For the fairness of everybody I just want to give some Overview and flashbacks about Hawala Today to make you understand of what I'm talking about. This is especially for the newbies or having no Idea yet about Hawala Today (HAT).
Overview
Hawala aims to be a peer to peer currency exchange system built on the Ethereum blockchain. Hawala serves as a gateway between fiat and Cryptocurrencies.
In addition to P2P exchanges, Hawala offers international money transfer, and cash cards to pay for items with crypto.
Advantages
First, when you visit the website, you immediately notice how beautifully built it is. The market cap of this coin while I am writing is hovering around 630,345 USD.
But the branding quality looks much superior,compare it to another smaller coin like Oyster Pearl, 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. The mock-ups of the app on the website look very apple with an easy to use UI. As we are seeing now with the market dominance of Coinbase, ease of use is incredibly important in crypto, and I think Hawala does this quite well. The cash card would be huge for crypto as well. While projects like Request Network are working on instantaneous crypto to fiat currency conversions, wrapping that up into a card would enable the masses to pay with crypto and help out the whole market. I am so happy about the near future of Hawala. With the wallet in development, of course it is out now (Alpha), and many users are staking their token, earning more hat each day.
The Hawala 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 Hawala great is their IFS.
Hawala.Today 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 Hawala 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 alpha 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 : @Hawala.today
Website : https://www.hawala.today