What Is Hydro (HYDRO)?
Hydro, also known as Hydrogen, is a blockchain-based cryptocurrency that offers simplified embedded financial services to any company. The term “hydro” is an ancient Greek term that means water, a light and the most productive element on the earth. Hence, with the same idea, this platform was created to be an essential, light, and financial building block where businesses can create their financial life. The network aims to allow companies to set up and embed financial elements without writing a single line of code. The asset also aims to let its users launch new programs, earn new revenues, and join the embedded finance revolution within minutes.
The team of Hydro observed that financial services have traditionally been expensive, complex, and time-consuming and are only accessible through large institutions. Therefore, they introduced the Hydro network. It aims to change and transform financial services by making them more affordable, transparent, modular, and light to help both small and large firms with their financial products and tools. The asset helps to make Fintech easy by offering virtual and physical debit cards. In addition, Hydro is aiming to release its physical and virtual credit cards to the market soon.
HYDRO is the native token of the Hydrogen platform. The Hydro project uses this digital token for all of the dApps and protocols. Project Hydro is a multichain, decentralized ecosystem that aims to use top-notch cryptographic technology to offer users secure accounts, identities, and transactions. The HYDRO token supports the ERC-20 and Binance Smart Chain networks.
On March 1, 2021, the Hydro platform upgraded its digital coin to a multichain token. Project Hydro aims to expand its protocols and HYDRO token compatibility on more blockchains in 2022, such as Moonriver, Polygon, and CoinEx Smart Chain. CoinEx Smart Chain (CSC) is a blockchain developed on the proof-of-stake (PoS) mechanism. Moonriver is an Ethereum-based blockchain environment that helps crypto projects expand their reach with a multichain approach. All of the HYDRO tokens consumed by smart contracts aim to evaporate, decreasing its supply over time.
History of Hydro (HYDRO)
Mike Ross Kane (CEO) and Matthew Kane (head of product) cofounded the Hydro platform. As elected by its community, the currency has a total supply of 111,111,111 HYDRO coins.
