What is HbarSuite ($HSUITE)?
HbarSuite is a suite of DeFi services built on top of the Hedera Network. The team has developed a technology that could potentially replace smart-contracts in the near future: the Smart-Nodes. In a few words, Smart-Nodes are highly customizable programs, deployed inside virtual images which can be hosted and decentralized through cloud computing environments (ex. Google cloud, Amazon Web Services). Their purpose is to create a decentralized network of services that could leverage the Hedera Layer-1 functionalities, which are much more efficient and cost-effective compared to Ethereum-based environments.
$HSUITE is the Layer-1 Utility Token utilized as gas for the Smart-Nodes and as Governance Token for DAO activities.