Hertz Network PriceHTZ

What is Hertz Network (HTZ)?

Hertz Network (HTZ) is a community-driven cryptocurrency project that began building its Telegram community in January 2021 and was listed on CoinMarketCap on July 10, 2021. The project positions itself as a super meme token while also operating a decentralized finance platform known as Hertz Swap, which allows users to exchange HTZ tokens with other tokens on BNB Smart Chain. According to its Etherscan description, Hertz Network is a feeless and DeFi blockchain protocol powered by EOSIO, enabling users to create custom tokens with ease, with HTZ coin serving as the native chain of the Hertz Network blockchain.

The token exists in two forms: a BEP-20 utility token on BNB Smart Chain and an ERC-20 token on Ethereum. The ERC-20 version can be swapped with native HTZ using the Hertz Network DeFi tool or through exchanges. A coin burn took place in July 2022, after which 63% of the maximum supply belonged to individual accounts and 10% was allocated to the development fund. A further 4.010 billion HTZ was burned in February 2023, bringing the maximum supply down to approximately 9.99 billion HTZ. The current circulating supply stands at approximately 5.24 billion HTZ, representing roughly 37.42% of the total supply. Hertz Network remains in an early-stage development phase with a modest market capitalization and a small but engaged community of holders.

Key Specifications & Tokenomics

• Name: Hertz Network
• Ticker / Symbol: HTZ
• CoinMarketCap ID (UCID): 10824
• Launch Date: 2021-01-08 (project launch); CMC listing: 2021-07-10
• Blockchain / Platform: BNB Smart Chain (BEP20); also exists as an ERC-20 token on Ethereum
• Token Standard: BEP-20 (native utility token); ERC-20 (Ethereum version)
• Consensus Mechanism: dPoS (Delegated Proof of Stake)
• Category: BNB Chain Ecosystem; Smart Contract Platforms
• Asset Type: Coin
• Mineable: No
• Premined: No
• BNB Smart Chain (BEP20) Contract Address: 0xb5bba78b4df2d47dd46078514a3e296ab3c344fe
• Ethereum (ERC-20) Contract Address: 0x0f7e1e6c9b67972a0ab31f47ab3e94b60be37d86
• ERC-20 Contract Name: HertzToken
• ERC-20 Max Total Supply: 9,986,176,754.2428 HTZ
• Total Supply: 14,000,000,000 HTZ (initial total supply)
• Max Supply: 9,986,176,754.2428 HTZ
• Circulating Supply: 5,238,410,649 HTZ (approximately 37.42% of total supply)
• CertiK Rating: 2.9 (out of 5, issued by CertiK)
• Official Website: https://www.hertz-network.com
• Whitepaper: https://www.hertz-network.com/htz-knowledge-center/the-hertz-advantages/

Who created Hertz Network?

Hertz Network is a community project, and its team members are volunteers drawn from the community itself. The project does not publicly identify individual founders or core team members by name. The Hertz Network team currently comprises 12 people with different professional backgrounds from various parts of the world. This decentralized, community-first structure aligns with the project's self-description as a network of faceless crypto enthusiasts and frens around the globe. Detailed public information about specific team identities is currently limited.

How does Hertz Network work?

Hertz Network operates on a Delegated Proof of Stake consensus mechanism and is described as a feeless and DeFi blockchain protocol powered by EOSIO. The HTZ coin serves as the native chain of the Hertz Network blockchain. Hertz Network's own chain uses Chain ID 26600, with RPC at https://26600.rpc.thirdweb.com and block explorer Hertz Scan (https://hertzscan.com). HTZ is the native token of that chain, while the BEP-20 and ERC-20 versions are representations on BNB Smart Chain and Ethereum respectively. The project's primary functional component is the Hertz Swap DeFi Platform, which enables users to exchange HTZ tokens with other tokens on Binance Smart Chain. Additionally, the protocol allows users to create custom tokens with ease.

The token exists on two chains: BNB Smart Chain as a BEP-20 token and Ethereum as an ERC-20 token. Cross-chain functionality is supported through the Hertz Network DeFi tool, which allows users to swap HTZ ERC-20 tokens with native HTZ. The ERC-20 contract (compiler v0.8.6+commit.11564f7e, GNU GPLv3) includes EIP-2612-style permit functionality, burn capability, and a UI Multiplier feature that scales displayed token amounts based on the active multiplier, per the UIMultiplierUpdated event. Trading pairs for HTZ are available on PancakeSwap v2, including HTZ/BNB and HTZ/USDT.

What makes Hertz Network unique and valuable?

Hertz Network distinguishes itself through its dual identity as both a super meme token and a functional DeFi protocol. The project combines community-driven engagement with practical blockchain utilities, including the Hertz Swap DeFi Platform and custom token creation capabilities. Its feeless protocol architecture, powered by EOSIO, aims to reduce transaction friction for users. According to the project, the network targets approximately 0.5 seconds to receive a transaction and 50 seconds to confirm, with zero transaction fees.

The project's cross-chain presence across BNB Smart Chain and Ethereum provides flexibility for holders, with the ability to swap between ERC-20 and native HTZ tokens. The significant token burns conducted in July 2022 and February 2023 demonstrate a commitment to supply reduction, bringing the maximum supply down to approximately 9.99 billion HTZ. After the July 2022 burn, 63% of the maximum supply belonged to individual accounts and 10% was allocated to the development fund. The project's community-focused approach, with volunteer team members from around the world, creates an accessible and inclusive ecosystem for participants.

What is Hertz Network used for?

HTZ serves as the native utility token of the Hertz Network ecosystem. Its primary use case is facilitating exchanges on the Hertz Swap DeFi Platform, where users can trade HTZ against other tokens on Binance Smart Chain. The token also functions as the native chain asset of the Hertz Network blockchain, which is described as a feeless and DeFi protocol powered by EOSIO. HTZ is used as the gas token for transaction fees on Hertz Network, and users can obtain it by bridging from other chains via thirdweb Bridge.

HTZ holders can utilize the Hertz Network DeFi tool to swap their ERC-20 tokens with native HTZ, providing cross-chain liquidity and flexibility. The protocol additionally supports the creation of custom tokens, with HTZ serving as the underlying utility asset for these operations. Trading pairs including HTZ/BNB and HTZ/USDT are available on PancakeSwap v2, allowing for decentralized exchange participation. HTZ can be swapped through onchain products and conversion pairs, subject to availability.

How Is the Hertz Network ecosystem developing?

The Hertz Network ecosystem is centered around several core components. The Hertz Swap DeFi Platform provides token exchange functionality on Binance Smart Chain, while the Hertz Network DeFi tool enables cross-chain swaps between ERC-20 and native HTZ tokens. The protocol supports custom token creation, allowing users to deploy their own tokens with ease.

Liquidity for HTZ is primarily provided through PancakeSwap v2, with HTZ/BNB and HTZ/USDT trading pairs available. The token is tracked across multiple data platforms including CoinMarketCap, Coinbase, Yahoo Finance, Crypto.com, Bitget, and LiveCoinWatch. The project maintains community channels on Telegram (t.me/hertznetwork), X (Twitter), Reddit (r/hertznetwork), Facebook, Bitcointalk, and GitHub. Market capitalization and holder count are shown on the live data page and change frequently. The project's GitHub repository at github.com/hertznetwork/hertznetwork provides access to its codebase.

How to mine Hertz Network?

Hertz Network (HTZ) is not a mineable cryptocurrency and was not premined. Instead, the network operates on a Delegated Proof of Stake (dPoS) consensus mechanism. In dPoS systems, token holders typically participate in network security and governance by delegating their tokens to validators or block producers rather than performing computational mining work.

Users who wish to acquire HTZ tokens can do so through decentralized exchanges, primarily PancakeSwap v2, where HTZ/BNB and HTZ/USDT trading pairs are available. The token can also be obtained through the Hertz Swap DeFi Platform or via onchain swapping products. Holding HTZ does not require any mining hardware or staking infrastructure, as the token is designed as a utility and governance asset within the Hertz Network ecosystem rather than a proof-of-work mining coin.

How to keep your Hertz Network Coin safe?

Securing HTZ tokens requires adherence to standard cryptocurrency safety practices. Since HTZ exists on both BNB Smart Chain (BEP-20) and Ethereum (ERC-20), users should ensure they are using compatible wallets that support the respective token standards. Hardware wallets provide the highest level of security for long-term storage by keeping private keys offline. Per Etherscan, no contract security audit has been submitted for the ERC-20 contract.

When interacting with the Hertz Swap DeFi Platform or any decentralized exchange, users should verify contract addresses carefully. The BEP-20 contract address is 0xb5bba78b4df2d47dd46078514a3e296ab3c344fe and the ERC-20 contract address is 0x0f7e1e6c9b67972a0ab31f47ab3e94b60be37d86. Always double-check these addresses before initiating any transaction. Users should also be cautious of phishing attempts and fake tokens mimicking the HTZ name or ticker. Keeping wallet software updated, using strong unique passwords, enabling two-factor authentication where available, and never sharing private keys or seed phrases are essential security measures. Given the project's modest market capitalization and the high-risk nature of small-cap cryptocurrencies, investors should exercise additional caution and only invest amounts they are prepared to lose.