Hi @AhmedHatom and thank you for being here with us

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Hi @AhmedHatom and thank you for being here with us

Can you please explain what are the utilities of the HTM Token and what can I use it for? What role does it play in the Hatom Ecosystem?

#blockchain #cryptocurrency #elrond #english

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13.07.2023

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Ahmed | Hatom Protocol · Accepted Answer

The $HTM token will have Governance power initially. Once we will have a stable market for $HTM, once it will be listed on multiple exchanges, and it will be liquid enough we can integrate it into the lending protocol. When you take a look at Ethereum you can notice that Aave Lido and Makerdao are the DeFi protocols generating the most revenue. Hatom is encompassing all those DeFi Pillars and even more. once we will have multiple modules deployed and we will be generating enough revenue, we will deploy the Staking & Safety Modules, and we can introduce the Buy Back Module, where instead of using the revenue to incentivize the money markets directly, we will first buy $HTM tokens using that revenue and then distribute the $HTM tokens as incentives in the lending protocol. The $HTM token will have a strong governance power as it will govern most of the crucial DeFi components of the MultiversX blockchain, the first lending protocol, the first liquid staking solution, and the first native stablecoin of the blockchain. To Recap: * The $HTM token will govern the whole Hatom Ecosystem. * It will be used in the lending protocol to earn interest and as collateral to take out loans * It will be used in the Staking Module to earn a share of the protocol revenue * It will be used in the Safety Module to earn safety incentives * It will have a buy-back module

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