IMPORTANT NOTE : the functioning of Hi Dollars has been modified by the publication of Whitepaper 2.0. I advise you to read this article : Hi Dollars: Whitepaper 2.0, what's changing
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What is Hi Dollars?
Hi Dollars is a new crypto-currency launched a few months ago. It is possible to get it for free every day like other crypto-currencies such as Pi Network or Bee Network. The difference of Hi Dollars is that it is not only intended to become a new crypto-currency. The goal is to replace traditional banks by becoming a virtual bank based on crypto-currencies, not for profit. This bank would then have three advantages:
- higher interest rates (up to 20% according to their site, it is possible to doubt it, but in any case, higher than with a traditional bank)
– no fee
- instantaneous transactions
For now, Hi Dollars works on the Ethereum blockchain, but in the future they want to create their own blockchain.
A solid team at the origin of the project
The team behind Hi Dollars is composed of members with extensive experience in the cryptocurrency world. They also have sufficient funds to believe in their ability to make their project succeed. Notably, two members have held important positions before: Stefan Rüst is the former CEO of bitcoin.com and Sean rach is the former marketing director of crypto.com.
A project in five phases
The first phase is the current phase. It is possible to collect Hi Dollars for free, to sponsor your friends and to buy Hi Dollars.
The second phase includes launching hi on web and mobile, charging interest on owned cryptos, making transactions and accessing benefits like cashback.
The third phase will make it possible to deposit, exchange, send and withdraw traditional currencies, plus the addition of a virtual debit card and the possibility of investing with Hi Dollars.
The fourth phase will mark the launch of noncustodial portfolios. That is, the user has total control. No matter what happens to Hi Dollars, the person retains access to the cryptocurrencies in their wallet and they can continue to transfer them. During this phase, there will also be the launch of the Hi Protocol, their own blockchain.
The fifth phase will allow the Hi ecosystem to expand with the addition of various services such as games, social networking, telecommunication and much more.
How to earn Hi Dollars for free?
Let's finally get to the part that really interests us!
The project being in phase 1 for the moment, it is possible to collect Hi Dollars for free.
The advantage of Hi Dollars is that it doesn't require you to additionally install an app to use it and collect the crypto currency. You can use for the moment WhatsApp, Telegram or their site. Soon it will be possible to use other communication platforms like Messenger. It is also possible, now, to use their application on Android and iOS.
See the article explaining exactly how to register: Hi Dollars: step-by-step registration and KYC
To register, you need a refferal code, here's my link: https://hi.com/Matheo
Enter "Matheo" if you are asked for a code.
To create an account, you only need to enter your phone number, and you have to be over 18. To withdraw or use your balance, you will need to do a KYC (Know Your Client) identity verification. This verification ensures that a person has only one account. It is possible to verify directly after creating your account. Level 1 KYC verification must be validated by August 2022 or all your earnings will be lost. To perform this identity verification, you will be asked to verify your email address, take a picture of yourself and send a picture of an official ID.
To earn free Hi Dollars, you simply claim a daily reward by answering a question like "What is your favorite movie?". By answering the question, you win 1 Hi per day.
As the number of users increases, the number of Hi earned decreases. Initially it was 100/d, once 25,000 users were reached, it dropped to 25/d and so on. Currently, there are 1,132,768 users (as of 20/08/2021).
UPDATE 10/25/21: there are currently 1,562,156 members, an increase of over 400,000 members in just over 2 months.
Update 27/11/21: 1,958,940 members, evolution of the number of members: +400 000 in 1 month.
Update 28/12/21: 2 701 000 members, evolution: + 740 000 in 1 month.
If the daily reward is not enough for you and you want to earn more Hi Dollars, you can refer your friends and win 50% of their earnings. That is, you earn 0.5 Hi per day.
My review of Hi Dollars
Hi Dollars is a promising project that I want to believe in. It has serious arguments. Its founders have the experience to carry it through. The main point is that you have nothing to lose. There is no investment. At worst, you will have lost a few minutes of your life.
I can't guarantee the success of this project, I'm just giving you my opinion. I think that what is proposed is solid. It is also possible to buy Hi Dollars, but I advise you to do only the free part to avoid taking risks.
After reading this article, what do you think? Don't hesitate to tell me in the comments what you think about it.