#HumaFinnance
Recently, there has been new movement in the cryptocurrency space, and the Huma token has gained popularity. Today, let's talk about it.
The Huma token is the core of the innovative PayFi network called Huma Finance. Simply put, PayFi combines payment and finance, utilizing blockchain and stablecoins to achieve global instant payment settlements, breaking the bottlenecks and inefficiencies of global commerce. Businesses and merchants no longer have to wait several days to complete payment settlements; it can now be done in minutes, greatly enhancing liquidity.
In terms of application scenarios, the Huma token plays a significant role in global payments, trade financing, and card payments. In global payments, international companies using Huma can settle cross-border transactions instantly. Traditional trade financing is cumbersome and slow; Huma simplifies the process by providing instant liquidity, allowing exporters to receive operating funds immediately after shipment, while importers can enjoy extended payment terms, thus reducing fraud risks and simplifying audits. Payment processors and card networks leveraging Huma can reduce merchant settlement times from 2-3 days to instant, which is beneficial for small businesses that no longer need to resort to expensive short-term financing options to obtain sales revenue.
Looking at the token economic model, the total supply of Huma tokens is 10 billion. The largest share, 31%, is allocated to liquidity providers and ecosystem incentives, aimed at incentivizing participants who provide liquidity for the PayFi network and drive transaction volumes; investors account for 20.6%, while the team and advisors hold 19.3%, all with lock-up and vesting schedules to ensure alignment with the long-term development of the protocol; the protocol treasury holds 11.1% for future development, etc.; CEX listing and marketing account for 7%; the initial airdrop of 5% rewards early users and community contributors; market makers and on-chain liquidity hold 4% to ensure trading liquidity; and 2% is allocated for strategic supporters during the presale. Holders can participate in governance voting to decide on important matters for the protocol, such as liquidity allocation and parameter adjustments; staking can yield rewards, and liquidity providers can also receive Huma token rewards, while ecosystem partners and community contributors are rewarded based on their contributions.
From a market performance perspective, Huma was recently launched on Bitget, attracting attention from both retail and institutional investors. Since its establishment, Huma Finance has processed over $3.8 billion in transaction volume, bringing double-digit returns to liquidity providers, which is impressive. The mainnet launch and appearance on Bitget are significant milestones. $HUMA @Huma Finance 🟣
