Hydrogen icon Hydrogen (HYDRO)
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Overview of Hydrogen

As it has been the case, an exchange cannot function without enough liquidity. Liquidity is a metric that measures market activity and makes it possible for users to trade coins at any time and HOT, Hydro Protocol native token come to aid for new DEXs. HOT is an ERC-20 token and there are 1.56 billion tokens in total.

By providing this necessary liquidity, HOT incentivizes market makers or liquidity providers. Market makers often have a list of different digital assets that they avail to traders and they make money by charging a spread. Spread is possible because all of these market makers trade against these traders buying low and selling high and vice versa.

There is a reward scheme in place. For market makers to qualify, they must hold HOT tokens to be eligible for HOT distribution. The more they hold the coins, the higher the frequency of incentivization. Remember, this is besides the spread these market markers charge and the number of completed transactions under their belt.

HOT have three main uses: pool membership into the existing liquidity pools, provide incentives for their users and invite market makers into the system.

HOT is supported by MyEtherWallet (MEW), MetaMask and Parity meaning there is an option to store them at Ledger Nano S and Ledger Blue.