What is HUMA?
In simple terms, it is a cross-border payment accelerator that uses blockchain to help businesses quickly obtain short-term loans, solving the problems of slow transfers and high fees associated with traditional banks.
Founder Richard worked at Google for 7 years, and another co-founder Erbil is an experienced figure in blockchain.
They have raised $38 million in funding, with investors including Hashkey, the Stellar Foundation, and Turkey's largest bank.
The Solana Foundation is strongly promoting it, and the technology is built on the Solana blockchain.
Revenue comes from transaction fees paid by businesses, charging 0.06%-0.1% per transaction, unlike other DeFi projects that rely on issuing tokens to sustain themselves. Currently, the platform has an annualized yield of 14.3%, has processed $3.9 billion in transactions, and has a default rate of 0%.
The sectors involved include RWA and PayFi, hence the listing of BN.
Binance users can now stake BNB and USDC to mine HUMA.
Early participants can also earn Feather points, which can be exchanged for governance rights or tokens in the future 110.
Binance has labeled HUMA as a seed project and opened 5 trading pairs, creating a feeling that there is an intent to heat up the PayFi track based on the news!
Looking at the opening price...
