Hectorians!We are below 2,500,000 HEC token in the circulating supply!
Around 1,000,000 tokens were removed from the supply since January!
HEC is a deflationary utility token!
Hello HectoriansAs some of you know, more and more nations are announcing their intention to implement regulations around trading cryptocurrency. This company is always looking to the future to ensure our users the best possible experience participating in our protocol. With this in mind, and after extensive deliberation with our international legal team, it is clear there are no avenues to move forward while keeping the term “Finance” as part of our operating name. It is fundamental to advance towards the future and we must take all necessary steps to ensure we can do so.
The word Finance will cause increasing issues in almost all major regions where our user base is populated. We have chosen to act now, while the overall damage of such a total (yes, even our socials will be 100% updated this time) overhaul is still minimal. In light of how much exposure we’re about to receive due to our sports partnership, continued crosschain expansion and Atlantica launch, the longer we postpone this necessary move, the more difficult it becomes.
Usually, we would want to bring this to a vote; however, the screening process for suitable alternates has been rigorous. By the time potential options cleared branding, legal, technical, availability, search engine optimization and general “likeability,” we had just a single direction forward as a company.
Starting today, we will be doing business as Hector Network. You will notice that our social media accounts have already begun the transition. You can expect that over the next 7-10 days, we will thoroughly update our documentation, our white paper, our logos with partners and so on.
You will notice we are not updating our main website. We’ve chosen not to because we are very close to launching the Beta of our new site, and it would be a waste of resources to update something that will be superfluous shortly.
We fervently hope that you all recognize this for what it is: a proactive maneuver to further position ourselves for the brightest possible future for all Hectorians.
Best,
The Hector Network Team
