The major minting and burning mechanisms are listed below:

The following is the list of expected buyers and sellers for COYNs in the open market, post the listing of COYNs:

To promote decentralized governance and raise funds for SNS, 33% of the total supply (330 million HOT tokens) was made available for sale. Sale participants have deposited ICP into the SNS and received HOT tokens in proportion to the ICP deposited. The tokens will be divided into 5 neurons of equal value, with the first neuron being immediately disbursal and the other four having dissolve delays of 6, 12, 18, and 24 months.
Similarly, each participant of the Community Fund will receive their tokens in a basket of 5 neurons with the same configuration.

Hot or Not has 3 founders who have been working since February 2021 and 15% of the 1 billion tokens will be allocated to the founders. Each founder will receive 5% of HOT tokens in the form of a basket of 48 equal-value neurons. Each neuron will have a dissolve delay of 3 months. These neurons will be vested over a period of 48 months from the SNS Sale in equal proportions every month. The founders will not receive any tokens at the SNS sale event, with all the tokens having a vesting period at that time.
If a token has a "vesting period," it cannot be accessed until the period is over (and this includes increasing the dissolve delay). This ensures that the founders cannot rug-pull investors and provides an ongoing incentive to make Hot or Not successful.
As these neurons have a relatively short dissolve delay of 3 months, which cannot be increased, the voting power of the founders will gradually decrease, ensuring that governance is properly decentralized.

Hot or Not has received support from various investors and advisors (independent parties) since its inception. Seed investors have been allocated 9.75% of the total supply at SNS Sale, and 1% has been allocated for advisors.
Each investor/advisor will receive tokens in the form of a basket of 24 equal-value neurons. Each neuron will have a dissolve delay of 3 months. These neurons will be vested over a period of 24 months from the SNS Sale in equal proportions every month.
Like the neurons allocated to founders, these neurons will have a dissolve delay of 3 months that cannot be changed for the unvested neurons.
The seed investors also consists of those who purchased the Funded NFTs during our crowdfund sale in December 2022. These investors would be allocated HOT tokens in their respective wallets post the completion of the SNS sale in lieu of the NFTs issued to them during the crowdfund.

After the decentralization sale, SNS has retained a treasury of 41.25% of HOT tokens. Of this amount, 20.25% has been earmarked and will be allocated to the non-profit Foundation, which will develop and manage the infrastructure of the Hot or Not platform. Further, 1% of the HOT tokens allocated to the Treasury would be earmarked for a pre-SNS airdrop, incentivizing existing users, new users, crowdfund NFT holders, and users from other communities within the IC ecosystem.
The HOT tokens allocated to the Foundation have been earmarked for the following:

• Rewards for current and future employees of the foundation (~6%)
• Reserved for meeting future advisors and funding needs for the project (~11%)
• Reserved for future development activities (~3%)

Only 50% of the tokens allocated to the Foundation would be staked for voting to allow the foundation to participate in the governance of the platform.
A significant portion of the treasury will be allocated to rewards for users who make positive contributions to the ecosystem. Additionally, it will be available for community bounties through SNS proposals to compensate developers and users who contribute to Hot or Not.
A portion of the funds are currently providing initial liquidity pools for DEXes (decentralized exchanges). Listing HOT on one or more exchanges is necessary for HOT tokens to be traded. We’re currently trading on IC DeXes like Sonic, ICDex & ICPSwap. Our immediate next plan is to make HOT available on several centralized exchanges like Coinbase & Binance.

As the governance tokens, HOT serve the following purposes on the platform, including:

• Staking as neurons (similar to ICP neurons) that allow token holders to participate in the governance of the platform by voting on SNS proposals. By doing so, they earn voting rewards that increase the longer the tokens are staked. This incentivizes token holders to act in the long-term interests of Hot or Not.
• Participating in User-Driven Content Moderation
• Paying for the creation fees of Creator DAOs
• Paying for premium features/early access on the platform
• Converting collaterals, such as short videos, filters, developer tools, etc., to NFTs
• Purchasing ad space on the platform for brands

The SNS will receive an income in HOT tokens from several streams, such as premium features, creator DAOs, conversion to NFTs, purchase of ad space, transaction fees, etc. The SNS would also receive an income in ICP from the NNS voting rewards of its large ICP neuron subject to its implementation.

There would be various outgoings, including payment for cycles, 3rd parties for services, payment to the core team and user rewards and bounties.

In the early years, the outgoings will outstrip the income and the treasury would be used to fund these outgoings. As the income grows overtime, it will balance the outgoings. As the DAO deems fit, it can choose to burn HOT tokens to reduce the supply. Further, since the burning mechanisms are related to the number of users on the platform, they will increase as the platform grows over time.