Published
1 year ago on
September 02, 2022
In the decentralized markets, cryptocurrencies provide excellent use cases for their community members. For instance, Solana ($SOL) is a top cryptocurrency in the crypto space. With a robust blockchain network, Solana ($SOL) handles exceptional transaction speeds with an excellent consensus mechanism.
With a similar consensus mechanism used by Solana SOL, the HUH exchange ($HUH) aims to be a top cryptocurrency in the market. This article will consider the features HUH exchange shares with Solana to become one of the best cryptocurrencies in the market.
Scalable Features of The HUH Exchange
Operating a Decentralized Autonomous Organization (DAO) Structure:
For Solana ($SOL) to achieve its decentralized features, it allows its community members to govern the Solana Ecosystem. By holding Solana’s native token $SOL, holders and users can control incoming projects, vote on operational decisions, and contribute to the development of the Solana Ecosystem.
The HUH exchange ($HUH) values its community of members and users. By revolving its native tokens, $HUH, around its users and token holders, they do not require permission from a central authority to operate within the HUH network. Instead, a social digital environment is created where blockchain developers, crypto users, and creators can work in a censorship-less network.
Choice of consensus mechanism
Solana ($SOL) operates a Delegated Proof of Stake (DPoS) as its consensus mechanism. Solana’s consensus mechanism elects certain users in the Solana ecosystem to become validators of a block when transactions are made. The selection is often made by community votes or the Solana networking accessing users with more $SOL tokens in their wallets. This feature allows members to earn rewards in $SOL when they validate new transaction blocks in the Solana network.
The HUH exchange uses Proof of Stake (PoS) as its consensus mechanism. This mechanism allows any member who holds enough $HUH tokens to become validators. Also, the PoS consensus enables $HUH token holders to become “miners” by staking their tokens into the ecosystem to create liquidity pools. They earn passive income when other users transact and pay gas fees in the network. This mechanism offers speedier transactions at low transaction costs (gas fees) for users in the HUH ecosystem.
Development of Decentralized Apps (DApps)
Solana hosts hundreds of Decentralized Apps (DApps) created by developers and users in the Solana ecosystem. Some of these DApps on the Solana network include OpenSea (for NFTs), Gameta (Metaverse gaming), and MeanFi (Decentralized Exchange). Because of the decentralized nature and liquidity pools created by the Solana network, developers can kickstart their DApps and DeFi projects at low costs with no restriction.
The HUH exchange aims to be a social token for users and developers. They can create Metaverse, NFTs Marketplace, and Decentralized Finance (DeFI) projects. Also, the ecosystem is Ethereum Virtual Machine (EVM) compatible, allowing Ethereum-based tokens (ERC-20) and other blockchain developers to operate and create DApps in the HUH network efficiently.
HUH Exchange Presale
There is a chance to purchase more $HUH tokens on the HUH exchange platform. You can buy $HUH tokens using cryptocurrencies like Bitcoin, Ethereum, Dogecoin, Ripple, Tether, and Binance Coin. There are ways you can receive more $HUH tokens when you buy with a fiat currency (in US dollars).
Starting with a $100 purchase of $HUH tokens, you will receive 1% extra tokens. An increase in fiat purchases offers you more exciting bonuses.
When you purchase $HUH tokens with $250, you receive 3% more $HUH tokens. With $500, you enjoy an 8% extra $HUH tokens. Going further in purchasing $HUH tokens with $1,000 avails you 19% more $HUH tokens. Finally, if you are buying $HUH tokens with $2,500, you will receive 40% additional $HUH tokens.
There are more ways you can enjoy more bonuses in the HUH exchange presale when you spend with Fiat currency. The HUH exchange introduces referrals and referral bonuses. If you refer a user and they pay $100 to purchase $HUH tokens, you will receive $30 extra each. This bonus is used on the HUH exchange platform to buy more $HUH tokens.
