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Reference protocol
◇L1 / L2Sep 2019design 0xfa91…d983
HEDERA $HBAR
Enterprise-focused L1 governed by Hedera Council (Google, IBM, Boeing, et al). 50B fixed supply, treasury-controlled emission over 15 years to nodes, ecosystem, and council members.
Total supply
50B HBAR
fixed at launch
TGE circulating
0.0%
100.0% locked
Allocations
4
distinct line items
Launch
Sep 2019
Other
Distribution
Schedule of allocations
- 1INITIAL DEV COSTS / LICENSING8.20%12 MO CLIFF · 36 MO LIN
- 2PURCHASE AGREEMENTS24.20%12 MO CLIFF · 36 MO LIN
- 3NETWORK GOVERNANCE / OPS18.20%12 MO CLIFF · 36 MO LIN
- 4ECOSYSTEM / OPEN SOURCE DEV49.40%12 MO CLIFF · 36 MO LIN
Key takeaway
Council of 39 enterprise members each rotate as governance — closest a 'public chain' has come to corporate-board governance. Trade-off: legitimacy with enterprise buyers, alienation from crypto-native users.
Design notes
- GOVERNED BY HEDERA COUNCIL — 39 GLOBAL ENTERPRISES.
- HASHGRAPH CONSENSUS — NOT BLOCKCHAIN, ALTHOUGH MARKETED AS SUCH.enterprise-first
- 15-YEAR TREASURY EMISSION — UNUSUALLY LONG SCHEDULE.
Use as your starting point
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