Hawala.Today: A P2P Crypto-Fiat Exchange

Written by cryptoresearch | Published 2018/02/02
Tech Story Tags: blockchain | cryptocurrency | investing | ico | ethereum

TLDRvia the TL;DR App

Hawala.Today is a P2P crypto-fiat currency exchange platform that allows for immediate, secure exchanges, anywhere in the world with an Internet connection.

Cryptocurrencies have become so mainstream that even those without prior knowledge in trading or any interest in finance are now successfully investing their hard-earned money into digital assets, and many are doing extremely well.

Nowadays the term Bitcoin is as well known to the public as the Dow Jones, Nasdaq and FSTE, and this meteoric rise in these digital assets such as the aforementioned Bitcoin (BTC), Litecoin (LTC), and Ether (ETH) directly reflect the potential and confidence many investors have in the cryptocurrency movement.

With an increasing number of cryptocurrencies entering the market, Hawala.Today’s exchange platform hopes to compete by offering a management tool for digital assets in one singular, seamless application.

DYOR Information About Hawala.Today

CoinMarketCap URL : https://coinmarketcap.com/currencies/hawala-today/

Webpage: https://www.hawala.today/

Coin Name : Hawala.Today (HAT)

Total Supply : — 7,000,000 HAT

Circulating Supply : — 74,372 HAT

Market Cap : — $823,613 USD (71 BTC)

Ico Price : — 1 HAT = 11.07 USD

White Paper : — https://www.hawala.today/HAT_Whitepaper.pdf

Token Type : ERC20 Token

How Does Hawala.Today Work

The Hawala.Today app provides an intuitive interface with which traders can interact, trade in both fiat and cryptocurrencies and share the profits/rewards between each other.

Through the user-friendly interface and features, Hawala.Today aims to make it as easy as possible to purchase cryptocurrency with standard fiat money.

The driving force behind cryptocurrencies, the blockchain, is so versatile it has found many real world applications. Uses such as data storage and transmission of genomic data is just one of the additional fields it has been applied it, and there’s many more in the works.

With blockchain being applied to several different breakthrough fields of research, as well as numerous everyday applications, the future of the technology looks promising. And since more and more cryptocurrencies are flooding the market, the demand for an app that can manage all digital asset transactions becomes ever more necessary.

The Hawala.Today exchange platform is essentially a gateway between fiat currency and cryptocurrency, designed to tackle several issues hindering the technology’s shift to mass adoption, such as lengthy processing times, limited assets management and accessibility, together with high costs.

The globally accessible Hawala.Today app allows users to exchange fiat currency with ease. The P2P network will give users free access to the market where they can completely control their assets. All major tokens are accepted including BTC/LTC/ETH and other ERC20 tokens.

The Hawala.Today Application

With the beta version of the app launched in January 2018, the company will now target the mass market with a worldwide campaign to introduce a series of courses and guides to help users better understand the app and its features.

Once the platform becomes widely adopted the company plans to roll out its Asses Management Services (AMS) starting Q4 2018 — Q1 2019, a platform designed to allow users to request the help of asset managers.

The app features both the exchange platform and a wallet. P2P means no fees, although since it’s built on the Ethereum blockchain there is a small fee for gas. The initial supply of tokens will be limited to HAT with more tokens being added come Q2. If a token is not yet on the platform then users can nominate it to be included. If it gains enough support it will enter the Hawala exchange. Transactions made with non-HAT tokens will incur a small processing fee.

The app is available for all major platforms, and enables users with no previous knowledge about cryptocurrency to adopt the techniques required to trade, invest or exchange digital assets.

The exchange displays real-time data where users can create contacts, interact, and track currencies. In Discover Mode the app assists with finding trades near the users current location. Built on the IFS model users are incentivized to hold and stake their HAT tokens, and new ones are minted in the process as rewards.

The Hawala Wallet manages all personal assets, be it tokens or fiat currency. The wallet can be linked with a local bank account or credit cards; alternatively, users can also ‘top up’ their wallets with a cash card purchased from a local store or super market, in a similar fashion as adding credit to a pre-paid mobile phone.

Scalable API’s enable everyone from entrepreneurs and angel investors to small businesses and large corporations to develop their own crypto services. And whether the aim is to conduct secure Internet purchases or day trading stocks, the platform is there to not just assist, but ultimately it hopes to encourage people to experience mass financial freedom and gain literacy in the crypto space.

The concept of a P2P exchange, powered by blockchain, simple enough for the average user to invest, trade, store, spend and even be rewarded for your efforts, is yet another fine example of why such technology is taking over the finance industry online, and should Hawala.Today succeed in launching its digital asset management platform according to the timeline set, then the team should have a very exciting, practical product on their hands.

Social Media Information :

Facebook

URL : — https://www.facebook.com/hawalatoday

Likes : 394 likes and 422 followers

How Many Posts / Updates In The Last 7 Days : posts

Twitter

URL : https://twitter.com/hawalatoday

Followers :4839 followers

How Many Tweets / Retweets In The Last 7 Days : 24 posts

Telegram

URL : — https://t.me/hawala_chat

Users : 5 848 members

Slack

URL : — https://hawalatoday.slack.com/join/shared_invite/enQtMjY2MTg0MzE0NjQ2LTFjOGRmZmQ4NGZiZWEyNDgwMTNjYTU5OTc3ZWMxMzY4Yjg2YmNhZTllNTIzZDFiYzRhZWM1NGRkZDQxMmJlNGI

Reddit

URL : — https://www.reddit.com/r/HawalaToday/

Readers :724 readers

Medium

URL : — https://medium.com/@HawalaToday

GitHub

URL : — https://github.com/etherdelta/etherdelta.github.io/blob/master/tokenGuides/HAT.ejs


Published by HackerNoon on 2018/02/02