Topic: {ANN} Hector Network: Where (3,3) & (4,4) became; A Deflationary Utility Token. - page 17. (Read 14251 times)

Dear Hectorians,

We have had an internal discussion within the Core Team about our name. We intended to rebrand Hector Finance as the name for our Ecosystem, as 'DAO' is at the moment mainly associated with Olympus forks and we have moved on. We obviously will remain a DAO in the sense community decides on our future. This won't change.

However, as we are focusing on building an Ecosystem with subprojects that in it's core can not be qualified as 'financial' in the strictest sense (Hector Game, Hector NFT, Hector DEX, etc.), other team members are in favor of just the name 'Hector'.

All we know is: the decision of our community is decisive. So let's hear it!

Vote: https://snapshot.org/#/hectordao.eth/proposal/0x7bee6a7645e95a6180e834b040055c363165e82c556949b41c6cdc0986aae936

---

---

Hectorians!
The participation to the TOR Beta Access Whitelist is Amazing, we got over 800 participants right now!
Thanks everyone! 🙏

In few hours who will be selected to join the Beta program, will be added to a dedicated Discord Channel, where they will receive all the info on how to Mint TOR and how to start Farming wFTM with a nice (but temporary APR).
Our aim is to maintain this APR competitive in the stable-world between 20-30%.

TOR minting and Farming for Beta users will start within 48 hours (we hope much sooner)
TOR public release will happen at the end of the next week.

Wish you a great weekend!

HECTORIANS! We are now opening the selection process for those who want to take part in the TOR beta test.

Applying through the site will give you 1 entry ticket, but more can be gained by completeing the tasks listed after entry.

Apply here: https://hectordao.com/giveaway

---

---

TIP-007 has been concluded

1M worth of MIM have been swapped in the last days info wFTM, and then placed into the Treasury.

We bought at the price from 2.04$ to 2.30$, with an average price of around 2.20$

The Treasury now contains almost 1.2M of FTM (enough for 2 Validator Nodes )

https://ftmscan.com/token/0x21be370d5312f44cb42ce377bc9b8a0cef1a4c83?a=0xCB54EA94191B280C296E6ff0E37c7e76Ad42dC6A

HECTORIANS!

Because we saw the need of liquiduity being provided to the Hector Bank, we decided, after letting you vote on it, to supply in total $1,000,000 of liquidity to the bank in the following assets:

$500,000 DAI

$500,000 FRAX

It’s a huge pleasure to us that the Hector Bank had such a succesful start. Within the first 24hrs of listing we are already at a TVL of $4,000,000+ in assets value that is supplied to the lending and borrowing protocol!

Thank you community for having this trust in our bank protocol!

We ❤️ YOU!

---

---

TOR's Alpha testing is going pretty well!
The @Staff and the Mods are joining the Alpha testing and we're all already testing the Pool and the Farming options.

This is what happens when someone mints TOR:

1) USDC (or DAI) is being used to Mint TOR
2) USDC is being used to buyback and burn HEC
3) People receive TOR that can pair with USDC or DAI to farm WFTM on our Dashboard

Stay tuned for the Beta Whitelisted Spots!
(Contest soon! 👀 )

BitKeep support Hector DAO!

Thanks, that's great! Let's boost their tweet a bit 🚀: https://twitter.com/BitKeepOS/status/1485511680901943297?t=U969IT5VKRjMFNFsIDOvTg&s=19

BitKeep is a decentralized multi-chain digital wallet, dedicated to providing safe and convenient one-stop digital asset management services to users around the world. Currently, there are nearly 5 million users covering 168 countries!

---

---

HECTORIANS!

Hector Bank launches 🏦 As promised, here you can now find the full documentation including user guides on our gitbook documentation pages: https://docs.hectordao.com/hector-bank/what-is-hector-bank

In combination with the launch of Hector Bank, we’d like to now officially announce our partnership with Ola Finance! Ola Finance allows projects to create pools of tokens which can be lent and borrowed, and offers significant customisability over the parameters of the protocol created.

What happened with Rari?
We mutually decided to end our collaboration with Rari. Rari capital was and is going through significant changes in the form of a merger, which requieres full focus from all of their team members. This meant that it was not viable to finish the lending and borrowing protocol in a way that would:
A) Meet our deadlines as a community and;
😎 Include all the features we wanted to have

There is absolutely no animosity between Hector and Rari - we’re still friends and are keeping the door to cooperation very much open for the future 🙂

Why was this not annouced before now?
Unwinding partnerships of this size take time and attention to detail - announcing something before everything was ready would have hindered the process we’ve made on Hector Bank, and in markets as uncomfortable as these, security is paramount - we wanted to have a finished product to show before announcing this change.

Hector Bank is complete, and has all the features that we’ve always wanted to launch with.

How does the new partnership work?
In the same way as the partnership with Rari, minus the upfront payment of $500k in HEC tokens - we simply share revenue as was always planned

Look out for updates on Hector Bank in the coming days and weeks. We’ll be adding more tokens to the lending and borrowing markets, and will be doing huge amounts of marketing 🔥

We can’t wait to share Hector Bank with all of you tomorrow, and we can’t wait to develop it further over time 🔥

P.s Remember to read our documentation!

https://docs.hectordao.com/hector-bank/what-is-hector-bank

Hectorians! We have reached 10k Reddit members in our HectorDAO subreddit!

Congratulations, and use the link below to join our growing community there!
https://www.reddit.com/r/hectordao/

Our Telegram community has grown so much! We started at 0. Now we’re at 20,000. https://t.me/hectordao

See you at 30,000 😉

---

---

TIP-007 - $1,000,000 Investment from Treasury in FTM

Vote here: https://vote.hectordao.com/#/proposal/0x0138ee0f121fd1519b83d522478f7709a886fd1d014317426c2acc7c76a65529 🙏

Markets are rough Hectorians, be safe out there! At the same time, these difficult times provide potentially great entries. Hector's success is tied to Fantom's success, and as you all know, we are Fantom-believers.

Although TIP's normally propose three projects for a $500,000 investment subject to a vote, with TIP-007 we propose a $1,000,000 from the treasury into Fantom (FTM).

As we have touched upon briefly a few times during AMA's, we are planning running our own FTM validator nodes. Initially we will add FTM to the treasury, which will subsequently be used for validator nodes.

After TIP-007 ends, we will (if yes) withdraw $1,000,000 from the Treasury to a secondary wallet and will perform the investment in the following hours. (We'll analyze the target project chart to find the best moment to jump in, and may do multiple smaller transactions instead of a big one).

Thanks for your vote!

Hectorians!

Show some ❤️ to Bitrue!

https://twitter.com/BitrueOfficial/status/1484073261394632709

---

---

Hector Bank Launches on the 24th of January 2022

Hectorians, like Prometheus just announced: the time is upon us. Hector Bank launches in just a few days! The first part of the Hector Ecosystem: soon to be *the* major financial center in the Fantom space and beyond.

Read everything about the key concepts of Hector Bank and how the protocol will work in this Medium article:

https://medium.com/@HectorDAO/hector-bank-launches-on-the-24th-of-january-2022-290880b84fdf

Before launch, we will release a set of documents as well 👌!
More details; https://t.me/hectordaoann/528?single

Hectorians!

Deposits and Withdrawal are Opened at MEXC!
D: https://www.mexc.com/assets/deposit?currency=HEC
W: https://www.mexc.com/assets/withdraw?currency=HEC

They just announced our Listing and the Kickstarter airdrop, show them some love ❤️
👇
https://twitter.com/MEXC_Global/status/1483740637359140864

---

---

Hectorians,

In our 2022 plans, we outlined our ambition of moving away from being a fork or even a spoon of OHM. We want to become our own project, unique in how we operate, what we offer, and the paradigms we set.

We deeply respect what OHM has achieved and we thank them for their contribution to the crypto space. Now is the time for Hector to forge its own path, and given the volatility of the markets recently, carrying significant gOHM/HEC LPs may expose us to unwanted arbitrage down the line.

Therefore, we have decided to close our gOHM bonds.

Over the last few hours we have split the accrued gOHM/HEC LP into HEC which has been burned, and we have converted the gOHM to DAI which has been used for additional buyback and burns of HEC tokens.

Why was this not announced ahead of time?

We have deep respect for OHM and the OHMies. The last thing we would want to do is to cause FUD by announcing this which may have harmed Olympus and it’s community. Many Hectorians are OHMies and many OHMies are Hectorians. There is nothing but love between both teams and communities.

We can’t wait to see Olympus grow and thrive, and we can’t wait to forge a path for ourselves.
More details: https://t.me/hectordaoann/520

HECTORIANS!

Cointelegraph, one of the largest crypto publications on the internet has featured us in an article outlining our 2022 plans.

SHARE THIS EVERYWHERE!

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

---

---

When Buyback and Burn?
Why are we below the Backing Price?

If you still have not had a look at our Medium article explaining how Staggered Buybacks are intended to work, please do it:
https://medium.com/@HectorDAO/buyback-and-burn-c82c866fc168

Our buyback contract already did some action in the last hours, helping to mantain a nice price floor.
Here are the txs:

https://ftmscan.com/tx/0xed82164eaec67e7ada106d863a01b31a5202b845450815bcde20cbddcf54503f
https://ftmscan.com/tx/0xb5c508a917dfa3f98880eafe5f9724d5048796ee2b8d9b6193da3be896a915f9
https://ftmscan.com/tx/0xe6bdd87ceabd9e3f24106200bbbaf10503e0503e2e0f7726fc5711908180683d
https://ftmscan.com/tx/0x394103e5638887f54b052d36290cb2be494c1d817de66fb7bce676661675738e
https://ftmscan.com/tx/0x407673628163228a815fef7ae8ca9d8a9e74ad00720f190c73509cd1dbc4def8
https://ftmscan.com/tx/0x588da651d11a6fba010cd7efeb24ecbc0cb5f3b0a5518b71e670fe41e8632c73
https://ftmscan.com/tx/0x25c924b8a971cfcd9c9e0d14652b2568af6ab115a7558707eed7063320e1397c
https://ftmscan.com/tx/0x3ba9bd815fafa06a6078991237d184f27e6ce622dcdd711ac6990fa81815ecfc
https://ftmscan.com/tx/0x45f0e1687dad7b7d250ab561d57325f95420dda2ea017424866c17e2998b8af2
https://ftmscan.com/tx/0x99b3583ce49df0aedf86e14b2e663b787f906f664051a5d27d0984304171dbef
https://ftmscan.com/tx/0x688c82d721cb564f6e405bdc89eb01a6c413bca27c06f8cb5ab3893ce9ab3c56
https://ftmscan.com/tx/0x44b9ec9da6f0104f401a3320aac63fd342587f2e341187c65740dcabfca9fcc0

235k DAI have been used to buyback HEC.
These HEC have been automatically burned.

Don't forget these buybacks are NOT intended to "PUMP" the price.

More details; https://t.me/hectordaoann/511

Roadmap update: 🟢 https://roadmap.hectordao.com/

Our 2022 Master Plan (that was based on the input from the community) is amazing and we received incredibly positive feedback. The 2022 Master Plan did however not yet contain a timeline.

After careful considerations with our developers, we just updated our roadmap! On https://roadmap.hectordao.com/ you can see when the Hector DAO Ecosystem will be rolled out.

First up: Hector Bank and Hector Stablecoin. You can expect both these instrumental parts of our Ecosystem in the next weeks (but sooner than you think!).

---

---

HECTORIANS! Our lovely friends at AltcoinBuzz have written some nice content about us!

Read them, share them, show some love ❤️

https://www.altcoinbuzz.io/cryptocurrency-news/product-release/top-5-low-cap-altcoins-in-fantom/

https://twitter.com/Altcoinbuzznews/status/1483070607013163015

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?

▶️ https://vote.hectordao.com/#/proposal/0xbef6eb9ffe09189ec4037c015122b0ac6d28488fe8e9cae94ea6a01dfde1f165

The 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)



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.

Best project amd long vision. Fantom network is growing and may be HecterDao will be one the top project in Fantom network. It will be better if they use multi chain network like Eth,Bsc also.
I have a small question:
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.

HECTORIANS!

As per HIP-013, HEC will be listed on DigiFinex on January 17th. Expect a lot of marketing activities from DigiFinex over the coming days 😉

Deposit time: 03.00 UTC - January 17th 2022
Withdrawals open: 03.00 - January 17th 2022
Trading begins: 07.00 UTC - January 17th 2022

For full information including specific times and terms, visit the link below:

https://digifinex.zendesk.com/hc/en-us/articles/4414600424345

---

---

TIP-004/005 has been completed. 1M worth of ETH have been bought and deposited into the Treasury.

Here's the TX:
https://ftmscan.com/tx/0x4dd18d5633eae1f0d7dfffd9d0775be39dcf682aa4d3a3e8056a875280bfdbb1

In few hours this amount will be shown in the dashboard.

We noticed a lot of requests also for MATIC investments.
We can confirm MATIC will be there again into a future TIP vote.

Stay tuned for TIP-006
More details; https://t.me/hectordaoann/493

HECTORIANS!

This week’s AMA will be on Friday at 20.00 UTC.

See you there!

---

---

HECTORIANS!

Over the last week, a DAO fan has been running a secret test to see which DAO offers the best return on investment.

Hector won, but we think it’s best not to spoil the surprise by telling you all how far we won by.

Read for yourself here: https://www.ipaddressguide.org/the-rebase-token-battle-results-from-week-5-january-5-january-12/

---

---

Hectorians!

We have received, yet another article from our friends over at Altcoinbuzz!🚀😎

As usual, check it out ! Link below:

https://www.altcoinbuzz.io/cryptocurrency-news/product-release/top-crypto-news-01-10-fantom-transactions-surpass-avalanche/

---

---

71% 🚀We received the preliminary report and are in touch with Certik to answer some questions. Its all looking good and we are very confident we will receive a beautiful final audit report.

Safu. Safu-er. Safu-est.
More details; https://t.me/hectordaoann/485

TIP-004 and TIP-005 $1,000,000 investment from treasury, mid/high risk plays

May we have your vote?

▶️ https://vote.hectordao.com/#/proposal/0x66be5491ee493d28bc40ccd2cdae80cb74b7633e73e903389c9d001a34b69500

Invest $1,000,000 from our treasury in ETH, BNB or MATIC? It's in your hands 🙏

Thanks Hectorians!

---

---

Hector Stablecoin Public Testing - Quick Development Update

HECTORIANS! The time has come to take another step forwards with our stablecoin. A new asset that we are introducing to (ultimately) turn Hector DAO into a deflationary asset, while maintaining the rebase model.

Our preliminary tests have been a perfect success. It’s now time to move forwards with an alpha test. We will be deploying a basic version of the stablecoin soon and will be making sure that the more complex features work as intended on-chain.

Then we will run a small, controlled, community trial.

Keep an eye out for more announcements.

PS: In the meantime, we are open to name suggestions for the Hector DAO stablecoin! Hit us up on Discord and Telegram!

More details; https://t.me/hectordaoann/481

HECTORIANS! The bigger we get the more languages are getting involved with HectorDAO. That’s why we decided to update our website in multiple languages.

The languages added are:

Arabic, Chinese, Dutch, French, German, Greek, Hebrew, Hindi, Italian, Japanese, Russian and Spanish

Have a look: https://hectordao.com

---

---

HECTORIANS!

Do not forget our amazing contest:

Hector Around The World

Our latest contest with a 200 HEC prize.

We love hearing about where our wonderful Hectorian community is based. We’re truly a global family, and we want to celebrate it, so we’re running a competition to highlight it.

1- Buy any merchandise that contains our logo at https://shop.hectordao.com (don't forget 50% of the profits will go to a charity association)
2- Wait the item to arrive to your home
3- Wear the merchandise and take a picture with a monument/landscape/building that identifies the part of the world where are you from
4- Post that picture in the newly created Discord Channel #🌎-hector-around-the-world (ONLY THE PICTURE, NOTHING ELSE IS ACCEPTED IN THAT CHANNEL)

Note: You can choose not to show your face if you wish

The 10 Best Pictures (chosen by the team) will receive 20 HEC (currenty 1300$ each)

Total Giveaway Pool Size: 200 HEC (currently 13000$)

The deadline to send your photos is 12.00 UTC on February 12th
More details; https://t.me/hectordaoann/471

Reserved