What is Hen Egg (HEGG)?
Hen Egg, ticker HEGG, is the utility token of the Hens protocol on Robinhood Chain. The protocol links a collection of up to 10,000 individually owned Hen NFTs with a fixed HEGG reserve and a daily GLD distribution system. Hens accrue HEGG from the reserve over time. Owners can claim that HEGG or use it within the protocol. HEGG burned through a Hen records permanent weight for that NFT. The daily GLD vault uses recorded Hen weight to determine participation in its distribution. HEGG is also used as the refundable bond for the public Hen mint.
How does Hen Egg work?
The token, NFT collection and GLD distribution contracts operate as one connected onchain system.
