MangaFi - Manga fan coins backed by HONO

Frequently asked questions

Everything you need to know about MangaFi

What is MangaFi?

Launching any fan coin requires expertise, money and a good tokenomic design. No manga creator has the insights nor experience to manage; thus, they have yet to be able to explore opportunities within the DeFi market. MangaFi is the solution to the problem.

MangaFi is a Manga Fan Coin launching platform that helps manga creators bring their fan coins to life. MangaFi takes care of the finances and all the technical complexities to create fan coins assets that appreciate in value as their HONO treasury grows with real yield revenue.

HONO (Kanji: 焱, Kun’yomi: ほのお), governed by HONO Protocol, is the manga industry's decentralized liquidity currency. HONO's purpose is to provide the manga industry with a censorship-resistant currency that preserves purchasing power, has deep liquidity, is trusted, and is widely used as a unit of account. HONO is supported by a robust and growing wstETH vault, which acts as a counterbalance to the market, adding confidence and stability to a volatile system.

What is the goal of MangaFi?

The goal is to revolutionise the manga industry through decentralised finance to build long-term, self-sustaining DeFi models that will provide manga creators with the financial support they need to create good content and products for manga fans worldwide continuously.

Is HONO a stablecoin?

HONO is a derivative backed by wstETH in a vault that continuously grows by accumulating platform fees. A growing vault means the value of each HONO is ever-increasing, and we expect it to grow at 8% to 25% per annum.

What happens if HONO goes off peg?

The Comprehensive Harmonizer for Arbitrage Kinetics and Revenue Accumulation (CHAKRA) algorithm manages the value of HONO in the market by balancing the market price against the vault value, preserving the value of HONO based on its backing in the vault.

Why stake liquidity for HONO?

MangaFi is designed to earn yield through trading fees; the amount of fees earned grows with the liquidity pool. 20% of the all income for HONO is allocated to reward liquidity providers, and this revenue can be harvested anytime.

Can I withdraw my liquidity anytime?

With MangaFi, you have the flexibility to withdraw your assets whenever you wish. There are no lock-up periods or restrictions, allowing you to access and manage your funds as needed.

Manga fan coins Coming Soon

Manga fan coins
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Manga fan coins Coming Soon

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HONO Protocol

Manga fan coins
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