The Hash Algorithmic Technologies (HAT) ecosystem is designed to cater to the needs of the average person. It's vision is to bring the benefits of crypto to the global audience using a simple, intuitive and reliable application. Based on the Ethereum blockchain, it aims to offer support for all ERC-20 tokens and major cryptocurrencies like BTC, ETH, LTC.
In order to provide users easy access to purchasing crypto, the HAT.CashCards will act like prepaid cards allowing users to simply load fiat money into their HAT.Wallet, which can then be used to purchase HAT tokens. Despite being an exchange, HAT does not hold user assets. All information is stored on user's device and encrypted for security.
HAT.CashCards let users purchase prepaid codes locally or online with the payment options available to them. Once the value is redeemed, it can be spent on purchasing either HAT tokens or BTC, LTC and ETH. Cash Cards are the cornerstone of true mass adoption, enabling users in territories with less advanced financial systems to buy into crypto with incredible ease.
The HAT.Exchange Incentive for Stake (IFS) model is designed specifically to maintain a continuous rewards program which begins with an Annualised Rewards Rate (ARR) of 15% per year. Users holding HAT tokens can use the app (both mobile and desktop) to stake their tokens on the Ethereum blockchain. The staked tokens can be withdrawn at any given time. It's that simple!
Users on the HAT.Exchange ecosystem are required to submit to AML and KYC processing, ensuring that the network is secure for everyone. The project aims to be fully compliant with the laws of all the territories it operates in.
HAT.Exchange and its components offer a secure application for the users. All private user information is encrypted and stored on the user's device and transmitted when necessary, to be propagated by the Ethereum network. As such, users are responsible for the security of their devices.
Privacy is a priority concern for most users. Therefore, HAT.Exchange stores KYC information offline as hardcopy files. This information remains secure from any potential hack attempts.
The HAT.Wallet functions as an independent application, allowing users to stake their HAT tokens on the Ethereum network. The process is instant and incurs a small gas fee (charged in ETH). Staking is a crucial part of the IFS rewards system where users can earn HAT tokens, as rewards, at a fixed ARR every year.
The IFS model will continue to drop rewards to 'stakers' until the 7 million hard cap is reached. Once the total supply is achieved, users can continue to stake their tokens and receive rewards from the pool of tokens gathered through transaction fees. The IFS model is designed to offer rewards for an indefinite period of time.
Interactions on the blockchain, such as adding and withdrawing stake or claiming rewards, incur small fees in ETH as gas.
Users are able to either generate an ERC-20 wallet or import an existing one into the app. Importing a wallet is a simple process and the only requirement is that it be ERC-20 compliant.
NOTE: Users are entirely responsible for securing the private keys to any ERC-20 wallet. Should you create one within the application or import, be sure to save your private key somewhere secure, to avoid losing any assets. Remember, HAT.Exchange does not store your private info!
Staking with HAT tokens is extremely convenient. Simply select the amount of HAT tokens to stake and set the gas price for the transcation. You're done! Users can stake through all platforms and do not need to keep their apps running. It is important to note, however, that users will only be able to claim rewards once the first 3 days (72 hours) of staking have passed.
Withdrawing HAT tokens from stake removes your staked amount back to the associated wallet. This does not include any rewards gained. As such, be sure to claim any pending rewards before you withdraw. Once withdrawn, the tokens can either be staked again, traded or transferred.