$HYB Token Utility
The $HYB token is the native utility token of the Hybrid ecosystem, enabling transactions, incentivizing contributors, and unlocking access to the suite of AI and blockchain tools. $HYB is essential for both operational functionality and community-driven growth within the ecosystem.
Core Utilities of $HYB
Transaction and Gas Fees
$HYB is required to pay gas fees on Hybrid’s Layer 2 blockchain, facilitating smart contract executions, rollup verifications, and AI Agent interactions.
This ensures seamless, decentralized operations across the ecosystem.
Purchasing cHYB (Hybrid Credits)
$HYB can be used to purchase cHYB, a prepaid credit system for platform-wide spending.
cHYB can also be purchased directly using $ETH, $USDC, or $USDT.
Uses of cHYB include:
Accessing Atlas for AI-powered insights and prompts.
Using developer tools to create and deploy AI Agents.
Spending within the marketplace for data, APIs, and advanced tools.
Upgrading or enhancing AI Agents in the ecosystem.
Node Operations and Rewards
Integrity Node operators are compensated with $HYB for:
Securing the network.
Verifying L2 rollup blocks, AI Agents, and custom challenges.
Rewards come from:
A portion of gas fees.
Revenue generated through SDK/API usage and AI Agent interactions.
Governance Participation
$HYB holders can engage in governance, influencing decisions related to:
Protocol upgrades.
Adjustments to tokenomics.
Feature and ecosystem developments.
Incentive Mechanisms
Developers: Earn $HYB by contributing datasets, integrating APIs, or building AI Agents.
Users: Earn $HYB through ecosystem activities, completing tasks, or engaging with AI Agents.
What are cHYB (Hybrid Credits)?
cHYB serves as a flexible, prepaid credit system for streamlined payments and service access across the Hybrid platform.
Key Features of cHYB:
Versatile Payment: cHYB can be used for:
Atlas prompts and queries.
Developer tools for building and deploying AI Agents.
Marketplace transactions, including datasets and APIs.
Flexible Purchase Options: cHYB can be acquired using $HYB, $ETH, $USDC, or $USDT.
Subscription and Pay-Per-Use Models: Users can opt for monthly subscriptions or pay-as-you-go services.
Sustainability and Deflationary Mechanism
Fee Redistribution
A portion of the $HYB used for gas fees, cHYB purchases, and platform payments is redistributed to reward:
Integrity Node operators.
Developers contributing to the ecosystem.
Burn Mechanism
A percentage of $HYB used for transactions and services is burned to reduce overall supply, promoting long-term token value.
Treasury Allocation
Revenue from cHYB purchases and unused credits is allocated to the treasury to support ecosystem development, community initiatives, and governance.
Summary of $HYB Utilities
Utility
Description
Gas Fees
Powers Layer 2 transactions, rollups, and AI Agent interactions.
cHYB Purchases
Converts $HYB, $ETH, $USDC, or $USDT into spendable credits for platform tools.
Node Rewards
Incentivizes Integrity Nodes for securing the network and verifying processes.
Governance
Enables voting on key ecosystem decisions.
Developer & User Incentives
Rewards for contributing to Hybrid’s ecosystem through tools, data, and tasks.
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