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description: HERE YOU WILL FIND THE FULL DETAILS OF OUR DIGITAL CURRENCY
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# HOBO

HOBO is the official crypto currency of the Hobo universe ecosystem.

&#x20;Hobo is an ERC20 token, Built to be deflationary with a supply of only 30 million, it is also designed to be as decentralized as possible according to our Tokenomics.

&#x20;  Hobo was built using Open zeppelin smart contract which have gone through various Audits to ensure the safety of the token, the code is also open source to for everyone to see.

&#x20;Hobo has no token tax and is not controlled by anyone, No one not even the team can control the token, or blacklist any wallet, this is done to ensure as much decentralization as possible.

TOKEN DISTRIBUTION

&#x20;  OUT OF THE TOTAL SUPPLY OF 30 MILLION

15 million has been locked&#x20;

3 million will be allocated to the team ( all tokens allocated to the team has been burnt ) Proof ([https://scan.coredao.org/tx/0x65f637c89099cc81c723629a2c1edea2725bb71fb5241d2ed0cb712685ae4e1a](https://scan.coredao.org/tx/0x65f637c89099cc81c723629a2c1edea2725bb71fb5241d2ed0cb712685ae4e1a))&#x20;

1 has been added as liquidity&#x20;

3 million has been allocated as staking rewards&#x20;

7 million will be used to build and expand the project

## &#x20;  USE CASES

What’s the utility of money? SPEND

HOBO has a lot of utilities a few will be mentioned below

1\.      Hobo is decentralized digital currency meaning holders will be able to use HOBO in exchange for goods and services

2\.      HOBO will be used to purchase NFTs

3\.      Hobo can be staked to earn high yield

4\.      People will be able to stake NFTs And LP tokens to earn Hobo

5\.      Hobo can be used as collateral to borrow various Digital assets &#x20;

&#x20;  SMART CONTRACT (CORE BLOCKCHAIN) : 0x25100C0083e8E53b1cb264E978522bd477011A0d

&#x20;  SCAN : [https://scan.coredao.org/token/0x25100c0083e8e53b1cb264e978522bd477011a0d](https://scan.coredao.org/token/0x25100c0083e8e53b1cb264e978522bd477011a0d)&#x20;

&#x20;    OUR SOURCE CODE IS VERIFIED ON THE SCAN
