What is Hard Protocol (HARD)? Here is Crypto Money HARD Coin in All Details

What is Hard Protocol (HARD)?

The HARD Protocol is a decentralized money market built on Kava that allows the lending and borrowing of cross-chain assets.

Initially, the HARD Protocol supports supply-side deposits for BTC, XRP, BNB, BUSD and USDX. In the future, the platform will allow over-secured borrowing for supported assets.

HARD Coin is the platform’s local government token and has the following current and planned use cases:

Liquidity mining rewards: HARD tokens are rewarded to users who deposit and / or borrow supported assets.

Governance vote: HARD token holders can participate in the platform governance vote and win HARD rewards.

All HARD tokens distributed as rewards are locked by a smart contract. Users who request HARD tokens with longer entitlement programs will receive more tokens. The exact options for token usage are subject to a management vote.

What is HARD Token?

The HARD Protocol is a cross-chain money market for digital assets that aims to provide the ability to lend, borrow and earn with a wide variety of assets, including BTC, XRP, BNB, BUSD, KAVA, USDX and others.

Cross-chain bridges are built on the interoperable Kava blockchain that provides Chainlink oracles, security from the Tendermint consensus mechanism and other infrastructures designed as a foundation for DeFi applications and services. It enables owners to have a say in the ongoing management and development of the platform. The HARD token is used for the platform governance voting, as a reward for lenders and borrowers, and for the KAVA token shareholders on the platform.

HARD Protocol Community Overview

HARD Protocol will initially focus on community building in Asia, North America and Europe. The project’s community development strategy will benefit from Kava’s validators, users, and trading communities. As new assets are gradually added to the platform, efforts will be made to increase user adoption in relevant communities. The current community growth strategies of the HARD Protocol include:

KAVA offers HARD staking rewards to token holders.

To initiate liquidity mining to attract deposits of supported assets.

Educating users on the use cases of the HARD Protocol regularly.

Communicating actively with the public through social channels.

HARD Protocol’s future community growth strategies include:

Extend the supported tokens to include other major blockchain assets.

Collaborating with major blockchain communities to support growth.

Building local communities with Ambassador Programs.

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