Introduction

Hoard is a design-driven blockchain-based fintech company that seeks to dramatically improve decentralized financial services and the cryptocurrency experience. Hoard simplifies decentralized finance and enables trustless interoperability across blockchains. The OAR token (“OAR” hereafter) is a license to transact instantaneously and off-chain, serving users with a utility that provides liquidity for instant and automated coin consolidation, including an embedded reputation system. The Hoard ecosystem (“Hoard” hereafter) is a set of financial tools built to make cryptocurrency investing, trading, payments and storage simple, accessible, and consumable by everyone.

Hoard Features

Cryptocurrency investing just got a whole lot more interesting. User-friendly, enjoyable investing is why users come to Hoard — World-class security is why they bank on Hoard.

THE PROBLEM AND HOARD’S VISION TO CREATE A BETTER EXPERIENCE

Digital and financial services experiences are fragmented and challenging. What do we mean? Consider this:

Complex cryptocurrency apps stifle consumer adoption. Blockchain incompatibility makes cryptocurrency transactions complicated. Financial management through traditional banking is often slow and centralized, focusing on the processes rather than the customers and their experiences.

It’s time for a people-focused solution. Hoard is the cryptocurrency app you can bank on.

BACKGROUND

We stand for simplicity, scalability, and integrity. Blockchains provide an immutable infrastructure for finance in addition to many other sectors. Blockchain technology is decentralized, trustless, and does not require a central authority. This new technology, coupled with a growing financial sector, affords the freedom to anyone, anywhere, to take control of one’s finances. However, this comes with responsibilities that most are not accustomed to.

We’re solving this with the Smaug Protocol, a trustless mechanism for the instant, off-chain transactions.

INTRODUCTION TO THE SMAUG PROTOCOL

The purpose of the Smaug protocol is to facilitate:

instant trustless payments across any currency or smart contract based blockchain. instantly and automatically swap holdings at transaction versus manual coin consolidation. decouple reliance on any specific chain, foundation or exchange.

So mission HOARD is to simplify and improve cryptocurrency commerce. Everyone is familiar with the lackluster experience when a coffee shop chooses to accept bitcoin: while your coffee takes a few minutes to prepare, it can take over an hour for your bitcoin transaction to be safely validated.

Current solutions convert cryptocurrency to fiat through centralized services like Visa & Mastercard on the customer’s behalf at the point of sale. Hoard’s solution focuses solely on cryptocurrency. We remove the need for centralized parties to confirm transactions or rely on fiat currencies.

By providing an instant and trustless mechanism for value exchange, the Smaug protocol enables:

instant trustless payments across any cryptocurrency or smart-contract-based blockchain so end users and businesses can transact with each other without waiting for block times of any one specific blockchain. instantly swapping holdings at the transaction, as opposed to manual coin consolidation. This empowers end users to invest, hold, and interact with any cryptocurrency they prefer. the ability to transact efficiently without relying on any specific chain, foundation, or centralized service. This is what cryptocurrency was founded on.

SMAUG NETWORK FEATURES

Oracles and Masternodes

The Hoard ecosystem requires public, trustless, and transparent auditing of cross-chain balances and transactions. To this end, Hoard will provide oracles to examine the blockchains of various tokens and report information to the smart contracts platform that Hoard is deployed on. The Hoard master nodes will also provide direct smart contract and off-chain capabilities similar to lightning and Raiden networks. The Masternodes will require a specific amount of OAR tokens held in a specialized escrow contract. Consensus on Oracle data and transaction validity will be achieved by a vote of node owners. The escrowed OAR tokens required to run master nodes will be seized in cases where master nodes maliciously report inaccurate data.

Cross-chain Balance Verification

The Hoard ecosystem will also work with non-Hoard-affiliated products and services, such as wallets, exchanges, ICO platforms, and more. To this end, Hoard will be providing oracle nodes for supported smart contract platforms that will enable Hoard smart contracts to have accurate and timely information on the state of various blockchains, transactions, and user balances. Utilizing private key signed messages, Hoard master nodes will be able to verify the existence of holdings on supported blockchains. This work will at first be done off-chain and verified through consensus of the master nodes.

The OAR Token

OAR is bonded as a license to accelerate transactions via the Smaug network. OAR can be staked on an individual basis to accelerate peer-to-peer transactions and enable microtransactions currently too expensive to create on-chain. OAR can be used to accelerate the conversion of fiat-to-crypto when buying cryptocurrency and crypto-to-fiat when cashing out or as a daily settlement mechanism for merchants.

Token Economics

OAR is intrinsically beneficial to holders of any currency; thus the need to build out our own exchange and multi-currency wallet The more OAR one has coupled with its value, the greater the ability to transact instantly.

Crowdfunding the Project

OAR must be distributed to the Hoard economy to power the Smaug network and guarantee Smaug protocol settlements. Hoard will be conducting an investor presale to build the necessary reserves to complete our regulatory compliance requirements for a US-based MSB business for money transmission, to obtain a Bitlicense in NY, and legally file in all 50 States. Hoard will also open up a token distribution round to the public. This will be the second and final round of crowdfunding necessary to distribute OAR to those wanting to participate in the Hoard economy.

So Hoard developing a decentralized multi-currency wallet, intelligent fiat-based cryptocurrency exchange, and a 2nd layer cross-chain payments protocol for everyday use.

Cryptocurrency + Interoperability = Simplicity

We’re reshaping the utility value for all cryptocurrencies to accelerate transactions across blockchains, consumers, and merchants.

Smaug Protocol Enterprise-class 2nd layer cross-chain exchange engine to facilitate instant and atomic transactions. Active Oracle Multi-chain explorer monitoring real-time on-chain transactions and balances for Masternodes. Hoard Node Master node network providing adjudication, verification, and governance across channels.

One platform to rule them all, Hoard’s consumer-facing product stack makes it incredibly easy to buy, sell, trade, swap, send, receive, spend, and store cryptocurrency all from one app.

Decentralized Wallet A modern multi-currency wallet that connects you to the Hoard platform and helps you safely and securely manage your cryptocurrency in one location. Instant Payments Make instant payments to anyone including merchants, using any cryptocurrency you hold and the recipient receives as the cryptocurrency they prefer, even fiat, at the time of the transaction. Automated Investing Begin investing, growing, and easily managing your portfolio on autopilot with Hoard’s rule-based investing tools that run in the background. Simplified Trading A modern mobile-first ai-enabled exchange for the trading cryptocurrency. Powerful Portfolios Cross-platform portfolio tracking capable of displaying your financial data from cash, credit, stock and cryptocurrency across multiple accounts in a single dashboard view. Dedicated Support Fanatical support teams available by phone, email, and chat support channels 24 hours a day, 7 days a week.

PARTNERSHIPS

For banks & exchanges, With the Smaug Network, bank and exchange partners can send transactions between platforms and Hoard customers privately, securely and instantly.

PAYMENTS

For merchants, take your business to the next level by enabling your customers to pay with any cryptocurrency they hold and bypass high fees from card processors.

“This article was created in exchange for a potential token reward through Bounty0x.”

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