HAT Exchange is now the new talking to town recently. Since they kick off their beta phase.
What is HAT.Exchange ?
HAT.Exchange allows users complete control over their crypto assets and offers the opportunity to purchase crypto with regular currencies. Hash Algorithmic Technologies (HAT) ecosystem is designed to cater to the needs of the average person. It's vision is to bring the benefits of crypto to the global audience using a simple, intuitive and reliable application. Based on the Ethereum blockchain, it aims to offer support for all ERC-20 tokens and major cryptocurrencies like BTC, ETH, LTC.
In order to provide users easy access to purchasing crypto, the HAT.CashCards will act like prepaid cards allowing users to simply load fiat money into their HAT.Wallet, which can then be used to purchase HAT tokens. Despite being an exchange, HAT does not hold user assets. All information is stored on user's device and encrypted for security
Advantages
1.Cash Cards
HAT CashCards let users purchase prepaid codes locally or online with the payment options available to them. Once the value is redeemed, it can be spent on purchasing either HAT tokens or BTC, LTC and ETH. Cash Cards are the cornerstone of true mass adoption, enabling users in territories with less advanced financial systems to buy into crypto with incredible ease.
2.High-Return Rewards System
The HAT.Exchange Incentive for Stake (IFS) model is designed specifically to maintain a continuous rewards program which begins with an Annualised Rewards Rate (ARR) of 15% per year. Users holding HAT tokens can use the app (both mobile and desktop) to stake their tokens on the Ethereum blockchain. The staked tokens can be withdrawn at any given time. It's that simple!
But the branding quality looks much superior,compare it to another smaller coin, and the branding blows it out of the water despite being 10x smaller in market cap. On top of having a nice aesthetic, the website also demonstrates relevant information about the project effectively. It is easy to scroll through and get a nice sense for what the project is currently, and what it hopes to accomplish. I think that the unique value proposition of Hawala will be in two areas: the ease of use of their app, and the proposed cash card
3.Security & Privacy
HAT.Exchange and its components offer a secure application for the users. All private user information is encrypted and stored on the user's device and transmitted when necessary, to be propagated by the Ethereum network. As such, users are responsible for the security of their devices.
Privacy is a priority concern for most users. Therefore, HAT.Exchange stores KYC information offline as hardcopy files. This information remains secure from any potential hack attempts.
The HAT Wallet can be used to trade crypto across the world, with any ERC-20 compatible wallet address. Instead of searching locally, users can enter the recipient’s address directly into their wallet and send quick transfers to anywhere in the world.
And what makes the HAT great is their IFS.
HAT Exchange token incorporates a new incentive model, Incentive for Stake. This is based off of the Proof of Stake model, where staking results in the minting of new tokens. After the initial supply of 2.5 million, every year will see tokens added to the supply with Annualized Reward Rate (ARR) starting from 15% and evening out at just over 7% in 10 years.
The graph depicts the increase of token supply over a period of 10 years, until the 7 million cap is reached.
The IFS model is designed to let the community stake their tokens and in turn, receive rewards proportional to the amount of HAT they stake. So, in essence, all tokens minted after the initial supply will be distributed among the token holders till the cap is reached.
The HAT Wallet will allow staking of HAT tokens. The IFS model utilizes this and users get rewards based on how many HAT tokens they stake. Tokens being staked are not accessible for trading. Join our social media for regular updates.
Currently, the application is in BETA phase, entering the community testing phase and will be supported across smartphones, Windows and OSX platforms.
Conclusion:
I think that it’s only a matter of time until this coin gains some decent publicity and sees some decent growth. If the team is able to execute on the UI mock-ups shown on the website, and the cash card ends up working - this project could explode.
#hawalatoday
Twitter : https://twitter.com/HAT_Exchange
Website : https://hat.exchange/
Updated Bitcointalk Ann: https://bitcointalk.org/index.php?topic=2285591.0