Hatom PriceHTM

What is Hatom (HTM)?

Hatom (HTM) is the native token of a pioneering, non-custodial liquidity protocol built on the MultiversX Network, formerly known as Elrond. Positioned as "The First Liquidity Protocol on MultiversX," Hatom serves as a bridge between various lending protocols, enabling users to access cross-chain liquidity for diverse DeFi strategies. The protocol launched in 2023 and has built a complete ecosystem dedicated to fostering DeFi on MultiversX, including a lending and borrowing protocol, liquid staking, a native stablecoin, and lending as a service.

The HTM token was developed using the MultiversX Standard Digital Token protocol (ESDT) and lies at the core of the Hatom Ecosystem. With a maximum supply of 100,000,000 HTM, the token powers a fully decentralised algorithmic lending and borrowing protocol that operates on a peer-to-pool basis. Hatom emphasises scalability, security, and user-friendly access to DeFi services within the MultiversX blockchain, and it became the first token to join the DeFi fund on MultiversX, marking a significant milestone in the blockchain's ecosystem.

Key Specifications & Tokenomics

• Name: Hatom
• Ticker / Symbol: HTM
• Blockchain / Network: MultiversX (formerly Elrond)
• Contract Address: HTM-f51d55
• Token Standard: MultiversX Standard Digital Token protocol (ESDT)
• Category / Tags: DeFi, MultiversX Ecosystem
• Type: Token
• Mineable: No
• Launch Year: 2023
• Max Supply: 100,000,000 HTM
• Total Supply: 100,000,000 HTM
• Initial Circulating Supply: 12.55M HTM
• Initial Market Cap: $5.02M
• Private Price: $0.3
• Total Raised: $8.06M across 5 completed rounds
• Security Rating: CertiK rating of 4.3
• Official Website: https://www.hatom.com/
• Whitepaper / Documentation: https://docs.hatom.com/getting-started/learn-more-about-hatom-token/introduction
• Block Explorer: explorer.multiversx.com

Who created Hatom?

Hatom is developed by Hatom Labs, the team behind its creation. The official About page lists several key team members. Ahmed Serghini serves as Chief Executive Officer, while Franco Scucchiero holds the position of Chief Technology Officer. Ramiro Vignolo is the Head of Engineering, and Ariel Chang serves as VP of a department. Additional team members associated with Hatom Labs include Soufiane MB and Thomas JALICOT.

The project has received backing through multiple funding rounds. According to ICO Drops, Hatom raised a total of $8.06M across five completed rounds, including a Token Launch and an IDO. ICO Analytics reports that $2M was raised in July 2023. Rather Labs is referenced as the CTO-minded engineering partner for founders building in blockchain and AI, and lists Hatom in its portfolio.

How does Hatom work?

Hatom operates as a fully decentralised algorithmic lending and borrowing protocol deployed on the MultiversX Blockchain. It functions on a peer-to-pool basis, enabling collateralised on-chain loans through an intuitive interface. This allows users to access liquid capital without selling their positions, addressing the critical need for instruments that manage excess liquidity and liquidity demand in DeFi systems.

The protocol also features a Liquid Staking module that brings additional benefits on top of standard staking. Instead of staking the regular way, users can use smart contracts linked to Hatom's network of node operators to deposit funds and immediately receive sEGLD tokens proportional to the amount of EGLD staked. These sEGLD tokens are pegged to EGLD and are usable in DeFi scenarios, such as collateralising a loan. The sEGLD received accrues in value following staking rewards and can be redeemed for EGLD at any time without the standard unbonding period. This mechanism attracts more participants into the MultiversX PoS economy, leading to more value locked into it, and increased security and stability for the network.

What makes Hatom unique and valuable?

Hatom distinguishes itself as the first liquidity protocol on MultiversX, positioning it as a foundational piece of DeFi infrastructure within that ecosystem. Its non-custodial design ensures users retain control over their assets while accessing a comprehensive suite of DeFi products. The protocol's ability to serve as a bridge between various lending protocols and enable cross-chain liquidity for diverse DeFi strategies adds significant utility for users seeking capital efficiency.

The liquid staking module provides a unique advantage by allowing users to access liquidity for staked collateral without the traditional unbonding period. This innovation attracts more participants to the MultiversX PoS economy and enhances network security. Additionally, Hatom's status as the first token to join the DeFi fund on MultiversX underscores its pioneering role in the ecosystem. With a CertiK rating of 4.3, the protocol demonstrates a commitment to security and transparency, offering users secure and user-friendly access to DeFi services.

What is Hatom used for?

The HTM token lies at the core of the Hatom Ecosystem and is developed using the MultiversX Standard Digital Token protocol. It serves as the native token for a platform that offers a range of DeFi products designed to shape the landscape of decentralised finance on MultiversX. These products include a lending and borrowing protocol, liquid staking, a native stablecoin, and lending as a service.

Within the lending and borrowing protocol, users can access collateralised on-chain loans, manage excess liquidity, and meet liquidity demand without selling their positions. The liquid staking module allows users to deposit funds through smart contracts linked to Hatom's network of node operators and receive sEGLD tokens. These sEGLD tokens are pegged to EGLD, accrue value following staking rewards, and can be used in DeFi scenarios such as collateralising a loan. The token utility extends across the entire ecosystem, facilitating secure, transparent, and user-friendly access to DeFi services.

How Is the Hatom ecosystem developing?

Hatom has built a complete ecosystem dedicated to fostering DeFi on MultiversX, offering a range of products designed to shape the landscape. The ecosystem includes a lending and borrowing protocol, liquid staking, a native stablecoin, and lending as a service. This comprehensive suite of products positions Hatom as a central hub for DeFi activity on the MultiversX network.

The protocol's development is supported by Hatom Labs, with Rather Labs serving as a key engineering partner. In October 2022, Rather Labs published "Hatom Protocol: A DeFi Hub on Elrond," describing Hatom Protocol as a decentralised algorithmic lending and borrowing protocol built on the Elrond blockchain. The protocol launched in 2023 and became the first token to join the DeFi fund on MultiversX. The ecosystem is committed to providing users with secure, transparent, and user-friendly access to DeFi services while emphasising scalability and security within the MultiversX blockchain. The protocol's TVL stats are tracked on DefiLlama, and tokenomics and vesting schedules are monitored via Tokenomist.

How to mine Hatom?

Hatom is not a mineable cryptocurrency. The HTM token is not produced through traditional mining mechanisms such as proof-of-work. Instead, the protocol operates on the MultiversX Network, which utilises a proof-of-stake consensus mechanism. Users can participate in the ecosystem through staking and liquid staking activities rather than mining.

The Liquid Staking module developed by Hatom allows users to deposit funds through smart contracts linked to Hatom's network of node operators. In return, users immediately receive sEGLD tokens proportional to the amount of EGLD staked. These sEGLD tokens are pegged to EGLD and accrue in value following staking rewards. They can be redeemed for EGLD at any time without the standard unbonding period. This liquid staking mechanism provides an alternative to traditional staking, enabling users to access liquidity for their staked collateral while contributing to the security and stability of the MultiversX network.

How to keep your Hatom Coin safe?

Keeping your Hatom tokens safe requires adherence to general cryptocurrency security best practices. Since Hatom operates on the MultiversX Network and uses the ESDT token standard, users should store their HTM tokens in wallets that support MultiversX-based assets. Hardware wallets provide an extra layer of security by keeping private keys offline and protected from online threats.

Users should always verify contract addresses and official links before interacting with any platform. The official Hatom contract address on MultiversX is HTM-f51d55. Exercise caution when engaging with DeFi protocols, and only use official documentation and websites for guidance. The protocol has received a CertiK rating of 4.3, reflecting a certain level of security auditing, but users should remain aware that crypto markets are highly volatile. Investing in crypto-assets carries significant market risk, including extreme volatility and the potential loss of entire capital. Always independently assess your financial capacity and consult professional advisors before making any investment decisions.