Why should own the Happy Rise token?
Introduction
Along with the underlying technologies, Happy Rise’s token is an important component of the project because it allows users to access the project’s services more easily.
Happy Rise not only focuses on the development of platform technologies applied to the application but also on the utility of the project token, intending to become the world’s leading technology lottery application to provide the best user experience. Come learn about the project’s governance token and the advantages of using Happy Rise tokens!
What is the governance token?
Governance tokens are the first cryptocurrency to represent voting on a blockchain by decentralizing the power to make important platform decisions from a centralized structure and distributing it to the entire community. This is because token holders are not only users but also protocol owners.
Furthermore, governance tokens can still be used in the ecosystem’s utility. Happy Rise’s token HARI, in particular, will be used not only in the Happy Rise ecosystem’s games, but also for awarding, borrowing, lending, and staking. Because the token can be used in a variety of ecosystem activities, it may be more convenient for users to use and invest in the project’s token.
Furthermore, an appealing project and the fact that the ecosystem token can be used flexibly in ecosystem activities can increase the appeal of users and thus attract more people. Participate in a project that has the potential to greatly increase the token’s value. The rise in token value, which means the game’s prize will rise many times as well, raises the chances of project participants becoming wealthy.
What are the uses of the HARI?
Receive a percentage of the pool prize whether participants play games or not
Simply put, if a participant in the Happy Rise ecosystem holds any amount of Happy Rise tokens, they will receive a certain amount of money each draw, 10 percent of the total prize pool is divided by the total token holder.
This is not only a way for Happy Rise to attract users to its ecosystem, but it is also a way for Happy Rise to express gratitude to users who participate in Happy Rise’s ecosystem and contribute to its development and the evolution of the ecosystem.
Lottery & Games
The process of participating in the lottery as well as the games of the Happy Rise ecosystem will be more convenient if you own HARI because you will not have to spend time converting your other tokens to HARI to participate in the lottery.
Owners of HARI tokens will undoubtedly receive approximately 10% of dividends from Happy Rise after raffles, allowing them to simply increase their assets.
Possibility of voting on project decisions
For DEFI projects, the Decentralized Governance, also known as the DAO, is a decentralized autonomous organization that can give everyone, not just the public, voting rights on any project decision. The project manager is in charge of making decisions.
This is significant because it can be viewed as the best way for project participants to express themselves while also safeguarding the project’s assets’ rights and interests. This means that project participants who own Happy Rise’s HARI token will be able to simply give their voices to the project when voting on decisions of the project in the best direction not only for themselves but also for the community.
Lending
Token holders deposit their tokens in a decentralized exchange and receive a percentage of the reward based on how many days they lend.
Users who are uninterested in the project’s games can bring their HARI (or other tokens later) to be lent for a set period of time and a set amount of money. The interest rate is stated before they make the loan. At the end of the loan term, the lenders will receive their loan plus interest. Furthermore, HARI token lenders still receive 10% profit from the total prize pool in each raffle.
Borrowing
Borrowing allows participants to have more flexibility in how they use tokens while still keeping their assets instead of having to sell or swap their tokens for the tokens they need to use. Users can participate in borrowing by taking out a mortgage on their assets (which can include cryptocurrencies, NFTs, or other valuable digital assets) to borrow tokens that they want to use easily.
This will be easier to understand if check out the following example:
If you want to play the game in the Happy Rise ecosystem and do not have HARI but only have ETH, you can use your 1000 ETH as a mortgage and borrow 700 HARI.
You can now use your 700 HARI to participate in Happy Rise ecosystem activities after completing the borrowing process. Not only that, but as the value of ETH rises, the value of your ETH as collateral will rise as well, and you will continue to receive 10% of the lottery’s pool prize. This will not only assist you in repaying your loan quickly, but it will also assist you in increasing the value of your property over time.
Additionally, users can select a loan method to provide themselves with more options when using the loan source. Users have two options when borrowing: pay interest at the time of borrowing or pay interest later. If users pay interest later, users must pay the interest amount plus a 1% late payment fee. If the user fails to repay the loan under the contract by the due date, Happy Rise will proceed to liquidate the contract.
Staking
Staking is simply defined as a user locking the number of tokens he owns for a set period to be eligible for rewards.
When a user stakes their HARI token for a certain period, after that time, the user will receive back the staking token and the reward consists of a specified percentage of tokens. This is a simple way for users to increase their token holdings and thus their assets.
Furthermore, users can still receive 10% of the dividends distributed from the prize pool of the prizes during the HARI staking period, thereby increasing the number of tokens themselves.
In summary, when a user staking a certain amount of HARI, they will be rewarded with several tokens based on the amount of time they spend staking and 10% dividends from the Happy Rise Lottery.
Swap
Swap can be thought of as the quickest way for users who already own other tokens to own HARI and participate in Happy Rise ecosystem activities and games without having to use third-party applications. Users can convert to HARI tokens using a variety of tokens, including ETH, BNB, USDT, USDC, SOL, and even credit cards.
HARI — the token of valuable
Happy Rise strives to provide the best possible experience for its users, and one of those things is the ability to use the project’s token in ecosystem activities for investment.
Not only that, Happy Rise is constantly working to improve the ecosystem, resulting in the value of the HARI token and bringing participants and investors the best investment chance to grow their wealth over time.
