HUNT Coin: A Gamified Platform for Web3 Creators

HUNT Coin: A Gamified Platform for Web3 Creators

HUNT Coin (HUNT) is a cryptocurrency that is used as the medium of exchange and reward on the HUNT platform, a gamified platform that aims to connect Web3 creators, such as developers, designers, and content producers, in a decentralized and transparent way. HUNT is powered by the Ethereum blockchain, and leverages its features such as smart contracts, ERC-20 tokens, and decentralized applications. HUNT also collaborates with various partners and platforms, such as Steem, Reviewhunt, Ideahunt, and Travala, to provide a comprehensive and diverse service for its users.

 

 

 

 

 

 

 

 

Coin Introduction and Features

HUNT was launched in 2018 as part of the HUNT ecosystem, which consists of three main components: the HUNT service, the HUNT token, and the HUNT DApps. The HUNT service is a web-based platform that allows users to access, manage, and deploy HUNT DApps, which are gamified applications that incentivize and reward Web3 creators for their contributions. The HUNT token is a utility token that is used for economic activity and governance on the platform. HUNT has several features that make it attractive for users and developers of the HUNT platform and beyond. Some of these features are:

• HUNT is used as the medium of exchange and reward on the HUNT platform, which creates a circular economy and a positive feedback loop for the participants. Users can earn HUNT by completing tasks, referring friends, and participating in events and campaigns. Users can also spend HUNT to access premium features, buy products and services, and support creators. Users can also trade HUNT with other users or on exchanges.
• HUNT is also used as the governance token of the HUNT platform, which empowers the community and ensures the transparency and fairness of the platform. HUNT holders can vote on various proposals and decisions that affect the platform, such as the DApp selection, the reward distribution, and the platform development. HUNT holders can also delegate their voting power to other users or validators, who are responsible for maintaining the security and functionality of the platform.
• HUNT is compatible with the latest developments and innovations from the Ethereum network, which is the underlying blockchain of the HUNT platform. Ethereum provides various features and services that enhance the performance, scalability, and functionality of the HUNT platform, such as smart contracts, ERC-20 tokens, and decentralized applications. These features enable the HUNT platform to execute and verify the transactions and rewards in a trustless and efficient manner.

 

 

 

 

 

 

 

 

 

Market Analysis and Trends

HUNT has experienced significant price fluctuations in the past, mainly due to the supply and demand dynamics of the HUNT platform and the cryptocurrency market. HUNT has a maximum supply of 500 million tokens, which is determined by the inflation rate of the platform. The inflation rate decreases every year, until it reaches zero in 2039. The current annual inflation rate of HUNT is around 3.5%1. The demand for HUNT is influenced by the activity and popularity of the HUNT platform, as well as the external factors such as the price of ETH and other cryptocurrencies, the regulatory environment, and the market sentiment.

According to CoinMarketCap, HUNT is currently ranked 1835th among all cryptocurrencies, with a market capitalization of $392,725 USD and a 24-hour trading volume of $38,183.91 USD. The current price of HUNT is $0.000079 USD, which is up 7.67% in the last 24 hours and up 17.5% in the last 7 days. The all-time high price of HUNT was $0.0613 on April 2, 2021, and the all-time low price was $0.0008 on March 13, 2020.

The price trend of HUNT is largely correlated with the price trend of ETH, which is the main driver of the HUNT platform and the HUNT generation. ETH has also experienced significant volatility in the past, reaching an all-time high of $4,362.35 on May 12, 2021, and an all-time low of $0.4209 on Oct 21, 2015. The recent price movements of ETH and HUNT have been influenced by several factors, such as:

• The recovery of the cryptocurrency market in 2020 and 2021, which was driven by the increased adoption and innovation of Bitcoin, Ethereum, and other altcoins. The cryptocurrency market reached a new all-time high of over $2 trillion in April 2021, which boosted the demand and price of many cryptocurrencies, including ETH and HUNT. The market also witnessed increased volatility and corrections, which affected the price of ETH and HUNT as well.
• The development and updates of the HUNT platform and the HUNT project, which aimed to improve the user experience, the security, and the scalability of the platform. Some of the recent updates include:
  • The launch of HUNT Plus in March 2021, which is a premium subscription service that offers exclusive content, discounts, and benefits to the users. HUNT Plus costs 9,900 HUNT per month, and users can pay with HUNT or other cryptocurrencies via the Poly Network.
  • The integration of HUNT with various platforms and services, such as:
    • Steem, a leading blockchain-based social media platform, which partnered with HUNT in 2018, allowing users to earn HUNT by creating and curating content on Steem2.
    • Reviewhunt, a gamified product review platform, which launched in 2019, allowing users to earn HUNT by reviewing and promoting products and services3.
    • Ideahunt, a gamified idea generation platform, which launched in 2020, allowing users to earn HUNT by submitting and voting on ideas for Web3 projects4.
    • Travala, a leading blockchain-based travel booking platform, which added HUNT as a payment option in 2020, allowing users to book over 2.2 million hotels and accommodations worldwide using HUNT5.

 

 

 

 

 

 

 

 

 

 

Project Updates

The HUNT platform and the HUNT project are constantly evolving and improving, thanks to the efforts of the developers, the validators, and the community. Some of the latest updates and announcements for the HUNT platform and the HUNT project are:

• The launch of HUNT Studio in April 2021, which is a content production and distribution company that focuses on creating original and quality content for the HUNT platform. HUNT Studio aims to support and collaborate with talented and passionate Web3 creators, and to provide them with a fair and transparent revenue share, audience data, and exposure opportunity.
• The announcement of the HUNT NFT Marketplace in March 2021, which is a platform that allows users to create, buy, and sell non-fungible tokens (NFTs) related to games and streams on the HUNT platform. NFTs are unique and scarce digital assets that represent the ownership and authenticity of various forms of art, such as skins, weapons, badges, and clips. The HUNT NFT Marketplace will use HUNT as the main currency, and will leverage the Ethereum blockchain and the IPFS storage system to ensure the security and efficiency of the transactions and the storage of the NFTs.
• The integration of HUNT with Ledger Live in February 2021, which is the official app for managing Ledger hardware wallets. Ledger Live allows users to securely store, send, and receive HUNT with their Ledger devices, as well as access other features such as portfolio management, staking, and swapping.

 

 

 

 

 

 

 

 

 

 

Analysis and Recommendations for Investments

HUNT is a unique and valuable cryptocurrency that offers a medium of exchange and reward on the HUNT platform, a gamified platform that aims to connect Web3 creators, such as developers, designers, and content producers, in a decentralized and transparent way. HUNT has several advantages and disadvantages as an investment, which are:

• Advantages:
  • HUNT is used as the medium of exchange and reward on the HUNT platform, which creates a circular economy and a positive feedback loop for the participants. Users can earn HUNT by completing tasks, referring friends, and participating in events and campaigns. Users can also spend HUNT to access premium features, buy products and services, and support creators. Users can also trade HUNT with other users or on exchanges.
  • HUNT is also used as the governance token of the HUNT platform, which empowers the community and ensures the transparency and fairness of the platform. HUNT holders can vote on various proposals and decisions that affect the platform, such as the DApp selection, the reward distribution, and the platform development. HUNT holders can also delegate their voting power to other users or validators, who are responsible for maintaining the security and functionality of the platform.
  • HUNT is compatible with the latest developments and innovations from the Ethereum network, which is the underlying blockchain of the HUNT platform. Ethereum provides various features and services that enhance the performance, scalability, and functionality of the HUNT platform, such as smart contracts, ERC-20 tokens, and decentralized applications. These features enable the HUNT platform to execute and verify the transactions and rewards in a trustless and efficient manner.
• Disadvantages:
  • HUNT is dependent on the performance and popularity of the HUNT platform, which may face competition and challenges from other platforms and projects, such as Twitch, YouTube, Steam, and others.