A Look at Hawala.Today's P2P Crypto-Fiat Exchange Revolution
"Hawala.Today is the first real-time P2P crypto-fiat currency exchange. It’s driven by a simple core goal – enable users to purchase and trade cryptocurrency."
The Cryptocurrency Hype
I confess! Right now, I am addicted to the latest crypto craze — Airdrops, and Bounty Campaigns. An airdrop is a “free giveaway of pre-mined coins” and is basically done when a blockchain project decides to distribute free tokens, or coins, to the community. This happens after the project has completed its ICO and the token has become tradeable on the open market. It provides the project a feel of the market and at the same time build early supporters.
I sift through different forums checking out details of airdrops and bounty campaigns of many cryptocurrencies and waits for the release of their airdrop applications (usually using Google forms) to make sure that I get prime slots for the distributed stakes. Over time, I have amass quite a collection of coins and tokens which I received from different blockchain projects. But to really realize the fruit of my labor, I must exchange this virtual coins into currencies that is useful in the real world. Thus, I scouted for Cryptocurrency Exchanges.
Looking for that Ideal Crypto Exchange
Cryptocurrency exchanges are websites where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euro. There are fancy trading tools for those that want to trade professionally. One will likely need to use an exchange that requires you to verify your ID and open an account. If you just want to make the occasional, straightforward trade, there are also platforms that you can use that do not require an account.
Despite being extremely successful in their respective markets, very few Cryptocurrency exchanges have managed to bring a balanced ecosystem together which could sustain a global p2p network and provide a more reliable and convenient interaction. Oftentimes, the existing issues standing in the way of being a perfect exchange are identified as:
- Lengthy processing times
- High costs/fees (especially fiat)
- Limited asset management
- Limited accessibility
Some exchanges has successfully avoided a few of the mentioned issues, but I am still on the hunt for one that offers all the mention features. It is during my online scouting for the best Cryptocurrency exchange that one Google link directed me to the offering of Hawala.Today exchange.
Revolutionizing the Crypto-Fiat Exchange
At its core, Hawala.Today, is a gateway between fiat and cryptocurrencies. The model built around it specifically focuses on dealing with the existing issues in the path to mass adoption. It is also inspired by the vision to see crypto asset trading and management become a favorable norm.
The platform aims to tackle the concerns of many crypto exchanges by developing a globally accessible application which will allow users to exchange fiat currency for crypto with the least amount of effort and costs possible. The ecosystem - consisting of the Hawala Exchange, Wallet, Asset Management Services (AMS) and APIs - works seamlessly to provide users the complete crypto asset management solution.
With a true P2P network, users of the Hawala.Today application will gain access to a free market where they have sole control of all assets. All information is stored on the user’s device and accessed remotely by the application as required. Hawala.Today does not store any user data. The following table shows a comparison of features and services with the two foremost gateways for crypto-fiat exchanges:
Hawala.Today approaches the crypto space from an angle quite similar to LocalBitcoins, but with a network of P2P traders which have more opportunities to interact with and ultimately shape the community. Eventually Hawala.Today will incorporate direct fiat to BTC/LTC/ ETH and other ERC20 tokens exchanges.
Hawala.Today Solution
With issues revolving nowadays, Hawala.Today is designed to bring ease of access and adoption to crypto and investments in the blockchain. The provides the following solutions faced by crypto exchanges nowadays:
- An inherently simplistic and easy to use application for all platforms, enabling users to adopt crypto without needing comprehensive technical knowledge of blockchain tech.
- A P2P exchange modelled on a trust rating system, allowing management and trade of all crypto assets on a singular, seamless platform.
- A social community platform that encourages mass financial freedom & literacy, especially in the crypto space. Targeting the mass audiences will bring in an influx of new adopters and the Hawala community may offer something akin to introductory courses and guides to help with assimilation.
- With mass adoption, the demand for professional services and consultations will increase. This is where Asset Management Services (AMS) will establish a comprehensive platform where users can solicit the services of asset managers with an independent trust rating system.
- Scalable and compliant API services to empower businesses, developers & entrepreneurs to build their own powerful crypto services and product offerings, with no additional fees.
- API availability will empower businesses, small investors and entrepreneurs to expand their customer base globally, and also shift their internal financial systems over to the blockchain, such as salaries, fund management etc.
- The entire ecosystem is saddled on the IFS model which incentivizes users to hold and stake their HAT tokens, minting new tokens in the process which they themselves receive as rewards.
The Essential Hawala (HAT) Token
The Hawala Token (symbol – HAT) stands at the core of the Hawala ecosystem. It is the prime enabler of crypto-fiat exchanges and also the functional token of transactions on the Hawala.Today application. It will be used to access various features such as staking, and support the IFS model and rewards system. One of its functions is determining the level of investment a user can make in the AMS platform. The AMS pools will admit investors based on their HAT holdings.
The Hawala Tokens will be essential in accessing the payment features on the Hawala Platform especially when fiat exchanges are involved. What can the Hawala Token do?
- Enable fiat-crypto exchanges
- Become the payment mechanism to access the services and the platform offered by Hawala.Today
- Pay for API calls on the Hawala platform
- Enable access to AMS platform
- Acquire IFS Rewards through staking
A Revolutionized Exchange
Hawala.Today is built around the concept of utility, ease-of-access, efficiency and privacy. The app’s simplistic and intuitive design allows all kinds of users to start trading instantly. The decentralized network maintains the anonymity of all exchanges between the users. Hawala.Today, with its multi-faceted model, is a brand name. It is vital for the enabler to be recognized and trusted in the community and in order to do that, the focus must be in creating brand familiarization among the public. Hawala.Today will make use of various avenues to maximize its potential outreach.
Know more about the Hawala.Today Exchange and its development team, visit and click the following links:
Website — https://hawala.today
Bitcointalk — https://bitcointalk.org/index.php?topic=2285591.0
Telegram — https://t.me/hawala_chat
Twitter — https://twitter.com/HawalaToday
Facebook — https://www.facebook.com/hawalatoday
by: Dale1075