Tag: Feb
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The Vigilante Inu Team is announcing the meme token $VINU with a mix of utility and strong community that stands behind the movement and...
This project was secretly launched on 01/22/2022. The Vigilante Inu project wants to prove that meme coins can bring people together and break the pump and dump patterns.
The Vigilante Inu is a community-driven project with a hard working and talented team. This project has its own Treasury. Most of this Treasury will be used on development and making partnerships and giveaways. Vigilante Inu has strategic partners: CoinMarketCap, CoinGecko, Nomics. Also this project has a partnership with a Passive Income ($PSI). As a result, $VINU farm will be open on PSI-DEX, and all holders will have an opportunity to stake their $VINU to earn passive income. Furthermore, mid-term investors can expect an NFT development and marketplace, and in the long run Vigilante Inu plans to develop a 2D P2E Action Game and $VINU mobile APP connected with $VINU Token.
$VINU Token: Utility and governance token of Vigilante Inu Ecosystem.
Tokenomics:
100M - Total Supply
25M - Already Burned
5M - Allocated in Team Wallets
3M - Max Wallet
6% - Buy Taxes
9% - Sell Taxes
3% - Reflection to all holders
12% - Goes to Treasure
Liquidity is locked
0x4512884a05a3097bead3d25efec816c4e8dc4049 - Smart Contract
$VINU Token already listed on PancakeSwap, Nomics and a few minor token tracking pages where marketing is already in motion. Developer is KYC'ed and will push a reputable audit in future.
Find out the latest information from Selene Gamefi Platform and join their community on the links below:
https://vigilanteinu.com/ - Website
https://t.me/vigilanteinu - Telegram
https://twitter.com/vigilanteinu - Twitter
Media Contact -
Vigilante Inu
PIQSOL Holdings to Launch the First-Ever Solana-based Fractional NFT Marketplace
The firm has brought forth the project to make NFTs more accessible to users. The marketplace will be similar to OpenSea, but it will also offer trades of fractional digital assets worldwide.
Piqsol has identified how the crypto-based niche of NFTs is growing into the world's financial scene. Therefore, they aim to give interested parties from any part of the world an equal chance to acquire a part of the hottest trend in the cryptoverse right now. Fractional NFTs will ensure that it is possible by giving people who may not afford these assets an opportunity to own them.
Currently, lucrative NFTs have accumulated values that could be beyond the pockets of most merchants. For instance, purchasing a BAYC NFT could cost a fortune, discouraging people from making the ‘buy' step. According to recent statistics, NFTs could be sold for values as high as $91M, an example of how expensive they are. In 2021, Dappradar revealed that the NFT trading volume in the third quarter of the year hit over $10B. These values are undoubtedly discouraging for people who do not bag the regular million-dollar income.
Such barriers birthed the ideology of creating fractionized NFTs to make it possible for several parties to own tokenized assets. That way, the owner of the NFT can seamlessly distribute parts of their assets in terms of tokens according to their contributions.
Piqsol plans to solve such issues by creating a marketplace where users will circumnavigate the issue that is buying these ‘high valued' digital assets. Additionally, the startup assures merchants that the marketplace will not be as challenging to use as the digital marketplaces available in the industry nowadays.
“The PIQSOL project will revolutionize NFT adoption for the masses, it not just reduces costs it drastically reduces the learning curve” explained Priven Reddy, Founder of PIQSOL. “This is the world's first fractional Solana NFT marketplace and it is huge for the industry and creates new revenue streams, new onramps, and a move towards fractional ownership that was never really within the reach of newbies, the lower-income, or middle-class consumers. It truly democratizes high-value NFT ownership.”
Pisqol has also given an insight into how the NFT marketplace will look like, revealing the availability of options like buying, selling and minting NFTs. Other features include a multichain minting network and an NFT authenticity service provided by a highly acclaimed third-party security service provider.
The platform is also planning to launch its token, dubbed PIQSOL, which will help holders to access fractional NFTs with high growth potential easily.
About PIQSOL Technology Holdings
Piqsol holdings is a technology firm seeking to provide the global market with solutions to problems that curb NFT trades. The company entails a tech-oriented team with over 15 years of experience in developing softwares and mobile applications. Their long term plan is to integrate its utility token, PIQSOL, into the metaverse and other gaming platforms. Piqsol has announced an imminent limited offering pre-sale that will commence at an unannounced date this February.
To find out more about Piqsol's future plans, visit their social media handles and website via the following links;
| Facebook | Twitter | Instagram | Discord | Telegram | Reddit | YouTube | Website |
Russian Government Approves Plan to Regulate Cryptocurrency
The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian Authorities Move to Legalize Crypto Economy The Russian government “has determined the […] Mainboard-listed BBR awarded S$363 million contract for design and construction of Pasir Ris East Station for Cross Island Line 1
Mr Andrew Tan, BBR's Chief Executive Officer said: "We are delighted in winning the LTA's contract for the Pasir Ris East Station for Cross Island Line 1. Together with our joint venture partner Sinohydro Corporation, we will do our best to make the project a success."
Singapore Engineering and Construction Pte Ltd is a wholly owned subsidiary of BBR. It is one of Singapore's most established civil engineering and construction specialists. The company's previous projects included the construction of Tai Seng Facility Building which serves the Downtown Line and the widening of Keppel Viaduct.
Construction works for the CRL1 Pasir Ris East station are expected to start in the second quarter of this year, with passenger service expected to commence in 2030.
BBR Holdings (S) Ltd (For more information: www.bbr.com.sg)
BBR Holdings (S) Ltd ("BBR") is one of Singapore's leading construction groups with more than 25 years of industry experience. It currently comprises four core business segments spanning across General Construction, Specialised Engineering, Property Development and Green Technology. The BBR Group is well-positioned to meet the urbanisation challenge in Asia with its proven track record and good combination of innovative engineering with specialist know-how in construction methods. It has business presence in key markets such as Singapore, Malaysia, Thailand, and the Philippines. Listed in 1997 on SESDAQ, SGX's then second board, BBR was subsequently upgraded to the Mainboard in September 2006.
About the CRL1
CRL1 is Singapore's eighth MRT line. It will serve existing and future developments in the eastern, north- eastern and western corridors, linking major hubs such as Jurong Lake District, Punggol Digital District and Changi region. CRL1 is 29 kilometres long and comprises 12 stations from Aviation Park to Bright Hill. This will serve residential and industrial areas in Loyang, Tampines, Pasir Ris, Defu, Hougang, Serangoon North and Ang Mo Kio and benefit more than 100,000 households. With CRL1, common recreational spaces such as Changi Beach Park and Bishan-Ang Mo Kio Park will be more accessible by public transport. Studies on the details of subsequent CRL phases are ongoing. The CRL will have almost half of its stations as interchanges with other rail lines, making it easier and more convenient for commuters to travel across the rail network.
Reference: https://bit.ly/3JeuEj5
Issued on behalf of BBR Holdings (S) Ltd by Waterbrooks Consultants Pte Ltd
Media and Analysts Contact
BBR Holdings (S) Ltd
Ms Chew Nam Yeo
Chief Financial Officer
Tel: +65 6546 5276
Email: [email protected]
Waterbrooks Consultants Pte Ltd
Tel: +65 6958 8002
Wayne Koo
Mobile: +65 9338 8166
Email: [email protected]
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMainboard-listed BBR Holdings (S) Ltd ("BBR" or "the Group") today announced that the Land Transport Authority ("LTA") has awarded a S$363 million civil contract for the design and construction of Pasir Ris East station, under the first phase of the Cross Island Line (CRL1), to Singapore Engineering & Construction Pte. Ltd. and Sinohydro Corporation Limited (Singapore Branch) Joint Venture.
Wikisoft Corp. Signs Letter of Intent to Acquire Disruptive Blockchain Tech Company — Etheralabs LLC
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The proposed transaction would include full global access to Etheralabs LLC's disruptive technologies across the Blockchain and global funding landscape. With the majority stake, Wikisoft plans to ensure that Etheralabs future product and technology roadmap supports Wikisoft's platform strategy. The parties intend to enter into a binding agreement after consultation with their respective legal counsel. Wikisoft Corp. plan to fund the acquisition with equity, thus providing the Company the optimum financial flexibility in the future. Wikisoft's Board of Directors has given a commitment to approve the transaction.
Carsten Kjems Falk, Chief Executive Officer of Wikisoft Corp. said, "Etheralabs LLC's disruptive technology and products are expected to provide an outstanding opportunity to expand Wikisoft's global reach with superior technology and high value-add products. This includes but is not limited to the blockchain technology for the upcoming wikifunding platform enabling startups to connect to the blockchain community, investors and venture capital. Furthermore, the AmpliFi press release distribution service is expected to be accessible to the 90 million businesses now held in the Wikisoft database, providing global reach to any of those companies. Our greater scale, broader product offering and geographic exposure should accelerate our growth and provide greater earnings diversity." The Company expects the proposed transaction to be accretive to earnings realized over the two years following the acquisition.
Bryan Feinberg, CEO and Founder of Etheralabs said, "Wikisoft's capabilities coupled with our background in transforming large data ecosystems into vibrant communities creates a definitive way to leverage our background to accelerate Wikisoft's entry into the global blockchain market and look forward to our ability to leverage Wikisoft's unique architecture and data environment into an active and vibrant venture community."
About Etheralabs LLC
Etheralabs is New York City based venture lab and ecosystem that invests in, builds, and deploys disruptive technologies across the Blockchain landscape. Etheralabs fast-tracks ideas into solutions that help high-growth companies with a focus on capital appreciation and scale via early-stage identification and accelerated resource deployment. The acceleration model lays the foundation for taking promising IP from both concept to company and from revenue to profitability, culminating in a fully functioning portfolio venture that is ready to attract follow-on funding, an acquisition partner, or to operate as a standalone company.
More information can be found at: https://etheralabs.io
About Wikisoft Corporation
In today's fast-moving business world of increasing globalization, Wikisoft leverages big data and associated insights from business datasets to improve performance.
In line with this new phase of globalization, Wikisoft believes that there is a growing demand for access to credible and reliable business data. Data is essential to creating the complete view of customers, prospects, investors, suppliers, and partners necessary to power the right decisions.
Our vision is to create opportunity globally by collecting precise data, curating it, verifying it and putting it in the hands of professionals and businesses as consumable business intelligence. We believe in the power of Wikisoft to collect massive amounts of data and deliver it to businesses curated, credible and reliable.
CONTACT:
WikiSoft Corp.
315 Montgomery Street, San Francisco,
CA 94104, USA
Phone: +1-800-706-0806
Email: [email protected]
Investor site: www.wikisoft.com
SOURCE: WikiSoft Corp.
FORWARD-LOOKING STATEMENTS
This press release contains statements of a forward-looking nature about the Company. You can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "future" or other similar expressions. The Company has based these forward-looking statements primarily on the Company's current expectations and projections about future events and financial trends that the Company believes may affect Company's financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company's current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company's information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law. This press release does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities of the Company. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comWikisoft Corp. today announced that it has entered into a non-binding letter of intent to acquire a majority stake in Etheralabs LLC, a New York City based venture lab and ecosystem that invests in, builds, and deploys disruptive technologies across the Blockchain space.
Mitsubishi Heavy Industries and Institut Teknologi Bandung Extend Collaboration to Drive Decarbonization in Indonesia
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The online signing ceremony took place on February 7, 2022 and was attended by the Ambassador of Indonesia to Japan, H.E. Heri Akhmadi; the Ambassador of Japan to Indonesia, H.E. Kenji Kanasugi; ITB Rector, Ms. Reini Wirahadikusumah; and MHI's Head of Energy Transition and Power Headquarters, Ken Kawai.
MHI's Head of Energy Transition and Power Headquarters Ken Kawai said, "MHI has been at the forefront of supporting Indonesia in its energy transition for nearly half a century. Through this continued partnership with ITB, we seek to develop clean energy solutions that will accelerate decarbonization in Indonesia. I am looking forward to a fruitful collaboration with ITB to achieve our mission net zero."
ITB Rector, Ms. Reini Wirahadikusumah added: "During the past two years, we have been collaborating with MHI to conduct advanced feasibility studies in clean energy, especially in financial and technical evaluation of ammonia and biomass co-firing. I am sure that these activities will benefit the Indonesian power industry. I hope that the extension of this MOU will create more ideas and useful recommendations for Indonesia's decarbonization journey."
A previous MOU between MHI and ITB(1) enabled joint feasibility studies on emerging energy sources such as hydrogen and ammonia, as well as air quality control systems (AQCS) and microgrid solutions. Since this MOU was signed in 2020, MHI and ITB also collaborated on training Indonesia's future engineers by conducting joint lectures on topics including big data analysis, biomass, integrated coal gasification combined cycle, hydrogen and AQCS.
This new MOU comes at a time when Indonesia is ramping up efforts to decarbonize its energy sector evident in its recent commitments to reduce its greenhouse gas emissions by 29% by 2030 and achieve 23% renewable energy use by 2025(2).
(1) https://power.mhi.com/news/20200130.html
(2) bit.ly/3BmvFTP
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMitsubishi Heavy Industries, Ltd. (MHI) has concluded a memorandum of understanding (MOU) with Indonesia's Institut Teknologi Bandung (ITB) to conduct joint research on clean energy solutions that will enable decarbonization in Indonesia.
GOGE Genesis Update – Pioneer Crypto-Based Virtual Nation, GOGELAND Set to Be Launched
Montreal, Canada, Feb 9, 2022 - (ACN Newswire) - GOGE, an experimental, community-led, and innovative project that aims at revolutionizing the world in every way possible, has announced the launch of GOGE GENESIS, a product that will spearhead the segue into the world of decentralized autonomous organization [DAO].
Through this update, GOGE is pronouncing itself the world's foremost crypto-based virtual micronation called GOGELAND—a sovereign and independent nation. Citizens of this nation will decide on their future, flag, purpose, anthem, coat of arms, official dossier, etc. This will further carve GOGE's name into the history books, alongside its native token—$GOGE—which will become the elemental currency of a nation.
Scheduled to be phased out in different phases throughout February 2022, all information regarding this update will be relayed by the GOGE team on all of its social media accounts.
GOGE has planned a ton of AMAs [Ask Me Anything] to be held on different dates throughout February 2022 and community members are encouraged to participate, ask questions, share suggestions and insights. Coalesced with these declarations, GOGE will kick-start a massive marketing campaign to spread the gospel of this community-led, innovative LGBTQ-focused crypto project. To achieve this, GOGE has entered an official partnership with Flexe.io, a marketing agency.
Transition into a DAO
The segue to DAO will see the GOGE project become the fundamental government run by a DAO in the trillion-dollar crypto space. Promising a truly decentralized, transparent, community-led, and self-governed project, $GOGE token holders will benefit greatly from staking their tokens. Besides the offering of sizable rewards in the form of $CAKE, $GOGE holders will become key members of the project—making suggestions and voting on the suggestions presented.
Contracts, team, and marketing wallets will be owned and controlled by DAO and $GOGE owners will reserve the right to vote on how these funds are used. Like what is obtainable on other DAO-powered projects, the amount of $GOGE held will determine a community member's voting power.
Running a truly decentralized and democratic project, GOGE has simplified the voting process. $GOGE token holders will, on the updated V3 website, use the Dashboard to make proposals that will then be voted on by other community members. Once results are collated, these proposals are immediately and automatically implemented.
In an attempt to pass an external audit which has become a prerequisite to the trustworthiness of a crypto project, all previous contract problems users have encountered before this time has been duly resolved by the $GOGE founding team.
The pre-eminent LGBTQ-focused crypto project in the budding space, GOGE has donated over $10,000 to 3 LGBTQ charities in recent times and has been listed on CoinGecko and CoinMarketCap—two of the leading crypto analytics websites.
Rewards for $GOGE Holders
GOGE as the foremost micronation on the blockchain has rewarded community members with over 1.3 million tokens. Currently, due to the recent dip in the market, GOGE is holding strong at $2.5million, which is a GREAT entry point from the projects all time high of $17.7 million. The project has established over 4,500 strong holders reading to break the crypto space with the transition to a DAO.
With $20,000 rewards shared in a ton of contests, thousands of token rewards from trivial games, and the $GOGE token listed on CoinW, GOGE has created NFTs that will be shared amongst its token holders. These NFTs, as told by the founding team, will be the world's foremost NFT passports.
NFT Passports
Leading the way in the introduction of NFTs as digital identification on the blockchain, GOGE has initiated NFT Passports. In concomitance with the virtual micronation—which GOGE is the foremost leader—NFT passports will act as the official passports for citizens of GOGELAND. Limited to a specific amount and can be exclusively owned by buying and burning $GOGE tokens, it will be customizable—allowing owners to personalize them based on individual preferences.
Recent Achievements
Innovation, sheer willpower, leadership qualities, and compassion are requisites to becoming the next top dog coin. The GOGE team possesses all of these and through the introduction of prodigious upgrades such as this, GOGE is cementing its stance as the next top dog coin in the crypto market.
- Remarkably, it has managed to achieve a ton of feats in the shortest time possible. The pioneer LGBTQ-focused project, GOGE has;
- Rewarded token holders with over 1.3 million tokens.
- A market cap at an all time high of $17.7 million and is currently listed on CoinGecko and CoinMarketCap.
- Spent $20,000 in a plethora of contests, given out thousands of rewards in trivial games, and has been listed on CoinW—a centralized exchange.
- 5000 token holders and over $10,000 donated to three LGBTQ charities.
- Featured on Yahoo Finance and has, in the last couple of months, airdropped handmade yet exclusive NFTs to token holders.
- Partnered with io to achieve its massive marketing campaign goal.
About GOGE
GOGE is an innovative, experimental, and community-driven project created specifically to unite humans from all over the world. The leading Gay Doge family member, GOGE will build an international, safe, reliable, and ever-growing virtual community for everyone. It will also reward community members with $CAKE for holding and staking its native token, $GOGE.
Social Contact
Twitter: https://twitter.com/DogeGaySon
Telegram: https://t.me/DogeGaySon
Medium: https://medium.com/@DogeGaySon/
Discord: https://discord.com/invite/K4vKhx5uqg
Facebook: https://www.facebook.com/Dogegayson
Instagram: https://www.instagram.com/dogegayson/
YouTube: https://www.youtube.com/channel/UCB8cqeE-T7tjP2JIozKxo2g
Litepaper:
https://goge.showoffmarketing.com/wp-content/uploads/2021/11/6182996d6e5e6b621754741e_GOGE-LITEPAPER-V.5.pdf
Media Contact
Brand: GOGE
Contact: MoonGoge, Developer
Email: [email protected]
Website: https://goge.co
SOURCE: GOGE
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com
Destinus raises $29 million for hypersonic plane
Destinus SA, the Swiss startup founded by serial entrepreneur Mikhail Kokorich, has raised 26.8 million Swiss francs ($29 million) for its campaign to offer hydrogen-powered supersonic flight.
The post Destinus raises $29 million for hypersonic plane appeared first on SpaceNews.
Showa Denko Revises Forecast of Consolidated Performance
1. Revision of forecast of consolidated business results for January 1 - December 31, 2021
(1) Revised forecast of consolidated business results for January 1 - December 31, 2021
https://www.acnnewswire.com/docs/Multimedia/Low_SDK202202.jpg
(2) Reasons for the revision
Net sales hovers around the level of the previous forecast. However, operating income is expected to slightly increase. Ordinary income is also expected to increase by about 4.5 billion yen due to an increase in foreign exchange gain and a slight increase in equity in earnings of affiliates. In addition, an extraordinary loss of about 8.5 billion yen, which was once expected to incur in the year ending on December 31, 2021 as a cost of business structure improvement in the Showa Denko Materials segment, is now expected to incur in 2022. As a result, net income attributable to owners of the parent is expected to increase by about 13 billion yen from that in the previous forecast.
With regard to the dividend, we maintain our expectation that the Company will pay 65 yen per share as year-end dividend.
About Showa Denko K.K.
Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.
For further information, contact:
Showa Denko K.K., IR Office, Finance & Accounting Department, Tel: 81-3-5470-3323
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comShowa Denko (SDK; TSE:4004) announces that it revises its forecast of consolidated business results for the full year ending on December 31, 2021, which was announced on August 3, 2021.
Hector Finance Launches $TOR: The Stablecoin
Bristol, UK , Feb 9, 2022 - (ACN Newswire) - Hector Finance has launched its much-awaited stablecoin named TOR that will play a key role in the overall Hector ecosystem. TOR stands for Tyche Owned Reserve. According to Wikipedia, Tyche was the governing tutelary deity who oversaw a city's wealth and prosperity, as well as its fate. She is the daughter of Aphrodite and Zeus or Hermes in Greek mythology, and her role at the time was to deliver messages to humans about external occurrences beyond their control. Tyche is the Greek goddess of luck, chance, providence, and fate.
Terra, one of the most successful algorithmic stablecoins in the space, is the inspiration behind TOR. TOR has the goal of making $HEC more deflationary while also providing the Fantom chain with its own algorithmic stablecoin.
TOR is a new ERC20 coin that can only be created by burning HEC. The HEC pricing oracle, built with Time Weighted Average Price, can be used to swap TOR for newly minted HEC. Oracles are an important part of any stablecoin's base functionality. In the context of blockchain technology, an oracle is a mechanism designed to supply data to smart contracts. In general, a Stablecoin is only valued and trusted if its price remains constant. The price of TOR is $1. What kind of 'backing' does it have? TOR's backing is made up of two layers:
- Smart-contract algorithms and the HEC/stable LP
- The $100,000,000 Hector Finance Treasury
Hector Finance will enable yield farming for the TOR/Stablecoin Curve pools. These pools will help with HEC trading, which we'll go through in further detail in a subsequent article. The gains from Hector Finance Treasury Investments and HEC's emission plan will generate the yield. We aim to provide an APY of at least 20%, making TOR yield farms competitive in the market and providing the most consistent yield farming on the FTM chain.
How does TOR work?
The Hector utility coin (HEC) is the TOR Stablecoin's counterpart. Hector's price rises when demand for TOR rises, according to supply modulation. The primary mechanism for keeping pegs in place is expansion and contraction. TOR's stability is ensured via a simple swap mechanism: at any time, 1 TOR can be switched for 1 dollar's worth of HEC. If the value of TOR falls below $1.00, buyers can purchase it and use the method to redeem it for $1.00, allowing them to profit. Demand for TOR rises when buyers do so, causing the price to rise again until it reaches $1 USD. These financial incentives function quickly to keep TOR stable.
Since Hector Finance owns the majority of HEC/DAI, HEC/USDC, and HEC/frax, sufficient liquidity is ensured when a TOR redeem operation occurs. Despite the existence of a curve pool as "Layer 0" for shifting TOR back and forth, it is still needed to mint/redeem on a much less frequent basis. The price of HEC will (slightly) increase or drop as a result of the mint/redeem at Layer 1. Although the price of HEC has no impact on the minting/redeeming of TOR in Layer 1, if the price of HEC drops more than expected/wanted, the Hector Finance treasury will be used to stabilize the value of HEC through buybacks and burns.
Hector Finance's goal of combining the rebase model with enhanced scarcity will be made possible thanks to TOR. Deflation is the ultimate goal. Because TOR can only be minted by burning HEC, the demand for HEC rises as well. TOR will soon be available for use as collateral in Hector Bank, the decentralized lending and borrowing network built by Hector Finance in partnership with Ola Finance. When TOR is deposited into the lending pool, an oTOR token is provided to the supplier, and the oTOR bears all of the lending interest.
The Road Ahead for Hector Finance
Hector Finance aims to bring as much value to the $HEC token as possible. The project's main goal is to achieve zero inflation so that everyone's share of the pie grows over time. The supply will eventually be lowered to the point where it reaches a number that allows for sufficient burns while also providing competitive rewards. What steps will it take to become deflationary? They will mix the best of both worlds: a rebase project with a competitive APY (in comparison to farming and node projects), as well as an extensive ecosystem of utility to boost the HEC token's value.
The demand for the HEC token will rise as the token's utility grows. With the addition of utility to the token, APY becomes less essential over time, as the value of purchasing the token is now a combination of APY rewards and price increases due to demand and burns. Hector's project revenue is deposited into the DAO Wallet, with excess funds going into marketing, development, salaries, and, most importantly, buybacks and burns.
To learn more about Hector Finance visit Hectordao.com
Social Links
Twitter: https://twitter.com/HectorDAO_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
Name: Henry Davis
Mail: [email protected]
Website: https://hectordao.com/
SOURCE: Hector Finance
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com
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