What is HollaEx Token (XHT)? XHT is a cryptocurrency used for various purposes on the exchange network called HollaEx Network. In this article, as Kriptokoin.com, we have answered the questions that investors wonder, such as what is HollaEx Network, what is HollaEx Token, what is XHT for and how to get it. Let’s examine together this crypto money that allows to provide Blockchain infrastructure for exchanges.
What is HollaEx Network?
HollaEx Network is a network of exchanges that provides infrastructure for trading digital assets globally. It is built on Ethereum and consists of many exchanges. Exchange members run the open source HollaEx Kit software. It thus gains the advantage of using a pool of liquidity that joins the network, matches trades, and is shared. The liquidity pool consists of nodes that route orders among each other. All members in the network have access to various crypto markets. They can also create their own markets and add them to the network.
What is HollaEx Token?
HollaEx Token is an Ethereum-based cryptocurrency that powers the HollaEx Network. Created with the ERC-20 smart contract, this token has a Proof-of-Stake consensus mechanism. So token holders can stake their XHT. They can also use it for various purposes in the smart exchange network. The token, which has a limited supply of 200 million units, changes hands at $0.17 at the time of writing. Users can hold their XHT tokens in any Ethereum-based wallet application.
What is XHT? What does it do?
The network has tokenomics using HollaEx Token and DeFi protocols using Ethereum Blockchain. This cryptocurrency is the core of digital asset trading on the network. HollaEx Token resides on every HollaEx exchange node. It is also used as a digital fuel to access key features in the software. Cryptocurrency allows for adding new coins and market activation on exchanges. It is also required to pay the fees incurred in trading transactions.
Users can also access liquidity within the network via XHT. It is also the collateral used to power the HollaEx Kit software and gain membership. The token has free price movement as well as supporting the exchange network. Meanwhile, XHT holders also have the advantage of staking their tokens. This means that users can lock their assets with a certain maturity. When the maturity expires, the user receives additional token rewards.
What is HollaEx Token? How to take XHT?
HollaEx Token is currently only traded on the STEX exchange. Interested investors must access and become a member of this exchange. After completing the sign-up process, users who verify their membership must deposit an asset into their wallet that is eligible for STEX trading pairs. Investors who fulfill these completely can buy XHT by placing a purchase order on the relevant parity.
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