ENP Token White Paper

Whitepaper Version 1.3.6 - March 4th, 2025

Introduction

The ENP token is a utility token designed to incentivize and reward users for staking with our EasyNodePro (opens in a new tab) & RockTheBlockchain (opens in a new tab) validator pools on the Harmony blockchain. By providing a unique token-based reward system, we aim to create a more engaging and profitable experience for our users while promoting the growth and adoption of the Harmony ecosystem.

Token Overview

Symbol: $ENP
Total Supply: 500,000,000 ENP
Token Type: ERC-20

Token Distribution

The ENP token has been distributed as follows:

Air Drops:
- 8.2% (41 million $ENP) was airdropped to delegators of EasyNodePro, RockTheBlockchain, StrongMindsHold, Deadpool, Harmony Hub, and Farmony.
- 14.4% (72 million $ENP) is locked with 3m unlocking monthly starting Feb 2025 for 2 years. These will be air-dropped to EasyNodePro and RockTheBlockchain delegators on the first of each month.
- 8.4% (42 million $ENP) is locked with ~1.16m unlocking monthly starting Jan 2026 for 2 years. These will be added to airdrops, burned, used to increase LP or TBD future items.
Liquidity Pool:
- 22.4% of the total supply (112,000,000 ENP) was funded to the initial liquidity pools on swap.harmony.one DEX paired with $ONE, $MONA, $USDC, and $WAGE.
Team Allocation:
- 5% of the total supply (25,000,000 ENP) is allocated to the team to keep ENP active and engaged.
Development & Partnerships:
- The remaining tokens are reserved for future development, partnerships, and other purposes. These tokens may be relocked or burned if unused.
- 11.6% of the total supply (58,000,000 ENP) is stored in our multi-sig for usage in 2025.
- 30% of the total supply (150,000,000 ENP) is locked, with 50 million $ENP unlocking yearly starting in Jan 2026 for 3 years.
Tokens are locked with Hedgey Finance and released on a schedule to our multi-signature wallet.

Hedgey Locked

Tokenomics

Value is driven by staking rewards, demand, liquidity, burning, and ecosystem growth.

Validator Pool Integration - Air Drops Thru January 2027!

Users receive $ENP as extra rewards, with weighted distribution based on stake, if delegated to EasyNodePro or RockTheBlockchain validators on Harmony protocol through January 2027!

Initial: 10M was air-dropped to EasyNodePro, 20M to RockTheBlockchain, 5M to StrongMindsHold, and 2M each to Farmony, Harmony Hub, and Deadpool delegators.
Future: 3M monthly from Feb 2025 to Jan 2027 to EasyNodePro and RockTheBlockchain delegators.

Governance

All governance decisions will be voted on via our Snapshot (opens in a new tab) page.

Each month all $ENP holders will be eligible to vote on the handling of rewards for next month! Want to pump a new meme coin's LP? Want to use the rewards to buy$ ENP and burn or airdrop? VOTE!

Votes start around the 2nd Sunday of each month.
Votes are done by $ENP holding weight when voting starts.
Voting outcome determined by $ENP holders only (EasyNodePro.com won't participate in vote).

Roadmap

2024: Token creation and initial airdrops.
2025: Liquidity pools and monthly airdrops.
2026-2028: Further air drops, and contests using the unlocked funds.
Future: Expanding partnerships and ecosystem growth!

$ENP Burns

LP Burn: We use all fees from the LP pools to buy $ENP and burn it all at least once a month.
Token Burn: We will use 25%+ of the EasyNodePro validator rewards Monthly to buy/burn $ENP through at least January 2027!
Random Token Burns: We will also host community burns and burns on behalf of the owners of $ENP.
Total Burn: We have burned 6,000,000 $ENP as of 3/4/2025.

Burn Log

Date	Total
10 Jan 2025	1,000,000
21 Jan 2025	1,000,000
30 Jan 2025	3,000,000
06 Feb 2025	121,717
12 Feb 2025	64,350
24 Feb 2025	13,933
03 Mar 2025	800,000

$ENP Validator or Community Participation

Any validator or community member can participate in $ENP and share in the LP we are building!

Purchase $ENP - Use some of your $ONE rewards to purchase $ENP on swap (opens in a new tab).
Air drop target - Determine a validator to target for stake weighted air drop (opens in a new tab).
EasyNodePro Discord - Join our discord (opens in a new tab) and file a ticket to coordinate an airdrop with our team.

Smart Contract Information

The ENP smart contract is already verified on chain here (opens in a new tab).
The ENP smart contract is from Thirdweb and has been renounced, meaning no one can create more $ENP or control the contract.

Security and Audits

The ENP token smart contract is part of Thirdweb and is audited by their team.

Conclusion

The ENP token is designed to provide a unique and rewarding experience for users who stake in our validator pool on the Harmony blockchain. By offering a token-based reward system, we aim to create a more engaging and profitable experience for our users while promoting the growth and adoption of the Harmony ecosystem.