Supporting Chihuahua as a Validator
Originally published on February 2, 2022.
Why should we support Chihuahua?
C hihuahua is the first interoperable meme coin with a POS blockchain, making it one of the most utilized chains in the Cosmos ecosystem.
Chihuahua represents an environmentally sustainable Proof-Of-Stake blockchain that leverages the Inter-Blockchain Communication Protocol for seamless interaction with other chains. Users have the opportunity to accumulate rewards and access various privileges by staking HUAHUA tokens, including the ability to participate in governance proposals and have a say in the Community Pool, which currently holds more than 14 billion HUAHUA tokens (equivalent to over $2 million). Positioned as the next iteration of meme coins, Chihuahua introduces an inventive and distinctive approach to blockchain technology :
POS blockchain : Chihuahua is a blockchain constructed with the Cosmos SDK and operates on the Tendermint consensus. HUAHUA serves as the inherent asset for staking and governance on the Chihuahua network. Notably, the Chihuahua blockchain’s annual energy consumption is significantly lower than the combined daily energy consumption of Dogecoin and Ethereum.
Interconnected : Thanks to the IBC protocol, Chihuahua has the capability to seamlessly interact with more than 30 Cosmos chains, enabling the swift transfer of HUAHUA assets to other chains in a matter of seconds.
Governance : Chihuahua incorporates an on-chain governance system within its framework. Those who possess HUAHUA, the native staking token of the network, have the opportunity to vote on proposals with a one-to-one voting ratio per token.
APR : By delegating your HUAHUA tokens to one of the 125 active validators participating in the Chihuahua network, you can contribute to enhancing its security and potentially receive staking rewards that can reach up to 21% annually.
Build on the Chain : Chihuahua represents a worldwide community dedicated to fostering inventive tools and dApps. Our open and unrestricted approach ensures that anyone can readily launch their projects without the need for prior authorization. Additionally, we offer some of the most cost-effective transaction fees within the ecosystem, establishing us as a budget-friendly and easily accessible platform for developers.
What a community owned memecoin should look like.
Chihuahua belongs to the category of dog-themed cryptocurrencies, positioning it as a direct contender with Dogecoin and Shiba Inu, two highly renowned projects. However, HUAHUA possesses certain advantages that could potentially catch its competitors off guard.
In contrast to Dogecoin and Shiba Inu, HUAHUA offers Governance functionality, an Annual Percentage Rate (APR) of approximately 400%, a Community pool, and features related to airdrops.
To stay in line with current market trends, Chihuahua has recently unveiled a strategic partnership with Passage3D, marking their entry into the Metaverse. Chihuahua’s plan includes granting access to its Metaverse through its Metahuahua NFT collection, with further details to be disclosed in the near future.
Despite being a relatively new project in the crypto space, Chihuahua has garnered remarkable community engagement: it boasts a Twitter following of over 21,000, with an active Discord community of 2,375 members, including more than 500 active participants throughout the day. The project is steadily expanding its presence on other social media platforms such as Reddit and Telegram, and regularly utilizes Medium to convey important updates to its members.
Provalidator will continue support on the Chihuahua, please stay tuned for more of our announcements. Thank you!
About Provalidator
Provalidator is a professional Proof-of-Stake blockchain validator and decentralized infrastructure provider. We offer enterprise-level validation services to more than 30+ blockchain networks, safeguarding over $250 million (as of December 2022) in digital assets through our robust infrastructure. Our team has been operating validator nodes since 2018 starting with the Cosmos Hub, and is currently one of the most prominent validators in the Cosmos ecosystem.
At the heart of our operations is validator service, which are specialized servers or nodes in a blockchain network tasked with proposing, authenticating transactions, and incorporating new blocks into the blockchain. Our dedicated team is on standby around the clock, ensuring swift responses to any validator node concerns. We’ve implemented multi-layered security and monitoring systems to safeguard our infrastructure and prioritize interests of our delegators.
Our mission is to support blockchain infrastructure.
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Contact: business@provalidator.com
