🥣HUNT (ERC20)
HUNT is the native and reserve token of the Co-op. It acts as the foundational asset that backs every project token and Building NFT through bonding curve pools.
Key Roles of HUNT:
Reserve Asset: All tokens launched within Hunt Town are HUNT-backed, giving them intrinsic value.
Liquidity Source: Each minting action locks more HUNT into bonding curves, strengthening the Co-op’s overall TVL.
Deflationary Supply: With a fixed total supply and no inflation, HUNT becomes scarcer as the ecosystem grows.
Shared Value Layer: When one project gains traction, its bonding curve pool absorbs more HUNT—benefiting all Co-op participants by reducing circulating supply.
Building NFTs: Membership and Backing Power of the Co-op
Building NFTs represent a backer’s membership tier and long-term commitment within the Hunt Town Co-op. By minting a Building NFT, backers lock HUNT into the system and begin generating Daily Backing Points (BP), which are used to support and mint HUNT-backed project tokens.
There are two Building types:
Mini Building (Base): Designed for accessibility and newcomers, generating a smaller daily BP amount with no lock-up.
Main Building (Ethereum Mainnet): Intended for committed backers, producing significantly higher daily BP with a one-year HUNT lock-up.
As more Buildings are minted, more HUNT is locked into the Co-op, directly reducing circulating supply. Buildings can be burned to unlock HUNT, but doing so permanently reduces future BP generation. This mechanism aligns influence, rewards, and long-term participation with the health of the overall economy, turning backers into true stakeholders rather than passive holders.
🏢Building NFTsHUNT-Backed Project Tokens: Shared Liquidity and Aligned Growth
Every project launched in Hunt Town issues its own HUNT-backed project token through a bonding curve. Each token has built-in liquidity, transparently priced and algorithmically managed, with HUNT held as the reserve asset in its pool.
Project tokens follow a continuous mint-and-burn model:
Tokens are minted by depositing HUNT into the project’s bonding curve pool, which locks HUNT as onchain liquidity.
Tokens are burned when liquidity is withdrawn, releasing HUNT back from the pool.
This structure ensures that as individual projects grow, more HUNT is locked across the ecosystem. Rather than isolated token economies, Hunt Town operates as a single interconnected system where growth in one project strengthens the entire Co-op by increasing total value locked and reducing circulating HUNT supply.
📽️HUNT-backed Project TokensBase HUNT: Expanding the Co-op to Layer 2
To support scalable participation and lower transaction costs, HUNT has been bridged from Ethereum mainnet to the Base network using Base’s official L2StandardBridge. Bridged HUNT on Base maintains a 1:1 backing with mainnet HUNT and is recognized within the Optimism Superchain ecosystem.
Base HUNT enables:
Lower-cost minting of Mini Building NFTs
Broader participation from new backers
Seamless integration with Base-native apps and liquidity venues
HUNT can be bridged between Ethereum and Base via standard bridging tools, with withdrawals back to mainnet subject to the usual L2 challenge period. By extending HUNT to Base, the Co-op preserves its economic guarantees while expanding accessibility and onchain activity across layers.
🟦Base HUNT (Bridged)Token Distribution
The initial HUNT token supply was 500 million when it was first issued on the Ethereum network in 2019. Since then, the total supply of HUNT has been progressively reduced to support a more decentralised and sustainable token economy. To reach an optimal supply level and ensure long-term economic stability, over 60% of the initial HUNT supply was burned, resulting in a current total supply of 198,912,688 HUNT.
Circulating Token Supply
198,912,688 HUNT (100% of total supply)
All vesting concluded in February 2022. As a result, the entire HUNT supply is fully circulating, with no official lock-ups remaining.
The Business Development reserve is transparently held in a single onchain wallet (0x842aDFAef2DE55Bb77bAeb54e57ba08862567E72).
Any transfers from this wallet for ecosystem development purposes are pre-announced to the community in advance.
Initial Token Supply (History)
A total of 500 million HUNT tokens were issued on the Ethereum network, with the initial distribution planned as follows:
Ecosystem and community building airdrops - 250M (50%)
Reserve for future business development - 100M (20%)
Team members (2 year vesting) - 50M (10%)
1st round funding - 50M (10%)
2nd round funding - 50M (10%)
Changes in Token Supply (Burn Records)
As noted above, over 60% of the initially issued HUNT supply was burned through the following events:
Q1 2020, non-HUNT fee-based revenue: 1,311,205 HUNT
End of ecosystem bounties: 186,578,670 HUNT
Q2 2020, non-HUNT fee-based revenue: 1,868,664 HUNT
Team allocation and 2nd round funding: 100,000,000 HUNT
Q3 2020, non-HUNT fee-based revenue: 112,357 HUNT
Q4 2020, non-HUNT fee-based revenue: 96,994 HUNT
Q1 2021, non-HUNT fee-based revenue: 31,989 HUNT
Community token swap from HUNT to MINT: 7,183,524 HUNT
Team matching token swap from HUNT to MINT: 3,591,762 HUNT
Q2 2021, non-HUNT fee-based revenue: 82,759 HUNT
Q3 2021, non-HUNT fee-based revenue: 37,267 HUNT
Q4 2021, non-HUNT fee-based revenue: 62,729.9 HUNT
Q1 2022, non-HUNT fee-based revenue: 26,264 HUNT
Q2 2022, non-HUNT fee-based revenue: 47,690 HUNT
Q3 2022, non-HUNT fee-based revenue: 55,349 HUNT
After these burning events, the total circulating supply stands at 198,912,688 HUNT, all of which are fully vested.
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