The HOARD Token can be thought of as all of the following:
HOARD is not a fee-based token like other exchanges, it’s a cryptocurrency.
HOARD is best thought of as a cryptocurrency on Ethereum (like any ERC20 token) but with a built-in second layer network that lowers fees and makes transfers instant.
HOARD is bonded as a license to accelerate transactions via the Smaug network.
HOARD can be staked on an individual basis to accelerate peer-to-peer transactions and enable micro-transactions currently too expensive to create on-chain.
HOARD can be used to accelerate conversion of fiat-to-crypto when buying cryptocurrency and crypto-to-fiat when cashing out, or as a daily settlement mechanism for merchants.
HOARD enables holders to atomically transact meaning spend using (X) or (X + Y) currency while the recipient receives (Z) currency, instantly.
HOARD is intrinsically beneficial to holders of any currency; thus the need to build out our own exchange and multi-currency wallet. HOARD enables consumers within decentralized economies to invest, hold and use any currency they deem fit, circumventing any physical or digital borders.
HOARD holders are incentivized to “hoard” our currency so they may transact freely with any other currency.
The more HOARD one has, coupled with it’s value, the greater the ability to transact instantly.
The HOARD token augments the “velocity of money” within the cryptocurrency ecosystem whereby HOARD is leveraged as a store of value to boost usability of any supported tokens on the open market and guarantee the on-chain settlement of Smaug network transactions.