HOPE COIN True Wealth is Mental Health - WHITEPAPER
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www.Hopecoin.io
HOPE COIN
True Wealth is Mental Health
WHITEPAPER
TABLE OF CONTENTS OUR MISSION 3 HOPE-NOMICS 4 CORE PRINCIPLES 7 ONE OF KIND ECO-SYSTEM 8 TOKEN SECURITY 9 TRANSPARENT TOKENOMICS 10 GOVERNANCE PROTOCOL 16 ROADMAP 17 HOPE TEAM 18 JOIN THE HOPE FORCE 19 DISCLAIMERS
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OUR
MISSION
The Hope Foundation Dao (HopeDao) is a Decentralized Autonomous Organization (DAO)
dedicated to creating a global community around the cause of disrupting the highest risk factors
for mental health crises through proactive prevention outreach and education.
The Foundation represents a paradigm shift from traditional approaches that are focused on
incremental impact and severely underserved populations. Every day, communities feel the harm
and effects of underserved mental health care that is the status quo in our society.
There is no prejudice on the mental health crisis. It touches every ethnic, geographic, and economic
segment of the global population. Rates of death and harm continue to accelerate.
We cannot afford for the crisis to be fought gradually any longer.
The Foundation, and its non-profit action arm, The Hope For us Network, is a lived experience
coalition with a 21st-century solution dedicated to catalyzing transformational change on mental
health and suicide prevention through our pioneering proactive suicide prevention theory. Using
our clinically backed programming system of outreach, education, and peer-to-peer activism,
we will evolve our communities from reactive policies to aggressive practices that drive early
recognition and intervention on mental health challenges.
The proactive prevention model is about deploying education that engineers life-saving
conversations. To pierce through the silencing effect stigmas have on individuals and communities
at large.
To sustain these missions, we have created token mechanicals that will utilize the $HOPE Coin
protocol to evolve the Hope Foundation into a self-funded, progressively decentralized DAO.
The Foundation has created a custom, sustainable tokenomics structure to help its community
build wealth whilst simultaneously financing critical mental health initiatives. And while we go into
great detail about the $HOPE coin’s tokenomic structure in the coming pages, we want to first
outline how our community will positively impact the mental crisis with every $HOPE transaction.
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HOPE-NOMICS
Measuring the Impact of the Hope Community
THE $HOPE COIN FUELS PEER-TO-PEER INNOVATION. We devised the term, Hope-Nomics
because hope is not just a feel-good word, and the impact of the $HOPE coin isn’t just a marketing
gimmick. The tokenomics of hope, a.k.a Hope-Nomics, is about converting investment in $HOPE into
transformative community mental health practices. These practices are proactive by addressing mental
health far in advance of the point of mental health crises.
The Hope Coin is the perfect tool to fuel the activism arm of our work, the Agents of Impact, which puts
the action in the individual’s hands instead of asking persons to raise funds to send to some ambiguous
organization or make billboards and TV commercials. Each token holder themselves not only takes a stake
in reducing rates of harm, but they will also be able to witness a direct, transparent, and transformative
impact. Furthermore, we need to deploy in every space, digital and physical -- and someone interested
in investing in $HOPE coin is just as likely to be a viable candidate as someone who reaches out to the
organization directly about volunteering.
Despite the glaring mental health crisis, it is shocking to see how little government funding is spent the area
of mental health relative to the size of the problem. Self-harm, cognitive, neurological, and substance use
disorders account for 12% of the global burden of disease. Yet, in 2016, the median government spending
on mental healthcare was 2.4% of all healthcare spending.
The lack of sufficient funding means 78% of those with mental illness in high-income countries—and
up to 96% in low-income and lower-middle-income countries—do not receive treatment. This massive
treatment gap indicates the need for more organizations and funding to solve the problem.
Effective altruism is a philosophy and social movement that advocates using evidence and reasoning to
determine the most effective ways to benefit others. Numerous pilot studies and randomized controlled
trials by an organization like the Mental Health Innovation Network have been conducted and show where
mental health resources can be prioritized for maximum efficacy.
Yet, many pilots lack prioritization to channel the talent and funding necessary to bring them to scale.
Thus the problem is not a lack of well-evidenced, effective treatments; they are not being implemented or
prioritized adequately in the non-profit sector.
Blockchain technology permits more decentralization yet greater collaboration, and that is the exact
formula needed to tackle a problem as complex as mental health. The Foundation will harness the power
of Decentralized Finance (DEFI) and blockchain technologies to promote and execute our mental health
initiatives. We will use Solana’s distributed ledger technology to conduct community management,
program coordination, fundraising, and digital content management. It will enable complete transparency
of our operations and partnerships. This incredible tech will permit careful analysis and measurement of our
program’s effectiveness to further our effective altruism mandate.
The Foundation will leverage the power of the $HOPE Coin to build financial resources and a global
community of partner organizations (Partners in Prevention) as well as social cause entrepreneurs (Agents
of-Impact) to launch compelling, proactive, and evidence-based initiatives to help close the massive
treatment gap in the mental health space and significantly improve the lives of thousands of affected
individuals.
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AGENTS OF IMPACT (AOI)
The key to our efficacy is a pioneering model of activism that decentralizes engagement. We call them
Agents of Impact (AOI).
AOI’s are our activists on the ground floor of our work. Activism can be driven by a single individual or a
coalition working towards a common goal.
AOI’s are trained as surrogates and take action according to their time, personal initiative, and space.
We can empower AOI’s from adolescence to advanced age.
They can do their work in a place of business, school, household, town. Our clinically backed training
program excels at providing a self-determined scale of engagement.
We as the organization act as the muscle providing logistic and material support at scale to each
surrogate’s needs. This creates the ability to cover more populations faster across all intersections, be
it cultural or geographic. HOPE’s innovative
The Agents of Impact program will crowdsource proactive mental initiatives and compensate our
community for their services and content in the form of $HOPE tokens.
The Foundation will create a content catalog and registry of services. These assets will get tokenized
in the sense that any community member’s participation in the creation or curation gets rewarded
with $HOPE coins. And thanks to the power of the blockchain, we can authenticate the services and
content itself as a digital fingerprint stored along with metadata in the Solana system. Hence, every
action performed is traceable, verifiable, and immutable.
5www.Hopecoin.io PARTNERS IN PREVENTION Partners in Prevention are the Foundation’s mental health partner organizations working towards mental health education and proactive mental health initiatives. We are working to grow this partner base and educate them on the power and potential of the blockchain and token economy. We plan to provide these critical mental health institutions with the community support needed to scale up their initiatives. Moving forward, our chosen partners will continue to evolve as we get more input from the community, and a functional forum and voting system will be implemented. We will make bi-weekly live donations to our PIP partners on the Hope Twitch channel. It will allow our community a better understanding of how our PIP partners will utilize the funding to impact the mental health landscape.
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CORE PRINCIPLES
Progressive Decentralization
The Hope Foundation is tasked with bootstrapping the HopeDao eco-system to ensure that it can survive
as a fully decentralized organization. The Hope Foundation has a planned obsolesce strategy to carefully
transition the $HOPE protocol from semi-centralized control to full decentralization once the HopeDao
becomes self-sustainable. This provides programmability and flexibility of the protocol in the infant stages,
and a path to full decentralization once the protocol and community reach maturity.
Ultra Sound Money (Store Of Value)
$HOPE can become Ultra Sound Money if the community wants it to be. It possesses the critical
deflationary and security fundamentals and the community controls the flow of tokens rather than a rigid,
fixed mechanism. Ultra Sound Money narrative will not happen overnight but can build over time as the
community grows and $HOPE becomes more legitimate.
Legitimacy
The most important scarce resource is legitimacy. $HOPE is built on the fundamentals of legitimacy,
including; fairness, process, performance, and participation. The $HOPE Treasury and Reward pool will be
held in trust for the common good and owned and governed by the Hope community via social contract.
Community Impact
Hope performs alchemy by transforming a simple transaction tax into an altruistic impact. We seek to build
a communal force with shared values committed to not just in words alone but also in actions.
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A one-of-a-kind ecosystem.
For all
$HOPE is an innovative cross-chain integrated token built on both the Ethereum and Solana Blockchains.
By bridging the two leading DeFi blockchains, $HOPE is on a path towards more Users and Total Locked
Value (TVL).
$HOPE will initially be available on the two largest Decentralized Exchanges (DEX) on the respective
blockchains. This will provide the broadest market potential for the $HOPE token, which we will continue to
advance by listing on centralized exchanges as the project matures.
$HOPE will initially launch on the ethereum chain via Uniswap, followed by the Solana chain on Raydium.
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TOKEN SECURITY
$HOPE is Hopium you can believe in. NOT because anyone who purchases the token is guaranteed
a profit. Like any new crypto token, $HOPE will face a volatile market that requires diligent,
responsible investment.
We can promise that we have taken every step possible to ensure $HOPE is a fair, reliable, and
sustainable token. These initiatives include;
1) Fair Launch to prevent bots and whales from front running the initial sale.
2) Burned liquidity to ensure the longevity of $HOPE.
3) Self-Sustainable by implementing a simile transaction tax that continuously builds liquidity
to create a larger market cap, reducing the price volatility. As the coin gains traction, token
transactions will have a lower impact and greater stability for our holders.
4) Multisig is a smart contract wallet that requires a minimum number of people to approve a
transaction before it can occur (M-of-N). This is an added security layer for the token/ liquidity
pool
5) Will be fully audited by Solidity.finance (see the link to audit).
6) Progressively Decentralized, so all decisions are made in the community’s favor.
7) No Backdoors or denial-of-service (DoS) attack routes have been proven.
8) Locked Liquidity: $HOPE’s initial token liquidity pool will be locked under a Certified Liquidity
Locker, ensuring safety and security for our community of investors.
REMEMBER
YOU CAN LOSE WHAT YOU PUT IN. THIS IS THE NEW FRONTIER, BUT IF YOU WANT TO GROW
HOPE WITH US, WE ARE GLAD TO HAVE YOU ON THE JOURNEY
Despite all these efforts, we remind you to please only invest what you can afford to lose. Financial freedom can
feel liberating but financial insecurity is a leading cause of mental health issues. Let go of any feelings of FOMO,
be aware of your emotions, and take your time evaluating $HOPE. We want to be a source of positivity and
optimism, and to do that, we have to build a fully aware and responsible community.
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TRANSPARENT TOKENOMICS
Too many new altcoins enter the market with opaque tokenomic structures and coin distributions. We
believe radical transparency is the only way to build a sustainable community built on trust. This is why we
created a custom tokenonomic structure based on sustainable, sound-money principles.
• $HOPE is a progressive deflationary decentralized finance (DeFi) token built to succeed. We devised
a custom tokenomic structure to provide a decentralized transaction network that operates on the
Ethereum blockchain (ERC20) and the Solana Chain (SPL).
• The path forward for HOPE is determined by market fluctuations, but the model it runs on begs HOPE
to succeed. ETH-HOPE and SOL-HOPE are designed to continuously re-balance the variances
between the one another.
• On each transaction, a tax of 5% tax will be applied. 2% will be allocated for buy-back, liquidity, and
burn. While 3% will be divided evenly to the following wallets.
• 1%: DAO for Token Development and Marketing
• 1%: Charity Wallet for Distribution to Agents of Impacts and Partners in Prevention Program
• 1%: Token Holders in the form of an automatic dividend which incentivizes holding.
• With a combined circulating supply of 1 quadrillion at launch, each chain was launched with an initial
supply of 660 Trillion tokens locked up and 340 trillion circulating supply.
• Upon launch, 33% of the supply will be permanently locked in the Treasury (i.e., the Blackhole), and
33% of all $HOPE tokens will be locked in the reward pool.
• Conviction rewards: We wanted a system that further rewards $HOPE bulls in the asset they believe
in. Our unique Reward Pool structure incentives LP providers to further strengthen the token’s liquidity.
In addition to their 1% automatic dividend, LP providers will receive .01% of the outstanding tokens
in the reward pool distributed daily. This mechanic makes the pool perpetual (e.g., it can never be
depleted) but reduces rewards over time.
• Buy-back & LP: The effect of a buy-back is like a public company repurchasing its stock in order
to reduce the number of outstanding shares on the market, which increases the ownership stake of
the existing stakeholders. The $HOPE protocol will use 2% of all transactions to buy-back & LP, thus
reducing the token supply and deepening the token’s liquidity. This combines the traditional buy-back
and burn approach with the added value of deeper liquidity in the buy-back and liquidity provision.
Instead of burning tokens, they are first provided as liquidity for the token on its main AMM market,
and then the resulting LP tokens are burned. Thus combining the benefits of the reduced token supply
together with deeper liquidity for the token.
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TOKEN
DISTRUBUTION
4%
Community Rewards
33%
10% treasury -
Team Token permanently
locked “blackhole”
20%
Token Token
33%
Reward pool -
locking for certain
period of time
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HODL & SHARE HOPE!
The token’s utility can be summarized into 3 fundamentals:
• Earn • Buyback & LP • Impact
EARN
$HOPE is structured as a transaction sharing/deflationary token. Every time someone buys or sells
$HOPE, a 5% fee is imposed. A tax that enables our community to HODL and Share Hope with each
transaction.
• Hodler Reward: 3% is redistributed to the community, proportional to the tokens that they hold.
This system incentivizes our community of holders, who support $HOPE to make it a sustainable
movement.
• The other used for buy-back, LP & burn
5% Transaction Fee
2%
3%
1%
1%
1% Buy-Back & Burn
$ Hope Coin
Development
Marketing Charity Impact Holder Reward
Wallet Distribution
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At launch, we will create two $HOPE pools:
• Treasury - 33% of all $HOPE tokens will be locked in a treasury contract. The principal tokens
will be permanently locked in the contract (this is the equivalent of burning 33% of the tokens
at launch), but the Treasury will also benefit from the 3% transaction fee distributed back to
token holders. Those fees will be allocated to the DAO, Charity wallet, and Holder. The DAO will
use its allocation for further development of the protocol or deposit it in the reward pool to
provide more liquidity.
• Reward pool - of all $HOPE tokens will be locked in the reward pool. The reward pools serve
several functions:
o A very small amount (0.01%) of the outstanding tokens in the reward pool will be
distributed daily to LP providers for the $HOPE token, thus promoting the token’s liquidity.
LP providers will also earn the 2% distribution fee on their money. This mechanic makes the
pool perpetual (e.g., it can never be depleted) but reduces rewards over time.
o If $HOPE token users want to participate in the charity incentives, then they can just send
their $HOPE tokens to the reward pool; this way, they achieve two goals:
» A higher number of tokens in the pool means more inflow from the 3% fee distribution.
» A higher number of tokens in the pool means more rewards for liquidity providers and
better protocol health.
o The DAO can choose to allocate part of the Treasury to the Reward pool as well.
o Since the distribution to LP holders is very small, the tokens in the reward pool are “as if”
they were burned.
13www.Hopecoin.io Buyback & LP. Buy-back and burn has been a very successful and popular mechanic in the crypto space, which has historically helped token price appreciation and keeping the tokens scarce. Burning tokens based on collected fees has some very desirable effects. The approach’s beauty is the inverse correlation between the project’s success, and the number of tokens burned, essentially creating a self-regulating mechanism for the total number of tokens in circulation. With the emergence of Decentralised Finance (DeFi) and Automated Market Makers (AMM) such as UniSwap, a new approach has emerged that has the core benefits of the buy-back and burn approach with the added value of deeper liquidity - buy-back and liquidity provision. In this scenario, instead of burning tokens, they are first provided as liquidity for the token on its main AMM market, and then the resulting LP tokens are burned. Thus combining the benefits of the reduced token supply together with deeper liquidity for the token. In $HOPE’s case, 2% of all transactions will be used for buy-back & LP, thus reducing the token supply and deepening the liquidity of the token. As the supply decreases, the scarcity of the token increases. This inversely proportional relationship constitutes a supply and demand model. Furthermore, there is no limit as to how many tokens can be burned. Without a burning limitation, many can predict what happens next. Manual Burns A continuous burn on any one protocol can be excellent in the early days; however, this means the burn cannot be finite or controlled in any way. Having burns controlled by the DAO and promoted based on achievements helps keep the community rewarded and informed. The conditions of the manual burn and the amounts can be advertised and tracked. The HOPE DAO aims to implement a burn strategy that is beneficial and rewarding for those engaged for the long term. Furthermore, the total number of $HOPE burned will be featured on our readout located on the website, which allows for further transparency in identifying the current circulating supply at any given point in time. 14
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IMPACT
By design, the $HOPE community will be using the power of the token economy to help fund
the public good of Proactive Mental Health awareness at the scales that we need. We will use
the principles of effective altruism to measure the treatment effects of our interventions based
on the financial and time resources allocated. We will be creating sustainable systems of impact
rather than only one-off acts of philanthropic initiatives. We break own how the alchemy of the
tokenomics will transform the transaction tax into an altruistic impact.
IMPACT CHARITY $HOPE HOPE HOLDERS COMMUNITY
WALLET DEVELOPMENT & GIVEAWAYS FUND
MARKETING FUND
Charity Funds will help Community sourcing Holders will A distribution of
grow the Agents of of funds to evolve earn automatic 2.5% of tokens were
Impact and Partners in our movements, passive rewards pre-allocated for
Prevention Programs such as expanded for supporting the community giveaways
to provide critical marketing initiatives, $HOPE Mission. and airdrops. No need
proactive mental e-commerce Further incentivizing for you to contribute
health resources and infrastructure, web a sustainable Hope to this, as this is for us
training to individuals hosting, and other Force. to give back to you!
and groups worldwide. funding related to
the growth of our
movement.
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GOVERNANCE PROTOCOL
The HOPE Foundation’s planned obsolescence will be carefully rolled out. d. Any single centralized
organization will inevitably have blindspots, which is why the protocol governance will have three distinct
stages to reach full decentralization as fast as possible.
1. Early days - during this period, the team is in complete control of the project, and no voting is done.
This is because there will be bugs and events requiring immediate hotfixes, which cannot be done
democratically
2. Semi-decentralisation - during this period, the team is still in complete control of the project and
can deploy hotfixes same as above, but for the non-urgent decision, it can take community input via a
forum or even via off-chain voting like a snapshot - https://snapshot.page/#/
3. Complete decentralization - during this stage, the project is fully decentralized, and all decisions are
made via a strict procedure, and all voting is done on-chain. The process is detailed below:
Participation in governance is done by locking $HOPE tokens in the governance contract, which tokens
which are locked for a longer duration get more voting power.
During Stage 3, HOPE will follow a governance structure similar to this of Compound As follows:
Anybody with 1% of HOPE delegated to their address can propose a governance action; these are simple
sets of activities, such as changing parameters of the platform that no one else can modify. Proposals are
executable code, not suggestions for a team or foundation to implement.
All proposals are subject to a three-day voting period, and any address with voting power can vote for
or against the proposal. If a majority and the minimum votes (i.e., quorum) are cast for the proposal, it
is queued in the Timelock and implemented after two days. The quorum is currently set to 50% of all
governance votes.
Anyone can also cancel a proposal if the original proposer loses the required vote power to create
proposals (1% of total governance votes) after it was added. This helps prevent someone from making a
malicious proposal and immediately withdrawing the governance contract’s votes.
During an initial seed launch period, a portion of the tokens will be distributed among the core contributors,
who can delegate voting weight to themselves or the public as they see fit.
The stage 3 decentralized system will fully tap into the energy source that is our communal Hope Force!
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ROADMAP
The $HOPE team has crafted a sustainable mission for the organization and token built around
a strong community. We layout this vision in the roadmap below. As the project evolves, we will
adjust our roadmap to align with the needs and wants of our community. We will constantly seek
feedback on how best to grow and adapt to this important initiative.
JUNE, 2021
Launch of our official whitepaper
JULY, 2021
Launch of our website and social
media channels Raydium listing on Solana
Blochchain
Uniswap Listing on Ethererum
Blockchain First Partner Donation
Marketing Push Establishment of corporate entity
to fortify our public relations
Establish our mental health strategy and represent our global
organization partnerships and community
their crypto donation wallets.
Re-branding of website, social
media channels, and all external
assets
AUGUST, 2021 Community Livestreams
Establish H4U Distributed ledger WhiteBit listing
operations
CoinGecko and CoinMarketCap
Create Governance protocols and listing
reward system for community
participation Application for registration and
listing in significant exchanges
Forging of corporate partnerships
More Partner Donations!
Launch of merchandise for the
$HOPE community
A global press release outlining SEPTEMBER, 2021
confirmed launches in major
exchanges Launch of mental health
awareness month initiatives
Prepare launch of HopeX
exchange.
Launch NFT Marketplace
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HOPE TEAM
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JOIN THE HOPE FORCE
Where you decide to be a $HOPE coin owner, we welcome you to our community and are excited
to build this essential decentralized organization with you!!
Website
www.Hopecoin.io
Discord:
https://discord.gg/K372n4NkbJ
Telegram Chat:
https://t.me/The_Hope_Coin
Twitter:
https://twitter.com/THE_HOPE_Coin
Medium:
https://HOPEcoin.medium.com
Instagram:
https://instagram.com/HOPE_coin
Reddit:
https://www.reddit.com/r/HopeCoin
19www.Hopecoin.io DISCLAIMERS Information Published in the Whitepaper The whitepaper provides information and material of general nature. You are not authorized, and nor should you rely on the whitepaper for legal advice, business advice, or advice of any kind. You act at your own risk in reliance on the contents of the whitepaper. Should you decide to act or not act, you should contact a licensed attorney in the relevant jurisdiction you want or need help. In no way are the owners of, or contributors to, the whitepaper responsible for the actions, decisions, or other behavior taken or not taken by you in reliance upon the whitepaper. Investment Risks The team does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your due diligence and consult your financial advisor before making any investment decisions. By purchasing $HOPE, you agree that you are not purchasing a security or investment, and you agree to hold the team harmless and not liable for any losses or taxes you may incur. You also agree that the teamis presenting the token “as is” and is not required to provide any support or services Compliance with Tax Obligations The team does not guarantee compliance with any country across the world. Always make sure that you comply with your local laws and regulations before you make any purchase. No Warranties The whitepaper is provided on an “as is” basis without any warranties of any kind regarding the whitepaper and/or any content, data, materials, and/or services provided on the whitepaper. Limitation of Liability Unless otherwise required by law, in no event shall the owners of, or contributors to, the website be liable for any damages of any kind, including, but not limited to, loss of use, loss of profits, or loss of data arising out of or in any way connected with the use of the whitepaper. Arbitration The reader of the whitepaper agrees to arbitrate any dispute arising from or in connection with the whitepaper or this disclaimer, except for disputes related to copyrights, logos, trademarks, trade names, trade secrets, or patents. Future Statements There may be matters in this whitepaper that are forward-looking statements. Such statements are subject to risks and uncertainty. Participants are cautioned not to place undue reliance on these forward-looking statements. The actual results or events that transpire afterward may be different from what is implied here. The team shall not guarantee the accuracy of the forward- looking statements outlined in this whitepaper.
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