After years of hard work in the cross-border e-commerce industry, Lao Chen has recently been troubled by the company's cash flow issues. The company's business is expanding rapidly, and cooperation with overseas suppliers is increasing, but the problem of cross-border payments has become a major hurdle. A payment from China to a US supplier incurs high bank fees and takes 3-5 working days to arrive; sometimes, during holidays, the wait becomes even longer. If currency fluctuations occur, the losses can be even greater. Lao Chen slapped the table and sighed, 'Isn't there a fast and cheap cross-border payment method that can also avoid currency risk?'
At an industry summit, Lao Chen accidentally met the Huma Finance team and, after gaining an in-depth understanding of its native token HUMA coin (HUMA), it felt like seeing the dawn in the dark.
The core of Huma Finance is the creation of the world's first decentralized PayFi network, akin to a super bridge connecting the global financial system, making cross-border payments and capital flows efficient and transparent. It simplifies and reconstructs the complex and cumbersome payment processes in the traditional financial system using blockchain technology and stable coins. It's like transforming the originally winding mountain paths into smooth and wide highways, allowing vehicles (capital) to travel freely. By collateralizing real accounts receivable (such as invoices and trade payables) on-chain, businesses can instantly gain on-chain liquidity, which was previously unimaginable.
As the core 'fuel' of the Huma Finance ecosystem, HUMA coin plays a crucial role. For business users like Lao Chen, HUMA coin is the 'universal key' to unlocking efficient financial services. On one hand, when using Huma's cross-border payment services, Lao Chen can pay fees with HUMA coins, significantly reducing costs compared to traditional bank transfer fees, and the transaction speed is extremely fast, with second-level settlements based on the Solana blockchain, allowing funds to arrive instantly, completely alleviating his anxiety about waiting for funds. On the other hand, HUMA coin also has governance functions; by holding HUMA coins, Lao Chen can participate in the governance decisions of the Huma Finance protocol, expressing his opinions on important matters such as fee adjustments and service upgrades, truly becoming a participant in the construction of the financial ecosystem.
In terms of financing, HUMA coin has also brought new opportunities for Lao Chen's business. In the past, when companies wanted short-term financing, the procedures were cumbersome and the approval times were long. Now, Lao Chen's company can quickly obtain financing by using the Huma Finance platform to collateralize accounts receivable on-chain in the form of stable coins. Investors providing liquidity can not only earn stable coin returns but also receive HUMA coin rewards, achieving a win-win situation. For example, Lao Chen's company urgently needed $100,000 for purchasing raw materials. Through the Huma platform, they only needed to put the corresponding invoice on-chain to quickly receive financing issued in the form of USDT stable coins, solving their urgent needs.
For ordinary users, HUMA coin is equally attractive. Users can stake HUMA coins to participate in network governance, contribute to the stable operation of the ecosystem, and earn staking rewards, just like earning interest by depositing money in a bank. In the ecological applications of Huma Finance, users can also use HUMA coins to participate in various financial activities, such as purchasing financial products and participating in lending, enjoying convenient financial services.
From the perspective of token economics, the design of HUMA coin is scientific and reasonable. Its total supply is 10 billion coins, with an initial circulation of only 17.33%, effectively avoiding excessive circulation of tokens in the market. In terms of distribution, 5% is used for initial airdrops to attract early users; 31% is for liquidity providers and ecosystem incentives to stimulate community vitality; 7% is for exchange listings and market promotion to enhance project visibility; 4% is for market-making and on-chain liquidity to ensure market stability; 2% is for presales to attract strategic investors; the remaining portion is reasonably allocated to early investors and the team. Additionally, 50% of the fees paid by borrowers will be used to repurchase and burn HUMA coins on the secondary market. Over time, the supply of HUMA coins will gradually decrease, while demand continues to grow, and its value is expected to steadily increase.
Moreover, Huma Finance has also collaborated with many well-known institutions and projects. On the investment side, it has received support from top venture capital firms such as Circle, the Solana Foundation, and Galaxy Digital, providing strong financial backing for project development. In terms of technical cooperation, it has partnered with institutions like Fireblocks and Chainalysis to enhance the platform's security and compliance. In expanding application scenarios, it has collaborated with applications like Arf and Zeebu to apply the PayFi network in real scenarios such as cross-border payments and telecom roaming payments, broadening the use of HUMA coin.
Now, after Lao Chen's cross-border e-commerce company has integrated with Huma Finance, the business is thriving. The speed of capital turnover has significantly increased, costs have decreased, and cooperation with suppliers has become smoother. Lao Chen remarked, 'HUMA coin is like a booster for my cross-border e-commerce business, showing me the infinite possibilities of global finance.'
In the Web3 industry, HUMA coin breaks the barriers of traditional finance with innovative technology and rich application scenarios, bringing new solutions for global payments and financing. It addresses the pain points of cross-border payments, providing more convenient, efficient, and low-cost financial services for businesses and individuals, building a more open, fair, and transparent financial ecosystem. In the future, as the Huma Finance ecosystem continues to improve and grow, HUMA coin is expected to become an important infrastructure in the Web3 financial sector, leading the industry to new heights and reshaping the global financial landscape.
