Utility function
HAPI holders serve as DeFI industry security arbitrators shaping the direction and the speed of mass crypto adoption.
HAPI is the token minted on the Ethereum, Binance Smart Chain, Solana, Near and Polygon blockchains that empowers the HAPI protocol. The key utility function of $HAPI is to circularize between Data Providers and security Oracles.
The Data Provider determines the final price according to the demand for the off-chain resource and similar information supply.
Data submission fee for the right to submit any information connected with the hacker attack or suspicious wallet address.
Governance. Token holders stake HAPI to be able to participate in the project governance via electing Data Providers which involves staking $HAPI to support or reject voting proposals.
Oracle rewards for the review and audit work done on the submitted data. Any transaction made in the security oracle database for audit review requires HAPI that serves as a payment method to Oracles.
DeFi project audit status submission to a unified report center to prove that they passed a security check.
HAI token holders are also able to stake their tokens to receive HAPI tokens as a reward. The total supply of HAPI token increases over time following an inflation model (see below). This supply is accumulated and distributed among HAI token holders as long as they have their tokens staked. One can vote by staking with his or her HAPI tokens.
Last modified 2yr ago