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In the cryptocurrency market, many people look forward to making a profit through speculative trading. However, HumaFinance is demonstrating a completely different business model by creating value and revenue through providing actual services.
The HUMA token of HumaFinance is not reliant on market speculation, but is supported by actual financial services provided by the platform. For example, when users in Kenya use the platform for remittances, a portion of the transaction fees is used to buy back HUMA tokens. Similarly, when merchants in the Philippines borrow through the platform to purchase inventory, their repayments also contribute to the buyback of HUMA. This model ensures a direct link between the token's value and the actual usage rate of the platform.
The operational transparency of HumaFinance is also commendable. The platform's daily transaction data, including the number of remittances and loans as well as the corresponding fees, is publicly available on the blockchain. This transparency allows investors to clearly understand the value support of the HUMA token.
More importantly, HumaFinance is providing practical and beneficial services for users in developing countries. In India, the platform has significantly reduced the cost of labor remittances. In Bangladesh, farmers are able to obtain loans to purchase seeds at rates far below those of usury. These services not only improve the lives of users but also enhance the platform's user stickiness.
HumaFinance is currently operating in 12 countries with a bad debt rate of only 0.3%, a figure that proves the reliability of its services and the willingness of users to repay. This virtuous cycle not only ensures the platform's continued profitability but also provides stable value support for the HUMA token.
The success of HumaFinance indicates that true value in the cryptocurrency space comes from providing meaningful services rather than simply relying on market speculation. By focusing on solving real problems and meeting user needs, HumaFinance is redefining the success model of cryptocurrency projects.