What is Highstreet?
Highstreet is a metaverse platform that allows users to interact with virtual spaces, earn rewards, and redeem earnings for physical and digital assets. The platform aims to create a new outlook on e-commerce and retail trade by fusing physical and digital spaces. Besides, Highstreet has built-in compatibility with virtual reality (VR), so users can immerse themselves in virtual spaces using VR headsets.
One of the main goals of Highstreet was to integrate blockchain technology and virtual reality to revamp retail activities. Say you want to order clothing online – you can enter the Highstreet metaverse, visit a virtual clothing store and try out the attire to see if it fits. Then you will purchase the item as an NFT and later have it delivered to you physically.
Highstreet’s virtual space is gamified, and each adventure aims to captivate and entertain users. This means that exploring the Highstreet metaverse involves role-playing to complete quests or edge out others in battles to earn rewards. Thus, by interacting and exploring the metaverse on Highstreet, users earn rewards ranging from tokens to NFTs, and everything in between with digital or real-world utility.
HIGH is the native governance token of Highstreet. If you want to see the current HIGH price, you can check the Highstreet price chart above. However, the protocol also has another token called STREET, which is used to facilitate transactions within the network.
The Story of Highstreet
Previously known as LimuereVR, Highstreet was founded in 2015. The founders of the project are Travis Wu and Jenny Guo. Both Wu and Guo have in-depth experience in blockchain and VR. Wu, an entrepreneurship and computer science graduate, has worked as a software developer on various blockchain projects. Guo, who studied electronic art, brings her experience in VR film production to the Highstreet team.
What Can You Do With Highstreet Tokens?
As mentioned before, HIGH is a governance token, thus, it allows holders to vote on proposals that determine the protocol’s future. Besides that, users can stake their tokens to earn interest in return.
HIGH tokens can either be bought or earned. The easiest way to earn some HIGH tokens is by participating in the metaverse's special events. Besides that, virtual property owners on the Highstreet metaverse earn Highstreet tokens when they rent out the spaces they own.
However, if you're planning to buy Highstreet coins, you can check the current HIGH price on the aforementioned Highstreet price chart.
Highstreet Tokenomics
The HIGH token supply is capped at 100 million. It is limited in order to keep the HIGH token deflationary. This mechanism essentially regulates the fluctuation of the HIGH price and induces demand for the tokens.
During the launch, the protocol distributed 30% of HIGH to investors, while the team got 10% of the supply. Another 1% was distributed through an airdrop, while 5% was utilized for launching the Highstreet DEX.
