Many projects are coming out today, saying they are better than ETH and in the case most of them is true. The promises are many and some seem to deliver very well their ideas.
In the middle of all this projects i came across, i have one that catched my eye, the one is Hathor Network.
What Hathor promises?
The thing everyone wants to hear, a smart-contracts blockchain with zero fees, yes truly zero. For what i heard from the project you can make all the transactions you want that nothing will be burned, the network has a Max supply just over 800 million coins, which is good for scarcity if you are thinking one your profits, and the better part of this is that it is extremely undervalue. With a market cap of only 75 million USD and a price just above 0.50 $ it promise to shoot to the moon in the short term.
Like i said this is all very atracting in terms of investment, my only concern about this is that it is a PoW coin just like ETH and the mining algorithm is SHA-256, the same as BTC. One thing that worries me too is that in miningpoolstats it only shows one pool controlling all the hashrate, well this is a turn down, maybe when the project starts to gain more visibility the pools will start coming to decentralize the network.
My conclusion is, it is not a guarantee profit investment, but with their fundamentals i think i will put some money on this. It promises things for DeFi that are what makes DeFi better, not loosing money in fees.
You can buy Hathor from Kucoin, its the only big exchange that has a trading pair for Hathor. At this moment you can buy it but can't withdraw because the node is on maintence, so if you want to buy you will have to wait for the unlocking of your funds that will not be taking many time i think.
Best Regards
Cryptopeach
