Hatom (HTM) Cryptocurrency Market Data and Information

What is Hatom (HTM)?

Hatom (HTM) is the governance and utility token that powers the Hatom Ecosystem, a comprehensive decentralized finance (DeFi) platform built on the MultiversX blockchain (formerly known as Elrond). The Hatom Ecosystem is designed to foster DeFi innovation by offering a suite of interconnected products, including a lending and borrowing protocol, liquid staking solutions, a native stablecoin, and Lending as a Service (LaaS), among other ventures. Hatom aims to provide users with secure, transparent, and user-friendly access to a wide range of DeFi services while prioritizing scalability and security within the MultiversX environment. The HTM token itself is built using the MultiversX Standard Digital Token protocol. With a capped supply of 100 million tokens, HTM is strategically released over a five-year vesting period to ensure stability and promote sustainable growth within the ecosystem. Unlike many DeFi projects that rely heavily on liquidity mining schemes, Hatom emphasizes self-sustainability by deriving incentives directly from the revenue generated by its various protocols. This approach aims to create a more robust and long-lasting economic model for the platform.

How Does Hatom (HTM) Work?

The Hatom Ecosystem functions as a cohesive suite of DeFi protocols, each designed to complement and enhance the others. At its core is a lending and borrowing protocol that allows users to collateralize their digital assets and access on-chain loans through an intuitive interface. This provides a mechanism for users to access liquid capital without having to sell their existing positions. The protocol supports multiple digital assets and prioritizes security and convenience through a self-service application. A key innovation within the Hatom ecosystem is its Liquid Staking module. This module allows users to stake their EGLD (the native token of MultiversX) and receive sEGLD tokens in return. The sEGLD tokens are pegged to the value of EGLD and accrue value over time reflecting the staking rewards earned. Crucially, sEGLD tokens can be redeemed for EGLD at any time, without the standard unbonding (locking) period associated with traditional staking. This provides users with immediate liquidity for their staked assets, increasing capital efficiency and attracting more participants to the MultiversX Proof-of-Stake (PoS) network. The Hatom Ecosystem is governed by HTM token holders. The governance model empowers the community to participate in key decisions related to the platform, including upgrades, feature integrations, token listings, and protocol enhancements. This decentralized approach ensures that the Hatom Ecosystem remains aligned with the interests of its users and stakeholders over the long term. Revenue generated by the Hatom Ecosystem is distributed, in part, to HTM token stakers in the Booster Module, further incentivizing participation and long-term engagement.

Hatom (HTM) Key Features and Technology

Hatom distinguishes itself through several key features and technological innovations designed to enhance the DeFi experience on MultiversX. The **Lending and Borrowing Protocol** offers a secure and efficient way for users to access liquid capital without selling their positions. Its intuitive interface simplifies the process of collateralizing assets and obtaining loans. The protocol’s support for multiple digital assets makes it versatile and accessible to a broad range of users within the MultiversX ecosystem. The **Liquid Staking** module unlocks liquidity for staked EGLD by issuing sEGLD tokens. This allows users to earn staking rewards while retaining the ability to access and utilize their capital. The sEGLD tokens can be used in other DeFi applications within the Hatom ecosystem or on the broader MultiversX network, maximizing capital efficiency. The **Booster Module** is a key element of Hatom’s incentive structure. It rewards HTM token stakers with a share of the revenue generated by the protocol’s products. This creates a direct link between the value of the HTM token and the overall performance of the Hatom Ecosystem, fostering sustainable growth and preventing short-term speculation. Hatom utilizes smart contracts on the MultiversX blockchain to ensure the security and transparency of its protocols. These smart contracts are designed to be resistant to manipulation and ensure that all transactions are executed according to predefined rules. The emphasis on security is paramount within the Hatom Ecosystem, as the platform aims to provide users with a safe and reliable environment for participating in DeFi.

What is Hatom (HTM) Used For?

The HTM token plays a multifaceted role within the Hatom Ecosystem, serving as both a governance mechanism and a utility token. Its primary functions include: **Governance:** HTM token holders have the power to participate in the governance of the Hatom Ecosystem by voting on proposals related to various aspects of the platform, such as upgrades, new feature integrations, listing new tokens, and making enhancements to the protocol. This democratic process ensures that the platform evolves in a way that aligns with the needs and preferences of its community. **Revenue Distribution:** Users who stake their HTM tokens in the Booster Module are eligible to receive a share of the revenue generated by the Hatom Ecosystem’s products. This incentivizes users to hold and stake their HTM tokens, further supporting the long-term health and stability of the platform. **Incentives:** Staking HTM tokens unlocks additional incentives on collateral within the lending and borrowing protocol. This encourages participation in the platform and promotes long-term engagement. **Liquidity Support:** A portion of the HTM token supply is allocated to providing liquidity on both decentralized and centralized exchanges. This ensures that there is sufficient liquidity for HTM trading, making it easier for users to buy and sell the token. **Ecosystem Growth:** HTM tokens are also used to support the growth and development of the Hatom Ecosystem through partnerships, grants, and user incentives. This helps to attract new users and developers to the platform, fostering innovation and expansion. In essence, the HTM token is integral to the functioning and governance of the Hatom Ecosystem, creating a vibrant and self-sustaining DeFi platform.

How Do You Buy Hatom (HTM)?

Purchasing Hatom (HTM) typically involves using a cryptocurrency exchange that lists the token. The process generally includes creating an account on the exchange, completing any necessary KYC (Know Your Customer) verification procedures, and then trading another cryptocurrency, such as EGLD or USDT, for HTM. Here’s a more detailed breakdown of the process: 1. **Choose an Exchange:** Research and select a cryptocurrency exchange that lists HTM. Ensure the exchange is reputable and has adequate security measures in place. Some potential exchanges where HTM might be available include those that support MultiversX ecosystem tokens. 2. **Create an Account:** Visit the exchange’s website and create an account. You’ll likely need to provide an email address and create a strong password. 3. **Complete KYC Verification:** Most regulated exchanges require users to complete KYC verification to comply with anti-money laundering (AML) regulations. This typically involves providing personal information, such as your name, address, and date of birth, as well as uploading a copy of your government-issued ID. 4. **Deposit Funds:** Once your account is verified, you’ll need to deposit funds to trade for HTM. The most common method is to deposit another cryptocurrency, such as EGLD, USDT, or BTC. You can typically transfer cryptocurrency from an external wallet to your exchange wallet. 5. **Trade for HTM:** Once you have funds in your exchange wallet, you can navigate to the trading section and find the HTM trading pair (e.g., HTM/EGLD or HTM/USDT). Place an order to buy HTM using the cryptocurrency you deposited. You can choose between a market order (which executes immediately at the current market price) or a limit order (which executes only when the price reaches a specific level). Always double-check the details of your order before confirming it. 6. **Withdraw HTM:** After your order is filled, you can withdraw your HTM tokens to a secure personal wallet that you control. This is recommended to safeguard your holdings from potential exchange hacks or other security risks. Keep in mind that the specific exchanges that list HTM may change over time, so it’s always best to check the latest information on cryptocurrency market data websites or directly on the Hatom website or community channels.

How Do You Store Hatom (HTM)?

Storing Hatom (HTM) securely requires choosing a compatible cryptocurrency wallet that supports the MultiversX Standard Digital Token protocol. There are several types of wallets available, each offering different levels of security and convenience. Here’s an overview of the common types of wallets and some specific examples: **Hardware Wallets:** These are physical devices that store your private keys offline, providing the highest level of security against hacking and malware. Examples include Ledger Nano S/X and Trezor Model T. To store HTM on a hardware wallet, you’ll need to ensure it supports the MultiversX blockchain or has compatible integrations through third-party software. **Software Wallets:** These are applications that you can install on your computer or smartphone. They are more convenient than hardware wallets but less secure, as your private keys are stored on a device connected to the internet. Some software wallets that may support HTM include the official MultiversX wallet or other wallets that support custom tokens on the MultiversX blockchain. Be sure to download software wallets from trusted sources to avoid malware. **Web Wallets:** These are online wallets that you can access through a web browser. They are the most convenient but also the least secure, as your private keys are stored on a third-party server. Use these with caution. Always enable two-factor authentication (2FA) for added security. Look for web wallets that explicitly support MultiversX tokens or allow for custom token integration. **Exchange Wallets:** Storing HTM on a cryptocurrency exchange is generally not recommended for long-term storage, as you do not control the private keys. However, it can be convenient for short-term trading or if you plan to actively use your HTM tokens on the exchange. If you choose to store HTM on an exchange, be sure to select a reputable exchange with strong security measures and enable 2FA. No matter which type of wallet you choose, it’s essential to keep your private keys and recovery phrases safe and offline. Never share them with anyone, and always back up your wallet in case of device failure or loss.

Future Outlook and Analysis for Hatom (HTM)

The future outlook for Hatom (HTM) is closely tied to the growth and adoption of the MultiversX blockchain and the success of the Hatom Ecosystem’s suite of DeFi products. As MultiversX continues to develop and attract more users and developers, the demand for DeFi services within its ecosystem is likely to increase, potentially benefiting Hatom and the HTM token. The key to Hatom’s long-term success will depend on its ability to execute its vision of providing secure, transparent, and user-friendly DeFi solutions. The success of its lending and borrowing protocol, liquid staking module, and native stablecoin will be crucial in driving adoption and generating revenue for the ecosystem. The HTM token’s governance model, which empowers the community to participate in key decisions, could be a significant advantage. A decentralized and engaged community can help to ensure that the Hatom Ecosystem remains adaptable and responsive to the evolving needs of its users. The Hatom Ecosystem’s emphasis on self-sustainability, by deriving incentives from protocol revenue rather than relying solely on liquidity mining, is also a positive factor. This approach has the potential to create a more robust and long-lasting economic model for the platform. However, the DeFi landscape is highly competitive, and Hatom will face challenges from other projects building on MultiversX and other blockchains. To stand out, Hatom will need to continue to innovate and provide unique value to its users. Potential risks include regulatory uncertainty surrounding DeFi, security vulnerabilities in smart contracts, and fluctuations in the broader cryptocurrency market. However, if Hatom can successfully navigate these challenges and execute its vision, it has the potential to become a leading DeFi platform on MultiversX, and the HTM token could see significant growth in value and utility.

References

• CoinGecko
• CoinDesk
• Hatom Official Website