Multichain network refers to an interconnected network that deals with different chains, it allows other native assets to transact, swap or bridge. As these assets can be traded directly on the chain so that all nodes validate such transactions in the same way they would validate the chain’s native currency
Project Hydro upgraded their ERC-20 token to Multi-chain token on March 01, first quarter of 2021, as Project Hydro team decided to become a multi chain platform. After Ethereum, Binance Smart Chain was the 2nd network where Hydro Protocols were deployed. Project Hydro aims to deploy their protocols on more blockchains in 2022 like Polygon, CoinEx Smart Chain & Moonriver.
Project Hydro is web3, multi-chain decentralized ecosystem which uses cutting-edge cryptographic technology to secure user identities, accounts, and transactions. Hydro aims to decentralize financial services by bringing public blockchain technology to traditional private systems. It also allows developers around the world to boost their platforms and applications with this innovative technology.
As web 3.0 is our coming future and semantic web has already been used, where data is arranged and kept in such a way that computers can easily decipher at a faster pace.
HydroSwap is not your typical decentralized exchange that the DeFi space comes across regularly. It has evolved to involve much more than that. It runs on the Binance Smart Chain to offer high scalability and better transactional experience by users. With this platform, users can seamlessly exchange their tokens/coins for other tokens/coins. They can also become liquidity providers for lucrative rewards. The use cases of HydroSwap continue to increase as newer versions are released into the market.
To ensure that everyone, not minding their level of knowledge in the blockchain technology can enjoy the features that HydroSwap offers, the user interface was designed to improve user experience. It is easy to swap tokens without paying a hand and a leg to do that. With HydroSwap, users can easily trade their tokens, stake them and earn. For those that want to create liquidity pools, it is feasible.
Aegir (Ægir) Wallet is our Multi Coin wallet that supports for Bitcoin, Ethereum, Binance Smart Chain, ERC-20, BEP-20, ERC-721 & ERC1155.
Aegir does not require any subscription nor it collects any personal information, and uses hydro protocols to provide transfers all over the world through progressive security. The user is further encouraged to strengthen security with Hydro ID, Biometric Security and local encryption of keys.
KeresVerse is an open world game containing for example a first person shooter game that will put players into two teams to compete against each other. The objective of that FPS game will be to eliminate the rest of the enemy team’s players in order to achieve victory and take home the prize in the form of blockchain assets in the Play to Earn model.
Apart from that there will be multiple other areas of the KeresVerse such as a Casino, Marketplace, Lounge and more.
Creating a robust ecosystem with supply & demand dynamics and market forces. As the ecosystem grows, HYDRO tokens will be integral in:
(1) Using dApps
(2) Incentivising participation
(3) Validating users
For instance, the only way to gain initial access to Keres Assets in the KeresVerse will be to stake your Hydro. The evaporation Function natively used in all Hydro smart contracts Consumes a small amount of Hydro which continuously decreases the supply.
No, Hydro started as an airdrop in Github, all users needed to comply with the tasks to be eligible for airdrop.
Project Hydro never had any crowdfunding, Initial Coin Offering nor it received any private investment.
As for now Project Hydro released couple of products;
- Aegir (Ægir) Wallet (multi-coin/token wallet)
- Hydro Swap (Decentralize exchange with Automated Market Making)
- Hydro-Bridge (an Escrow system to swap Hydro tokens between supported blockchains)
- Snowflake Store (A dAPP store where developers can deploy their decentralised applications)
- Voting dApp
- Donation dApp
Staking will be enabled when Hydro Swap V2 release along with IDO (Initial DEX Offering) and the utility of the upcoming Droplet, APR can be anything between 7% to 10% depending on the number of stakers on the platform.
First of all you will need a wallet that supports Binance Smart Chain (BSC) network, like Trust Wallet or Metamask wallet. Once you have that, you can add Hydro by searching for Hydro token or by adding it manually.
Token Decimal field
Here are the list of Integration partners:
- The Universal Settlement Coin
And here are the list of developer partners:
- Ethernity Live