What is HBAR?
HBAR is Hedera Hashgraph's native token, and its function can be divided into two main use cases:
Power all services that run on the platform, such as smart contracts, financial transactions and file storage. To use applications and transact on Hedera, users need to pay fees in HBAR;
Secure the network as part of Hedera's Proof of Stake (PoS) mechanism.
According to the project, HBAR holders will be allowed to stake their tokens in the future to maintain the platform's security, through a process called “proxy staking” yet to be implemented.
There are 50 billion units of HBAR, making this its total supply. The report on the new waves of token release can be followed on the project's website.
