Hathor (HTR) is a cryptocurrency native to the Hathor Network, a blockchain platform designed for scalability, ease of use, and accessibility. It combines blockchain and Directed Acyclic Graph (DAG) technology to facilitate fast and efficient transactions with minimal fees. HTR is used for network operations, governance, and as a digital currency, making it a versatile and user-friendly option for various crypto applications.
Hathor (HTR) is the native cryptocurrency of the Hathor Network, a blockchain platform designed for scalability, ease of use, and innovative infrastructure. HTR serves multiple purposes within the ecosystem:
- Transactions: HTR is used for transacting between network participants, facilitating seamless and cost-free transactions.
- Network Governance: HTR is involved in network governance, allowing holders to participate in decision-making processes.
- Staking: HTR can be used for staking, which helps secure the network and rewards participants.
- Custom Tokens: HTR enables the creation of custom tokens, which can be used for various purposes such as fundraising and loyalty schemes.
- Mining: HTR is mined using a Proof-of-Work (PoW) system, similar to Bitcoin, but with its own unique tweaks. This allows for merged mining with Bitcoin and Litecoin, making it more energy-efficient.
Overall, HTR is essential to the Hathor Network's ecosystem, providing a versatile and accessible cryptocurrency for various use cases.
To store Hathor (HTR) tokens, you can use a Ledger hardware wallet. Here are the steps to follow:
Update Your Ledger Firmware:
- Ensure your Ledger S firmware is at least 2.0.0 or your Nano X is at least 1.3.0. Update if necessary.
Install the Hathor App:
- Connect your Ledger to Ledger Live and search for Hathor in the App Catalogue. Click on Install.
Update Your Hathor Desktop Wallet:
- Ensure your Hathor Desktop Wallet is at least version 0.20.1. Download the latest version from the Hathor website if needed.
Reset Your Wallet:
- Reset your current wallet by clicking on "Reset all Data" after backing up your seed phrase. This will erase your private keys but not your funds.
Create a New Seed Phrase:
- Generate a new seed phrase, which will create a new wallet with new private keys and addresses. Transfer your funds from your old wallet to this new one.
Store Your Tokens:
- Once set up, you can store your HTR tokens securely on your Ledger hardware wallet. This provides an extra layer of protection against hacking attacks.
Additionally, you can store custom tokens and NFTs on your Ledger as well. This feature allows for efficient and reliable exchange of tokens simultaneously on the same transactions.
To buy Hathor (HTR) tokens, follow these steps:
Create an Account: Sign up for an account on a reputable cryptocurrency exchange such as Gate.io, AscendEX, or Kucoin. This will serve as your portal for purchasing and managing your HTR tokens.
Choose a Funding Method: Select a suitable payment method to fund your account. Common options include credit/debit cards, bank deposits, P2P trading, and third-party payment channels. Ensure the exchange supports your chosen method.
Buy HTR: Navigate to the Buy & Sell section, select HTR as the cryptocurrency you want to buy, and specify the amount you wish to purchase. You can trade HTR against USDT or other supported pairs.
- Transfer to Wallet (Optional): After purchasing, you can either hold your HTR in your exchange account or transfer it to a personal cryptocurrency wallet like Metamask for additional security and flexibility.
For more detailed instructions and specific exchange requirements, refer to the guides provided by Gate.io, AscendEX, or other exchanges you choose to use.
