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Author Topic: [ANN] Hertz - the first deflationary stablecoin, early announcement.  (Read 251 times)
Hertz_Token
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October 21, 2019, 12:23:48 AM
Last edit: November 03, 2019, 03:32:37 AM by Hertz_Token
 #1



Q1: Are you a long-term ETH investor ?
Q2: Can you afford to lose only 2% of your ETH, with more than a 99% chance of earning beyond the loss ?

If yes to both, this token is where you should place your ETH !


What is Hertz (HZ) ?

Hertz is a deflationary stable coin, built on Ethereum Erc20 platform.
It is a token with the constantly increasing price, while the price increase is determined by the token liquidity.
Please read the white-paper to find out more about the mechanism involved : https://github.com/olejardamir/Hertz/blob/master/readme.md

- There are no pre-minted tokens.
- Nobody is the contract owner.
- You can exchange your tokens to Ethereum at any time (with a 2% fee) using the contract.
- There are no fees for purchasing Hertz while using a contract.

~~ Airdrops: You can self-drop with any amount of ETH by using the contract. ~~


- Contract: 0x6a4b6316d1d03d2f2b3a0294502f8faf0f38ca14
- Etherscan: https://etherscan.io/token/0x6a4b6316d1d03d2f2b3a0294502f8faf0f38ca14
- Symbol: HZ
- Pre-minted: 0
- Contract owner: nobody, meaning, nobody collects Ethereum.
- Decimals: 18. Since token price will always increase, zeros will become very important.
- Total Supply: 21000 tokens. Since we are using 18 decimals, 21000 tokens is enough to make traders put a token on exchanges due to a low supply, and sell it.
- Minting: when the current supply reaches 21000 we cannot mint more tokens. However, when tokens are burned by transferring or by exchanging back to Ethereum within a contract, the number becomes lower, and we can mint them again using the contract.
- Current Supply: The current supply shows the current amount of circulating tokens. The current supply is reduced by burning and increased by purchasing tokens from a contract.
- Trade fees: No fees for a token purchase, 2% for converting back to Ethereum. Initial idea was to have no fees at all, however, people could avoid burning Hertz by converting it to Ethereum. This is only a safety mechanism making sure that Hertz will be used as intended, at least once.

- Everyone profits when Ethereum is taken away from the contract.
- Everyone profits when token is transferred from one account to another.
- Starting price: 1 Ethereum = 1 Hertz. From that point, Hertz price is always increasing.
- Minimum purchase: 0.000000000000000001
- Maximum purchase: Total Supply minus Current Supply


Official Website
: http://gotohertz.com/
Early exchanges/relays:
https://bamboorelay.com/trade/HZ-WETH

Twitter: https://twitter.com/HertzToken
Telegram: https://t.me/joinchat/Ote9nhcPmwqf4Kmh3Fh6Uw
Discord: https://discord.gg/KGwkqqM
Reddit: https://www.reddit.com/r/HertzToken/
Instagram: https://www.instagram.com/hertztoken/


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October 21, 2019, 05:48:32 AM
 #2

How is it deflationary and also stable?
What value is it pegged to?
What (reputable) entity guarantees it's stable / stays pegged to that certain value?

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October 21, 2019, 05:57:29 AM
 #3

Any reference or is it just an opinion ?

The reference is the thread itself, we do not need anything else as evidence this is crystal clear. Where should investors and community go to take a look at the mission, vision and the aim of this project if you do not have anything else to share? the project is incomplete that means bad start.

How is it deflationary and also stable?
What value is it pegged to?
What (reputable) entity guarantees it's stable / stays pegged to that certain value?

Lately, people just name everything as stablecoin without a guarantor and pegged asset to stabilize the price.

 
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October 21, 2019, 06:27:10 AM
 #4

As clearly stated, this is an early announcement. So, I think we should wait before making any assumptions. I would like to see what the team has in mind.  Smiley

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October 21, 2019, 06:44:43 AM
 #5

you missed the hype train by like 6 months  Tongue
deflationary coins were 2018 and stablecoins 2019 hype is already dead after like 20 scam coins already
gotta keep up with the shitcoining! Cheesy


 
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October 21, 2019, 08:07:44 AM
 #6

Hello Team,

I came across Hertz a while back and am interested to initiate a collaboration since this is a brand new project. I run a blockchain marketing firm and see a great collaboration opportunity here, especially during your start off days.

We offer customized blockchain marketing services and crowdfunding assistance. Please get back to me here: @arnab_ray
Would be glad to discuss and offer great services.
Thanks!
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October 21, 2019, 10:58:32 AM
 #7

I don't think that 2% fee is good percentage for exchanging token to Ethereum.
There are swaps who can do that for less even now from tokens to ethereum...

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October 21, 2019, 11:45:11 AM
Last edit: October 21, 2019, 01:54:13 PM by Hertz_Token
 #8

I don't think that 2% fee is good percentage for exchanging token to Ethereum.
There are swaps who can do that for less even now from tokens to ethereum...

There was a community vote, and this percentage had to be at least the same as a transfer fee reduction. Initial idea was to make it free of any reduction but then the token would fail its purpose... you could simply convert back to ETH and back to HZ again without sending HZ to any other account... Others would have agreed with you, some even voted for a 10% reduction... majority made a decision to have it at 2% .
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October 21, 2019, 02:32:35 PM
 #9

How is it deflationary and also stable?
What value is it pegged to?
What (reputable) entity guarantees it's stable / stays pegged to that certain value?

Great questions.

In terms of Ethereum, you can get your Ethereum back at any time from a contract at the highest loss of 2% (unless making transfers to other accounts). Deflation is done by burning the tokens and by having a limited total supply.

The 2% charge is kept with a contract for everyone's benefit. This is how it is stable and deflationary.

It can be interpreted as an ETH wrapper, and since it is open source and since nobody owns the contract, you are the authority of your own tokens.

The USD deflationary token with the same mechanism is under a development.
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October 22, 2019, 10:57:42 AM
 #10

Hello, Pars Exchange is looking for new quality Projects to list on it's Platform and ERC20 Tokens are Supported too.
https://bitcointalk.org/index.php?topic=5194956
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October 22, 2019, 05:47:38 PM
 #11

Hello, Pars Exchange is looking for new quality Projects to list on it's Platform and ERC20 Tokens are Supported too.
https://bitcointalk.org/index.php?topic=5194956

"Coins with a large community and demand are welcome for Free Listing (must have at least 0.1BTC Volume per week)"...

There is more than 0.1BTC of a volume, please see the Etherscan : https://etherscan.io/address/0x6a4b6316d1d03d2f2b3a0294502f8faf0f38ca14  
Deposited ETH values 1.6K - 2K USD.

Please let me know whether this is enough data for a listing or whether you need a guide for a this token.
Furthermore, since Hetrz does not have an owner, there can't be a liquidity deposit unless purchased by the exchange directly from a contract.
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October 23, 2019, 02:49:04 AM
Last edit: November 24, 2019, 06:14:07 PM by Hertz_Token
 #12

you missed the hype train by like 6 months  Tongue
deflationary coins were 2018 and stablecoins 2019 hype is already dead after like 20 scam coins already
gotta keep up with the shitcoining! Cheesy

I didn't know that ideas are measured with a stopwatch.
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