Kyiv, Ukraine, April 26, 2024 (GLOBE NEWSWIRE) – Haust Network, an eagerly awaited project in the Web3 sector, has officially initiated its initial development phase. The primary emphasis at this juncture is on community integration and expansion. Haust Network currently boasts a diverse global community with members from pivotal regions such as North America, Europe, Japan, South Korea, and the Middle East. This rapid expansion has established Haust Network as a significant global participant in the blockchain industry, offering innovative governance models for Web3 blockchain investment solutions.
Distinguishing itself as a unique first-layer liquidity network compatible with the Ethereum Virtual Machine (EVM), Haust Network employs an advanced Delegated Proof of Stake (DPoS) consensus mechanism. The introduction of this project signifies a notable shift in the realm of blockchain technology, showcasing its boundless potential and promising opportunities.
As the world’s first blockchain to integrate native returns, Haust Network seamlessly interfaces with mainstream blockchains like Solana, Binance Smart Chain, Polygon, Avalanche, and Ethereum, presenting users with diverse trading possibilities. Noteworthy is the fact that transactions on Haust Network are gas-free, marking a significant advancement in blockchain transaction efficiency.
Through Haust Network, users can utilize an automated compounding mechanism that enhances balances within the network. This innovative system stems from staking liquidity across various Proof of Stake (PoS) networks, with substantial returns flowing back to Haust Network users, facilitating swift wealth accumulation.
Despite being in its developmental phase, Haust Network has attracted considerable interest from top-tier foundations and venture capital firms, underscoring its vast potential and unique allure. This keen interest indicates substantial future funding to fortify project development and ecosystem expansion.
At the heart of Haust Network lies its Sucker Nodes, an intelligent contract system for asset management deployed across multiple blockchain networks. These smart contracts allocate user funds to high-yield projects within each donor network, maximizing returns for users.
When users deposit funds into Haustoria contracts within a donor network, the funds are distributed among various yield projects in that network based on predefined risk and return parameters. Upon deposit, users receive equivalent tokens at a 1:1 ratio within Haust Network. As returns accrue from the yield projects, Haustoria contracts distribute profits to all token holders proportionally.
Haust Network adopts an advanced governance model centered on ve-tokens and quadratic voting, granting users unprecedented decision-making authority and opportunities to steer ecosystem development. By locking tokens to acquire ve-tokens, HAUST token holders can participate in crucial protocol development voting. This innovative governance framework offers the community significant flexibility and autonomy.
Users have the ability to vote on crucial matters such as integrating new donor networks with Haust Network, adjusting risk and return parameters, and allocating ecological funds. The quadratic voting system ensures a balance of interests and guards against power concentration, fostering a fair and inclusive decision-making process.
Highlighting community involvement in decision-making and ecosystem development, Haust Network’s governance model based on ve-tokens and quadratic voting provides ample avenues for community members to participate. This innovative approach ensures that community feedback is valued, injecting fresh vigor into ecosystem growth.
With a vision to establish a benchmark in the global blockchain arena, Haust Network aims to deliver unparalleled user experiences and exceptional wealth growth opportunities. Through the fusion of advanced technology and innovative strategies, the project aims to provide users with distinctive wealth growth avenues and participation prospects.
As a pioneering Web3 project, Haust Network is positioned to lead the advancement of blockchain technology and the Web3 landscape. Its unique design and innovative mechanisms offer global users unmatched wealth growth opportunities and a superior user experience. Going forward, Haust Network is set to realize its vast potential and make a profound impact on the global blockchain industry.
For more information and updates on Haust Network, please visit:
Official social media: Haust Network Twitter
Official community: Haust Network Telegram
Email: [email protected]
Official website: Haust Network Website
Disclaimer: The information presented in this press release is not an invitation for investment, nor does it constitute investment advice, financial advice, or trading advice. It is strongly recommended to conduct thorough due diligence, including consulting with a professional financial advisor, before engaging in investments or trading cryptocurrencies and securities.
