How Does Hsuite Work?
How Does Hsuite Work? Hsuite is the new powerful and agile DeFi Tool to enhance the Hedera Network. Its core team is building ground-breaking DeFi applications utilizing the innovative Smart-Node Technology.
HSuite is the most advanced technology smart-contract-less running on Hedera, the most used enterprise-grade public network for you to make your digital world exactly as it should be – yours.
HBAR is the native, energy-efficient cryptocurrency of Hedera that powers the decentralized economy.
Whether you’re a startup or enterprise, a creator or consumer, Hedera goes beyond blockchain for developers to create the next era of fast, fair, and secure applications.
What Makes Hsuite so Powerful?
- Eco-Friendly DeFi/DEX
- Hybrid Staking
- HbarSuite Launchpad
- Smart-Nodes Technology
NFT Staking As A Service
HbarSuite has released a unique feature that allows users to Auto-Stake rewards by simply holding an NFT in their wallet. Any NFT Project Creator who wishes to introduce Auto-Staking to their project can use its feature on a Staking-As-A-Service basis.
How to stake (for NFT holders)
- Hold an NFT collection with the Auto-Staking feature implemented
- Associate the rewards Token ID
- Enjoy your weekly rewards
How it works (for creators)
- The Creator secures an HSUITE NFT STAKING spot.
- Next, Creator provides a fungible token for rewards
- HbarSuite whitelists the NFT IDs provided by the Creator.
- Smart-Nodes will distribute Staking rewards on a weekly basis.
- For securing a Creator Spot, users are free to visit this link.
HbarSuite is a suite of DeFi services built on top of the Hedera Network. The team has developed a technology that could potentially replace smart contracts in the near future, the Smart-Nodes. In a few words, Smart-Nodes are highly customizable programs, deployed inside virtual images which can be hosted and decentralized through cloud computing environments.
Their purpose is to create a decentralized network of services that could leverage the Hedera Layer-1 functionalities, which are much more efficient and cost-effective compared to Ethereum-based environments.
