How Safeth’s tokens and Safeth Cash work in the context of renting for hbars while maintaining ownership.
https://miro.medium.com/v2/resize:fit:1400/format:webp/1*n_LKQdSbPnfVqhHP7pqRYw.jpegRenting Safeth Tokens and Safeth Cash:**
In the Safeth ecosystem, users have the option to rent Safeth Tokens and Safeth Cash using their hbars. This is a unique feature that allows users to access and utilize these digital assets without needing to outright purchase them. Let's break down the process:
1. **User's Perspective:** Imagine you're a user in the Safeth ecosystem, and you want to use Safeth Tokens or Safeth Cash for various activities like shopping, staking, or taking advantage of 0% interest loans.
2. **Renting Option:** Instead of buying Safeth Tokens or Safeth Cash, you decide to rent them. This means you temporarily acquire and use these assets for your chosen activities.
3. **Hbars as Collateral:** To rent Safeth Tokens or Safeth Cash, you need to provide hbars as collateral. These hbars remain your property and are held securely in the contract throughout the rental period.
4. **Usage Fees:** While using Safeth Tokens and Safeth Cash, you may incur small fees for the functions and services you access within the Safeth SR Layer 2 dapp. These fees help support and maintain the ecosystem.
5. **Flexibility:** One of the key benefits is flexibility. You're not tied to long-term ownership of Safeth Tokens or Safeth Cash. You can rent them for the duration you need and return them when you're done.
**Ownership Retained:**
Crucially, the ownership of your hbars remains entirely yours. Safeth does not take ownership of your hbars at any point. They are held in the contract solely as collateral while you rent Safeth Tokens or Safeth Cash. This setup ensures that your financial assets are secure and protected throughout the process.
This model provides users with the best of both worlds: access to valuable digital assets without the burden of outright ownership and the ability to retain ownership of their hbars while they are used as collateral. It's a user-centric approach that prioritizes financial empowerment and flexibility.
By allowing users to rent Safeth Tokens and Safeth Cash with their hbars while retaining ownership, Safeth has created a system that encourages participation and utility within the Safeth ecosystem, all while safeguarding users' assets and interests.
How Safeth’s tokens and Safeth Cash work in the context of renting for hbars while maintaining…
https://medium.com/coinmonks/how-safeths-tokens-and-safeth-cash-work-in-the-context-of-renting-for-hbars-while-maintaining-ca3355c37b79