Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: nickcoellozichittella on September 12, 2020, 11:33:52 PM
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About Honos Coin:
Honos Coin is a cryptocurrency that aims to bridge the gap between consumers and businesses. The purpose of the coin is to have both the economic model of a stable coin, and the range of a utility token. The coin has an economic model based on the bank of Canada crypto model, which provides a 40% discount to the economy. The purpose of Honos coin is to become the everyday use coin for consumer use.
Features:
The coin features, include: Dual Trust consensus, the ethereum smart contract made it possible for people to not have to worry about the issuance of goods, upon sending of payment. The dual trust mechanism. Goes a step above that by issuing a dual consensus is achieved by both the sending and receiving parties, this takes away the issue of trustless use meaning, sending of money to an unknown crypto wallet address. Before knowing if the payment will be received by the correct party. In addition to this, the coin features build in (loyalty and rewards), which can be created for business and consumer use cases, to benefit both parties involved. Third, Information sharing. With Honos coin, consumers can store pertinent information. For travel use cases. In case the passport is lost, wallet, they have somewhere to recoup pertinent information. With the protection of the blockchain, they won't have to worry about information falling into wrong hands.
Technical Info:
The coin is built on the Erc-20 platform. We felt that Erc-20 is the standard for cryptocurrencies. Building upon already trusted technology sources, like Erc-20. Since our coin for consumer use, we decided to use vyper for programing the coin. This is to improve the security, vyper last audit demonstrated that it is better for overall security. We also wanted to eliminate the double-spend problem. Our overall goal, with Honos coin. Is a coin with the stability of a stable coin, using the economic model of Canada and (PPP), purchasing power parity. We believe, that Honos coin. Has a unique, market value. And solves a problem, for business and consumers globally.
Visit us at honoscoin.io