A coin like no other: Get to know XHT

If you are a crypto investor, you probably know that there are countless coins in the market these days, and that most of them can be a waste of time; trendcoins, vaporwave and speculative pools are always lurking.

These coins come with many disadvantages; They aren’t suitable for long-term holding, most of times original creators are the only ones making profits, and they don’t provide any real utility, making them purely speculative investments.

But, what differentiates a real and serious project from these money-wasting cryptocurrencies? The answer lies in backing and utility: Something to support a coin with real value, so that it’s not just a fancy name, but a real asset linked to a real cause.

And here is where I will introduce our star: Created in 2019 by HollaEx, a company established in 2016 dedicated to white-label, open-source exchanges’ creation software, XHT is a coin that works as the native currency for all platforms created using this kit.

This means that XHT is being used right now by more than 50 countries, distributed among 150+ exchanges, making it an active, useful and requested coin. This is what sets the difference between those speculative crypto assets, and XHT.

But let’s start from the beginning: What is HollaEx, and why was XHT created?

The idea was born in 2016 first as a Bitcoin adopters meeting app, which allowed them to find each other, trade, and share knowledge. This business would eventually become expensive as Bitcoin and its’ Blockchain became popular, making tips and fees on the app uneconomical.

Long story short, the app got a revamp in order to reinvent itself, and so HollaEx was born. This new project would be dedicated mainly to crypto infrastructure, specifically exchange technology and open source software, expanding on the original idea of sharing the benefits of bitcoin and crypto technology.

It was thanks to this that the HollaEx Kit was born: A white-label, open source, crypto exchange creation tool, that allows anyone, even with no coding experience, to create a totally professional crypto platform.

The kit was an important milestone; It became the defining product and brought attention back to what makes crypto something special; free trade, accessibility, and opportunity. All thanks to the open-source, white-label, easy-to-use approach and philosophy that no other crypto development tool had at the time.

Still, the HollaEx Kit was lacking something; it was a good stand alone piece of software, but didn’t include many DeFi features for use in conjunction.

And it was due to this necessity that XHT was born; A coin with the objective of being the fuel and main face for a new way of understanding the exchange business model. Now everyone had a chance to get involved in crypto, just by holding XHT.

Thanks to this, XHT has harvested a lot of success since its’ original launch in 2019. From a mercantile point of view, in the form of a steady growth in the market cap and price, and from a functional one, by powering new features and technologies within the HollaEx ecosystem, like exchange colleralization or markets creation.

XHT chart 04/20–11/21. Since it’s release, XHT has kept a steady and bullish trend, and with every update the price only increases. For more market info, you can check https://coinmarketcap.com/currencies/hollaex-token or visit the main XHT market at https://pro.hollaex.com/trade/xht-usdt

As explained before, XHT has many use cases inside the HollaEx’s ecosystem, since it’s the powerhouse of the kit.

For example, it can be used as payment for the cloud exchange hosting service, even giving you a 10% discount for choosing XHT over other crypto or fiat currencies. XHT can also be used to purchase new features/plugins inside the kit, like adding new coins or activating the user chat.

But XHT isn’t used only for the kit’s purposes, it also has a lot of innovations in the wider ecosystem. One of them is staking or collateralization, where exchange operators can lock up funds to obtain higher profits from network trading fees in their exchanges. The staked XHT also generates rewards in the form of newly minted XHT and fees from other exchanges in the ecosystem.

As you have witnessed, XHT is a one of a kind coin, with a bright future and a dedicated team adding functionalities and features constantly to assure its’ value.

If you are interested in learning more about HollaEx, you can go to their mainpage. Wanna get into the business and buy some XHT? Then go to the HollaEx’s exchange!

Finally, don’t forget to check out their Twitter, or get yourself behind the scenes by joining the Discord server.