Hashgard is a public blockchain designed to facilitate for users a secure decentralized asset management protocol for next-generation DeFi infrastructure. The platform aims to be the infrastructure for the digital asset market by building up an open, highly scalable, secure, and reliable DeFi ecosystem. Users can trade, stake, and manage assets across the nodes on the platform.
According to the whitepaper, the network aims to provide a one-stop blockchain solution and crypto-financial asset management system for individuals and institutions. For this, the team intends to offer users the following features:
The Hashgard network has two types of tokens—system-level tokens and application-level tokens. GARD is the system-level token. An application-level token is one that is independently created by developers and used for making payments on dApps and meant to perform in tandem.
GARD is used for blockchain operations like system rights, public networks, computing resources, and storage resources such as transfers, enterprise token issuance, and applications building. GARD also serves as a medium of value transfer and voting rights for the entire Hashgard ecosystem. GARD holders can use GARD for staking, participating in governance, paying fees for applications, contributing to the ecosystem, and receiving rewards for becoming an active validator.