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HECTORIANS!
We just burned 30,000 HEC tokens from the DAO Wallet. That's approximately $1,900,000 🤯
Everyone's piece of the pie just increased again 🚀
As you all know: the goal for Hector is become more and more deflationary, while maintaining the amazing rebase model. The first parts of our Ecosystem we will introduce for this purpose are Hector Bank and the Hector stablecoin.. stay tuned!
https://ftmscan.com/tx/0xb0b036c623f26f37fa4166ed0ce085d309a78c07a148b8c9d8857f22e263f0e5
HIP-015 - Name of Hector Stablecoin
May we have your vote?
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https://vote.hectordao.com/#/proposal/0xbef6eb9ffe09189ec4037c015122b0ac6d28488fe8e9cae94ea6a01dfde1f165The Hector Stablecoin will play a major part in the Hector DAO Ecosystem, as announced in our 2022 Master Plan.
We currently see 2 major usecases for our very own Stablecoin:
1) Increases deflation of $HEC by burning huge amounts of HEC through at least two identified value loops. This will help reverse inflation and bring us towards the Inflection Point (the moment at which a similar number of tokens are minted and burned). The Hector Stablecoin will also drive HEC demand up, and increase bonding inflows, all whilst simultaneously providing users with stakable stablecoins which offer highly competitive APR/APY rewards.
2) The Hector Stablecoin will be key for the development of Hector Pay, and will be the currency used for payments with the lowest transaction fees. The Hector Pay project aims to create a payment system wherein users will be able to send and receive crypto assets to and from friends and family across multiple networks. Users will also be able to pay for real-world items using Crypto balances.
Our developers are currently running tests day and night, and we will soon run a small, controlled, community trial.
Now: not unimportant. The name. We have asked for suggestions, and our community came up with hundreds of names. We love you. We kindly ask you to decide on the name of the Hector Stablecoin, while taking the two most prominent use cases as laid out above into account.
1️⃣ HUGS - $HUGS ("Can I pay with $HUGS?")
2️⃣ HELEN - $HLN ( from Helen of Troy)
3️⃣ DRACHMA - $DRAC (the currency used in ancient Greece)
4️⃣ USDH - $USDH (boring, but more recognizable)
Why Token is not listed yet on big exchanges like Kucoin,Mexc,Okex?
Now token is #2872 According to coinmarketcap. If they do some best action we can see below 2000.
It's a gradual process dear the team is working effortlessly the get listed on top exchanges as possible. In due time, they shall achieve all that. For more questions contact team director through telegram.