Neighbourhoods (NHT) is a cryptocurrency that operates on the Ethereum and Polygon blockchains. It serves as the native token for the Neighbourhoods Bazaar, a web3 framework that enables communities to design and select custom cultural patterns using Holochain. The token facilitates staking, crowdfunding, and settlement mechanisms, allowing communities to share app development costs, participate in the creative process, and track contributions to software held in common.
The Neighbourhoods Token (NHT) is the native token of the Neighbourhoods Bazaar, a web3 framework for groupware and socials that helps communities design and select custom cultural patterns using Holochain. NHT serves as the on-ramp into, and out of, the low-code marketplace that communities use to build their micro-networks. It enables communities to share app development costs, participate meaningfully in the creative process, and track contributions to software held in common.
NHT is used for several purposes:
- Staking: NHT is a staking mechanism, allowing holders to participate in the validation process and earn rewards.
- Crowdfunding: NHT is used for crowdfunding new features and apps within the Neighbourhoods ecosystem, allowing communities to request and fund development projects.
- Settlement: NHT is used as a settlement mechanism for transactions within the Neighbourhoods Bazaar.
- Governance: Holding NHT confers governance rights to the treasury management, allowing holders to participate in decision-making processes.
- No-fee transactions: NHT enables no-fee transactions, making it a cost-effective option for users.
Overall, NHT is a crucial component of the Neighbourhoods ecosystem, facilitating the creation and management of micro-networks and enabling communities to build and customize their social spaces.
To store Neighbourhoods (NHT) tokens securely, it is recommended to use a cold wallet, which is an offline wallet. This type of wallet is not connected to the internet and thus provides the highest level of protection against potential hacking or unauthorized access. There are two main types of cold wallets: hardware wallets and paper wallets. Hardware wallets are physical devices that store your private keys, while paper wallets are physical documents containing your public and private keys. Both options are considered highly secure for storing cryptocurrencies like Neighbourhoods (NHT).
To buy Neighbourhoods (NHT) tokens, follow these steps:
Find a Decentralized Exchange (DEX): Look for DEXs where Neighbourhoods (NHT) is listed. Popular options include Uniswap and SushiSwap.
Create and Set Up a DeFi Wallet: Use a wallet like MetaMask to store and manage your NHT tokens. Ensure it is compatible with the blockchain where NHT is listed, such as Ethereum or Polygon.
Fund Your Wallet: Add funds to your wallet using popular currencies like USDT or ETH. This will be used to purchase NHT tokens.
Add NHT Token to Your Wallet: Import the NHT token contract address into your wallet to enable transactions.
Buy NHT on the DEX: Use your wallet to connect to the DEX and swap your funds for NHT tokens. Verify the contract address and review the transaction details before confirming the purchase.
Monitor and Manage Your Tokens: Keep track of your NHT tokens in your wallet and be mindful of market fluctuations. You can also use your tokens for various activities within the Neighbourhoods ecosystem, such as staking, crowdfunding, and governance.
Remember to start with small transactions and gradually increase as you become more comfortable with the process, as large trades can impact market liquidity.