HAWALA.TODAY

Published in

ROAD TO CRYPTO WORLD

4 min readJan 22, 2018

What is Hawala.Today?

It is a ERC20 token based on ethereum network. Ethereum network is a decentralized net work based on blockchain technology. There are no owners / named admins for decentralized networks. ethereum network getting more popular day by day because of low transaction fees and high speed transactions comparing with bitcoin.

‘ERC’ stands for “Ethereum Request for Comments”. This is an official protocol for proposing improvements to the Ethereum network. Then what is 20? ‘20’ is the unique proposal ID number.

‘ERC20’ is a standard that tokens on the Ethereum network can meet, and tokens that check all the necessary boxes are called ‘ERC20 Tokens’. These tokens are blockchain assets that have value, and can be sent and received, like Bitcoin, Ethereum,Monero or any other cryptocurrency

what is the difference of Hawala.Today and other ERC20 tokens?

ITS EASY & SIMPLE……..!

There are few projects based on a fiat-crypto currency exchange model. But unlike others Hawala.Today does not need much complicated knowledge about networks and ect. Its simple as taking a call from your mobile phone.

You can exchange your cryptocurrencies in to fiat currency directly without any intermediaries.so you can do it with super speed and with out any fees.this project is based on ETH network so you have to pay only gas fees.

This is a nice comparison of your famous exchanges and Hawala.today

Hawala token-

The Hawala Token (symbol — HAT) stands as the core of the Hawala ecosystem. It is the prime enabler of crypto-fiat exchanges and also the functional token of transactions on thenHawala.Today application.

Hawala tokens work as a key for payment feature of Hawala platform specially dealing with fiat currencies,it also use to features such as staking, support the IFS model and rewards system. the AMS pools also admit investors based on their Hawala token(HAT) holdings.

There will only ever be 7,000,000 HAT. Funds are going to distribute as follows

Hawala.today (HAT) already listed on major exchanges and pending some more.you can buy/trade Hawala.today from following exchanges at this moment.

Kucoin
Idex
Stocks exchange

Hawala.today application and wallet

Hawala introduced a wallet. It designed as a wallet and as well as an exchange. its real time P2P exchange you can manage your all assets in an easy way with in Hawala wallet including fiat money. You can create contracts, track currencies, interact with the community, vote on polls and well as getting regular community updates. wallet can connect to your bank account or credit card .with a crypto-fiat enabler wallet support for local bank accounts and other local payment methods. so you can pay your electricity/telephone bills and ect directly via hawala.today wallet.

Currently application is at alpha phase. it is currently being developed for following platforms

1.Windows Microsoft WPF Win64 Application

2.IOS | Native Build (Objective C)

3.Android | Android API 2.0+ native Java

Cash cards

Its a concept like prepaid mobile top-up cards.You can buy cash cards for different values .Once you purchased you have to enter code in to Hawala app and you can buy cryptocurrency from fiat currency with in very short period like less than 1 minute by using this cash cards. If you are dealing with more than 600 USD you should have to be verified in compliance with AML and KYC regulatory stands. according to road map cash card will be available in few specific countries I Q2 2018 and planed to distribute it globally with in next few years.