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Hector Finance Announces New NFT Collection as its Bitmart Listing Date Nears
Seville, Spain, Mar 10, 2022 - (ACN Newswire) - Hector Finance has announced the New NFT Collection as its Bitmart Listing Date Nears. In 2022, the Hector ecosystem will have a lot to offer, but some of the most important projects include Defi NFTs and Hector Pay, as well as Hector Bank, Hector Swap, Hector Launch, and others. Hector Finance is working on a DeFi game where participants may earn rewards for participating (P2P). The NFTs will be used in the game, which will evolve over time. The game's profits will be utilized to extend not only the game but the entire Hector Ecosystem. After an eventful launch of Hector Bank and the stablecoin TOR, the project has announced its much-awaited NFT collection called Mythos.
The NFT collection honors the Olympian gods in this collection of 16 artworks based on Greek mythology. The collection will have a total of 10,000 animated NFTs, with each artwork featuring five different rarities. The collection includes 16 works of art, each having five distinct rarities. Apart from the amazing animated artworks, the main purpose is to recruit new community members, expand Hector Finance and its ecosystem, support the Fantom network, and benefit our community. As a result, the earnings made in the mint and on the secondary market are inevitably considered when designing this series. Three components will be used to distribute minting earnings: To help finance the project's expansion, the Treasury will get 20% of the mint's profits. 40% of the proceeds will be used to finance development expenditures for the upcoming GameFi Projects. The Fantom Lottery will receive 40% of the money.
NFT producers will be able to mint their tokens using the Hector Ecosystem. A part of the royalties from NFT sales will be used to buy HEC tokens and distribute them to NFT holders. Hector's ability to advertise and sell NFTs will be an incentive for NFT producers. Buyers have an incentive because simply owning the NFTs listed on the Hector ecosystem earns them money. As a result, Hector is able to cooperate with the best NFT producers to deliver unique collections to holders.
For the NFT holders, the Fantom lottery is a contest with a large reward pool in general. Every four weeks, these prices will be assigned at random. Depending on the overall amount of earnings, the size and number of total awards will vary. Each draw features six unique Fantom-based creations. As a result, prize packages will vary in value but will always include all six projects, allowing every NFT holder to win a variety of rewards made up of six tokens!
This will benefit Fantom in general in terms of constant growth, projects on Fantom in terms of gaining attention, and the Hector Ecosystem in terms of development and influence. At each raffle, five of the six projects will be the same. The sixth will be altered. Projects and the community will be able to submit suggestions to be considered for inclusion. The project thoroughly examines the submissions before putting them up for a vote.
Hector Finance native tokens to list on Bitmart; cross-chain DEX nears completion
Apart from the big launch and project completion, the Hector ecosystem's native governance token $HEC and stablecoin $TOR will be listed on Bitmart on March 10th.
$HEC scored 89 in the Certik security audit and now $TOR audit results are out and the score is 92. There are no security risks as per the audit conducted by Certik.
Hector Finance is close to completing its cross-chain DEX, which will allow consumers to move between tokens on many networks with a single click, in conjunction with Rubic Exchange. The team believes that chain-agnostic projects will have a lot of promise in 2022 and beyond and that being entirely "chain-agnostic" for Hector Finance's future would be a vital step.
Users will be able to switch between tokens across many networks with one click on Hector DEX, removing the majority of the complications and effort associated with token bridging. Hector DEX will also be the "backbone of [Hector's] general cross-chain development, eventually letting users work with our solutions from any chain, as if they were natively on Fantom," according to the Hector Finance team in a recent video. It'll be possible because of this. If Hector Finance can solve the problem of bridging and exchanging chains, which is a problem that 3 million customers confront on a regular basis, the company has a lot of potential.
Hector Finance's products will be available to a far larger audience, providing them with access to a much greater pool of liquidity over time. By reviewing all available DEXs and bridges to find the most cost-effective swaps, the DEX platform will save money.
To know more about Hector Finance visit www.hector.finance
Social Links
Twitter: https://twitter.com/HectorDAO_HEC
Twitter NFT: https://twitter.com/Mythos_HEC
Telegram: https://t.me/hectorDAO
Reddit: https://www.reddit.com/r/hectordao/
Youtube: https://www.youtube.com/c/HectorDAO
Instagram: https://www.instagram.com/hectordaohec/
Medium: https://medium.com/@HectorDAO
Discord: https://discord.gg/hector
Github: https://github.com/HectorDAO-HEC
TikTok: https://www.tiktok.com/@hector_dao
Buy HEC on Fantom: https://docs.hectordao.com/how-to-buy/for-users-already-on-the-fantom-network
Buy HEC on FTMScan: https://ftmscan.com/token/0x5C4FDfc5233f935f20D2aDbA572F770c2E377Ab0
Media Contact
Brand: Hector Finance
Contact: Cecilio Olvera
Email: [email protected]
Website: https://hector.finance/
SOURCE: Hector Finance
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com
Yellen’s Positive Remarks About Biden’s Crypto EO Push Bitcoin Past $41,000
It only took an unintentionally flattering remark from a high-ranking US official to propel Bitcoin above the $41,000 level. Bitcoin (BTC) advanced early on Wednesday, boosting the entire crypto market, as US Treasury Secretary Janet Yellen’s inadvertently disclosed remarks indicated that US President Joe Biden’s long-awaited crypto directive will take a constructive approach to regulating…
The post Yellen’s Positive Remarks About Biden’s Crypto EO Push Bitcoin Past $41,000 appeared first on Bitcoin News Miner.
PIL’s Revenue Hit All-Time High for FYE 2021
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The overall performance of the Group recovered commendably in 2021, with growth driven by improved contributions from both the ATE and FAS business segments with each segment accounting for approximately 70.1% and 29.9% of the total Group's revenue, as compared to 2020 of 67.6% and 32.4%, respectively.
ATE segment
With a revenue contribution rate of 70.1%, the ATE segment continued to contribute the larger portion of the Group's overall revenue and profit. After witnessing a decline in revenue last year, total revenue from this segment marked a turnaround and grew at a double-digit rate of 22.6% to MYR358.4 million. During the year, backed by the recovery of the smartphone market and its peripheral items. the electro-optical industry continued to dominate the ATE segment with its revenue contribution rate of approximately 49.7%, derived from abroad
the product portfolio of the Group in its test solutions for the proximity sensor, 3D magnetometer sensor, ambient light sensor, wafer-level VCSEL (Vertical-Cavity Surface-Emitting Laser) and other relevant applications under optics and photonics sensing solutions.
Owing to the Group's persistent effort in increasing its exposure to the automotive industry, revenue from this sector came in as the second-highest within the ATE segment with its contribution rate of 27.6%. In addition, the automotive sector chalked the highest growth rate at 39.9% among other industry sectors within the ATE segment. This strong demand was largely attributed to the Group's automotive test solutions covering a full range of assembly and test technologies for various aspects of the manufacturing process ranging from the component test, final test to packaging. During the year, the ATE segment was also benefitted from the semiconductor industry with its revenue contribution rate of 20.0%, where this sector captured a 26.8% growth as compared to 2020 from the continuous demand for the Group's test handling equipment which was underpinned by the growth of integrated chips and other related semiconductor contents from the acceleration of digital transformation by the pandemic over the past two years.
The ATE segment will continue to dominate the performance of the Group in the foreseeable future. With the global pandemic unleashing the unprecedented wave of technology developments coupled with the power and momentum of technology convergence, the Group is in a promising position to leverage on these significant opportunities in the ATE segment.
FAS segment
After recording a strong revenue growth in the year 2020, the FAS segment continued to witness a double-digit growth rate in its contribution to the Group's revenue, chalking 12.3% growth to achieve MYR155.3 million during the year. This was mainly driven by the robust demand for the Group's proprietary i-ARMS solutions, where a wider customer base adopted this application across different industry segments in different countries and regions. Notably, this segment gained its revenue momentum in the third and fourth quarters of the year, with revenue in the second half of the year exceeding its first half by approximately 19.5%. The main industry segment that led to FAS growth was the consumer and industrial product segment, contributing approximately 45.4% to overall FAS segment revenue. This was followed by the electro-optical segment and medical device segment with its respective revenue contribution rate of 30.4% and 19.3% where the application of the Group's i-ARMS was equally prevalent in
these segments.
The Group continues to witness huge potential and opportunities in its FAS segment given the fundamental shift towards factory automation and smart manufacturing across various industries, especially in a post-pandemic environment. With the current automation trend, the Group will continue to broaden and enrich the capability of its automated solutions to capture the growth from these developments in the years ahead.
Outlook
"It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change."
The COVID-19 pandemic has dramatically and fundamentally altered the way we live and work. From social distancing, quarantine, closed borders, travel bans to the buzzword "home office" have never been mandated on such a large scale. The Group, however, navigated the "unsettling" effects of the pandemic and ended the financial year relatively "healed". Such accomplishment has demonstrated the Group's resilience in taking on the undeniable challenges that demand new ways of operating in a post-pandemic business environment and its versatility and speed in emerging strongly owing to the hard work and concerted efforts of the employees of the Group.
As the saying goes, every cloud has a silver lining. The pandemic has pushed many companies over the technology tipping point and with the surge in automation, digital adoption has taken a quantum leap across many companies and industries. As a result of these developments, the Group embraces 2022 with increased optimism on the back of a strong order book momentum largely driven by another high growth potential year surrounded by several catalysts brought about by AI, big data analytics, IoT, self-driving cars, Industry 4.0 and the deepening application of 5G. With the electro-optical segment currently dominating the Group's financial performance, this segment will continue its growth momentum in 2022, albeit modestly, given the Group's growing exposure to other industry segments. In respect of the automotive segment, the Group expects to witness the continuous affluence of this segment with e-mobility emerging at an accelerated pace. With electrification playing an important role in the transformation of the transportation industry and thereby presenting major opportunities in all vehicle segments, the global transition specifically towards electric vehicles ("EV") continues to get momentum and creates major disruption in the automotive industry and the related nexus. Significant efforts are witnessed through regulators worldwide defining more stringent emissions targets which include, among others, the European Union CO2 emissions regulations for cars and vans, China's New Energy Vehicles (NEV) mandate and Biden's administration is introducing a 50% EV target by 2030. Given this context, the Group anticipates a favorable prospect for its automotive test solutions from front-end to back-end which will continue to provide an impetus to the Group's overall performance.
In the belief that there is so much room and business opportunity for further expansion and that now is the best time to be planning for the future, the upcoming new manufacturing plant will pave the way for the Group to deepen its foothold in the medical device segment and bring the growth of its FAS segment to the next level. Key technologies that have been used widely in industrial manufacturing are seen to be filtering into the healthcare sector and with AI conquering the next frontier of the medical segment, the automation opportunity within this horizon is now abundant. With these technology developments presented, the Group is heartened to witness the growing demand for its automated assembly solutions from a broader customer base within the medical device segment on the back of an encouraging booking momentum. Together with the setup of Pentamaster MediQ Sdn. Bhd. for its involvement in the manufacturing of single-use medical devices, the Group is fully prepared for the huge market opportunities in the medical industry. Having continuously witnessed revenue growth from the FAS segment in the past two years, the Group continues to benefit from the increased focus of various industries on industrial automation which is now rapidly necessitated by the effects of the pandemic. As the surge in automation continues in the coming years with the use of AI and IoT in the manufacturing processes, the huge potential and opportunities in the FAS segment will be prevalent. Girded by a year of relatively stable financial performance in 2021, the Group will continue to focus fundamentally on its operational capabilities and remain proactive in the development of new cutting-edge technologies and solutions. With a wide variety of challenges and opportunities confronting 2022, the Group, having the pulse on the global trends and requirements, is forward-looking in building another year of solid business growth. As it is, the virus is here to stay for a period of time and will be a reality in our daily lives. The Group's priority is to ensure the safety of its employees with its strict adherence to the necessary safety measures and operating procedures.
About Pentamaster International Limited
PIL (HKEX stock code: 1665) is a leading global supplier in providing automation technology and solutions to multinational manufacturers mainly in the semiconductor, automotive, electrical & electronics, medical devices and consumer industrial products sectors spanning APAC, North America and Europe. The Group's broad range of integrated automation products and solutions entails innovating, designing, manufacturing and installing automated equipment and/or automated manufacturing solutions.
To learn more about PIL, please visit us at www.pentamaster.com.my.
For media enquiries, please contact:
Email: [email protected]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comPentamaster International Limited ("PIL" or "the Group") which is listed under the Main Board of The Stock Exchange of Hong Kong Limited announced its financial results for the year ended 31 December 2021 today.
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