What is HotPotato
Last updated
Last updated
Due to the high inflation rate, people usually quickly change currencies because they are afraid of currency devaluation. In other words, the potential return of holding currency at this time is negative. When a sum of money is transferred, it must be used immediately, otherwise, a lot of value will be lost. At this time, currency also loses its function as a measure of value, which in turn will exacerbate the decline in currency value leading to the collapse of the money system. The currency in your hands is like a HotPotato that has just been baked. You must flip it quickly between your hands, to avoid burns in your hands.
A Centralized Financial system can be seasoned with unlimited offerings, while the total amount is predetermined in major blockchain projects. Whereas, in the case of HotPotato, the total amount is determined by the community. Hence, there will be no arbitrary issuance of HotPotato tokens, nor a cap on the total amount. It's up to the community to decide.
HotPotato is an innovative project with Rebase mechanism. It is a malleable base-money, which coexists with the community and adjusts its supply based on the number of effective holding addresses. There is no maximum number predecided on supply of HotPotato.
HP's malleability is reflected in the following two aspects:
The malleability of token's amount: real-time issuance or deflation, the number of tokens changes frequently.
The malleability of token's ecosystem: HP is a completely communalized base money, its primary principle is to realize fairness, justice and decentralization. Since HP needs to have rich application scenarios to reflect its value attributes, HP will develop stable coin, NFT and DAO modules in the follow-up development plan.
In summary, the main differences between HotPotato and other tokens are the mechanism of token generation and distribution, and the modular development plan.
