Hatom

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Discover Hatom's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Hatom?

Hatom (HTM) is a cryptocurrency launched in 2023 on the MultiversX platform. It operates as a decentralized lending and borrowing protocol, offering a comprehensive ecosystem for DeFi services. Key features include liquid staking, a native stablecoin, and lending as a service, all designed to enhance scalability and security within the MultiversX blockchain.

How is Hatom used?

Hatom (HTM) is a cryptocurrency that plays a central role in the Hatom Ecosystem, which focuses on fostering decentralized finance (DeFi) on the MultiversX blockchain. The HTM token is used in several key ways:

  1. Governance: HTM token holders have the power to vote on protocol changes and shape the future of the ecosystem through on-chain governance mechanisms. This allows the community to actively participate in decision-making processes, ensuring that the ecosystem evolves according to their needs and preferences.

  2. Lending and Borrowing: The Hatom Lending Protocol allows users to lend and borrow assets, including HTM, in a decentralized manner. This protocol facilitates collateralized loans, enabling users to access liquid capital without selling their positions.

  3. Liquid Staking: Hatom's Liquid Staking module enables users to stake their EGLD (MultiversX's native token) without locking up its value. Users receive sEGLD tokens, which can be used in various DeFi applications, including lending protocols and NFT marketplaces.

  1. Staking and Revenue Distribution: HTM token holders can stake their tokens to earn a share of the revenue generated by the ecosystem from various sources, such as the Lending Protocol and Liquid Staking.

  2. Safety Module: HTM token holders can deposit their tokens in the Safety Module to enhance the protocol's security and receive incentives in the form of HTM tokens.

  3. Lending Application: HTM will be integrated into the Lending Application, allowing users to supply and borrow HTM, creating a dynamic lending market around the token.

In summary, the HTM token is the lifeblood of the Hatom Ecosystem, facilitating governance, lending, staking, and revenue distribution, while also enhancing security and creating a dynamic lending market.

How do I store Hatom?

To store Hatom (HTM) tokens securely, it is recommended to use cryptocurrency wallets. There are two types of wallets: software wallets (hot wallets) and hardware wallets (cold wallets). Software wallets are connected to the internet and are less secure, while hardware wallets are offline and more secure. Ledger is a highly secure crypto hardware wallet for storing cryptocurrencies. Each hardware wallet comes with a seed phrase, which acts as a key to unlock the wallet. It is recommended to store the seed phrase in a physical form, such as metal seed phrase storage solutions, to protect it from loss or destruction.

How to buy Hatom?

To buy Hatom (HTM) tokens, follow these steps:

  1. Choose a Centralized Exchange:

    • Select a reliable and trustworthy crypto exchange that supports Hatom (HTM) purchases, such as KuCoin, Binance, or MEXC.
    • Consider the ease of use, fee structure, and supported payment methods when choosing an exchange.
  2. Create an Account:

    • Enter the required information and set a secure password.
    • Enable 2FA using Google Authenticator and other security settings to add an extra layer of security to your account.
  3. Verify Your Identity:

  • Complete KYC verification, which may require information based on your nationality and region. This step is necessary for accessing more features and services on the platform.
  1. Add a Payment Method:

    • Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment method.
  2. Buy Hatom (HTM):

    • Use fiat currency if supported, or first purchase a popular cryptocurrency like USDT and then exchange it for Hatom (HTM).

Alternatively, you can also buy Hatom (HTM) via a crypto wallet if it supports direct fiat-to-HTM purchases. If not, you can first buy a popular cryptocurrency and then exchange it for Hatom (HTM) through your crypto wallet or on a decentralized exchange.

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History of Hatom

Hatom (HTM) is a cryptocurrency that was launched in 2023 and operates on the MultiversX platform. The token is essential for the governance of the Hatom ecosystem, which is built on the MultiversX Standard Digital Token framework.

Initial Offerings and Funding

Hatom underwent several funding rounds, including an IDO (Initial DEX Offering) and an IEO (Initial Exchange Offering). The IDO took place from July 17 to July 19, 2023, raising $2 million at a price of $0.400 per token. The IEO occurred on July 18 and 19, 2023, raising $100,000 at the same price. Additionally, there were private and angel funding rounds, with the private round raising $4 million at $0.300 per token and the angel round raising $2 million at $0.267 per token. These early funding rounds provided significant returns on investment, with the all-time high ROI (Return on Investment) reaching 13.3 times the initial investment.

Market Performance

Since its launch, Hatom has been actively traded on various markets. As of recent data, the token's price has fluctuated, with a 24-hour trading volume of $632.03 USD and a market capitalization of $21.50 million. The circulating supply of Hatom is 22.57 million tokens, out of a total supply of 100 million.

Current Status

Hatom is currently ranked 1020 among all known cryptocurrency assets, indicating its relative popularity based on market capitalization. The token is actively traded on multiple markets, with a total traded volume of $181,128.80 over a 24-hour period.

Overall, Hatom has established itself as a notable cryptocurrency project, with a strong start through its funding rounds and ongoing market activity.

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How Hatom works

Hatom (HTM) is a cryptocurrency token that operates natively on the MultiversX blockchain. It is designed to be the driving force behind the Hatom Ecosystem, which encompasses various DeFi (Decentralized Finance) protocols and products. The HTM token plays a central role in the governance of the ecosystem, allowing holders to participate in decision-making processes and shape the future of the platform.

Governance and Decision-Making

HTM token holders have the power to vote on key developments within the ecosystem, including the listing of new tokens, innovative features, and system upgrades. This democratic process empowers the community to steer the direction of the platform, ensuring that it remains at the forefront of DeFi innovation.

Revenue Distribution and Dividends

A portion of the revenue generated by the Hatom Ecosystem is channeled into the Booster feature, which allows HTM token holders to stake their tokens and earn a share of the revenue. This revenue is sourced from various protocols within the ecosystem, such as the Lending Protocol, Liquid Staking, and the stablecoin USH. Additionally, HTM token holders can earn dividends, making it a unique and attractive investment opportunity.

Security and Safety Module

HTM token holders can deposit their tokens into the Safety Module, which adds an extra layer of security to the protocol. In return, they are rewarded with incentives in the form of HTM tokens. This module helps to fortify the ecosystem and protect against potential deficiencies.

Lending and Borrowing

HTM tokens can be used as collateral for loans or deposited to earn interest. This creates a dynamic lending market around the token, providing users with additional ways to utilize their HTM holdings.

Tokenomics and Distribution

The tokenomics of HTM are designed to ensure the long-term sustainability and prosperity of the ecosystem. The distribution of tokens includes private and public sales, allocations to team members, key ecosystem members, and the community. A portion of the tokens is also set aside for unforeseen expenses and equity investors.

Unlock and Vesting Mechanisms

To incentivize long-term investments, an unlock mechanism and vesting period have been implemented. This aims to reflect the dedication and engagement of partners involved in the Hatom ecosystem, ensuring that the token's value is maintained over time.

Overall, the Hatom (HTM) token is a crucial element of the Hatom Ecosystem, providing a range of benefits and opportunities for its holders. Its governance capabilities, revenue distribution, and security features make it an attractive investment option for those interested in DeFi and blockchain technology.

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Hatom's strengths

The Hatom (HTM) token has several strengths that make it a significant player in the DeFi ecosystem:

  1. Governance: The HTM token is the driving force behind the Hatom Ecosystem, allowing holders to participate in governance decisions, vote on new token listings, and influence future improvements and features.

  2. Community Engagement: The token empowers the community to steer key developments within the ecosystem, fostering a genuinely community-driven environment.

  3. Revenue Distribution: A portion of the revenue generated by the Hatom Ecosystem is distributed to HTM token holders, providing them with a share of the profits generated by the ecosystem's various protocols.

  1. Security: The Safety Module allows HTM holders to stake their tokens, adding a layer of security to the protocol and earning high APY in the process.

  2. Liquidity: The token is integrated into the Lending Protocol, enabling users to supply and borrow HTM, creating a dynamic lending market around the token.

  3. Staking and Dividends: HTM holders can stake their tokens and earn a share of the revenue generated by the ecosystem, making it a lucrative investment opportunity.

  1. Deflationary Mechanism: The Hatom Token Burn Module ensures that the token supply remains controlled, increasing its value over time.

  2. Tokenomics: The token's supply is capped at 100 million, and its vesting schedule is designed to incentivize long-term investments, ensuring the project's long-term sustainability.

These strengths position the Hatom token as a key player in the DeFi space, offering a unique combination of governance, revenue distribution, and security features that benefit its holders.

Hatom's risks

Hatom (HTM) is a cryptocurrency that operates within the MultiversX network. It is a liquidity protocol that offers various financial services, including lending and borrowing, liquid staking, and a native stablecoin called USH. The Hatom ecosystem is designed to foster liquidity and reduce reliance on short-term incentives or liquidity mining schemes.

Risk Parameters

Hatom's risk parameters are crucial in managing market risks. These parameters are unique for each asset and define collateralization and liquidation rules. They include the loan-to-value (LTV) ratio, liquidation threshold, and liquidation penalty. The LTV determines the maximum amount that can be borrowed with a particular collateral, while the liquidation threshold and penalty ensure that loans remain collateralized and that borrowers are incentivized to maintain sufficient collateral.

Risk Analysis

Hatom receives a high risk rating from InvestorsObserver analysis, which assesses the potential for price manipulation based on trading volume and market capitalization. This scoring system indicates that Hatom is more susceptible to price manipulation due to limited trading activity.

Smart Contract Risk

Hatom's smart contract risk is rated B-, indicating a moderate risk level. This rating is based on the number of transactions and the age of the smart contract, which launched on July 14, 2022, with nearly 800,000 transactions.

Counterparty Risk

Hatom's counterparty risk is rated B, indicating a moderate risk level. This rating reflects the token's role as the governance token of the Hatom Protocol, which is a 100% community-driven lending protocol with over 68,000 holders.

Market Risk

Hatom's market risk is rated B, indicating a moderate risk level. The token's price has shown low volatility in recent months but is still susceptible to market fluctuations.

Overall Risk

Hatom's overall risk profile is considered high due to its susceptibility to price manipulation, moderate smart contract and counterparty risks, and the potential for market volatility. Investors should carefully consider these risks before investing in Hatom (HTM).

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Did Hatom raise funds?

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Hatom’s team

  • Ahmed Serghini: Co-CEO and COO of Hatom, a visionary cryptopreneur with extensive experience in cryptocurrency and blockchain technology. He is an early adopter of the Elrond blockchain and has a proven track record of early investments in promising business ventures in the cryptocurrency space.
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