Honest (HNST) describes itself as the utility token that powers Honest Mining, a cryptostaking-as-a-service platform. With HNST users will be able to join masternodes, obtain discounts. and other benefits. HNST started out as an ERC-20 token, and has since transitioned to a BEP-2 token. Only 400 millions HNST TOKEN will ever be generated & circulated.
According to the team, Honest Mining has 3 services:
- Regular Shared Masternode: multiple users can combine their coins to meet the required collateral amount for a single masternode (launched in May 2019)
- Instant Shared Masternode: any user can instantly join a running Masternode by the platform (launched in March 2019)
- Full Masternode: a user runs a masternode (2019 Roadmap)
The approximate return on investment if purchased at the time of launch (or earliest known price)