Disclaimer: This report is based on information available as of February 20, 2024, and may not reflect the latest developments. It is not intended to be financial advice and you should conduct your own research before making any investment decisions.
Project Introduction and Solutions:
Hacash (HAC) is a cryptocurrency aiming to create a more efficient and affordable alternative to traditional payment methods. It utilizes a Proof-of-Stake (PoS) consensus mechanism and claims to offer faster transaction speeds and lower fees. Additionally, Hacash emphasizes its commitment to Austrian Monetary Economics Theory, focusing on controlled supply and long-term stability.
Project Release Date & Token Release Date:
The Hacash mainnet launched in June 2018, with the HAC token available shortly after.
Market Capitalization:
Approximately $5.07 million USD (as of February 20, 2024)
Current Price:
$7.54 USD (as of February 20, 2024)
Exchanges:
HAC is currently listed on a limited number of exchanges, including Livecoinwatch, Coinpaprika, and BeinCrypto Arabic. Finding information about trading volume and liquidity on these exchanges can be challenging.
Competitors:
- Bitcoin (BTC): Market Cap – $751.21 billion
- Ethereum (ETH): Market Cap – $212.08 billion
- Litecoin (LTC): Market Cap – $11.05 billion
- Dash (DASH): Market Cap – $766.91 million
- Monero (XMR): Market Cap – $4.99 billion
Use Cases:
- Payments: Hacash aims to be used for everyday payments, offering faster and cheaper transactions compared to traditional methods.
- Store of Value: With its limited supply and focus on monetary stability, Hacash proponents believe it can act as a long-term store of value.
- Decentralized Finance (DeFi): Limited information is available regarding specific DeFi applications built on Hacash.
Technology:
Hacash utilizes a custom PoS mechanism called “Proof-of-Stake Authority” (PoSA). However, technical details about this mechanism are limited on the official website and other publicly available resources.
Smart Contracts and Audits:
Information about smart contracts and audits associated with Hacash is not readily available on the project’s website or through further research.
Investors and Partners:
No recent news reports (within the last 90 days) about specific investors or partners are found.
Amount of Money Raised:
Hacash reportedly raised funds through a private placement in 2018. The exact amount raised remains unclear.
Token Distribution:
Details about the initial token distribution and current allocation percentages are not readily available.
Token Economics and Use Cases:
The specific tokenomics of Hacash, including details like vesting schedules and use cases, are not clearly explained on the project’s website or other publicly available resources.
Roadmap:
A defined roadmap for future development is not found on the Hacash website or through further research.
Team Members:
Information about the Hacash team, including individual members’ names and descriptions, is not readily available online.
References:
- Hacash Website: [invalid URL removed]
- CoinMarketCap: [invalid URL removed]
- Livecoinwatch: https://www.livecoinwatch.com/price/Hacash-_HAC
- BeinCrypto Arabic: https://ar.beincrypto.com/price/hacash/
Additional Notes:
- Due to limited information readily available online, further research into Hacash requires extensive digging and potentially reaching out to the project team directly.
- The lack of publicly available information about technical details, tokenomics, and team members raises concerns regarding transparency and the overall legitimacy of the project.
- Investors should exercise caution and conduct thorough due diligence before considering investing in Hacash.
