capital rotating hard from pure nft plays into token+utility combospudgy penguins case study:• flipped polygon to hit #43 overall rank• 1.81b tokens ($54.6m) moved to cexs since jul 12• floor at 16.4 eth• abstractchain integration livenft collections without token utility getting dumped everywhere. adapt or die ...

Token Utility - HEST serves as a core functional token within the Hash Epoch ecosystem, facilitating participation in contests and settling platform transaction fees [1][2] - The token has financial applications, enabling users to stake HEST for interest income and borrow USDT through over-collateralization, enhancing capital efficiency [3][4] - HEST is used in LP mining, rewarding liquidity providers for HEST/USDT trading pairs with transaction fees and token incentives [5] Governance and Incentives - Staking HEST is required to become a node validator, participating in block verification and earning 10% of platform profit distribution [6] - HEST holders can participate in governance voting on platform rules and project listings [7] - The ecosystem incentivizes community engagement through HEST rewards for completing tasks like user referrals and social sharing [8] - Regular airdrops and contests are conducted to distribute HEST and reward winners [9] Ecosystem Expansion - Plans are in place to support cross-chain functionality with Solana and Ethereum, expanding into NFT markets and metaverse contests [10]