HubinNetwork Whitepaper

What is HubinNetwork

Friends, imagine a digital playground where not only can you enjoy a variety of fun games, but you can also earn special digital collectibles (NFTs) by playing, and even earn returns by "depositing" your digital assets. HubinNetwork (HBN for short) is such a project—a blockchain-based digital token aiming to bring real benefits to the crypto community. It acts as a multifunctional platform, integrating the popular Play-to-Earn (P2E) games, NFT minting, and staking all in one.

One of its core products is a P2E game called "Hubinio." Picture it as a multiplayer online "big fish eats small fish" game, where players control cells, grow by devouring smaller cells, and avoid being eaten by larger ones. Each game round lasts 15 minutes, and the final winner receives HBN tokens and unique NFT rewards. These NFTs are not just cool skins—they can also be used as special items in the game.

P2E Game (Play-to-Earn): A blockchain gaming model where players can earn cryptocurrencies or NFTs by playing, which can be sold or traded in the real world, thus achieving "play and earn."
NFT (Non-Fungible Token): A unique digital asset, each NFT is one-of-a-kind and irreplaceable, representing ownership of digital or physical assets such as artwork, collectibles, or game items.
Staking: The process of locking cryptocurrencies in a blockchain network to support its operation and earn rewards, similar to earning interest by depositing money in a bank.

Project Vision and Value Proposition

HubinNetwork's vision is to leverage blockchain technology to create value for the crypto community and to revolutionize the gaming industry through its ecosystem, providing a fun and engaging experience for players worldwide. The core problem it aims to solve is allowing players to not only enjoy gaming but also gain tangible digital asset returns. The team believes that many current game tokens focus on a single game type, while HubinNetwork aims to develop a diverse range of games that appeal to players of all ages.

Its differentiator from similar projects is that it is not just a single game, but is committed to building a comprehensive ecosystem that includes P2E games, NFTs, and staking. The team emphasizes that they have their own development team, ensuring each game is unique.

Technical Features

HubinNetwork's technical features are mainly reflected in its three core functions:

P2E Game

As mentioned, "Hubinio" is an online multiplayer action game where players strategically devour other cells to accumulate mass and compete in weekly tournaments to win HBN tokens and unique NFTs. The game emphasizes community interaction and social connection.

NFT Artwork

The HubinNetwork community has access to a series of meticulously crafted NFTs, each with 98 unique traits, including different backgrounds, brain models, skin models, and various clothing accessories. These unique traits make each NFT feel like a special piece of art and offer significant trading potential. They can also be used as unique skins in the "Hubinio" P2E game.

Staking dApp

HubinNetwork offers a decentralized application (dApp) for staking. Users can lock HBN tokens to earn rewards or interest. Currently, there are three staking options: lock for 15 days to earn a 30% annual percentage rate (APR), 30 days for 60% APR, and 45 days for 90% APR.

dApp (Decentralized Application): An application running on a blockchain network, not controlled by any single entity, featuring transparency and immutability.

Tokenomics

HubinNetwork's token is HBN. It plays a central role in the ecosystem, serving as game rewards, a medium for NFT purchases, and staking.

Token Basic Information

• Token Symbol: HBN
• Issuing Chain: Primarily operates on Binance Smart Chain (BSC).
• Total Supply or Issuance Mechanism: Total supply is 100 million HBN tokens.
• Distribution: According to an AMA (Ask Me Anything) session, token distribution is roughly as follows:
  • 30 million for presale
  • 20 million for staking rewards
  • 17.64 million for liquidity provision
  • 15 million for the P2E game section
  • 10 million for centralized exchange (CEX) listings
  • A portion allocated to the team, locked for one year for vesting
  • A small portion will be burned in the initial phase
  • A small portion for PinkSale platform fees

Token Utility

HBN tokens have multiple uses within the HubinNetwork ecosystem:

• In-game Rewards: Players can earn HBN tokens as rewards for winning or performing well in P2E games like "Hubinio."
• NFT Purchase and Use: HBN tokens can be used to buy and trade NFTs, which can serve as game skins or collectibles.
• Staking: Holders can stake HBN tokens to earn additional HBN rewards.
• Ecosystem Development: Tokens also support ongoing project development and expansion, including potential future NFT marketplace launches.

Team, Governance, and Funding

Core Members

According to project information, HubinNetwork's core team members include:

• Adam: Founder and CEO. Holds a bachelor's degree in economics, has four years of experience in crypto, and deep research into the BSC ecosystem. Responsible for team building, management, and network expansion.
• Claude: Chief Operating Officer (COO).
• Oscar: Chief Technology Officer (CTO). A software developer with extensive experience in mobile apps, web development, and various sites (banking, investment, e-commerce, crypto, etc.).

Team Characteristics

The team began developing HubinNetwork in the summer of 2022. They describe themselves as a professional team of blockchain experts and developers, dedicated to releasing exciting games that appeal to players of all ages. Team members also have experience in crypto market analysis and research.

Governance and Funding

Currently, public information does not detail HubinNetwork's specific decentralized governance mechanism. Regarding funding, token allocation mentions presale, liquidity, P2E section, and CEX listing funds. The team's token portion is locked for one year for vesting, which is typically to incentivize long-term project development.

Roadmap

Based on available information, HubinNetwork's roadmap can be summarized as follows:

Historical Key Milestones and Events

• Early 2022: Founder Adam began conceptualizing and planning his crypto asset project.
• Late Summer 2022: HubinNetwork project development started.
• December 2022: Project fair launch began, with presale on PinkSale platform. The three core functions—P2E game, NFT, and staking—were ready on the website, with plans to fully launch on BSC network soon after presale ends.

Future Key Plans and Milestones

• Ongoing Ecosystem Development: The team plans to continuously build its ecosystem "month after month" and seek more partners.
• More Game Development: In addition to Hubinio, the team plans to launch more games, each with its own NFT series.
• NFT Marketplace: Plans to launch an NFT marketplace in the future.
• Meme Token Airdrop: The first NFT series will offer an airdrop of its first meme token, expected to launch in 2023.
• Centralized Exchange Listing: Token allocation reserves funds for CEX listing, indicating this is a key future goal.

Common Risk Reminders

Investing in any blockchain project carries risks, and HubinNetwork is no exception. Here are some common risk reminders:

• Technical and Security Risks: Smart contracts may have vulnerabilities leading to asset loss. Blockchain networks themselves may face attacks. Although the project has a CTO, new projects still require time to prove their security.
• Economic Risks: Token prices are highly volatile and may drop sharply due to market sentiment, macroeconomic changes, or project setbacks. P2E game economic models may be unsustainable; if there are not enough new players or the reward mechanism is poorly designed, it may lead to token inflation and value decline.
• Compliance and Operational Risks: Global crypto regulatory policies remain unclear, and future policy changes may impact project operations. The team's execution ability, community building, and marketing effectiveness directly affect project success.
• Competition Risks: The GameFi and NFT markets are highly competitive; HubinNetwork must continually innovate to stand out.
• Liquidity Risks: If token trading volume is insufficient, investors may find it difficult to buy or sell HBN tokens at ideal prices.

Please remember, the above information is not investment advice. Be sure to conduct thorough independent research before making any investment decisions.

Due Diligence Checklist

To gain a more comprehensive understanding of the HubinNetwork project, it is recommended to review the following information yourself:

• Block Explorer Contract Address: Look up the HBN token contract address on Binance Smart Chain (BSC) via a block explorer (such as BSCScan) to check token supply, holder distribution, transaction records, etc. Current search results do not directly provide the HBN contract address and require further investigation.
• GitHub Activity: Although search results mention a GitHub page, it appears to be a generic page rather than an active code repository for HubinNetwork. It is recommended to find the project's official codebase, check code update frequency, contributor count, and code quality, as these reflect development progress and transparency.
• Official Website and Whitepaper: Carefully read HubinNetwork's official website and full whitepaper (if the latest version is available) for the most detailed and up-to-date project information.
• Community Activity: Follow the project's social media (such as Twitter, Telegram, Discord) and forums to gauge community activity, discussion topics, and team engagement.

Project Summary

HubinNetwork (HBN) is a blockchain project focused on GameFi, NFTs, and staking, aiming to bring value to the crypto community through its multifunctional ecosystem. Starting with the "Hubinio" P2E game, it combines unique NFT collectibles and staking services, seeking to carve out a niche in the competitive blockchain gaming market. The project team is composed of experienced members and has mapped out a future development roadmap, including ongoing ecosystem building and the launch of more games.

However, as an emerging blockchain project, HubinNetwork faces various risks in technology, market, and compliance. Before participating, it is strongly recommended to conduct in-depth research and fully understand its potential risks. Remember, this article is for project introduction only and does not constitute investment advice.

For more details, please conduct your own research.