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Самсон-

What is the mechanism for spending the token? Burns

out after use? Why do companies need an expensive token? Who knows?

#cryptocurrency #english #hbar
0

5 ответов

16 просмотров
dilly.hh-

The HBAR token is used to pay network fees as well as adding consensus weight to the nodes they are staked to. When you “spend” a token to pay for network fees, the token is paid to a handful of network participants, principally being the nodes and the Hedera Treasury.

0
26.12.2021
Самсон- Автор вопроса
dilly.hh
The HBAR token is used to pay network fees as well...

Then they sell this coin again?))

0
27.12.2021
nexus-
dilly.hh
The HBAR token is used to pay network fees as well...

So we can use our hbar tokens to be a node now? Actually what can we exactly do with our tokens now? I understand staking is q1 2022

0
27.12.2021
dilly.hh-

Only governing council members can run nodes at the present time. The next step will be having trusted (KYC compliant) 3rd party nodes, and then finally anonymous nodes. I suspect most large holders of the token now have the intention of staking their tokens to their own node in the future in order to earn node fees. So even though there’s not much to do with any tokens you own right now, we are still somewhat in the process of a “land grab” for tokens as they become available on exchanges. The more tokens you can acquire now, the more fees you can earn in the future from a node you run.

0
27.12.2021
nexus-
dilly.hh
Only governing council members can run nodes at th...

I see, will any form of burning tokens be applied? The total supply is quite a huge amount, secondly are there hints on what the apy will be like? Or what to expect

0
27.12.2021

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