Item: HSUITE
Rating: 3.00

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WikiBit Risk Alerts

Previous Detection 2024-11-21

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

HSUITE Price Chart

Introduction

Markets

0.00%

+72.11%

+364.2%

All

+22.48%

HbarSuite, symbolized by HSUITE, is a cryptocurrency designed to power a suite of decentralized finance (DeFi) services built on the Hedera Hashgraph network . It's unique in that it utilizes Smart-Nodes, a technology that could potentially offer an alternative to traditional smart contracts, providing more efficient and cost-effective solutions .

The HSUITE token has a max supply of 50 billion, with allocations spread across various uses including development, marketing, and treasury . A significant update to the token's economy is the introduction of a deflationary model where spent tokens will be burned, reducing the supply and potentially increasing value over time .

HbarSuite is enhancing its platform with a new user interface and plans for a more decentralized application security model using a Multisig-of-Multisig (MoM) approach . The project also aims to foster community engagement through educational initiatives and transparent governance .