Hoard, a multicurrency wallet and trading platform integrating fiat and cryptocurrencies, today released the beta platform and also launched its Initial Coin Offering (ICO). The beta version of Hoard will allow users to test out the platform, showcasing the integration and management of both crypto and fiat currencies.
At the center of this platform is the Hoard token and blockchain protocol, a second-layer cross-chain exchange engine codenamed Smaug. The Hoard token unlocks a second layer solution and community of nodes that make transactions scalable and assets interoperable across all blockchains.
Hoard will issue up to 300 million HOARD tokens which will be available for purchase through Ethereum. The tokens are based on Ethereum ERC20 token standard.
“In order for the world to adapt to a technology, an individual must be able to adopt that technology. By integrating Hoard with a mobile app, which is being supported by the launch of our ICO, Hoard will make cryptocurrency investing adaptable and adoptable so that even your grandma can understand and participate in it.”
For users looking to invest in cryptocurrencies, with Hoard’s rule-based investing engine, users can link an account, select a rule and automatically buy multiple coins in a single purchase on autopilot.
Hoard is introducing QR code payments that convert cryptocurrency to cash, settle transactions, and remit money to merchant accounts instantly at the time of sale for a 0.50% fee or less. Consumers no longer need to trust banks and rely on antiquated processes, as Hoard is making the power of the relationship more decentralized between the buyer and seller.
“Technology should address and solve challenges, not create additional obstacles. Hoard has embraced blockchain to build bridges across cash and cryptocurrency for both consumers and merchants. We don’t see Hoard as a competitor but a driving force that supports all blockchains. Our products are open source and made public so blockchain companies can add to our core and contribute to our code. We believe decentralization isn’t disruptive but the products and services we build are.”