnichain tokenization research, covering operational costs, and supporting pertinent programs. Holograph Foundation's objective is to efficiently and strategically utilize these resources for ongoing protocol development.

Community and Launch: 10% (1,000,000,000 HLG) — 5.25% liquid at TGE; for future Rounds, 6 month linear unlocking.

This allocation is meant to reward the indispensable role of a vibrant community of supporters in making the Holograph ecosystem possible. The HLG Rewards Round 1 snapshot to determine eligible recipients has already been taken.

Long-Term Advisory: 5.42% (542,000,000 HLG) — 12 month cliff + subsequent 24 month linear unlocking.

This allocation consists of the decentralized group of essential contributing advisors, which have faithfully concentrated on the security, engineering, product, infrastructure, growth, and operations of the Holograph ecosystem to ensure its long-term success.