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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

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Hector Finance has successfully launched TOR, its much-awaited stablecoin, and a key component in the Hector ecosystem. Hector Finance has ...

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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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