HolyGrailPrice

(HLY)

The HLY token (also known as $HOLY) serves as the ecosystem token for HolyGrails.io. HolyGrails.io is a premier community-driven NFT marketplace built on the Solana blockchain. Its core purpose is to facilitate NFT trading while uniquely sharing 100% of all generated fees in SOL directly back with its community members. This innovative fee-sharing model aims to foster a strong, engaged community around the marketplace and its associated blockchain RPG.

The HLY token offers multiple utilities within its ecosystem. Holders can stake HLY to earn various rewards and participate in governance decisions for the HolyGrails.io platform. Staking also makes users eligible for 100% of the platform's revenue, distributed as SOL Volume Rewards and HLY Volume Rewards, based on their trading contributions and staked amounts. Additionally, HLY is integrated into the project's blockchain RPG, where players can earn tokens by engaging with minigames and interacting with non-player characters.

HLY tokens can be acquired through trading on decentralized exchanges like Raydium and Orca. Users can also look for listings on various centralized exchanges, including LBank. Beyond trading, HLY can be earned in several ways: by participating in airdrops, benefiting from "Trade-2-earn" initiatives that distribute trading fees back to the community, and receiving daily HLY staking rewards. Within the associated blockchain RPG, players have opportunities to earn HLY by interacting with minigames and non-player characters.

The HolyGrail project features a 3D Blockchain Role-Playing Game (bRPG) designed to seamlessly blend traditional RPG mechanics with DeFi elements. This immersive game incorporates playable NFTs known as Legends, allowing players to engage with unique characters and assets. It emphasizes player interaction with NPCs and provides repeated engagement incentives to keep users active. The bRPG also includes an integrated NFT marketplace and offers players avenues to earn HLY tokens by participating in various minigames and interacting with NPCs.

Staking HLY tokens allows users to earn additional HLY and qualify for SOL Volume Rewards and HLY Volume Rewards. The specific rewards often depend on the staked amount and the chosen lock duration. While tokens staked without a lock can typically be unstaked (sometimes with an unbonding period), funds locked for a specific term remain illiquid until that period concludes. A minimum staking position, such as 5 $HOLY, may be required to be eligible for certain rewards like SOL. The Annual Percentage Yield (APY) is dynamic, influenced by factors like the total amount of HLY being staked and protocol emissions.

HolyGrails.io applies a 1.5% fee on all transactions conducted on its marketplace. Notably, 100% of these collected fees are then distributed back to the HolyGrails community. Regarding security, users are strongly advised to be cautious of decentralized applications requesting unlimited token approvals. Tools like Revoke.cash can be used to manage and restrict permissions. Furthermore, users should always interact with the dApp's designated staking function rather than sending tokens directly to a staking contract address, as this could lead to the permanent loss of funds.