HetaChain is a blockchain platform for the smart economy invested by Relam Investment LLC, an international investment company headquartered in Dubai. The HetaChain ecosystem consists of HETA coin, HETA wallets, smart contracts, HETA app store, and blockchain feature-enablers that enhance its applicability and make it the most revolutionary technology in its class. HetaChain is incorporated in the Cayman Islands with corporate, operations, and technical teams based out of their offices in the Cayman Islands.
HETA an internal crypto-currency to use inside MainChain. HETA is used by Enterprise/user to pay "usage fee”.
When a user creates a transaction to exchange their coins or token made by Heta, he must pay a pre-defined amount of HetaCoin. This mandatory fee is what makes HetaCoin has real value to the system. It also prevents merchants to flood the network with unlimited microtransactions.
When a user participates in the consensus/validation process of a PrivateChain or MainChain, he should be rewarded with a certain amount of HETA. This is also called Endorsing Reward. The rate of consensus reward should depend on how much effort the participant spends in the process.