Highstreet tokenHIGH

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FAQ About HIGH

• What Is HIGH (Highstreet)?

  HIGH Token (Highstreet) is the native cryptocurrency powering a decentralized, commerce-centric play-to-earn metaverse with full virtual reality (VR) support. Highstreet (HIGH) bridges the gap between the physical and virtual worlds, creating a unique marketplace where in-game items can be redeemed for real-world products. In this immersive metaverse, users can explore, battle monsters, and complete quests, all while acquiring goods that hold both digital and tangible value.
  Highstreet aims to redefine the future of retail by offering a seamless, secure, and entertaining shopping experience within its virtual environment. The platform supports two tokens: HIGH and STREET. While HIGH serves as the governance token, allowing players to vote on key decisions, stake for profits, and purchase products on the marketplace, STREET functions as the primary in-game currency. Players use STREET to buy essential items like armor, weapons, travel tickets, and even hotel stays within the metaverse.
  Property owners in the metaverse pay taxes in HIGH, and the token can also be earned by participating in special events. According to official sources, HIGH Token first launched in October 2021. As of November 2021, the game was in private alpha testing, with public beta testing expected by the end of the year. The Highstreet marketplace is already accessible to users via browser.
  For those interested in trading, HIGH USDT pairs offer a straightforward way to engage with Highstreet’s evolving ecosystem, blending the lines between digital assets and real-world commerce.

• How to buy HIGH

  To buy HIGH, you can follow these general steps:
  
  1. Choose a cryptocurrency exchange and Create an Account
  Start by selecting a reputable and reliable cryptocurrency platform that supports HIGH trading. You can also buy HIGH here on Toobit. Sign up.
  
  2. Complete Verification (Not Mandatory):
  Read our How to Complete Identification on Toobit guide for more information.
  
  3. Deposit Funds:
  Deposit funds into your Toobit account. This could be done via credit/debit cards, or your crypto wallet.
  
  4. Navigate to HIGH:
  Once your account is funded, navigate to the Markets section of the platform.
  
  5. Buy HIGH:
  Locate HIGH in the list of available cryptocurrencies.
  Place a buy order. Read our How to Buy Crypto on Toobit guide for more information.

• How to Sell HIGH?

  You can sell HIGH to USDT here on Toobit. Read our guide on How to Trade Spot on Toobit for more information.

• What is HIGH price Now?

  Are you looking for HIGH Price? Live HIGH price is updated in real-time on Toobit.

• How to Withdraw HIGH on Toobit?

  You can withdraw HIGH and other crypto tokens into USDT here on Toobit. Read our How to Withdraw Crypto on Toobit guide for more information.

• Who Are the Founders of Highstreet?

  Highstreet (HIGH) originated from a rebranding of LumiereVR, a company established in 2015 that initially focused on enhancing the retail experience through virtual reality (VR) technology. The transition from LumiereVR to Highstreet marked a significant pivot toward creating a decentralized, commerce-focused metaverse. The co-founders, Travis Wu and Jenny Guo, brought together their diverse expertise in VR, blockchain, and creative arts to lead this transformation.
  Travis Wu is a seasoned software developer and blockchain enthusiast with a strong foundation in virtual reality. His educational background includes studies in entrepreneurship at Draper University in San Mateo, California, and computer science at Queen's University in Ontario, Canada. Wu’s passion for emerging technologies and decentralized systems has been instrumental in shaping Highstreet’s vision of blending physical and virtual retail.
  Jenny Guo is an award-winning VR film producer, art collector, and successful entrepreneur with a rich background in electronic art and political studies from Bard College in Annandale-on-Hudson, New York. She further honed her skills in creative producing at Columbia University in New York. Guo’s extensive experience in art dealing between China and the United States, combined with her creative expertise, has been pivotal in shaping Highstreet’s unique approach to integrating art, commerce, and VR within the metaverse.
  Together, Travis Wu and Jenny Guo have redefined Highstreet (HIGH) as a pioneering force in the decentralized metaverse, where digital assets, immersive experiences, and real-world commerce converge.

• How does Highstreet work?

  Highstreet is an innovative play-to-earn metaverse that allows users to immerse themselves in a dynamic virtual world where they can explore, battle monsters, and complete quests. The platform features a dual-token economy, utilizing both HIGH and STREET tokens to create a seamless and engaging experience for its users.
  HIGH Token (Highstreet) is the platform's governance token, empowering users to vote on major decisions that shape the future of the metaverse. Additionally, HIGH can be staked for potential returns and used to purchase exclusive products within the Highstreet marketplace. This governance-heavy token plays a crucial role in maintaining the decentralized nature of the platform, giving the community a voice in key decisions.
  STREET Token serves as the primary in-game currency, facilitating all commerce within the Highstreet metaverse. Users can earn STREET by completing various tasks and challenges, such as quests and monster battles. STREET can be used to purchase in-game items, such as armor, weapons, and other essentials that enhance the gameplay experience.
  Highstreet also leverages bonding curves to provide liquidity for products and enable automated price discovery for sellers. This unique mechanism ensures that buyers can access products at fair market prices while sellers benefit from a transparent and efficient pricing model.
  Highstreet’s dual-token economy, combined with its innovative use of bonding curves, positions it as a leading player in the decentralized metaverse space, offering users a rich and rewarding play-to-earn experience.

• What are the potential use cases for Highstreet?

  Highstreet merges the realms of gaming and shopping, offering a unique online retail experience that bridges the physical and digital worlds. The platform introduces ""phygital"" products, which are physical items linked to digital tokens. This innovative approach provides users with the ability to utilize these items within the Highstreet metaverse while also receiving the corresponding physical product in real life.
  By incorporating phygital products, Highstreet enhances user engagement and utility, blending virtual experiences with tangible benefits. This dual-functionality allows users to enjoy their purchases both within the metaverse and in the physical world, creating a seamless connection between the two environments.
  Highstreet also serves as a vital platform for brands seeking to establish a presence in the virtual world. Through its metaverse, brands can engage with consumers in new and interactive ways, expanding their reach and visibility in an emerging digital space.
  Moreover, Highstreet’s governance model empowers users to participate in key decision-making processes, fostering a strong sense of community and ownership. This participatory approach ensures that users have a stake in the development and direction of the platform, enhancing their overall experience and investment in the Highstreet ecosystem.
  In summary, Highstreet's innovative blend of gaming and shopping, along with its focus on phygital products and brand engagement, positions it as a trailblazer in the evolving landscape of online retail and metaverse interaction.

• What is the history of Highstreet?

  Highstreet, originally founded as LumiereVR in 2015, has evolved from its roots as a computer vision company into a pioneering force in the metaverse. The rebranding to Highstreet marks a significant shift towards integrating gaming with online shopping.
  Co-founders Travis Wu and Jenny Guo bring extensive expertise to Highstreet, with backgrounds in software development, blockchain technology, and virtual reality (VR). Their combined experience is pivotal in driving Highstreet’s innovative approach to the metaverse.
  The Highstreet token (HIGH) made its debut in October 2021. Since its launch, the platform has transitioned from private alpha testing to the ongoing public beta phase, reflecting its commitment to refining its offerings and expanding its user base.
  Highstreet’s unique blend of gaming and shopping positions it as a significant player in the evolving metaverse space, offering users a novel way to engage with both digital and physical products.

• High Price Prediction Indicators

  Moving averages are key tools for forecasting the price of Highstreet (HIGH). These indicators calculate the average closing price of HIGH over a specified time period, providing insights into market trends and potential future movements. For instance, a 12-day simple moving average (SMA) for HIGH is determined by summing the closing prices over the past 12 days and dividing by 12.
  Exponential moving averages (EMA) are another popular method. Unlike the SMA, the EMA gives more weight to recent prices, making it more responsive to recent market changes and price action.
  Commonly used moving averages include the 50-day, 100-day, and 200-day averages. These indicators help traders identify key support and resistance levels in the HIGH market. Generally, if the HIGH price crosses above these moving averages, it is considered a bullish signal, suggesting potential upward momentum. Conversely, if the price falls below these averages, it may indicate market weakness.
  In addition to moving averages, traders often use the Relative Strength Index (RSI) and Fibonacci retracement levels to analyze the future direction of HIGH's price. These tools assist in evaluating overbought or oversold conditions and identifying potential reversal points in the market.
  By leveraging these technical indicators, traders can better navigate the volatility of the HIGH market and make more informed investment decisions.

• How to read High charts and predict price movements?

  Candlestick charts are essential tools for traders as they offer more detailed information compared to simple line charts. These charts display Highstreet's (HIGH) price action with varying levels of granularity. For example, traders might use a 5-minute candlestick chart for precise short-term trading or a weekly candlestick chart to analyze long-term trends. Commonly used time frames include 1-hour, 4-hour, and 1-day candlestick charts.
  A 1-hour candlestick chart illustrates how candlesticks can reveal critical information about HIGH's price movements over each hour. Each candlestick on this chart represents a 1-hour period and shows four key data points: the opening price, closing price, highest price, and lowest price for that hour.
  Color coding in candlestick charts is also important. A green candlestick indicates that the closing price was higher than the opening price, suggesting bullish movement. Conversely, a red candlestick signifies that the closing price was lower than the opening price, indicating bearish movement. Some charts use hollow and filled candlestick bodies instead of color to convey the same information.
  By utilizing candlestick charts, traders can gain valuable insights into the market dynamics of HIGH, enabling more informed trading decisions and strategies.

• What affects the price of High?

  The price action of Highstreet (HIGH), like any cryptocurrency, is primarily driven by supply and demand. These dynamics are affected by a range of fundamental events, including block reward halvings, hard forks, and new protocol updates. Additionally, regulations, adoption by businesses and governments, cryptocurrency exchange security breaches, and other significant real-world events can impact the price of HIGH. Consequently, the market capitalization of Highstreet can experience substantial fluctuations in a short time frame.
  For accurate Highstreet price forecasts, traders closely monitor the activities of HIGH “whales”, which are entities or individuals that hold large quantities of HIGH. Given that the Highstreet market is relatively smaller compared to traditional financial markets, these whales can exert significant influence on the price movements of HIGH. Tracking whale activity can provide insights into potential price trends and market shifts for Highstreet.