What is HUNT (HUNT)?

Quick Facts

• Token name: HUNT
• Blockchain: Ethereum (ERC-20), bridged to Base
• Role: Reserve and native token of the Hunt Town Co-op
• NFT utility: Minting a Building NFT requires locking HUNT tokens
• Supply model: Fixed supply; minting permission permanently removed
• Origin: Launched in 2019 by the Steemhunt team
• Ecosystem: Powers bonding-curve project tokens and Daily Backing Points

Introduction

HUNT is the native token of Hunt Town, an onchain cooperative (Co-op) designed for Web3 builders and backers. It acts as the foundational reserve asset that backs every project token and membership NFT issued within the ecosystem.

Rather than functioning as a simple governance or reward token, HUNT plays a structural role: every project launched in Hunt Town must use HUNT as its reserve, creating a tightly interconnected economy.

History & Background

The project began in 2018 as Steemhunt, a product-curation community built on the Steem social blockchain. The HUNT token was formally issued on Ethereum in 2019 with an initial supply of 500 million tokens.

Over the following years, the team burned more than 60% of that initial supply and evolved the product into Hunt Town — a full Web3 builders' guild and onchain Co-op model, eventually bridging HUNT to the Base network for lower-cost transactions.

How HUNT Works

At the core of Hunt Town is a bonding curve system. Builders launch their own project tokens, each backed by HUNT as the reserve asset. When backers mint a project token, HUNT is deposited into that project's bonding curve pool; when tokens are burned, HUNT is released back.

Membership is represented through Building NFTs. Minting one requires locking HUNT tokens, which then generate Daily Backing Points (BP). These BP are used each day to back and mint HUNT-backed project tokens, creating a rhythm of ongoing participation between builders and backers.

Tokenomics

HUNT has a fixed total supply with no inflation — the minting permission has been permanently and verifiably removed onchain. As the ecosystem grows and more projects launch, additional HUNT is continuously locked into bonding curve pools, reducing the circulating supply over time.

This design means ecosystem growth directly benefits all HUNT holders through scarcity. The Business Development reserve is held in a publicly disclosed onchain wallet, with any transfers pre-announced to the community.

Ecosystem & Use Cases

• Reserve asset for all project tokens launched within Hunt Town
• Building NFT minting — locking HUNT grants membership and daily BP
• Bonding curve liquidity — HUNT backs every project's built-in liquidity pool
• Guild tools — members access Web3 services, bounties, job listings, and events
• Hunt Clap — a recurring community grant program rewarding project endorsers

Team, Governance & Community

Hunt Town is developed by the Steemhunt team, active since 2018 with a track record of multiple product launches including Mint Club and Nomadtask. The project is open-source, with repositories maintained publicly on GitHub.

Community governance is reinforced through Building NFT ownership, which amplifies voting power and grant rewards across recurring seasonal programs. The community is active on X (Twitter), Telegram, Discord, and Farcaster.

Advantages

• Deflationary by design — fixed supply, with ecosystem growth locking more HUNT
• Interconnected economy — all projects share HUNT as a common reserve layer
• Built-in liquidity — bonding curves remove dependence on external liquidity providers
• Proven team — years of product iteration since the 2018 Steemhunt launch
• Base integration — low-cost transactions via Coinbase's Layer-2 network

Risks & Challenges

• Ecosystem dependency — HUNT's value is closely tied to ongoing project launches and builder activity within the Co-op
• Adoption risk — a bonding curve model requires sustained participation to remain healthy
• Complexity — the BP, Building NFT, and bonding curve mechanics may be unfamiliar to new users
• Market liquidity — as a mid-tier token, HUNT may face liquidity constraints during low-activity periods

Long-Term Vision

Hunt Town aims to become the go-to onchain cooperative for Web3 builders, where launching a project is as simple as minting a token on a bonding curve backed by community trust and HUNT reserves. The team continues to expand the ecosystem with tools like coding camps, gamified community challenges, and integrations with broader Web3 infrastructure — all designed to deepen HUNT's role as the unifying reserve layer of a growing builder economy.