Help Steps Prepares for Token Launch and Distribution

Help Steps, a project ranked #8 in the Move-to-Earn sector, is preparing for its upcoming Token Generation Event (TGE) and distribution. The event is scheduled as part of its roadmap to establish the Help Steps ($HSX) token on the Binance Smart Chain blockchain. The TGE marks an important milestone for the project as it aims to expand its ecosystem and attract a larger user base.

The TGE and distribution process will follow a structured release plan, ensuring that tokens are allocated systematically. A total of 25% of the tokens will be distributed during the TGE, providing an initial circulating supply to support early adopters and ecosystem activities. Following this, a 30-day cliff will be implemented, during which no additional tokens will be released. After the cliff, the remaining tokens will be vested linearly over a 90-day period, creating a gradual supply increase to maintain market stability.

The TGE is set to coincide with the platform's Strategic Holder Offering (SHO) on DAO Maker, scheduled for December 12, 2024, to December 19, 2024. This event aims to raise $750,000 by offering 150 million HSX tokens at a price of $0.005 per token. This allocation represents 15% of the total token supply and is based on a pre-valuation of $5 million for the project. The SHO provides investors with an opportunity to support the Help Steps ecosystem while securing tokens at the earliest stage.

The HSX token plays a central role in Help Steps' platform, designed to integrate Web2, Web2.5, and Web3 functionalities seamlessly. The ecosystem allows users to convert their physical activity, measured through a step counter in a mobile app, into off-chain HS points. These points can then be converted into on-chain HSX assets for further use within the platform. Users can also leverage these tokens in an NFT marketplace, which enables the purchase of unique NFT combinations that generate additional token rewards.

The platform's roadmap highlights a strong commitment to its community by offering multiple engagement opportunities through its token launch phases. Following the TGE, Help Steps plans to roll out an Initial DEX Offering (IDO) and further private rounds to enhance liquidity and attract strategic investors. The upcoming token sale rounds are key to achieving Help Steps' long-term goal of bridging physical activity with blockchain technology.

The project’s fundraising and token distribution plan has been designed to ensure equitable access while maintaining robust financial health. The linear vesting mechanism safeguards against excessive market volatility and fosters sustainable growth. Additionally, the use of Binance Smart Chain ensures scalability, low transaction fees, and accessibility to a broad audience within the cryptocurrency space.

Help Steps represents an innovative model in the Move-to-Earn sector, combining traditional step tracking with blockchain integration. By implementing a clear and transparent token distribution strategy, the project aims to build trust among its community while ensuring long-term growth. The TGE and subsequent distribution are key events for the project, marking the beginning of a new phase of development and user engagement.

As the TGE approaches, investors and participants are encouraged to stay informed about updates through the Help Steps official channels, including Twitter and Telegram. These updates will provide further insights into the distribution process and the project's plans for expanding its ecosystem after the TGE. The structured approach to token allocation and the commitment to innovation highlight Help Steps' ambition to become a significant player in the Move-to-Earn space.