HABN is a validator network for customers wanting to use or create their “own” permissioned-blockchain. A useful analogy here is that of a shared server containing multiple applications (for e.g., like the one offered by Bluehost); it is the blockchain solution of the client but the validation service on the network is provided by HABN.
HABN unique blockchain network makes it attractive for businesses to join the VASS model.
The HABN blockchain infrastructure is highly flexible and can cater for the minting of NFTs, issuance of multiple tokens, and has the relevant APIs for a multitude of integrations and use cases.
HABN has 15 validators that earn HABX, the native currency of HABN that is only used as an accounting currency by HABN. It is not traded anywhere.
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).
The HSC is a pro-rata share of their HABX burnt to that of all HABX burnt by all other validators at that time. 100 HSCs are provided for each 500,000 blocks and distributed to each validator according to their pro-rata share.
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.