[ANN] 💦💦 HYDRO 💦💦 Security & Identity on the Blockchain

[ANM_MBA]

What's the actual value of the HYDRO token? I haven't seen a very clear answer on this yet. Why does the HYDRO platform need its own token instead of using ETH and why will that token appreciate in value?

[1715065767]

1715065767

[1715065767]

1715065767

[1715065767]

1715065767

[HydroShane]

Hey everyone, we are hosting a Reddit AMA on Friday! See this post for more details: https://medium.com/hydrogen-api/announcing-the-hydro-team-ama-c1b65bff5c4a 

That was a good news atleast we will have a chance to ask questions directly from the team to understand more about hydro and its platform. I will be there i have some questions to ask for about the future plans.

Awesome, we look forward to answering your questions 

[HydroShane]

What's the actual value of the HYDRO token? I haven't seen a very clear answer on this yet. Why does the HYDRO platform need its own token instead of using ETH and why will that token appreciate in value?

HYDRO is a utility token and is required to accomplish various functionalities (right now: to execute a Raindrop authentication, in the future: a whole host of uses). Each phase of the project will utilize the HYDRO token in some way.

Some of these functionalities could technically be achieved with ETH, but I believe this is a misnomer. ETH and HYDRO have two very different use cases - ETH is a currency to fuel computations on the Ethereum network, while HYDRO is a token to trigger and unlock functionalities within the Hydro ecosystem. Conflating the two is confusing and disingenuous, in my opinion. Here is how I think about it:

Using ETH would restrict what we can do, and introduce competitive barriers as to the actual use of those tokens. Why would someone use ETH within the Hydro ecosystem if ETH also has hundreds or thousands of other potential uses that have nothing to do with Hydro? Why would we tie ourselves to the supply and demand dynamics of a token that has an entirely different use case then what we intend it to be used for? At best, this muddles the Hydro value proposition, and at worst, it is a game theoretical disaster in which developers never expand beyond ETH's native use cases. These issues are almost entirely circumvented by introducing a HYDRO utility token.

I don't have any comments on the value of the token, but here are some facts: We are aggressively pursuing real-world adoption of the tech. That adoption is directly correlated with the use of HYDRO, and the supply of HYDRO is fixed.

[Alesio22]

Incredible project) the team is in love with their work. are constantly in motion. in the telegram there is a constant update of the information, this is very encouraging. I hope at the conference in New York there will be a breakthrough! I also hope that the team will bring its product to perfection!

[rima_remeta]

Hello. Very wonderful project. Are there applications other than the 2FA application that will be produced locally

[rima_remeta]

I have difficulty understanding English especially since the terminology used is a little complicated, is there an Arabic version so I can understand the project well and invest in it.

[ANM_MBA]

What's the actual value of the HYDRO token? I haven't seen a very clear answer on this yet. Why does the HYDRO platform need its own token instead of using ETH and why will that token appreciate in value?

HYDRO is a utility token and is required to accomplish various functionalities (right now: to execute a Raindrop authentication, in the future: a whole host of uses). Each phase of the project will utilize the HYDRO token in some way.

Some of these functionalities could technically be achieved with ETH, but I believe this is a misnomer. ETH and HYDRO have two very different use cases - ETH is a currency to fuel computations on the Ethereum network, while HYDRO is a token to trigger and unlock functionalities within the Hydro ecosystem. Conflating the two is confusing and disingenuous, in my opinion. Here is how I think about it:

Using ETH would restrict what we can do, and introduce competitive barriers as to the actual use of those tokens. Why would someone use ETH within the Hydro ecosystem if ETH also has hundreds or thousands of other potential uses that have nothing to do with Hydro? Why would we tie ourselves to the supply and demand dynamics of a token that has an entirely different use case then what we intend it to be used for? At best, this muddles the Hydro value proposition, and at worst, it is a game theoretical disaster in which developers never expand beyond ETH's native use cases. These issues are almost entirely circumvented by introducing a HYDRO utility token.

I don't have any comments on the value of the token, but here are some facts: We are aggressively pursuing real-world adoption of the tech. That adoption is directly correlated with the use of HYDRO, and the supply of HYDRO is fixed.

Thank you. The answer helps me understand the function of the HYDRO token.

[ANM_MBA]

The Consensus-2018  is a good opportunity to advertise Hydro. So why do not you join?

[benres]

This is the most successful airdrop of 2018, and the technology are awesome, with this magnitude of development team Hydro will surely hit the cryptocurrency industry big time, thank you for being part of the Hydro community! This is really a big opportunity to the people who appreciates a good technology that comes once in a blue moon!

[annajt19]

The best project ever! Go Hydro!

[Kingsleybello100]

Hydro is so far gone💓

[Akhat43]

The "Hydrogen" project is really interesting, specialists working on it show excellent results. Good luck !!!

[altcoiner]

how the token will be used and circulated is not totally clear. I hope this will be explained in the next whitepaper. It would also be nice if the team would publish a roadmap on the site.

[toheed2x]

hydro team is amazing and proved they're not behind any big company. Also love the supporters of hydro.

I am proud to be a part of hydro family! 

[dragonvslinux]

how the token will be used and circulated is not totally clear. I hope this will be explained in the next whitepaper. It would also be nice if the team would publish a roadmap on the site.

I thought I read somewhere it's the utility token for access to the platform, but maybe I mis-understood. For example I have access to Raindrop at the moment thanks to my token holdings, but for Atom and Ion platforms I would need to request access. As for how it's circulated, it's traded on exchanges if that's what you meant.

[toheed2x]

The Consensus-2018  is a good opportunity to advertise Hydro. So why do not you join?

yes I agreed hope team will focus on it! 

[devotional]

i read there is a bounty program, where is it? do you know?

[medd18]

great project and strong team . hydro to the moon 

[amacar1]

i read there is a bounty program, where is it? do you know?

Check here: https://medium.com/hydrogen-api/introducing-the-hydro-community-development-program-d774909c67b8

[cvdesty]

Some people are so quick to dump their coins for pennies on the dollar, praising themselves for making a small profit. These same people will be crying later that they wished they had held. It will be too late then as they will have to buy back in at a much higher price.