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HARD Protocol, built on Kava, is a decentralized money market that facilitates the lending and borrowing of cross-chain assets. It supports supply-side deposits for BTC, XRP, BNB, BUSD, and USDX. The platform aims to allow over-collateralized borrowing for supported assets.
What is HARD Protocol (HARD)?
HARD Protocol is an inter-chain money market for digital assets aiming to provide the ability to lend, borrow, and earn with a wide variety of assets including BTC, XRP, BNB, BUSD, KAVA, USDX, and others. Built on the interoperable Kava blockchain, it offers cross-chain bridges, Chainlink oracles, security from the Tendermint consensus mechanism, and serves as a foundation for DeFi applications and services.
Additionally, the HARD token is used for platform governance voting, as a reward for lenders and borrowers, and for KAVA token holders on the platform. HARD token is the native governance token of the platform with the following current and planned use cases:
- Liquidity mining rewards: HARD tokens are paid to users who deposit or borrow supported assets.
- Governance voting: HARD token holders can participate in platform governance voting and earn HARD rewards.
All HARD tokens distributed as rewards are locked in a smart contract. Users claiming HARD tokens with longer vesting programs receive more tokens. Exact options for token usage are subject to governance voting.
Additionally, the primary role of HARD token is to give its holders a voting right on the platform. Collectively, HARD holders are responsible for managing fundamental parameters of the protocol such as which assets are offered, how rewards are distributed among assets, and setting any platform fees.
At the time of writing, HARD Protocol Coin, trading at $1.63, is also trading at 0.00003270 BTC in the HARD BTC trading pair. According to CoinMarketCap, HARD Protocol Coin ranks 313th with a trading volume of 82,858,038 USD and a 24-hour trading volume of 23,707,081 USD is noteworthy.
In addition, HARD Coin, which peaked at $2.67 on February 19, 2021, also saw its lowest level at $0.3810 on November 14, 2020. Currently, there are 51,041,667 HARD Coins in circulation, and this number is expected to reach a maximum of 200,000,000 HARD Coins.
Where to Buy HARD Coin?
HARD Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by trading volume.
To purchase HARD Coin, one must first become a member of Binance and then send fiat currency. After sending a fiat currency like Turkish Lira or US Dollars, one can buy BUSD, Binance Coin (BNB), Tether (USDT), or Bitcoin (BTC) and then perform a buying transaction in the HARD trading pair.
Additionally, on Binance, users can place buy orders not only at market value but also at a lower value. For this, use the Limit tab and enter the amount and price you want to buy.
