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$HRZ Token

Transactions in the ChainRailz distributed supercomputer network ecosystem are facilitated by its stable coin known as HRZ.

HRZ is not pinned to the dollar or any other government issued currency. Instead, HRZ is pinned to one hour of supercompute processing time. At the time of network launch on July 1, 2022, however, 1 HRZ will equal 1 USD. While 1 HRZ will always equal 1 hour of supercompute processing time on the network, its relative value to the dollar or any other government issued currency will fluctuate. HRZ tokens can be purchased through the ChainRailz client dashboard. HRZ tokens are minted at the time of purchase.

ChainRailz maintains a treasury reserve of all revenue collected from clients who purchase supercompute time on the network represented as HRZ tokens. HRZ tokens are 100% backed by revenues collected from these purchases.

When an HRZ token is redeemed by the client/user for supercompute processing time, NFT holders receive their distribution of HRZ first and the balance is returned to the ChainRails treasury to be used to maintain and grow the network and the enterprise with a designated allocation to the ChainRailz DAO to be used a determined by the DAO (expected to be fully functioning in 2025.

HRZ holders who choose not to redeem their HRZ for supercompute hours can redeem their HRZ for the equivalent USD exchanged from the ChainRailz treasury at any time. Once exchanged for USD (or other currency in the future) the HRZ tokens are burned.

Total supply of active, unstaked HRZ will never exceed the number of processing hours available on the supercompute network in a one-month period. It is expected at launch on July 1, 2022, that the network will have no less than 386,000 hours of monthly supercompute available. This will be adjusted as the decentralized distributed network grows.

HRZ tokens can also be staked by holders in 90 day, 180 day and 360 day increments to receive CRZ reward tokens. This feature will be activated within 120 days after the Network Launch.

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