Category: Blockchain

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Everything You Need to Know About Our Upcoming ICO

ICO

HAT Token is a part of Grey HAT. Grey HAT is primarily a crypto wallet that supports thousands of tokens and coins. The uniqueness of Grey HAT is that it permits users to purchase and sell crypto assets by using the app itself. The novelty lies in the fact that Grey HAT can complete payment transparently by accessing the secured decentralized ecosystem of the Grey Hat platform. The purpose of this article is to explain to new users the main features of HAT Token, its utilities, and tokenomics. It will also explain the reasons why investors should invest in this token when it is launched through Initial Coin Offering (ICO).

Main Features of HAT Token

The HAT Token is a utility token on the Ethereum blockchain that functions as the native currency of our platform. Our goal is to make trading accessible to all, and our token is crafted to streamline the trading process while providing users with reduced fees, rewards, and various additional advantages.

  • Fast Payments

HAT Tokens leverages blockchain technology, and smart contract capabilities and allows instant peer-to-peer transactions. This eliminates all forms of delaying associated with traditional payment systems.

  • Discounts on Trading Fees

The discounts on trading fees are one of the most attractive features of the HAT token. It is undoubtedly a Unique Selling Proposition for the product. The users can carry out low-cost transactions for trading because of this feature.

  • Reduces The Need for Intermediaries 

The HAT token ecosystem facilitates peer-to-peer transactions by reducing the need for traditional institutions and intermediaries. Consequently, this leads to more efficient and faster transactions. 

  • Access to Exclusive Grey Hat communities

Grey Hat communities offer useful resources to users to communicate with individuals having similar interests. The community also offers opportunities for better networking, collaboration, and knowledge-sharing. It also allows regular updates of industry trends and access to more resources and educational content. 

  • Staking Provides Earning Scopes

Users have the scope to earn passive income by staking HAT Tokens. They can also improve both the stability and security of the network by earning rewards in return.

Tokenomics

Coin Details:

  • Token Name: HAT
  • Token Ticker: HAT
  • Token Role: Utility
  • Token Type: Ethereum, ERC20
  • Price at ICO: 0.10 USD
  • Total Supply: 1,000,000,000 (1B)

40% of the total supply of 1,000,000,000 (1B) HAT tokens will be released in the ICO Phase.

This 40% is Allocated as:

  • ICO Private sale: 10%
  • Release on IEO: 10%
  • Subsequent exchange listing phase 1: 5%
  • Subsequent exchange listing phase 2: 5%
  • Allocated for a philanthropic cause: 5%
  • Escrow for unaccounted distribution: 5%

Utilities of HAT Token

HAT Tokens during the ICO undergo a considerable degree of value accrual. Some mechanisms improve the utility of the HAT token to the investors. These mechanisms play a key role in ensuring that the token gains considerably over time and offers substantial returns.

  • Earning Rewards Through Staking

Token holders can stake HAT tokens to earn rewards, reduce supply circulation, and incentivize holding. These activities can increase the price of the token considerably.

  • Voting Rights on Platforms

The token holders will have voting rights on the decisions and strategies of the platform. Therefore, it can lead to better utilities and improve engagement with investors.

  • Community Participation

HAT Token will ensure better and more active engagement with the community through reward programs, events, and transparent communication systems. It will also help in building both loyalty and trust which is crucial for the value of the token.

Reasons Why Investors Should Invest in HAT Token

There are multiple reasons why investors should invest in HAT Tokens.

The foremost reason is that users can maximize their investment potential. They can also make substantial gains on discounts from trading fees. The HAT Token allows investors to store their tokens and earn rewards. This invariably leads to better network engagement and fosters long-term commitment.

The HAT token holders receive rewards for their involvement. They also receive various incentives for various activities in the ecosystem. Since it is based on blockchain technology, there is less need for intermediaries. This feature helps in better streamlining and guarantees faster peer-to-peer transactions.

HAT Token in a nutshell aims to fundamentally change the landscape of digital asset management by granting users many lucrative opportunities and benefits.

Seamless international transactions, fast payment solutions, and improving overall user experience are some of the great benefits of this token.

Conclusion

HAT tokens are intentionally designed to ensure a sustainable decentralized financial system. The token supports and aligns the different interests of community members, investors, and developers. HAT Tokenomics also supports better functionality and growth of the platform. It will also result in future adaptation and expansion. The several benefits such as discounts in trading fees, faster payment mechanisms, earning through staking, and reduced role of intermediaries can be immensely advantageous for many new and enterprising investors and users alike. 

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Understanding Initial Coin Offerings: A Comprehensive Guide

Initial Coin Offerings

Initial coin offerings (ICO)s are by far the most common method of raising capital for start-up ventures. These are structured in multiple ways. The project organizers and the concerned company determine the structure of the coin. Usually, business entities raise capital for their projects by issuing digital tokens in exchange for fiat currencies and crypto assets. ICOs are a better alternative in many ways compared to traditional sources of angel finance and venture capital. 

Basic Elements of ICO

Initial coin offering is a process that involves the use or propagation of basic elements such as the token, and publication of white paper. Thus, it may also highlight the significance of online marketing in the process. 

  • Online Marketing

Online marketing is the main and sometimes the sole means of distribution and communication. 

  • The Token

Crypto tokens are the digital units of value, circulation, and properties, which are directed through a computer code. Broadly speaking, there are three types of tokens.

  • Utility tokens

These tokens provide a variety of benefits and that may include the availability of specific services offered by the company.

  • Currency

Individuals primarily use these tokens for payment in transactions with them.

  • Investment or asset

Investment tokens or asset tokens authorize the owner the right to take part in the issue’s anticipated returns. There can be provisions for participation rights or voting rights in some cases.

  • The White Paper

The issuer involved in ICO mandatorily issues or publishes a white paper on its website. Although there is no specific format or content involving a white paper, nevertheless there are commonalities. The issuer and others involve commonalities such as information technology protocols, token supply distribution methods, planned projects (with potential business blueprints), and their own role as the protocol developers.

Initial Coin Offering Methods

There are different methods of Initial Coin Offering. It is in the best interests of startup ventures to know these methods such that it becomes easier for them to choose the suitable one.

  • Static supply and Dynamic price

In this method, the goal is dynamically funded while the ICO has a static or fixed supply of tokens. This essentially implies that the amount of funds received in the ICO is related to the overall tokens’ price.

  • Static supply and static price

The company determines and predetermines a total token supply, as well as limits the funding goal in this method.

  • Static price and dynamic supply

This method is rarely used. However, the ICOs may have a dynamic token supply but the amount of funding may vary and it ultimately determines the supply.

Process of Initial Coin Offerings (ICO)

The first step involves giving the details of the campaign. It may include making tokens with specific rights attached to them. These rights may include targeting the audience, setting a timeline for liquidity, token pricing, and issuing white paper. Furthermore, the first step may coincide with creating the business plan for the venture. 

The second step involves pre-sale. In this step, a small part of the issued tokens are sold at subsidized prices or discounted rates to a small group of contributors. The main purpose of pre-sale is to derive funds to compensate for the costs of the actual ICO. 

The third step will have actual transactions involving cryptocurrencies, fiat, and tokens. In this step, a critical milestone is necessary to list every cryptocurrency on a token exchange following the ICO. This listing ensures that tokens can be traded, making it the main source of liquidity.

Bottom Line

ICOs are highly advantageous and help accelerate the offering process by reducing capital costs. The relatively few barriers involved in ICOs help in the better democratization of capital markets because it simplifies the complex process of market entry for start-ups. The increase in interest in decentralized finance (DeFi) is a good indication of the growing acceptance of ICOs.