Topic: {ANN} Hector Network: Where (3,3) & (4,4) became; A Deflationary Utility Token. - page 7. (Read 14277 times)

Hectorians!! Did you know that there is a Trading Volume Competition on Bitfinex with a prize pool of 750 $HEC? Join the Competition and win your share of 750 $HEC!
 
🤔 How to win? 👇
 
✅ Trade $HEC on Bitfinex
 
✅ 🔝 100 participants in $HEC trading volume will be rewarded
 

🎁 750 $HEC Prize Distribution 👇
 
💰 1st place: 40 $HEC

💰 2nd place: 30 $HEC

💰 3rd & 4th place: 20 $HEC

💰 5th - 10th place: 15 $HEC

💰 11th - 30TH place: 10 $HEC

💰 31st - 100th place: 5 $HEC

 • Prizes will be distributed on or before Nov. 25th 2022 (one prize per person)
Start: Nov. 2nd at 14:00 UTC
End: Nov. 16th at 23:59 UTC
 
ℹ️  More info 👇
 
🌐 http://ow.ly/J0P450Llru9

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Hectorians!  After reviewing our previous HIP's and the realization that we missed a commitment to maintain staking of HEC outside of the Emission Plan combined with over 48% of sHEC still active and community members expressing the desire to maintain using their wsHEC as collateral whilst earning an index reward multiplier for TAX purposes, we are pleased to announce that we have a new revision of the Staking page in our ever growing Hector Farms offering so called Lockless Staking where you can enjoy the previous benefits of sHEC and wsHEC without needing to take any action. The APY will be around 5% there and may be changed in the future.!

We are pleased to announce that we have launched our second Emission Plan Farm USDC-HEC, and with that we have also launched the Emission Plan Voting system where your HEC or your FNFT can be used to vote for your favorite farm. Your votes influence the percentage of rewards to the farms you vote on.

This is how it works:
Before the "Next Reward Distribution" countdown timer expires (visible on the voting page), the Emission Plan controller will automatically tally up all votes from the previous period from all the users that voted and determine the new reward percentage for the existing Emission Plan lock farms.

So Vote for your farm and influence your rewards.

Hectorians!! Only 24 hours to submit your memes to the competition!! Memes need to be about Hector Network, $TOR, $HEC, Staff, Mods, community members!
 
🥇1st Place prize: $150TOR & a BVB Jersey
 
🥈2nd Place prize: $100TOR & a BVB Jersey
 
🥉3rd Place prize: $50TOR & a BVB Jersey
 
All participants will receive their share of a $100TOR rain and a Year 0 Meme Role!!!
 
Post your best Memes in https://discord.gg/dCQG6DJQ!

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‌Hectorians! Only 24 hours left to show your Hectorian Pride and enter the Merch competition!!

Post your best selfies in https://discord.gg/SY9dxY2N on our Discord server!

Doxing your face is not required to participate!

🥇1st Place prize: $150TO & a BVB Jersey

🥈2nd Place prize: $100TOR & a BVB Jersey

🥉3rd Place prize: $50TOR & a BVB Jersey

All participants will receive their share of a $100TOR rain and a Year 0 Merch Role!!!

..

Hectorians!!! November 1 marks the first anniversary of Hector Network as a company and a community! Some projects are not lucky or agile enough to achieve such a milestone, so let's come together as a community and celebrate this triumphant achievement!!!

We will host 24 hours of Mainstages, with special guests from the internal and core team, and a General Voice Chat Channel for the community to speak to each other. During these times, we will be giving away Mythos Whitelist spots, BVB Merch, and $TOR!!

Don't miss out!!

See the schedule below and join us on Discord 👉 https://discord.gg/hector

One Year Anniversary Schedule: Discord 👉 https://discord.gg/hector

07:00 - 07:30 UTC Mainstage with Core
- Mainstage subject: Core Team to speak on experiences during their web3 journey!

07:30 - 11:00 UTC General VC
- Come on stage and speak to the rest of the community and us.
- Lots of giveaways are slated for this block!
- You never know who will drop in from the Team!

11:00 - 11:30 UTC Mainstage with Core
- Mainstage subject: Core Team to speak on ecosystem creation!

11:30 - 15:00 UTC General VC
- Come on stage and speak to the rest of the community and us.
- Lots of giveaways are slated for this block!
- You never know who will drop in from the Team!

15:00 - 15:30 UTC Mainstage with Core
- Mainstage subject: Zeus - A new surprise!

15:30 - 16:00 UTC Mainstage with PR Team
- Mainstage subject: Instiinct & Poseidon will Speak on Hector Library and PR!

16:00 - 19:00 UTC General VC
- Come on stage and speak to the rest of the community and us.
- Lots of giveaways are slated for this block!
- You never know who will drop in from the Team!

19:00 - 19:30 UTC Mainstage with Art Team
- Mainstage subject: Chat with the original members of the Art Team. Learn how they make the iconic Hector Art and get a sneak peek behind the art curtain!

19:30 - 23:00 UTC General VC
- A Sneak Peak block! Tune in to see what will be shared!
- Lots of giveaways are slated for this block!

23:30 - 03:00 UTC General VC
- Come on stage and speak to the rest of the community and us.
- Lots of giveaways are slated for this block!
- You never know who will drop in from the Team!

03:00 - 03:30 UTC Mainstage with Graii
- Mainstage subject: The direction of Game nights with Graii and the events to be released this year!

03:30 - 07:00 UTC General VC
- Come on stage and speak to the rest of the community and us.
- Lots of giveaways are slated for this block!
- You never know who will drop in from the Team!

Hectorians! Join Instiinct & PierogiPierogi for a Discord Stage Event hosted by Double Protocol and find out what's coming up with Hector Network and Double Protocol and see what you can win in Double Protocol's Halloween Event 🎃

⌛️ Sunday, Oct 30, 2022 14:00 UTC

🌐 https://discord.com/invite/qhZKJNZ2fb

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Hectorians! The Staking page will only be public for another 3 days! If you have not unstaked your sHEC and moved your HEC into the Emission Plan we recommend you do it ASAP!
You can only earn rewards in the Emission Plan, and in 3 days you will need a written request to retrieve your sHEC from the staking program!

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Hectorians! If you would like to watch the Borussia Dortmund vs. VfL Bochum match LIVE, don’t miss your chance to win 2 tickets! 👇
 
🌐 http://ow.ly/2Q6x50Lo21A
 
See you at the stadium! 😍

Hectorians!! Do not miss Bitfinex & Hector Network Trading Volume Competition!
 
🤔 How to win? 👇
👉 Trade $HEC on Bitfinex
👉 🔝 100 in $HEC trading volume will win

💰 Prize pool: 750 $HEC 👉 Prize Distribution:

🏆 1st place: 40 $HEC
🏆 2nd place: 30 $HEC
🏆 3rd & 4th place: 20 $HEC
🏆 5th - 10th place: 15 $HEC
🏆 11th - 30TH place: 10 $HEC
🏆 31st - 100th place: 5 $HEC

*Prizes will be distributed on or before Nov. 25th 2022 (one prize per person)

Start: Nov. 2nd at 14:00 UTC
End: Nov. 16th at 23:59 UTC
 
 ℹ️  More info 👇

🌐 http://ow.ly/J0P450Llru9

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Hectorians! If you have not unstaked your sHEC and moved your HEC into the Emission Plan we recommend you do it ASAP!

You can only earn rewards in the Emission Plan, and in 5 days you will need a written request to retrieve your sHEC from the staking program!

Hectorians! Our Merch line is a window into the last year! All the rebranding, all the changes, our history is displayed across those items and shared by the users who have been here to see it all!

For this competition all you need to do is share a photo of you sporting your Hector Merch, or Oracle Merch, from any generation of the company!

Post your best selfies in https://discord.gg/SY9dxY2N on our Discord server!

Doxing your face is not required to participate!

🥇1st Place prize: $150TOR & a BVB Jersey

🥈2nd Place prize: $100TOR & a BVB Jersey

🥉3rd Place prize: $50TOR & a BVB Jersey

All participants will receive their share of a $100TOR rain and a Year 0 Merch Role!!!

🗣️ Our latest community update is now available with the link below! 👇

🌐 https://youtu.be/9jr3nPTqfWM

💫 Recent Highlights 💫
🔷 $HEC listed on bitfinex, tier1 exchange
🔷 The EmissionPlan has gone live
🔷 Verified on CoinMarketCap
🔷 Top Fantom project in the social performance

🎙 Happy Hour with Bourbon-n-Blockchain 🎙Join Instiinct & Pierogi for a Happy Hour hosted by CryptoDreko & MrMoonMaverick and find out what is new in Hector Network, what are new crypto trends and much more 🤗
👉 Wednesday, Oct 26th, 2022 01:00 UTC on YouTube https://www.youtube.com/c/BourbonnBlockchain

🎁 Mythical Daily Question 🎁 According to some sources, Zeus was the father of Tyche, Greek goddess after which Hector_Network's stablecoin $TOR was named.

❓ If Zeus was the father, who was Tyche's mother? 🤔

To win 👇

1️⃣ Follow Mythos_HEC on twitter

2️⃣ ❤️+RT
3️⃣ ✍️👇

Link: https://twitter.com/Mythos_HEC/status/1583897310723190784

Participate in our; A Mystery Game 💰 Prize: 20 $TOR 💰
_ _ _ _ _ _ _ _ _ _ _

What has been hidden behind those 👆dashes? 🤔

ℹ️ 1 word is needed. This emojis can help you: 🥞🔁

🤩 Let's solve that mystery! 🤩
 
1⃣ ❤️+RT
2⃣ ✍️👇

⏳ 7d Link: https://twitter.com/Hector_Network/status/1581721734671380480

Hectorians!  If you would like to watch the Borussia Dortmund vs. Eintracht Frankfurt match LIVE, don’t miss your chance to win 2 tickets! 👇
 
🌐 https://twitter.com/Hector_Network/status/1583456937597087744?s=20&t=HUz09Jmp-dAYkrGtyvMidA
 
See you at the stadium! 😍

Hello Hectorians! You know what time it is, the weekend is here and so is Game Night!

Join us live on Twitch for a chance to win your share of our $350 TOR prize pool!

🌐 http://twitch.tv/hectornetwork

🎃Halloween Giveaway! 🎃

 Join the Candy Catch Game by @DoubleProtocol to win
🎁 5000 $USDT
🎁 200+ #NFTs
🎁 @Mythos_HEC NFT whitelist spots & more!

20  @Mythos_HEC whitelist spots are available,  so stay tuned to find out how to get them! 👻

Hectorians! You can now trade openly on Bitfinex! This makes Hector Network and HEC more accessible to newcomers than ever! Being listed on a Tier one exchange is a major part of visibility and success for any blockchain-based company!

Trading Pairs currently available:

👉 HEC/USDT: https://trading.bitfinex.com/t/HEC:UST?type=exchange
👉  HEC/USD: https://trading.bitfinex.com/t/HEC:USD?type=exchange

 ℹ️  https://www.bitfinex.com/

Hectorians! What happened last week at Hector Network?

Read our weekly recap here 👇

https://medium.com/@Hector_Network/last-week-at-hector-network-de02409c8f65

Hectorians, The collateral factor for wsHEC in the Institute is set back to 50%, so people who want to withdraw from the Institute to lock their HEC in to the Emission Plan than that can be done from now on.

Have a great day/evening/night! ❤️

Hectorians, here is some more great news! We are officially verified on CoinMarketCap Community! Although our profile is relatively new, it is growing fast! Thanks to our amazing community who supports us on all our socials!

To check out that awesome blue tick 👇
🌐 https://coinmarketcap.com/community/profile/HectorNetwork

Hectorians, It's begins. Pre-anniversary ramp up has arrived and Game Night is shifting gears.

You don't want to miss a second of the action or a cent of our $150 TOR prize pool! Join us live on Twitch at http://twitch.tv/hectornetwork

Dear Hectorians, 🤩 We're so excited that we’re so close to Open Trading on our first Tier1 Exchange! 🤩!You can now deposit on Bitfinex!

Trading Pairs currently available:

HEC/USDT
HEC/USD

‌ℹ️ https://www.bitfinex.com/

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A Mystery Game 💰 Prize: 20 $TOR 💰
T_ _  _ _ _ _ _ _ _ _   _ _ _ _

What has been hidden behind those 👆dashes? 🤔

ℹ️ 3 words are needed. We have all the letters but they've been mixed up 👉  Phenomenal I Sits 😱

🤩 Let's solve that mystery! 🤩
 
1⃣ ❤️+RT
2⃣ ✍️👇
https://twitter.com/Hector_Network/status/1581721734671380480
⏳ 7d

Hello Hectorians, Due to the exceptional diligence of several community members, a discrepancy between projected and actual rewards was brought to our attention. Naturally, this was a huge concern and prompted an immediate investigation into our contracts. The results revealed a mistake wherein the Average APR was displayed rather than the Base APR.
This discrepancy was caused by a programming issue on the dApp, not a contract issue. All the rewards were distributed as they should be. However, users calculating based on the displayed APR would have had inconsistencies. Our contracts are safe, secure and functioning 100% as intended. The programming has been updated on the dApp UI, so the confusion doesn’t persist.

An example to illustrate the issue: Let’s say the APR displayed was 177, and the user had a 3-year timelock, giving them a 3X boost modifier. The expectation should be 531 in rewards. But that wasn’t what was received; what was received was 300. This is because the Base APR used in the calculation isn’t 177; it’s 100. Understandably this is not an ideal situation. Our preference would have been to have (and always have) a flawless rollout. However, since the APR is designed to fluctuate, and at all times, this issue was still well above the promised 50% floor for the first period- as far as errors go, we’ll take this one over the alternatives. As a reminder to the community, the APR is a dynamic number designed to fluctuate and drop over time. The % is primarily based on how many users have deposited their HEC into the plan and how many farms are operating during the plan. Since the amount of rewards emitted each period is fixed, only the APR can change to keep the plan balanced. Our deepest apologies to the community; we know this is an inconvenience. Rest assured, the contracts are operating as they should, and no user has lost out on rewards.

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Dear Hectorians, We’ve had lots of reports about the fact that the collateral factor for wsHEC was set to 0 right after the ending of the rebases last Tuesday. We can understand this has brought some inconveniences and we’ve been in talkas with OLA since then to find a proper solution.

First the explanation why OLA set the collateral factor for wsHEC back to 0:

They have set the collateral back to 0, because the rebase was stopped and thus the index of wsHEC also. Which could lead to a price problem regarding wsHEC, therefor security measures needed to be taken. A new price oracle will be written which multiplies the ‘old’mindex from wsHEC with the current price of the HEC/USDC pool on spooky. Then the collateral factor can be set back to what it was, and people can pay of their loans if they would like to do, and also withdraw their wsHEC from the Institute if that is preferred.
At first it looked like this would be ready next Friday, but tonight we’ve received the message that the price oracle will be ready on Wednesday, an ETA will follow shortly we hope.

Then we also talked about the option to create a farm for owsHEC in the emission plan so people that have used wsHEC as collateral also could farm with their owsHEC for the shortest locking period (so there’s the least chance of getting into problems), but OLA stated that this isn’t possible to do. This is due to the fact that if (o)wsHEC is used as collateral in the Institute the assets will be locked into your wallet, so loans can be paid off if needed. And in the case of a liquidation, then there always will be the assets in the Institute to pay off the debt.

We are exploring the possibility to create a kind of wrapped token that can be used in the emission plan, which then will not get HEC rebases every day but will grow regarding an index just like wsHEC did with the rebase function.

We're thrilled to announce that we're fulfilling our promise: shortly we will be listed on Bitfinex, our first Tier 1 exchange!

Making it onto a Tier 1 exchange is a massive milestone in developing any crypto project. Presence on a Tier 1 is essential for the health of a protocol, and it provides access to users with broader portfolios, significant exposure, legitimacy and accessibility. This listing will also increase our (continually growing) appeal as a partner. The more milestones and massive partnerships we can achieve, the more doors open to us as we develop our ecosystem!

Bitfinex was founded in 2012 and it is one of the crypto world’s legacy exchanges which consistently performs as one of the highest ranked exchanges.

More information about the listing will be announced in the coming days, so stay tuned!

ℹ️ https://www.bitfinex.com/

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Hello Hectorians! It's time for the Season 3 finale of Game Night!

Special announcements and sneak peeks at the Season 4 lineup plus, your first intro to the new recruiting system! All with a prize pool of $350 TOR that you do not want to miss!

Join us live on Twitch at http://twitch.tv/hectornetwork

Hey Hectorians! Come visit our booth at NFT.London!

We're thrilled to be a sponsor of this massive event, perfectly timed to hype Atlantica!

We will have a massive presence at this event, including team members presenting and hosting our booth! Stop on by to say hello, talk Hector Network and Atlantica and see all the amazing projects who will be present along side us!

November 3rd-4th 2022 in London, England.
ℹ️  https://www.nft.london/

🏆Top Fantom Projects by Twitter Community Size🏆:

🥇 @unstoppableweb
🥈 @Hector_Network
🥉 @MagicCraftGame
@Spirit_Swap
@EverRise
@SpookySwap
@TankWarsZone
@AlpacaFinance
@tombfinance
@PenguinKarts

Source: https://twitter.com/Hector_Network/status/1579930370774282240

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Hectorians! What happened last week at Hector Network?

Read our weekly recap here 👇

https://medium.com/@Hector_Network/last-week-at-hector-network-6d1577e671f1

It's finally live! We're so thrilled, Hectorians, that the Emission Plan is fully operational! If you have not already unstaked your sHEC from the "Stake" page on the dApp, we recommend you do it ASAP! Moving the tokens over to the Emission Plan ensures no additional loss of rewards!

The "Stake" page will be available until October 31st, after which you will need to contact the team and get assistance to retrieve your HEC!

Timelock your HEC into the plan: 🌐 https://app.hector.network/emissionsplan

The Emission Plan: Some important information
 
👉 To earn rewards from the Emission plan a user must timelock. However, after that time lock expires, the tokens are still considered “Staked” and will continue to earn rewards with the APR boost modified awarded to them based on the timelock length. At this point the HEC can be unstaked at anytime. 
 
For example: A user can timelock for 7 days (the lowest offered) and earn the APR Boost of XX%. After the 7 days their tokens remain in the farm until manually removed and would earn rewards using the same APR boost of XX%. 
 
👉 APR Boost vs APR :
The APR of the emissions plan is a constantly changing number, based on the period of the plan and several other factors.
The APR Boost is the modifier assigned to a user based on the length they choose to lock and could be unique to each deposit. While the APR can and is supposed to fluctuate over the course of the plan, each APR Boost is designed to remain steady.

👉 Users who hold wsHEC will need to both unwrap wsHEC to sHEC and unstake sHEC to HEC before they can enter the Emission Plan.
 
👉 Users who are using their wsHEC as collateral against a loan in Institute: there is no problem waiting if it is not an advantageous time to liquidate your collateral. You might suffer some reward loss in the meantime, however you will be able to unstake and unwrap your HEC later, even after the "Stake" Page is removed on the 31st. Do not feel pressure to pull yourself out of a position before you are ready too.
 
👉 Each time you timelock a batch of HEC, an ERC-721 NFT is minted that represents your timelocked tokens.
 
👉 When your timelock has run out and you unstake your tokens from the plan, the NFT is dissolved. 
 
👉 These NFTs are not soulbound.

Thanks to the DeFiTeller Team for your time and dedication to documenting our history from an independent viewpoint! 😍This is a worthwhile read for all that ponder about where HectorNetwork began and where we are building toward as a Blockchain Utility Ecosystem.

Read more in our detailed review 👇🏼
https://defiteller.guru/hector-network

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📊 The Emission plan starts tomorrow! Rewards received will depend on the locking period length.

❓ For how long do you plan to lock your $HEC?
Let us know: https://twitter.com/Hector_Network/status/1579713703104352256

A WEEK ON HECTOR NETWORK A massive week of hector network with the appearance of 3 partners:

• DePocketFinance
• LetsCreateMagic
• justmoneyIO

And the $TOR milestone. This will give hector_network a great stepping stone for more growth in the future.

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Play A Mystery Game: 💰 Prize: 20 $TOR 💰_ _ _ _ _ _   _ _ _ _ _

What has been hidden behind those 👆dashes? 🤔

ℹ️ 2 words are needed. This emojis can help you:  👻⛓️

🤩 Let's solve that mystery! 🤩
 
1⃣ ❤️+RT
2⃣ ✍️👇

⏳ https://mobile.twitter.com/Hector_Network/status/1579184995033559040