Token Creation & Basic Information

Token Creation & Basic Information

Token Overview

The BRKH token is an HRC-20 token that will be launched on the Harmony blockchain in Q3 2021. BRKH has a maximum supply of 1 billion tokens and is a utility token that is used within the Barakah Finance ecosystem for a reduction in service fees and other benefits.

The BRKH token price will be protected through a 'protect and redistribute' mechanism where BRKH tokens of the value equivalent to a percentage of Barakah Finance service fees will be regularly bought on the open market, and added to the BRKH token staking pool. This will ensure that BRKH token demands remains strong, whilst creating a reward pool for BRKH token stakers that is dependent upon the success of the platform, thereby creating a virtuous circle and supporting long term hodling of the BRKH token.

Token Utility

The BRKH token is the native token of the Barakah Finance ecosystem, and will be used across our staking, investment, philanthropy and other service dapps.