Hydra - A unique cryptocurrency blockchain

Hydra is a open source Proof-of-Stake blockchain that has managed to solve the problem Ethereum, Cardano and many other coins are currently wrestling: How the inflationary and deflationary processes work. 

Many businesses struggle to use crypto since they can't have fluctuating transaction fees making the transactions unreliable. Hydra solves this by having fixed fees in corresponding dollars. What changes however is the amount of the transaction fee of Hydra that is burned - up to 100%.

While many coins experiment with deflationary measures, they can quickly become too unobtainable and fall into a deflationary spiral if they are burned too fast and become too rare. That is why Hydra uses a high inflation reward system with a currenct annual percentage return for stakers of 68.97 %.

Does this sound a bit too good too be true? The reason this project actually has become successful is because it was created to support a business rather than as a purely speculative tool with business uses added on later. Locktrip is a travel agency that wanted to create a blockchain to support their crypto bookings. While their prices are able to be kept 20% below the market price on for example booking.com, they use a Hydra token they created, LOC which is burned with every transaction increasing the value of their token. 

So essentially, Locktrip managed to keep their customers happy with significantly lower prices while also making profit from using the Hydra chain. This is just the beginning of all of the wonderful projects that Hydra is going to develop in the near future, so make sure you follow up on this project.

My favorite place to aquire hydra currently is KuCoin as it allows you to "soft-stake" Hydra for a massive return even for as little as 1 Hydra. While its certainly more beneficial to host your own node, it is recommended you stake on KuCoin if you're not a big baller (600-1000 Hydra and up).

KuCoin also offers very generous competitions regularly for those staking 50 Hydra or more on their servers.

To finish this article up, its also important to not mistake this Hydra with Cardano's development of something with a similar name. While Cardano uses something they call hydra, its not a token and its not affilliated with Hydrachain.