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HABN
You can participate on HABN as a customer requiring blockchain services or as a Validator by getting the xHABN Label on a Validator as a Service (VASS) model.
Who needs HABX?
Explore how HABX works
Proof of Authority
HABN Proof of Authority consensus model addresses enterprises’ common concerns of inefficient upgrade, transactions limits and waste of energy.
Computational Power
Under the PoA consensus model, no entity competes to validate blocks, preserving computation power.
Smart Contracts
HABN is controlled by smart contracts by taking into account the views of the stakeholders.
HABN Economic Model
HABN’s unique approach to its token economic model prevents HABX, HABN’s native token, to be subject to market speculation. HABN is a validator network for customers wanting to use or create their “own” permissioned-blockchain.
Customers perform blockchain transactions through API calls.
Blockchain transactions are all done through API calls. HABN offer packages in 3 tiers each having a set number of API calls customers can consume for a fixed price per month. The revenue are pooled for distribution after 500,000 blocks.
Earn HABX
Validators earn HABX, the native currency of HABN, for blocks processed and is only used as an accounting currency by HABN. It is not traded anywhere.
HABX is burned
For every 500,000 blocks mined, the validators can burn the HABX they’ve been rewarded with in return for an HABX Share Certificate (HSC for short).
Pool Distribution
The pool may be in any currency and the administrative personnel of HABN converts all other currencies into ADA, the Cardano Native Currency to pay the validators pursuant to their HSCs. Please click here for more details.