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HARD is a DeFi token in the Cosmos ecosystem. It is also the native governance token of the HARD Protocol platform. HARD
Protocol is a decentralized money market built on Kava that allows cross-chain asset lending. At the beginning, the platform could only provide deposits of some currencies, but not long after, the platform opened over-collateralized lending for supported assets. It is for this reason that the platform has been loved by many investors and everyone has begun to pay attention to the platform. Many investors who pay attention to the platform want to know what the HARD coin issue price is? Let the Coin Circle editor bring you a list of HARD coin issue prices.

 What is the HARD coin issue price?

According to the investigation of the Coin Circle editor, the issue price of HARD coin is US$0.8500 and the issue time is October 15, 2020. From the development of DeFi this year, we have seen the market prospects and future trends of cryptocurrency mortgages. This type of decentralized lending platform is actually helping users in the blockchain world to improve financial transaction processes and increase financing channels. The rise of Ethereum's value is also inseparable from the development of such platforms.

Like DeFi lending products such as Compound and Aave, HARD
Protocol aims to build a money market that can provide short-term lending at any time when using crypto assets. But we also see the limitations of Compound and Aave. Both are DeFi platforms built on Ethereum, so they only provide money markets for users of assets based on the Ethereum network (such as ETH and assets on erc-20). And because of Kava's cross-chain infrastructure, HARD
Protocol can provide the world's first cross-chain money market for assets such as BTC, XRP, BUSD, etc. This not only brings opportunities for other mainstream assets to enter the DeFi world, but also increases the breadth and depth of the DeFi market.

 What is HARD coin used for?

HARD Protocol is a cross-chain money market that provides users with more opportunities to earn high returns using digital assets. Through the HARD
Protocol platform, users can borrow and mine assets such as BTC, XRP, BNB, BUSD, KAVA and USDX to earn income.

HARD
Protocol opens the way for Kava blockchain application integration, and in the future all applications can leverage the security, price feed, and cross-chain capabilities of the Kava chain to provide the world with open and decentralized financial services.

HARD tokens will give holders a voice on the HARD Protocol platform. HARD holders will be jointly responsible for managing key parameters of the HARD
Protocol, such as which assets are provided, how rewards are distributed among HARD Protocol assets, platform fees, etc. HARD tokens will also be used to incentivize early participants to have a voice in the continued development and management of the HARD
Protocol.

HARD is the platform's native governance token and has the following existing and planned use cases:

Liquidity Mining Rewards: HARD tokens will be awarded to users who lend and borrow on the platform.

Governance Voting: HARD token holders will be able to vote on platform governance and receive HARD token rewards.

All HARD token rewards distributed will be locked for a certain period of time. The longer the lockup period a user chooses, the more HARD tokens they will receive. The specific parameters of the token reward lockup can be changed through governance voting.

To sum up, this is the answer to the question of how much the HARD coin is issued at and the introduction to the HARD coin issuance price. The HARD
Protocol project is actually just the first step for Kava to become a decentralized hub for cross-chain DeFi applications and services. In the future, through the expansion of infrastructure, Kava will further break through the barriers between assets and ecology, which will also help us build a more free and open financial ecosystem. We are still full of expectations for such a future. If you are also interested in HARD
Protocol, you can continue to pay attention to its subsequent development.