Description

Honos Coin, a loyalty and rewards coin. Providing the stability of a stable coin, and the utility of usage of a utility token. HONOS COIN aims to impr

Honos Coin, a loyalty and rewards coin. Providing the stability of a stable coin, and the utility of usage of a utility token. HONOS COIN aims to improve upon the way consumers and merchants do business, with the use of blockchain technology, HONOS coin will remove the middle man from transactions. Employ a dual trust mechanism, for safety for both parties.

Ethereum is known for smart contracts, Honos will improve upon the initial, smart contracts with “safety contracts”.

 Honos coin Aims to solve the problem between merchant payments (Pos), and microtransactions. Which is a $3.29 Trillion dollar industry. Business can build their own rewards programs, and consumers get rewarded.

This reduces marketing costs and improves usage or purchases of products and services. In addition to hardware and applicable use cases such as POS (merchant processing), Online remittances, and microprocessing, for Example: on sites like ebates, honey,  Fiverr, etc. 

The coin operates on using prof-of-Work (PoW), and True bit protocol to reduce energy usage, and reducing latency, thus improving coin purchasing power parity (PPP), by being pegged to copper. Our stable coin, will provide utility for millions of merchants and billions of consumers. HONOS COIN, the economic model, is based on the bank of Canada crypto currency model. Its usage as a Micro-transaction coin will help businesses to interact with consumers and transact on a Dual trust basis.

This allows businesses to operate more freely in the market, and consumers benefit from the savings, loyalty, and convenience it creates, this removes a lot of the limitations. Which current business, have and banks create. When conducting business online or in person, the microtransactions offered with Honos coin, lower the cost of transactions and creates a unique (peer to business) value exchange. Honos coins to address the market needs for constant use in transactions, without the need to worry about coin heavy fluctuation. By providing consumers with rewards, and businesses with loyalty-building solutions, a utility coin with economic models of a stable coin.