What is HaggleX?

HaggleX was founded in January 2020 by a group of young Nigerian Crypto enthusiasts.

It is located in Nigeria at 101 Afolabi Olusegun, off Herbert Macaulay Drive, Yaba, Lagos.

HaggleX is a cryptocurrency and blockchain platform – It aims to be a one-stop shop offering a wide variety of blockchain-related services to users.

With over 15 countries supported, Hagglex wants to bring its blockchain-based solution to boost the widespread adoption of crypto assets, especially in Africa.

It has a beginner-friendly mobile app that allows users to interact with blockchain assets.

Hagglex intends to be the first platform based in Africa that will offer DeFi based services to users.

While it intends to do so, it currently (April 2021) enables users to seamlessly HODL and save their crypto-assets safely.

This platform has also launched its own cryptocurrency dubbed HAG token.

HAG Token Explained

HAG is a BEP-20 token built on the Binance Smart Chain network.

It is the native token that will power all the activities performed on Hagglex.

Its functionalities include being used as a customer reward token and as gas to reduce fees on the platform.

HAG will also serve as the fuel to HaggleX DeFi lending and borrowing service in the future.

The token has a total supply of 10 million HAGs, and 1,000,000 HAGs are already in circulation.

However, these 1million HAGs were only released for “ICO” and “Project Development” of HaggleX.

The remaining HAGs from the ICO sales will be burned completely from circulation.

HaggleX has concluded this ICO on the 15th of April 2021 but information regarding the performance of the ICO was not revealed.

Furthermore, the HAG token currently has an inflation rate of 0.0016%.

However, it will undergo a series of burns each quarter until it attains an inflation rate of 1%.

The HAG coin has been listed on the following crypto exchanges;

• Indoex
• PancakeSwap
• Nomics

As of April 2021, HAG is not yet supported on HaggleX. It is not also listed on Coinmarketcap.

Fees on HaggleX

There are two notable fees charged on HaggleX;

• Internal Transfer Fee
• External Transfer Fee

Internal Transfer Fee

Hagglex charges $1 for every internal transfer performed more than three (3) times a day.

This fee is charged when you send your crypto from your HaggleX wallet to another HaggleX wallet.

External Transfer fee

There is no specified fee for this transfer. HaggleX calculates this fee together with your network fee.

Note that you will find this fee displayed on your screen whenever you want to send crypto from your HaggleX wallet to a non-HaggleX wallet.

Reference: https://www.nigeriabitcoincommunity.com/hagglex/