Token Ecosystem

Hubble Protocol operates with four core tokens: $HUBBLE, $xHUBBLE, $EX, and $xEX. Each serves a distinct role in the ecosystem, from governance to staking rewards. Understanding these tokens and their relationships is essential for participants in the protocol.

$HUBBLE: The Share Token

$HUBBLE serves as the primary share token of the protocol with a fixed maximum supply of 200,000 tokens. It represents ownership in the protocol and forms the foundation of the governance system.

The token distribution follows a carefully designed structure:

• 4,800 $HUBBLE shares were added to initial liquidity on Shadow Exchange on Sonic, representing 2.4% of the maximum supply.

• Another 4,800 $HUBBLE shares were allocated to the team as $xHUBBLE, ensuring alignment of interests between the team and community.

• Additionally, 4,800 $HUBBLE shares are distributed through Genesis, providing early participants with a stake in the protocol's future.

Beyond the initial distribution, 17,520 $HUBBLE will be emitted by the protocol each year for 10 years, creating a steady and predictable supply schedule. This measured approach to emissions helps prevent inflation while ensuring continued rewards for protocol participants.

The contract address for $HUBBLE is 0xd441a37aA73fc1DDd2db99FC4c92f233b7d41CBd on the Sonic. You can check out the chart on Dexscreener.

$xHUBBLE: Locked Shares

$xHUBBLE represents $HUBBLE tokens locked for a duration of 180 days, creating a mechanism for long-term alignment and governance rights. Holders of $xHUBBLE gain the ability to participate in governance decisions, including voting on whitelist pools for Genesis emissions and directing ongoing protocol development.

The locking mechanism implements vesting similar to $xSHADOW, providing predictable unlocking schedules while discouraging short-term speculation. Notably, users attempting an instant exit from their locked position face penalties, with the exited value being split between the Mission Control and Dark Energy Module. This creates a disincentive for premature withdrawals while benefiting committed participants.

$xHUBBLE holders can stake their tokens in Mission Control to earn additional rewards from multiple sources. These include $xHUBBLE from users who exit their locked positions early, emissions during specific protocol states, and $EX rewards when the protocol operates above its target peg. The contract address for $xHUBBLE is 0x14D1Db2367312Ee3BBA54905b64f3bf0f0D677A8 on the Sonic blockchain.

$EX: The Pegged Token

$EX functions as the protocol's pegged token, designed to maintain a soft peg to $stS (likely a stablecoin token in the ecosystem). This peg is maintained through various mechanism including the epoch system and special interventions during extreme market conditions.

The token's supply is dynamically adjusted based on market conditions, with different epoch types influencing emission rates. During Neutral Epochs, $EX supply increases by 0.01%, while Light Epochs see a more substantial increase of 0.1%. These controlled expansions help balance supply with demand while maintaining approximate peg stability.

$EX is distributed primarily to Mission Control stakers when the token trades above its peg, creating incentives for participants to support the protocol during positive market conditions. This distribution mechanism helps recycle value back to committed protocol participants, strengthening the ecosystem's economic foundation.

$xEX: Locked Pegged Token

$xEX represents $EX tokens locked for a 14-day period, creating a medium-term commitment mechanism within the protocol. This locked position allows users to participate in the Dark Energy Module, earning additional rewards, including $xHUBBLE from early exiters and emissions during specific epoch conditions.

The shorter lock duration for $xEX compared to $xHUBBLE creates a balanced system of commitment options, allowing users to select their preferred time horizon while still contributing to protocol stability. During Black Hole Epochs, users can mint 1 $xEX for 1 $stS, creating an additional stabilization mechanism when the protocol operates below peg.

$xEX stakers in the Dark Energy Module earn $xHUBBLE emissions when $EX is at or below peg, creating countercyclical incentives that support the protocol during challenging market conditions. This incentive structure helps maintain participant engagement even during market downturns, contributing to the protocol's resilience.