🏦Treasury
Last updated
Last updated
The Treasury in HashMind is a crucial component of our ecosystem, serving as the financial backbone that supports the sustainable growth and continuous innovation of our platform. It is meticulously managed to ensure long-term stability and to finance the strategic objectives of HashMind.
Sources of Treasury Revenue
Service Fees from VM Access: A portion of the Treasury's revenue comes from the service fees associated with VM access in HashMind. As noted, 10% of the staked amount for VM access is allocated as a service fee, with 50% of this fee in $HASH being contributed to the Treasury.
Monthly Subscription Fees for VM Service: The monthly subscription fees for VM services, charged in $HASH, also contribute to the Treasury. Similar to the service fee structure, 50% of these subscription fees are directed to the Treasury.
PON/POM Revenue: A substantial 40% of the total revenue generated from our Protocol-Owned Nodes/Miners (PON/POM) is allocated to the project treasury. This significant contribution is vital for the long-term sustainability and growth of HashMind, supporting various strategic initiatives.
The funds accumulated in the Treasury are strategically used to reinforce and expand the HashMind ecosystem:
Operational and Development Expenses: A significant portion of the Treasury is dedicated to covering operational costs, technological enhancements, and maintaining our infrastructure. This ensures the smooth and efficient operation of HashMind's services.
Research and Innovation: Investing in research and development is pivotal for staying at the forefront of blockchain technology. The Treasury funds are used to explore and develop new technologies and enhance existing services.
Reinvestment in Infrastructure: A crucial aspect of our Treasury’s utilization is the reinvestment in our infrastructure. This includes setting up additional nodes and purchasing new miners to expand our Protocol-Owned Nodes/Miners (PON/POM) network. This expansion not only increases our operational capacity but also enhances the potential revenue generation for the ecosystem.
Community and Governance Initiatives: A part of the Treasury funds is allocated to initiatives that focus on community engagement and governance. These initiatives help in building a strong and active community around HashMind.
Strategic Acquisitions and Partnerships: The Treasury also facilitates strategic acquisitions and partnerships that align with HashMind's long-term vision and objectives, further bolstering our position in the blockchain industry.
