The term "Huma token" most often refers to the native utility and governance token of Huma Finance, a decentralized "PayFi" (Payments + DeFi) network. The token, with the ticker $HUMA , is designed to power the ecosystem by providing a range of functionalities.
Its primary uses include:
* Governance: $HUMA holders can stake their tokens to participate in voting on key protocol decisions, such as airdrop allocation, fee structures, and liquidity caps.
* Rewards: The token is used to incentivize liquidity providers and other contributors to the ecosystem.
* Ecosystem Currency: The token enables advanced protocol features and serves as a utility token within the Huma Finance ecosystem, which focuses on real-world financial services like invoice financing and payroll advances.
* Staking: Users can stake $HUMA to earn rewards and boost their participation in liquidity pools.
The project has a capped total supply of 10 billion tokens and a tokenomics model designed to encourage long-term commitment and growth.#HumaFinance @Huma Finance 🟣