hi: A Next-Gen Crypto Exchange and Mobile Banking Platform

When Satoshi Nakamoto created Bitcoin, he had one thing in mind – to revolutionize existing financial systems using a cheap and fast, trustless peer-to-peer electronic cash network that eliminates the need for intermediaries such as banks and other financial institutions.

It’s been more than a decade since the creation of the first known cryptocurrency, and the crypto industry has turned into a trillion-dollar market. The concept of decentralized finance (DeFI) has become widespread, which further removes third parties from the playground.

However, due to the technicalities involved in many blockchain projects, mainstream users still prefer to patronize the traditional financial service providers they are comfortable with.

This has led to the emergence of hybrid blockchain platforms that offer users access to the digital assets market as well as traditional financial services. One such platform is hi.

What is hi?

hi is a blockchain-based hybrid project that combines the functionality of a crypto exchange with a next-gen digital banking system to provide users with an all-in-one platform for investments, savings, payments, and lifestyle benefits.

The platform seeks to allow users to experience the best of blockchain innovation without having to worry about the complexities involved. Users can access the hi’s crypto exchange and mobile banking services for seamless transfer of assets to and from the blockchain.

hi currently has over 3.5 million members across more than 185 markets. The project was co-founded by Sean Rach, the former Chief Marketing Officer at popular cryptocurrency exchange CryptoCom alongside several other industry experts.

Core Features of hi

• Diversified Asset Selection

Users get access to a wide range of digital assets to choose from. It provides support for some of the top-performing coins such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), stablecoins, and many more. Traders can buy and sell these assets with minimal to zero fees.

• hi Earn Program

hi, users can earn rewards when they stake the platform’s native token, HI. Interested users simply have to convert their crypto savings to HI, stake it, and earn yield. Users can earn competitive rates on both ETH and USDT – 5.5% and 11% respectively.

Users can choose from two staking packages – Flexible Earn and Fixed Earn. The Flexible Earn package allows users to earn rewards for staking their HI tokens with the option to make withdrawals at any time. The Fixed Earn package, however, locks up users’ tokens over a period of time for a 40% annual percentage yield (APY).

• Membership Benefits

To become eligible for hi membership benefits, users must buy and stake HI tokens. The more HI users stake on the platform, the higher their membership level and the more benefits they will receive.

Members get access to hotel credits, free breakfasts, free room upgrades, low rates, concierge services, and more at some of the most luxurious destinations in the world. Membership benefits also help boost users’ earnings by up to 30%.

The HI Token

HI is the native cryptocurrency of the hi ecosystem. It powers every transaction carried out on the platform. The token has a total supply of 9,193,524,008 HI.

The cryptocurrency is used to offer users rewards, pay transaction fees, and it can be staked on the hi platform. HI also allows users to access the services on the platform and the membership benefits.

hi Partners

To offer users more membership benefits, hi has partnered with several five-star hotels around the world. The platform has also inked partnerships with MasterClass, an online learning platform, and Blinkist, the number-one bite-sized content subscription service app to understand powerful ideas through insights from the world’s best nonfiction books and podcasts.

The above seems to be just the beginning for hi. Their whitepaper presents an interesting development roadmap lined up with various innovations. These include fiat deposits and earnings, crypto spot trading, as well as a Visa-powered hi debit card.