HashNet BitEco (HNB) - Empowering global enterprises through a decentralized blockchain economy
What is HNB?
HNB is building a decentralized blockchain network where individuals and enterprises can exchange products and services with trust and security. The dual-token system of HNB and HGS, combined with the hybrid consensus algorithm of DPOS and Algorand provides the infrastructure for a stable and robust ecosystem.
The HNB token represents ownership of the HNB economic entity, while the HGS token is a stable payment medium.
Hybrid consensus algorithm
High security and high efficiency are achieved by combining DPOS and Algorand.
Instant transactions with no fees.
HGS token issuance fluctuates based on the scale and liquidity of the decentralized economy.
Enterprises can integrate their own sidechains to allow for issuance of new digital assets interchangeable with the HNB main chain.
Lightweight SDK access
Ultra-lightweight merchant SDK access, allowing merchants to turn their product into a DApp within one day.
Introduction Of HNB
The Most All-Encompassing Blockchain Ecosystem
HNB’s overall objective is to create a decentralized blockchain network tied in with an economic ecosystem. By utilizing a dual coin structure (‘HNB’ Asset coin and ‘HGS’ stable coin), users are able to both earn profits by trading the asset coin on the market whilst using the internally regulating stable coin to purchase goods and services on the HNB ecosystem
Key Issues HNB Resolves
- Transaction efficiency
Online reports indicate that popular cryptocurrency frameworks such as Bitcoin have a very long transaction confirmation time, taking on average over 10 minutes to complete a transaction and only 7 transactions/per second. Similarly, Ethereum is reported to only process 20 transactions/per second and Bitcoin. HNB will be alleviating this issue by having transactions instantaneously processed when a purchase is approved within the closed loop economy. This function is present in transactions made with either HGS or HNB tokens. By utilizing a closed loop economy, it eliminates the need for a third party (miner) to approve the transaction between a buyer and seller.
- High costs in ‘proof of work system’
The proof of work system utilized by Bitcoin validates any transactions made with Bitcoin and is added to the blockchain. However, as outlined in the previous point, takes an arduous amount of time, requiring large amounts of computational power. The subsequent cost is noticeable both economically and environmentally. However, we propose to solve this solution again using the deregulated economy we created. As transactions are instantaneous within the HNB economy, an infinitesimal amount of processing power is required so there is a substantially lesser impact on the environment. Additionally, there is no additional transaction fee associated with purchases made within the HNB economy, so transactions are not economically draining.
- Lack of regulation
A lack of a regulatory body within a decentralized blockchain can cause problems, such as increased illegal activity, breach of personal information, scamming and market manipulation. However, HNB will be countering the issue by introducing a system of DAO governance. Within this system, policies and decisions are made through participants within the ecosystem selected at random with the outcome attained being executed using smart contracts without any human intervention. Additionally, there are economic incentives and penalties built into the ecosystem that encourage activity within the community but also discourages any actions that may inflict negative impacts to oneself or other users.
The HNB Ecosystem
HNB is connecting the global economy with the decentralized digital economy.
Explore the possibilities of retail and trade in a trusted environment
Built-in Token Exchange
Safely exchange tokens within your wallet through our decentralized order books
Seamlessly build and integrate your own business with the decentralized digital economy
Multi-Chain Asset Wallet
Store your digitals assets in a highly secure mobile wallet
HNB Token Structure
HNB Foundation proposes to generate and issue 1 Billion
(109) HNB Tokens. The quantities of HNB Token are capped
at 1 billion and can be indefinitely split. Further information
about when and to whom HNB are proposed to be allocated
can be found below.
Allocation of HNB Token
The HNB Token allocation for HNB team and partners
will be subject to a long term (2 years) vesting period.
The Token release mechanism is 10% per month
after the 14th month of launching. These rules are programmed
into a Smart Contract and cannot be changed.
• Foundation is open governance of its resources together
with other ecosystem partners, support and advance
the technology related to HNB Blockchain networks
implementation and are responsible for all matters
related to ecosystem membership. Its goal is to
transfer the right to the DAO of HNB eventually. There
is no locking mechanism for foundation.
• HNBs reserved for the Eco-system are held for end
users, to jumpstart the use of HNB platform applications
and to encourage participation in the ecosystem
such as attracting commercial tenants and their customers
from various industries. There is no locking
mechanism for Eco-system.
• The portion of Funding is 30% of total HNB issuances.
The fund is raised from Pre-Angel investors, cornerstone
investors and private placement. This part builds
strong endorsement for the company and enhances great
confidence in the market. 50% of HNB Token held by
these group of Investors will be subject to 6 months
• Reservation portion is to be held in reserve for further
release by the Foundation (in next 40 years). It is an
engine for a self-developing community governed by
HNB DAO (Decentralized Autonomous Organization).
The Proceeds raised from HNB Token insurance are in form
For further information and updates regarding the Fundraising
and Proceeds raised, prospective participants are invited
to send a request.