The design of Honeypot for the $HPOT airdrop aims to solve two main issues:

How users can truly obtain value, and how to reduce structural selling pressure.

Therefore, $HPOT does not adopt the incentive method of directly distributing tradable tokens.

Users' usage, participation, and contributions will first convert into Token Entitlement, and then gradually redeem through the stablecoin $HONEY according to TGE valuation.

The changes brought by this mechanism are very clear:

Users can obtain real benefits without needing to sell $HPOT to cash out.

$HPOT itself primarily assumes the role of long-term equity and supply contraction.

At the same time, the real income generated by the protocol (including Perps, Vault strategies, etc.) will enter a unified All-in-One Vault for stablecoin redemption and $HPOT repurchase.

The decrease in circulation caused by repurchase further strengthens the entire positive cycle.

From the perspective of distribution structure to repurchase path, $HPOT is attempting to shape the token into a long-term income asset supported by product revenue.

In the current market environment, this kind of token design centered around the mechanism itself at least provides a different solution, which is definitely worth continuous attention.