# HOBBIT Token

**Token Details:**

* Ticker: HOBBIT
* Token address: 0x77E246073cCd33939be0255249FaBb90D87Ef066
* Chain: Binance Smart Chain (BEP-20)
* Supply: Unlimited

**Emission Rate:**

* 0.2 Hobbit/block (first two hours);
* 0.1 Hobbit/block (next six hours);
* 0.01 Hobbit/block (next 160 hours);
* After 168 hours  the emission rate will depend on the Total Value Lock.
* maximum: 0.4 Hobbit/block
* minimum : 0.01 Hobbit/block

**Deflationary Mechanics:**

* A 5% burn fee will be charged at staking.

**Burn:**

* 80% of the burn fee will be used to buyback **HOBBIT** and burn it;
* 10% will be sent to the developer’s address;
* 10% will be held in escrow for Hobbit Finance, for future projects;
* **Hobbit Betting** (coming soon) will be a fun and unique way to introduce an additional burning mechanism & provide more profit for staking holders.


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