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HI

HI

4.6

Price
$0.0519
9/28/2022, 9:59:17 PM
diamondHands

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Market

Market stats

Market cap

$26.2M

Volume (24h)

$1.1M

Circulating supply

503.7M HI

All time high

$1.58

Price change (1h)

+0.65%

Price change (24h)

+2.04%

Price change (7d)

+14.34%

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HI is on the rise this week.

The price of HI has risen by 14.34% in the past 7 days. The price increased by 2.04% in the last 24 hours. In just the past hour, the price grew by 0.65%. The current price is $0.051941 per HI. HI is 96.71% below the all time high of $1.58.

The current circulating supply is 503,699,436 HI.

About

What Is Hi Dollar (HI)?

Hi Dollar is a financial services platform built on Ethereum and Binance Smart Chain, allowing users to send, save, earn, and exchange all supported cryptocurrencies. Hi Dollar purportedly aims to normalize blockchain technology and allow the community take control of its resources. Hi Dollar claims to value security with a strong compliance mindset in all aspects and is diligently working toward mitigating risk by employing cybersecurity measures from time to time.

HI is the native utility token of the platform and is an integral part and supports fast and secure transactions throughout each phase. The platform's primary goal is to maximize HI's long-term value for the holders. The Hi token contract has been audited and verified by Certik Audits.

According to the whitepaper, there are primarily three strategic phases to understand the functionality of the platform:  

Hi Super App: The project has a user-friendly, functional crypto and regular currencies app coupled with a gamified referral program. The app has an invitation-only sign-up mechanism. Everybody who signs up is entitled to a daily reward in the native token for engaging on the platform. Moreover, members can earn additional reward tokens by referring the app to other people to join. Users can download the app, as it is available for iOS and Android users.  

The app provides many services both in crypto and regular currencies like global currency remittances, crypto banking, crypto trading, equity and securities trading, peer-to-peer payments, etc. For this, the Hi team has partnered with various licensed institutions to provide comprehensive services in regular currencies to its users. Besides, the app also offers users flexible earnings in yield for holding and staking cryptocurrencies. The app supports a wide range of tokens. Additionally, users also get discounted trading fees and a couple of other benefits depending upon the number of locked-up HI tokens each user has. 

The beta version was launched in May 2021. Services like Hi Visa Debit Card and payment gateway for merchants are still in progress. 

Hi has already established an enormous user base in the global blockchain space, with a community of more than 3 million people using the app as members, out of which 600 thousand are KYC customers. These users come from over 187 territories across the globe. However, all services are not available in all markets. 

Decentralized Hi: To give the users powerful decentralized finance (DeFi) experiences, Hi is pioneering a hybrid application. DeHi Super App is mainly a multichain, non-custodial wallet that enables members to switch between multiple blockchains using a single crypto wallet to buy, sell, store, or swap any crypto assets from the supported protocols. The platform seeks to develop integrations with leading decentralized exchanges (DEXs) to offer seamless services to its users. Users can use the same application to store their NFTs

The company also intends to launch Hi Protocol (hiP), a scalable, EVM-compatible layer2 sidechain on Ethereum. 

Hi DAO and Metaverse: The Hi team also has plans to launch a metaverse platform for its community to socialize in the future. Also, as the community matures, Hi intends to transition to a decentralized autonomous organization (DAO) with all governance rights transferred to the token holders. DAO is a mechanism where rules are encoded in a computer program, automatically manage the organization's decision-making, and are not influenced by any central authority. 

History of Hi Dollar (HI) 

Hi Dollar was launched in January 2021. The team comprises people from the leading crypto, tech, and financial services firms. Stefan Rust, the former CEO of Bitcoin.com, and Sean Rach, the former chief marketing officer of Crypto.com, are the company's founders. 

How Are New HI Tokens Created? 

HI tokens are currently issued on both Ethereum and Binance Smart Chain blockchains. Every time HI tokens are claimed as rewards or purchased for a lock-up period through the Hi app, the tokens are minted in “Launch Incentives & Distribution” using a proof-of-stake (PoS) consensus mechanism. However, for each token minted, an additional 2.67 HI also gets minted and allocated for various functions on the platform. 

The process of minting stops at any point in time when the total supply of tokens hits the maximum supply of HI. 

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FAQ

What is the current price of HI?

The price of 1 HI currently costs $0.0519.

What is the market cap of HI?

The current market cap of HI is $26.17M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of HI?

The all-time high of HI is $1.58. This all-time high is highest price paid for HI since it was launched.

What is the 24 hour trading volume of HI?

Over the last 24 hours, the trading volume of HI is $1.12M.

What other assets are similar to HI?

Assets that have a similar market cap to HI include IRISnet, Wing Finance, EverRise, and many others. To see a full list, see our comparable market cap assets.

How many HI are there?

The current circulating supply of HI is 504 million.

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