When it comes to exchanges I have a simple opinion: more services that have good quality and can solve costumer needs will be a WIN-WIN for everybody.
You already know a bit about Hawala.today project if you checked my latest article. but there are several news coming and exciting events ahead!
Having an exchange with realtime P2P transactions, trust ratings, fiat gateways, on-demand listing for new tokens where users will be able to vote for what they want to trade and Cash cards gives us a great view on this new project and I believe it can grow a lot in the future.
They have some news coming for the end of 2017 and beggining of 2018:
29th of december: Whitepaper Release.
30rd of december: Coin Swap to IFS
31st of december: Hawala Wallet (alpha version)
1st of January 2018: IFS activated
15th of January 2018: Hawala Wallet (mobile version) release
One of the news is the implemention of the incentive for stake, where you'll be rewarded percentually according to the amount of HAT you Hodl (I mean, hold!).
On their own words on the website:
Hawala.Today incorporates a new consensus 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 interest rates starting from 15% and evening out at just over 7% in 10 years.
These are the rates for the POS:
INCENTIVE FOR STAKE (IFS):
1st-2nd year: 15%
3rd-5th year: 12%
6th-7th year: 10%
8th year: 8%
9th year: 7.5%
10th year: 7.27%
To implement IFS they'll have to make a token swap that will use a different smart contract.
But no need to panic for that! Just HODL your HAT tokens on a etherwallet that supports ERC20 Tokens and you'll receive HAT.new tokens without problems and with the IFS now active.
This will happen on the 30rd of December, between release of whitepaper and desktop wallet.
the new coin will have the same properties and value and total supply remains the same so it will hardly affect the market price and volatility.
What are your thoughts on this project? are you holding your HAT tokens to stake in the future?
Make sure to check their ANN on bitcointalk and their main website
and If you have any questions feel free to ask on their telegram group or reddit
they're also already listed on Etherdelta in case you want to check it, but still really starting.
Remember: always do your own research and never invest more than you can afford to loose!
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Thanks a lot dear friends!
Talk to you soon!
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