How Does Hsuite Work?

Published on: 31.12.2022
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)

  1. Hold an NFT collection with the Auto-Staking feature implemented
  2. Associate the rewards Token ID
  3. 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.

VISIT HSUITE NETWORK HERE

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