What Is Happinesstoken (HPS)?

Happinesstoken (HPS) is a booster token of the Billion Happiness platform that works on the Binance Smart Chain (BSC) blockchain. The Happinesstoken is built to support, create an ecosystem, and develop the NFT marketplace of Billion Happiness. The users can create, trade, or collect digital items using the Happinesstoken. The primary purpose of the Happinesstoken is to boost the Billion Happiness project. However, The Billion Happiness platform also aims to integrate the Happinesstoken into the NFT marketplace, allowing artists to fund listing fees in HPS.  

Billion Happiness is a blockchain community-centered project for DeFi (decentralized finance), NFT (Non-Fungible Token) marketplace, yield farming, and staking. According to its whitepaper, Billion Happiness is committed to providing Happiness by rewarding its users through its two tokens called BHC and HPS. 

The platform seeks to distribute the transaction fees in two halves and use 50 percent of the fees to buy back BHC and redistribute it to the BHC Maxi pools. Users who purchase NFT can earn HPS as rewards on every transaction. The rest of the 50 percent of the collected fees in HPS goes for token burning every month. Token burning is the removal of coins from circulation to reduce the token count. 

In tokenomics, the Billion Happiness ecosystem has allocated the total HPS token supply as follows: 

• Fifty-five percent of the tokens are allocated for sale. 

• Thirty percent of the tokens are kept for farming/staking pools. 

• Five percent of the tokens have been allocated for the private token sale. 

• Six percent of the tokens are kept for the team of Billion Happiness.  

• Two percent of the tokens have been allocated for the host. 

• Two percent of the tokens go for an airdrop to BHC holders. An airdrop is a marketing method of distribution of specific cryptocurrencies.