HGS is the acronym for Hawthorn Guardian System Hawthorn Guardian Platform. It is a token used by the Hawthorn Mutual Chain Platform initiated and operated by the Hawthorn Foundation in Singapore. HGS aims to build a community mutual aid ecosystem based on blockchain communities and supported by blockchain technology through mutual insurance. HGS has established an insurance ecosystem belonging to Guardian through the use of points tokens, in conjunction with the mutual protection contract market and global insurance supermarkets. In this system, there are multi-currency wallets, smart contracts, distributed ledgers, and a mutually guaranteed contract market with multi-party assistance, joint supervision, and mutual benefit. Holders of HGS can redeem points (DT) from partner insurance stores by locking the HGS in their wallets, and use the points (DT) to purchase insurance products from global insurance stores. At the same time, holders of HGS can also lock the circulating HGS in their wallets, apply to become insurance business agents for cooperative institutions, sell insurance products, and receive sales fees.
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