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Hierocoin BAR – Changing the Music Industry with the 1st DAO for Independent Artists

Hierocoin BAR is a community token running on Binance Smart Chain (BSC). Its goal is to create the first legal decentralized autonomous organization (DAO) for the arts, the Hierocoin DAO.

Hierocoin is one of the earliest crypto projects surfacing in the market in 2014. It is the work of artist Jonathan “Casual” Owens and developer Brooks, who created it as a fork on Litecoin. Since then, Casual became the first “rapper with a blockchain.” Also, the original beta testing group is still live on Facebook.

Recently, Hierocoin successfully completed its presale on Unicrypt. This will help it present the hip-hop community with a DAO platform to change the music industry.

In this Hierocoin review, we look closer at one of the most ambitious projects in the market. Read on to discover its features, tokenomics, and roadmap!

What is Hierocoin BAR?

Hierocoin is a community token on BSC that focuses on supporting the arts and helping new artistic projects develop. Fueling its mission is BAR, a BEP-20 token that holders can use for:

  • Voting
  • Crowdfunding the build of Hierocoin DAO
  • Farming
  • Merchandise purchases

The Hierocoin team specifies that BAR is not a governance token like most DAOs use. Instead, it is a token by and for the Hierocoin community. Once the DAO is up and running, it will initiate a system to bring market scarcity to BAR.

Additionally, BAR holders can also use their tokens for farming for more BAR in the Hiero Farms. For one year, the team will lock its initial liquidity, 50,000,000 BAR. Also, users will be able to trade BAR for BNB on PancakeSwap. Lastly, the project aims to add more liquidity pairs within a year.

Gaming and other BAR Uses

Hierocoin aims to enter the emerging metaverse sector by making BAR available in Hieroglyphics’ metaverse world, Hierovr.com. There, users will shop and enjoy unique in exchange for their BAR tokens. This way, they will seamlessly purchase real-world or virtual items through the metaverse.

At the moment, GameFi and Metaverse are stealing the spotlight. Hierocoin aims to join this movement by hosting unique virtual world quests for hidden tokens. This feature should engage the increasing community of gamers in the cryptosphere.

Tokenomics

Hierocoin launched on the Binance Smart Chain on May 1, 2021. Its genesis created 93,000,000 BAR tokens. However, the Hieroglyphics band will only hold 9% of the total supply of BAR.

On September 6, 2021, Hieroglyphics allotted 100 BAR tokens through a public airdrop to its early supporters. Additionally, it distributed 300,000 BAR to Hiero farms for initial staking rewards. The current circulating supply is 43,011,756.23 BAR, the same with the total supply after burn.

  • Initial Supply: 93000000 BAR
  • Circulating Supply: 43,011,756.23 BAR
  • Supply After Burn: 43,011,756.23 BAR

BAR Token Initial Distribution

  • Initial liquidity Offering: 50,000,000 BAR (53.76%)
  • Liquidity: 33,810,000 BAR (36.35%)
  • To Hieroglyphics the band: 9,000,000 BAR (9.68%)
  • For Hierocoin Farms: 300,000 BAR (0.32%)
  • Airdrops: 7500 BAR (0.00806452%)

Roadmap

At the time of writing, Hierocoin had already completed the 1st phase of its roadmap. This means that the team has already deployed BAR on Binance Smart Chain. Also, it has developed a solid marketing plan for the following stages. 

After completing the liquidity lock and presale on Unicrypt, Hierocoin also finished the 2nd phase.  The project obtained a successful contract audit from the industry-leading auditor, Solidproof.

In December 2021, Hierocoin also listed BAR on Coinmarketcap and CoinGecko. Now, the team is focusing on further developing and launching the Hierocoin DAO. This will be the first legal hip-hop DAO in Wyoming, USA.

Final Thoughts

Hierocoin live price
Bar
Hierocoin
$0.0123269800
price
0.11717509114716%
price change
BUY NOW

The Hieroglyphics team is aware that the success of a cryptocurrency depends on how useful it is. In this regard, it aims to deliver its fan base of 25 years a high utility token with numerous use cases. Also, the team relies on branding consistency, optimal tokenomics, and a proven trustworthy team to make BAR stand out.

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More

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