Global available potable water is insufficient to meet the current and future population requirements. Worldwide, more than 2 Billion people – almost 30% of the world’s population – do not have access to sufficient water in order to supply their daily needs. Everyday this number increases and the world urgently requires more potable water in order to address the shortfall.

H2O Securities and the H2ON Token enables a quicker deployment of water infrastructure and solutions through the use of its token strategy and blockchain technology.

The H2O Water Network and H2ON Token strategy is designed to address the problems that prevent rapid scalability and deployment of water infrastructure by broadening the participation of global partners. The H2O Water Network is a closed loop ecosystem where a tokenized currency (H2ON Token) is used as a mechanism to reward participation in the network. It lowers the barriers to deploy more water infrastructure, quicker, globally, and to unlock new sources and approaches to water production.

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MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

MultiversX rewards the community and active participants with EGLD tokens. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators provide services.

EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.

MultiversX was first announced in August 2019, and its mainnet went live in July 2020.

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