What Is Honey Coin?
Honey Coin is a project that wants to create the first tax-free exchange platform plus an e-wallet with zero fees for withdrawals is local currencies. The entire platform will be powered by the blockchain.
The Honey Coin blockchain will be a secure system for the secure exchange of digital assets. The ecosystem is designed to offer security, efficiency, stability, and productivity. Everything in this ecosystem is built around the Honey Coin token. The coin is a unique digital coin, which combines the best features of centralized and decentralized crypto. In the process, it manages to eliminate the weaknesses of both types. The Honey Coin server is an exchangeable store of value; its value is supported by various innovations.
How Honey Coin Blockchain Crypto Exchange Market Works
In the current world of crypto, there are numerous weaknesses. One of them is the proof of work model utilized by Bitcoin. It has proved quite inefficient in recent years. Besides that, decentralization has led to some serious issues with management. All the pre-distributed or proof of stake coins have major issues with validity.
The Honey Coin crypto offers an interesting alternative. It will operate as a private blockchain that uses permissions to achieve better efficiency, security, and scaling. Because of this, all users will be authenticated in accordance with KYC rules. It will ensure an excellent digital value system that is ready for rapid implementation.
Honey Coin Features
One of the features of this project is distributed proof of value. It means that anyone who receives Honey Coin crypto will submit into the system this value in a form that is recognizable. There will also be a fixed supply of Honey Coin tokens. In total, there will only be 21 million tokens.
This coin will operate within a huge ecosystem that will include e-wallet, a stock market, a payment solution, and an authentication system. It will also feature a marketing system that will support the development of a community of people with similar interests.
One of the intentions that developers had is utilizing the Honey Coin infrastructure to create an effective network of trust. It will enable all participants to be part of a growing value network, aiding its growth. To achieve these goals, specific tasks will be assigned to chain managers in order to grow the efficiency of the network.
Besides that, they will ensure that every role of each participant is clearly defined. There will also be incentives offered to ensure that people are motivated not to abuse the network. If someone abuses the rules, they will be kicked out and punished. Honey Coin also plans to update rules according to changing conditions within and outside the network. In the end, there will be a set of rules, which will be enforced via the blockchain.
Honey Coin HONY Token ICO Details
- Start: Jun 01, 2018
- Number of coins for sale: 1,000,000 HONEY
- End: JUN 31, 2018
- Coin Price: 1 ETH = 2876 HONEY, 1 BTC = 35,590 HONEY
- Accepted currencies: ETH, BTC, LTC, XMR, USD, EUR and others
- Minimal transaction amount: 0.01 ETH, 0.001 BTC, 0.1 LTC