Computational energy demands of the crypto & blockchain worlds are only expected to increase in the years ahead. Building a coin that harnesses this demand using cheap energy is set to bring potential rewards for miners and investors by lowering the costs to 4c/kWh (or less). Tokenizing real-world mining operations brings everyone to the mining table, no longer something for the ‘rich and famous’. $HNOcoin’s combination of Proof-of-Work (PoW) with a decentralized finance (DeFi) reward system, allows anyone to participate in the mining-backed rewards and benefits, without needing to purchase/rent and/or maintain the infrastructure, energy costs, etc.
Shifting cryptocurrency mining benefits from a select ‘few’, to virtually everyone, allows for a more stable network, better security, and more open operations. By integrating verified (audited) mining data directly into the blockchain, and a publicly accessible coin, the doors open for anyone to benefit from the massive growth coming for crypto as more ETF’s and public access expand exponentially.
While there are other companies out there (like BitDeer, EcoTerra, DMine), their focus is on in-house profits, centralization and/or single-chain solutions. $HNOcoin breaks the mold, opens the doors to full transparency and benefits for miners, traders and investors. This transparency is achieved through a combination of blockchain, IPFS, live dashboard and smart contract audit.
A DAO-managed treasury makes for a fair playing field, enabling the hybrid reward system to be fair and balanced. Blockchain and IPFS (Interplanetary File System – same system used for NFT image storage and more) combine to bring full transparency to $HNOcoin.
Some technical details from $HNOcoin’s whitepaper: Using renewable-powered energy generating facilities, with carbon intensity rating below 200g CO2/kWh, $HNOcoin brings a balance between the energy demands of the cryptocurrency world and the environmental conservation the world continues to pursue.
About $HNOcoin Tokenomics
The tokenomics include 60B total coin supply, broken down into 10B for the pre-sale, 5B for Launch Pad, 9B for teams & founders (12m cliff, 24m vesting), 18B for treasury & staking rewards, 7.2B for marketing/referral/community and a reserve/liquity pool(s) of 8.4B. A Token generation event (TGE) market cap of $15M and FDV of $60M complete the main particulars of $HNOcoin.
For more information, including the whitepaper, please visit $HNOcoin’s website: https://hnocoin.com
This press release was originally published on this site
