Are you ready to explore the Galxe.
20 Jul 2023, 16:37
Are you ready to explore the Galxe? ☄️
Check out the most valuable Astronaut Insights - tips and tricks from our most dedicated community members.
gal.xyz/AstronautInsight
By reading into Astronaut Insights, you can become a Galxe Insighter yourself!
Claim OAT: gal.xyz/Insighter
🏆 Even better, if you refer a friend, you can mint the Referral Guru #OAT!
That’s right! Referral feature is live 🔥
You can now invite your friends to Galxe campaigns and get rewarded 👫
Link: gal.xyz/Referral
Same news in other sources
1HatomHTM #961
20 Jul 2023, 16:50
The HTM token is at the heart of the whole Hatom ecosystem and its utility will continue to grow over time. Initially, the token will hold significant governance power, governing crucial DeFi components of the MultiversX blockchain. These include the first lending protocol, the first liquid staking solution, and the first native stablecoin of the blockchain. Once we have a stable market for the HTM token and it is liquid enough we can integrate it into the Lending Protocol.
Looking at Ethereum, it's clear that Aave, Lido, and MakerDAO are the leading DeFi protocols in terms of revenue generation. Hatom encompasses these DeFi pillars and more. For example The Aave token reached 8 billion Market cap while being only a governance token because the protocol was successful.
Once we have multiple modules launched and generate sufficient revenue, we plan to deploy the Staking & Safety Modules. Additionally, we aim to introduce the Buy Back Module, where instead of using the revenue to incentivize the money markets directly, we will first buy the HTM tokens using that revenue then distribute it as incentives in the lending protocol. The token price is a reflection of the project's value within the blockchain, highlighting its significance.
To Recap:
* The $HTM token will govern the whole Hatom Ecosystem.
* It will be used in the lending protocol to earn interest and as collateral to take out loans
* It will be used in the Staking Module to earn a share of the revenue generated by the whole ecosystem
* It will be used in the Safety Module to earn safety incentives
* It will have a buy-back module
The HTM token is at the heart of the whole Hatom ecosystem and its utility will continue to grow over time.
The HTM token is at the heart of the whole Hatom ecosystem and its utility will continue to grow over time. Initially, the token will hold significant governance power, governing crucial DeFi components of the MultiversX blockchain. These include the first lending protocol, the first liquid staking solution, and the first native stablecoin of the blockchain. Once we have a stable market for the HTM token and it is liquid enough we can integrate it into the Lending Protocol.
Looking at Ethereum, it's clear that Aave, Lido, and MakerDAO are the leading DeFi protocols in terms of revenue generation. Hatom encompasses these DeFi pillars and more. For example The Aave token reached 8 billion Market cap while being only a governance token because the protocol was successful.
Once we have multiple modules launched and generate sufficient revenue, we plan to deploy the Staking & Safety Modules. Additionally, we aim to introduce the Buy Back Module, where instead of using the revenue to incentivize the money markets directly, we will first buy the HTM tokens using that revenue then distribute it as incentives in the lending protocol. The token price is a reflection of the project's value within the blockchain, highlighting its significance.
To Recap:
* The $HTM token will govern the whole Hatom Ecosystem.
* It will be used in the lending protocol to earn interest and as collateral to take out loans
* It will be used in the Staking Module to earn a share of the revenue generated by the whole ecosystem
* It will be used in the Safety Module to earn safety incentives
* It will have a buy-back module