eHAKU Token’s Utility & Purpose

$eHAKU is non-transferable and its utility is focused on staking for a variety of benefits.

• $HAKU can be redeemed for $eHAKU instantly at a 1:1 ratio

• $eHAKU can be redeemed for $HAKU and other token of dApp like $SING with varying rates and waiting periods which is explained in more detail in The Redemption Process.

• $eHAKU is used to reward HAKU node operators and provide operators with a variety of benefits.