What is Haze Finance (HAZE) | What is Haze Finance token

Haze Finance, a non custodial and fully private transactions protocol, allows you to enjoy autonomy in the decentralized ecosystems without sacrificing your privacy in exchange. Unstreak yourself with us.

What is so unique about Haze Finance?

Some of you might wonder, well, isn’t there already protocols available that are doing the same things? There’s one crucial feature that sets Haze Finance apart from its peers:

It is the first DeFi tokens private transactions protocol on Binance Smart Chain

Here is a list of tokens that will be included in phase 1 of Haze Finance’s private transactions list. We will kickoff with BUSD as the first private transaction token, and add in other tokens to the private transactions program as we progress. If there are tokens with high interest that are not included in the list, HAZE tokens holders will be able to vote on proposals to add new tokens to the list.

Crypto: BNB, ETH, BTCB

Stablecoins: BUSD, BUSDT, USDC, DAI

DeFi: CAKE, XVS, JULD, AUTO, BAKE, BUNNY, ACS

Another key feature of Haze Finance is its anonymity set liquidity incentive. As a private transactions protocol, the team understands the importance of having a large anonymity set- the larger the anonymity set, the harder it is for observers to tell which accounts and transactions belong to whom. Haze is able to achieve a large anonymity set by providing yield farming as incentives to attract more people to contribute to the liquidity of the anonymity set. Users can earn HAZE tokens by staking any token from the tokens list mentioned above in the protocol’s anonymity pools. With this incentive, people will be willing to contribute to the anonymity set and the larger the anonymity set, the more users it can attract, which further increases the size of the anonymity set, creating a positive cycle for the protocol.

How do we ensure transaction privacy in Haze Finance?

Haze Finance achieves transaction privacy by using the zkSnarks proof, a type of cryptography that allows one party to prove the validity of another party’s transactions without disclosing the identity of the senders or information unrelated to the validity of the transactions.

With the zkSnarks proof, an example of a user’s private transaction process will look like this: Mike deposits his BUSD in the smart contract, the deposited BUSD is then mixed with other BUSD in the anonymity pools and Mike receives a passkey (a series of bytes) that proves that he has deposited a certain amount of BUSD to the smart contract. When Mike wants to withdraw the BUSD from the smart contract, he simply has to enter the passkey and the smart contract will transfer the specified amount to the specified address provided by him. By breaking the on-chain link of the transactions, there is simply no way for the observers to trace the origin of the funds through the withdrawal.

How else can users benefit from Haze Finance and HAZE tokens?

Haze Finance also provides the liquidity mining program that allows users to contribute to the HAZE liquidity pool in PancakeSwap and stake their LP tokens in the Haze Finance platform to earn more HAZE tokens as rewards. As HAZE tokens holders, users will also have a share of the profits that the protocol earns. On top of all these, the HAZE token is also a governance token that allows the project to be community-guided and let the token holders vote on proposals.

Lastly: we are currently a Binance Smart Chain based project, but with plans of launching on the Ethereum and other blockchain ecosystem in the future. As some of you might already noticed, using private transactions on the current Ethereum system can be very costly with the gone through the roof gas fee. The developers of Haze Finance have already looked into the ways of enabling private transactions on Layer 2 using methods such as optimistic rollup. This will be the first time that anyone has ever introduced Layer 2 private transactions on the Ethereum network. If the development goes smoothly, Haze Finance will be able to provide low cost private transactions for the DeFi tokens listed on Ethereum and other blockchain ecosystems as well. This means no more streaking on chains for all users, ever. We will keep updating you guys on the progress.

Haze Finance Tokenomics

With all that being said, below is the detailed information of HAZE tokens:

Token Name: HAZE
Symbol: HAZE
Type: BEP-20
Decimals: 18
Total Supply: 1 million.
LP mining reward tokens emitted in 4 years.
The token emission follows a geometric sequence with 20% reduction every month.

Token Distribution:

60% to Frequency Mining (deposit rewards)
20% to LP Mining
10% to Team
10% to Marketing (locked in treasury)

Why Haze Token?

Frequency Mining (deposit rewards): Users can deposit any tokens from the private transactions tokens list , we will start BUSD first and add in other tokens as we progress, to contribute to the anonymity set, and in return, the users will receive HAZE tokens as reward.
LP Mining: Users can contribute to the liquidity pool of HAZE/BNB in PancakeSwap and stake their LP tokens in Haze Finance’s platform and receive HAZE tokens as reward.
Profit Sharing: Haze Finance charges 0.5% of the deposit amount as protocol fees when users withdraw funds from the protocol. HAZE token stakers will receive 40% of the profit earned by the protocol.Users can stake their HAZE tokens for sHAZE in our platform and the protocol fees collected (given out in HAZE)will be distributed proportionally across all sHAZE holders. Users can then burn their sHAZE tokens if they want to unstake, and they will receive their HAZE tokens back along with the fees earned. The other 30% of the profit goes to the team and the remaining 30% will be locked in treasury, which the governance gets to vote on and decide the use of this portion of the profit. Haze Finance’s profit allocation can be change in the future based on the governance’s voting, for example, if the community decides that Haze Finance no longer needs the team to run it, they can vote on a proposal to take away the team’s 30% profit share.
Governance: HAZE token is also a governance token that allows the holders to vote on the decisions and directions of the protocol.
Future: We have plans to launch on Ethereum and other blockchain ecosystems. Buying and holding HAZE tokens is buying into a part of this optimistic future.

Would you like to earn many tokens and cryptocurrencies right now! ☞ CLICK HERE

How and Where to Buy Haze Finance (HAZE)?

HAZE has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy HAZE

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since HAZE is an altcoin we need to transfer our coins to an exchange that HAZE can be traded. Below is a list of exchanges that offers to trade HAZE in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase HAZE from the exchange: PancakeSwap

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once HAZE gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com

Find more information HAZE

☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Coinmarketcap

🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds

Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

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