Topic: {ANN} Hector Network: Where (3,3) & (4,4) became; A Deflationary Utility Token. - page 16. (Read 14277 times)

Hectorians! Today we did some very impressive buy-back and burns!

We have buy-back/burned a total of ~25,000 tokens, valued at approx ~$380,000,

Since the all time high supply of $HEC, at 3,530,000, we have implemented deflationary measures including buy-back/burns, $TOR minting buy-backs and reduction of APY. At the moment, we are now under 3,200,000 for the first time since we implemented these measures. The direction is clear, a decrease in supply, which will dramatically reduce dilution. We are on the road to become sub 3M supply, and it's bullish to see we are almost there!

We are committed to become a *deflationary ecosystem* consisting of a variety of use cases supported by the $HEC token.  Join the family to become a sustainable deflationary token with Hector Finance!

Take care

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Hectorians! Again thank you for participating at the "Hector around the world" contest.

We hope everyone who wanted a free NFT was able to get one during the mint. The NFT was created as a mosaic from all entries and can now be found on PaintSwap:

https://paintswap.finance/marketplace/collections/0x8d7ab302ca8784210ac62e5d679f7e9c350cae40

This is a great memory for this amazing competition.

Keep your 👀 on the announcement channel, we will have some news regarding NFTs, as well regarding a new "Hector around the world" competition soon.

                             

TOR TVL just surpassed 11,400,000 $
APR still holds 30%+
TOR is Mintable again  👀

Join the farm
https://app.hector.finance/#/farming

Mint TOR
https://app.hector.finance/#/mint

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The vote weighting issue with snapshot has now been resolved. If you voted already, please vote again.

https://vote.hectordao.com/#/proposal/0x90f4fb65508780944281f8d31a1639d9e0b0769de4d70d864efd2c86eca28f01

Hectorians!

Don't forget to spread this message!

We are donating up to $10.000 ($1.000 for each) to "The Childhood Leukemia Fund", for every website / shop which accepts $TOR as payment method.

We choose 10 websites from all entries and are doing an official partnership announcement on our socials.

All you have to do is accept $TOR on your website and fill in this form:

https://forms.gle/R3XMfb6iCXPoAKGs7

We already got some entries!

Giveaway ends on 31.03.2022


What is $TOR?

Check out our website www.tor.cash

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Hello Hectorians!
Before that any HIP takes place, we want to discuss with you about HEC LPs.
We heard many of you asking why we have 2 LPs, and why we're not "merging" into a sigle one.
Well, there are pros and cons to have 2 different LPs:

PROS
-You can find HEC on the 2 Popular DEXes of Fantom
-It's harder to "dip" too much, since the LP is "double"
-It's safer to have 2 LPs istead of 1 (in case of regulations, hacks, idk..)

CONS
-Arbitraging could be profitable in rare occasions of BIG buys
-Arbitraging could "kill" eventually uptrends
-The buybacks got "half power" since obviously arbitrage takes place
-It's harder to rank on DEXtools with 2 pairs. The buying pressure could be "split".


What's the best thing to do then? I don't have an answer, that's why I would like to hear from you all, and EVENTUALLY put online an HIP in the next days.
What are the possible things we could do IF we remove the HEC/USDC LP?

a) we just convert the USDC into DAI and we deposit the LP amount into the Spookys DAI LP
b) we burn the HEC from that LP and we use he USDC for another thing - like:
--b1) we put USDC into the Treasury
--b2) we put USDC into the Bank
--b3) we put USDC into the TOR pool
--b4) we mint TOR with these USDC
--b5) a mix of the options b1-b4

And obviously there is the option to let everything as it now.

For reference:
Spooky DAI LP is around 2.5M $ of HEC and 2.5m $ of DAI
Spirit USDC LP is around 2.46 $ of HEC and 2.46 $ of USDC


Would like to hear your opinions, feedbacks, ideas 🙂
We just created a dedicated channel in our discord server: 💬-lps-discussion

Thanks!

To our community, Hectorians are Hectorians. Regardless of where we are born, regardless of our religious beliefs, regardless of the colour of our skin.

We share one planet and it is our responsibility to protect it and each other.

Today during our community update session we will launch the minting of the Hector Around The World NFT. It’s been inspiring to see how many wonderful community members we have in such a wide variety of countries.

We are one.


The mint is now available on:

https://mosaic.hector.finance

🔥🔥🔥

The Hector around the world NFT is already listed on PaintBrush:

https://paintswap.finance/marketplace/collections/0x8d7ab302ca8784210ac62e5d679f7e9c350cae40


All participants of the Hector around the world contest already have one NFT distributed to their wallet or are getting one distributed within the next minutes

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HECTORIANS! Our French Validator is now online!

We have named it “TOR Stablecoin” and its ID is 96.

https://ftmscan.com/address/0x9c2036151781661d08184163cbb89dfd3b921075

How to stake:
1. Go to https://pwawallet.fantom.network/#/
2. Navigate to “Staking” on the left
3. Click “Add Delegation”
4. Select our Validator Node!
5. Enter the amount of FTM you’d like to delegate to us and submit the transaction

Hectorians! We’re proud to announce our partnership with Weave!

Weave is building a platform which allows users to create automated investment strategies with an intuitive drag and drop UI. We will be hosting our own strategies there and will be integrating the TOR coin into the Weave system.

Learn more about Weave here: https://weave.financial/

Join the Weave discord: https://discord.com/invite/hT9vT49kV7

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Hectorians! $TOR is now listed on the following sites!

Upvote to help the trending of TOR on these sites!!

1. https://coinvote.cc/coin/TOR
2. https://coinhunters.cc/tokens/TOR
3. https://www.coinscope.co/coin/tor  
4. https://coinsniper.net/coin/26887
5. https://coinfind.cc/coin/0x74e23df9110aa9ea0b6ff2faee01e740ca1c642e
6. https://coindom.cc/token/TOR
7. https://www.coinseek.xyz/coins/11c38be9-b8a6-45e6-9f7b-275aa9f68a85
8. https://coinstats.app/coins/tor/
9. https://coinmooner.com/
10. https://stocktwits.com/symbol/TOR.X
11. https://dappradar.com/fantom/defi/hector-finance

TOR LP Update:

TVL 8,245,386 $
APR 39.09%

TOR in the Pool < 50% - Minting available 👀

Stake in the Pool:
https://app.hector.finance/#/farming

Mint TOR:
https://app.hector.finance/#/mint

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HECTORIANS! Our Canadian Validator is now online!

https://explorer.fantom.network/validator/0x35796ce4ed757075d346c1bc374d67628fadcbb1

How to stake:
1. Go to https://pwawallet.fantom.network/#/
2. Navigate to “Staking” on the left
3. Click “Add Delegation”
4. Select our Validator Node!
5. Enter the amount of FTM you’d like to delegate to us and submit the transaction

Hectorians! Let's spread the word and help to make $TOR great!

We are donating up to $10.000 ($1.000 for each) to "The Childhood Leukemia Fund", for every website / shop which accepts $TOR as payment method.

We choose 10 websites from all entries and are doing an official partnership announcement on our socials.

All you have to do is accept $TOR on your website and fill in this form:

https://forms.gle/R3XMfb6iCXPoAKGs7

Giveaway ends on 31.03.2022


What is $TOR?

Check out our website: http://www.tor.cash

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HECTORIANS! Thanks to the Youtuber VoskCoin who talked to his 575.000 subscribers about Hector Finance!

Here’s a link to his amazing video about us: ▶️ https://youtu.be/3DCGFEP7e7g

You know the drill, please show some love to the video by watching and leaving a nice comment.

Hectorians! Cointelegraph, one of the largest crypto publications on the internet has featured us in multiple languages!

English
https://cointelegraph.com/press-releases/hector-finance-launches-its-tor-stablecoin-looks-forward-to-rest-of-2022

Chinese https://cointelegraphcn.com/press-releases/hector-finance-launches-its-tor-stablecoin-looks-forward-to-rest-of-2022

Spanish https://es.cointelegraph.com/press-releases/hector-finance-launches-its-tor-stablecoin-looks-forward-to-rest-of-2022?_ga=2.265154447.1862070756.1644933842-255942340.1644933842

Japanese https://jp.cointelegraph.com/press-releases/hector-finance-launches-its-tor-stablecoin-looks-forward-to-rest-of-2022?_ga=2.265154447.1862070756.1644933842-255942340.1644933842

Portuguese https://cointelegraph.com.br/press-releases/hector-finance-launches-its-tor-stablecoin-looks-forward-to-rest-of-2022?_ga=2.5112627.1862070756.1644933842-255942340.1644933842

Turkish https://tr.cointelegraph.com/press-releases/hector-finance-launches-its-tor-stablecoin-looks-forward-to-rest-of-2022?_ga=2.40371362.1862070756.1644933842-255942340.1644933842

Italian
https://it.cointelegraph.com/press-releases/hector-finance-launches-its-tor-stablecoin-looks-forward-to-rest-of-2022

HECTORIANS! In case you've missed it, here's an article covering our AMA with Altcoinbuzz!

https://www.altcoinbuzz.io/cryptocurrency-news/spotlight/hector-finance-ama-with-co-founder-prometheus/

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Hectorians! The Hector Around The World contest has come to an end - here are the winners who have been paid 20 HEC each!

Plus a little surprise - we will be running a limited mint of free NFTs for the community. All winners will receive an NFT, and anyone else who wants one can mint one for free, but be fast because there is a very limited supply! More info on that to come soon.

Thank you to everyone who took part and showed us just how diverse this community is. It really is such an honour to be a part of something so wonderful.

Hectorians! We’ve been featured in the Fantom Foundation’s very own Ecosystem Spotlight. Check it out to hear our thoughts on Fantom, DeFi, and to get a bit of free alpha 😉

https://twitter.com/FantomFDN/status/1493589810686136325?t=yXouY3K4zil1hxMfxcBsEw&s=09

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HECTORIANS! A big thanks to the biggest turkish crypto youtuber Kripto Emre (274K Subs), for the mention of TOR to his enormous community!

Here's the link to their amazing video about us: ▶️
https://youtu.be/V8MUh4h2rO4?t=161

You know the drill, please show some love to the video by watching and leaving a nice comment.

TOR MINTING UPDATE: To support the growing of our pool, it's now possible to mint TOR as soon the total amount of TOR in the pool is less than 50% (previously was 45%)

Happy minting.

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HECTORIANS! A big thanks to our russian friends from Pro Blockchain (174K Subs) who talks to their community about TOR!

Here's the link to their amazing video about us: ▶️
https://www.youtube.com/watch?v=xnMin4V8shk

You know the drill, please show some love to the video by watching and leaving a nice comment.

HECTORIANS! Quick Suggestion/Note on TOR Pool:

If the pool is a bit unbalanced (right now - in favor of TOR) you get more LP tokens by staking DAI/USDC than minting TOR and stacking.
Plus: to protect the peg, the minting process stops when the TOR in the Curve pool are exceeding 60% of the pool.

Most of you probably already knew this, but worth to repeat it

We integrated a little "symbol" to be show in the farming page, that suggests you what's the best "currency" to stake in that specific moment.

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Hectorians! HIP-023 $40m investment into new ETH Curve gauge for variable 30% APR

As part of our growth strategy we invest parts of our treasury into yield bearing gauges such as those found on Curve.

We propose to remove $20m from the old 17% curve we are currently using and combine that with another $20m from our treasury to invest a total of $40m into a gauge which varies but can provide around 30% APR.

This will bring in more revenues which can be used for the purposes mentioned in our documentation, AMAs, Roadmaps, etc.

https://snapshot.org/#/hectordao.eth/proposal/0x4475e8a0a56212d32c7e8843833667bd26a905c8cfe9754e219494fd528dc758

HECTORIANS! Almost 3,5M TVL on our TOR LP farm!
APR just boosted to 60% 🔥🔥

Don't forget you can join this pool also without owning TOR, but just creating an LP with USDC and DAI! 👇

https://ftm.curve.fi/factory/62/deposit

and then you can stake that LP into our Farm 👇

https://app.hector.finance/#/farming

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HECTORIANS; You’ve seen how fast the TOR farm reached $3m TVL whilst only having around 800 users.

The time has come to make another huge step.

On Friday, TOR will be made publicly available to everyone. Over the coming days, weeks, and months, we will be pushing as hard as possible to make TOR the most powerful weapon it can possibly be. Expect a lot of marketing, partnerships, and further announcements.

We all saw what happened with ecosystems like that of LUNA. This is our aim for HEC and TOR.

HECTORIANS! The TOR Farm is getting huge!
We surpassed 2,150,000$ of TVL!

The APR has been pushed again up to 60% for all our farmers ❤️ Amazing rewards for our farmers!

Don't forget you can join this pool also without owning TOR, but just creating an LP with USDC and DAI! 👇
https://ftm.curve.fi/factory/62/deposit

and then you can stake that LP into our Farm 👇
https://app.hector.finance/#/farming

The upcoming week will be really important for TOR, stay tuned 🔥

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HECTORIANS! New TOR Merchs are available on our Shop!

www.shop.hector.finance

The TOR's week is just about to start 👀

Don't forget 50% of profits will be donated to charity! ❤️

HECTORIANS! AMBCrypto, one of the largest cryptocurrency and blockchain news portals with over 3 million reads has featured us again in multiple languages! Check out the interview with Prometheus!

English
https://ambcrypto.com/building-an-all-inclusive-financial-center-an-interview-with-hector-finance-ceo/

Spanish https://es.ambcrypto.com/construyendo-un-centro-financiero-con-todo-incluido-una-entrevista-con-el-director-ejecutivo-de-hector-finance/

Korean https://kr.ambcrypto.com/korean/article/21534/

Japanese https://jp.ambcrypto.com/japenese/article/23359/

Hindi https://hind.ambcrypto.com/hindi/article/8969/

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HECTORIANS! Here’s a selection of marketing pushes (only press articles) we’ve made over the last days. The word is spreading!

https://www.nasdaq.com/press-release/hector-finance-launches-its-much-awaited-hector-bank-amid-the-growing-popularity-2022

https://www.bloomberg.com/press-releases/2022-02-04/hector-finance-launches-its-much-awaited-hector-bank-amid-the-growing-popularity

https://www.benzinga.com/pressreleases/22/02/25418266/hector-finance-launches-its-much-awaited-hector-bank-amid-the-growing-popularity

https://finance.yahoo.com/news/hector-finance-launches-much-awaited-123000682.html

https://menafn.com/1103642173/Hector-Finance-Launches-Its-Much-Awaited-Hector-Bank-Amid-the-Growing-Popularity

https://news.yahoo.com/news/hector-finance-launches-much-awaited-123000682.html

https://money.yahoo.com/news/hector-finance-launches-much-awaited-123000682.html

HECTORIANS!

Yesterday's AMA with Prometheus which was held at 20.00 UTC. Here’s the link for yesterday's AMA:

https://www.youtube.com/watch?v=0MSaxXcIWuM&ab_channel=HectorDAO

HECTORIANS!

Here’s a roundup of community questions from this week:
https://medium.com/@HectorDAO/ama-questions-for-the-week-of-january-31st-feb-4th-2022-baa0247421c9

Hectorians! TOR is still in Beta but already showing so much energy!

TVL: 1,575,000 $
APR: 61.74%

Do not forget everyone can join this farming pool also depositing USDC/DAI here 👇
https://ftm.curve.fi/factory/62/deposit

The LP you create can then be staked into our farming page:
https://app.hectordao.com/#/farming

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TIP-009A - $250,000 investment from treasury into upcoming Metaverse projects!

Vote 👉 https://snapshot.org/#/hectordao.eth/proposal/0x37de6bd542e6bb95ebb6af55965f5899f7f4a1a28a47afd2b96bd135d761d7f4

HIP-009 results

HIP-009 on the allocation of $5,000,000 from the DAI treasury to perform 10 different medium-high risk investments (500k each) over the coming weeks passed! Over 96% was in favor.

Background of the previous HIP-009

Our Market cap/RF treasury is incredibly healthy. The Treasury willl continue to be used for relatively safe investments with investment contracts. We aim for investments with stable yields of 20-25%. However, we asked for input from our community on 2022 plans. A common suggestion was to allocate a small part of our Treasury (5M proposed - less than 5%) into a few medium-high risk investments. Choosing the right projects, with the help of the community, will help us to potentially make great returns from which our protocol will benefit.

As such we are launching the TIP governance system. A TIP is a Treasury Investment Proposal.
More details; https://t.me/hectordaoann/588

Hectorians! More than 860,000 $ are into our TOR Farming Pool!
Investors are earning 50% APR on a Stables farming!

Good results for a Beta, or not? 😉

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Lot of good news today! Circulating supply is almost 100,000 HEC less than it was at the top (https://app.hectordao.com/#/dashboard).

Almost $5,000,000 TVL on Hector Bank, surpassing Spirit Swaps TVL in just a few days after Hector Bank was launched (https://lending.hectorbank.com/network)!

$TOR Beta Testing is going great. No issues and already $1,000,000 in our farming pool just with Beta Testing. Can you image what will happen when $TOR fully launched? (https://app.hectordao.com/#/farming)

Oh and we are trending on CoinmarketCap. 🚀

Hectorians!  The first day of TOR Minting & Farming has been a success!
The TOR Farming TVL is way more than 400k $ right now!
Currently, the APR is around 50%, paid with wFTM.

More than 220k TOR have already been minted, which means more than 220k $ worth of HEC have already been burnt.

Thanks again to all the Beta Testers for the dedication, help, feedback, and ofc, for their investments!

The TOR public release won't be as far as some think. Stay tuned!

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HECTORIANS: We have added a Circulating Supply graphic to our dashboard at https://app.hectordao.com/#/dashboard!

Supply is pretty stable at the moment because of buybacks and burns.

More information on our buyback strategy and how it works: https://medium.com/@HectorDAO/buyback-and-burn-c82c866fc168

As you all know, our goal is to keep the rebase model intact on a sustainable way. Ideally, more HEC is burned than minted. Buybacks are done in various ways: staggered LP buybacks (see article), direct buybacks from the treasury (if required), buybacks with revenue from the subproject(s) such as Hector Bank, and buy backs from revenue of treasury investments.

HIP-017 ended. More than 88% voted in favor of a dynamic APY ranging from 200-1500%, set by the team.

We will continue to find the perfect balance between a sustainable APY in this range and our goal of being deflationary.

TOR will contribute a great deal, as TOR can only be minted when a user burns HEC.

The future is ours 🚀

HECTORIANS! Here’s a selection of marketing pushes (only press articles) we’ve made over the last 10 days. The word is spreading!

https://ambcrypto.com/hectordao-building-a-range-of-use-cases-in-the-fantom-ecosystem/

https://www.newsbtc.com/press-releases/hector-dao-reveals-major-ecosystem-expansion-plans-for-2022/

https://btcmanager.com/hector-dao-set-to-launch-its-hector-bank-with-more-services-set-to-debut-in-2022/

https://www.investing.com/news/cryptocurrency-news/hector-dao-gears-up-for-an-eventful-2022-with-major-listings-and-expansions-2745922

https://www.marketwatch.com/press-release/hector-dao-eyes-two-major-listings-to-begin-its-2022-expansion-campaign-2022-01-24?tesla=y

https://coinquora.com/hector-dao-gears-up-for-an-eventful-2022-with-major-listings-and-expansions/


ambcrypto, one of the largest cryptocurrency and blockchain news portals with over 3 million reads has featured us also in 4 other languages!

Chinese
https://cointelegraphcn.com/press-releases/hector-dao-is-emerging-into-2022-with-ambition

Spanish
https://es.ambcrypto.com/hectordao-creacion-de-una-variedad-de-casos-de-uso-en-el-ecosistema-fantom/

Japanese
https://jp.ambcrypto.com/japenese/article/23052/

Korean
https://kr.ambcrypto.com/korean/article/21227/

Hindi
https://hind.ambcrypto.com/hindi/article/8662/


Cointelegraph, one of the largest crypto publications on the internet has featured us in 7 other languages to represent our 2022 plans to a bigger audience!

German
https://de.cointelegraph.com/press-releases/hector-dao-is-emerging-into-2022-with-ambition?_ga=2.177508966.211850255.1642606255-1632400692.1642606255

Spanish
https://es.cointelegraph.com/press-releases/hector-dao-is-emerging-into-2022-with-ambition?_ga=2.253066826.211850255.1642606255-1632400692.1642606255

Portuguese
https://cointelegraph.com.br/press-releases/hector-dao-is-emerging-into-2022-with-ambition?_ga=2.253066826.211850255.1642606255-1632400692.1642606255

Turkish
https://tr.cointelegraph.com/press-releases/hector-dao-is-emerging-into-2022-with-ambition?_ga=2.216440789.211850255.1642606255-1632400692.1642606255

Italian
https://it.cointelegraph.com/press-releases/hector-dao-is-emerging-into-2022-with-ambition?_ga=2.215514836.211850255.1642606255-1632400692.1642606255

Japanese
https://jp.cointelegraph.com/press-releases/hector-dao-is-emerging-into-2022-with-ambition?_ga=2.186153962.211850255.1642606255-1632400692.1642606255