Tuesday, May 4, 2021

Take Action Now, Grab Helium Coin (HNT)

One of the best cryptocurrency has emerge to the market. It being developed by Helium. It's known as Helium HNT.

HELIUM Blockchain is now powered The People’s Network using LoRaWAN LongFi technology which has 200x more distance than WiFi.

Hotspots provide miles of wireless network coverage for millions of devices around you using Helium LoRaWAN LongFi, and you are rewarded in $HNT for doing this. And because of an innovative proof-of-work model (we call it “Proof-of-Coverage”), your Helium Hotspot only uses 5W of energy. Helium Hotspots earn HNT coin for building and securing network infrastructure and transferring device data.

The amount of HNT coin distributed to Helium Hotspots by HELIUM Blockchain depends on the type of “work” they perform based on the value to the network. This validation of network contribution is accomplished by a new work algorithm called Proof-of-Coverage (PoC). To participate in PoC, Helium Hotspots receive instructions (or ‘challenges’) to transmit payloads to any nearby Hotspots to witness and verify. These single-hop challenges are also known as ‘beacons’. Helium Hotspots without neighbors earn less as they can only issue Challenges, and are unable to have their beacons verified.

Helium Entropy Cycle (HEC) is a way to earn Helium $HNT coin via collaboration cloud pools services provided by HNThold. Client who’s subscribe Helium Entropy Cycle (HEC), can earn a portion of $HNT coin on bi-weekly basis as we do expand our LoRaWAN IoT services running under The People’s Network

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Thursday, December 19, 2019

Global Stablecoin Saga Launch

Saga has launched its long-awaited SGA stablecoin, a token imbued with a unique monetary model that can expand and contract to meet demand, reducing its volatility. Cryptocurrency platform Liquid.com is the first exchange to list the ERC20 token, which will initially be traded against USD, bitcoin and Ethereum.

How SGA Differs From Libra

Like Facebook’s Libra, SGA is intended as a global currency that allows citizens to store and move value without friction. Backed by an advisory board that includes Nobel Laureate Myron Scholes and J.P. Morgan’s Jacob Frenkel, the company has been busily refining its monetary and governance models over the past two years – and its debut is sure to turn a few heads.

The basket-backed stablecoin is the first of its kind, a token governed exclusively by its holders and operating beyond the remit of national governments, while still maintaining full regulatory compliance. Stakeholders can have their say via a range of voting mechanisms, making it a democratic alternative to Libra, which is overseen by a consortium of 21 companies including several conglomerates.

Incidentally, Saga does not intend to create an ecosystem replete with disparate revenue streams like the social media giant: it is merely the issuer of the token as opposed to the payments layer operator and custodian.

Breaking Away From The Basket

Saga is backed by a variable reserve of major fiat currencies, emulating the International Monetary Fund's SDR basket, complemented by an algorithmically controlled system utilizing smart contracts. The reserve backing ratio, which will start at 100%, will be public at all times, so that users understand how much of SGA’s value is accompanied by a corresponding amount of fiat currency. Transparency and banking-grade compliance provide firm foundations for the ambitious enterprise.

The Saga team unites economists, governors, blockchain engineers and policy professionals, all of whom want users to utilize SGA to make cross-border payments. Indeed, doing so may mitigate the effect of fluctuations in one’s own national currency.

Smart contracts will be deployed to stabilize SGA’s value over time, issuing new tokens to fulfil orders and burning excess tokens as holders sell them back. Ultimately, the plan is to gradually move away from the IMF’s reserve asset based on SGA’s market movements, with the value of outstanding tokens depending on the quantity in circulation. Saga believes that this evolving issuance model will temper price volatility while enabling SGA to progress beyond a simple fiat-backed/pegged stablecoin.

Wary of being mired in the same regulatory morass as Libra, Saga will not enter the North American market – at least not yet. Instead, it has adhered to the European Union’s know-your-customer (KYC) and anti-money laundering (AML) regulations, as well as the Financial Action Task Force’s crypto asset guidelines.

Real-World Applicability

Saga’s founder and chairman, Ido Sadeh Man, believes SGA is more than ready to see the light of day. “I have the privilege of working with leading minds in the fields of economics, politics, and technology, each of whom has interrogated and examined the Saga project,” he wrote on the eve of the launch. “Each of their challenges has tempered our offering and ultimately prepared it for real-world applicability, which is what is happening today.”

The real-world applicability, as Man puts it, will be put to the test in the months ahead as traders weigh up SGA’s potential.