HTC.CASH - The DeFi Ecosystem Powered on HECO CHAIN

nugez (25)in #blockchain • 4 years ago (edited)

Introduction

The Ethereum Network is one among the most widely used network that power majority of these DeFi platform but there are lots of shortcoming in this network . High gas price and slow transaction speed are the major problem if the network. HUOBI Blockchain known as Huobi Ecological Chain (HECO) has emerged to reverse these ugly trends. HECO is the blockchain network of HUOBI platform . It is an advance blockchain network designed to correct the existing errors in most blockchain networks.

HTC.CASH is a stablecoin pegged to HT which is built on the Heco Chain and based on an algorithmic mechanism that
makes the price stable. HTC.CASH builds on the demand for transactions in the HECO ecosystem. Because it is well known that the Huobi Ecological Chain (HECO) ecosystem has developed quite significantly in recent times so that stablecoins such as HTC, CASH are needed to meet the growing demand for transactions. HTC.CASH is built on the HECO chain ecosystem which has lower fees and faster transaction processing compared to Ethereum. And the reason HTC.CASH is not pegged to USD dollars or GOLD is that it will depreciate with the inflation of anchors so that HTC.CASH is pegged to HT tokens because the amount of HT is constant and without devaluation problems, and several other reasons that make HTC.CASH better to be pegged to HT token.

HTC ANCHOR CASH ECOSYSTEM
HECO is a very robust blockchain platform which has survived all odds in Crypto ecosystem . With the growth of the ecosystem, the team see it as a priority to create a digital assets that will be pegged to HT so as to meet the growing demand for the global users daily transactions. It is not strange in crypto sphere the difficulties all crypto users face while using Ethereum network , the high gas price is a barrier that can prevent the entrants of new users into the crypto sphere , hence preventing massive adoption. The team of Huobi has emerged to solve all these problems by developing a reliable, safe and highly affordable blockchain network named Huobi Ecological Chain (HECO) . This network will be solve the existing high gas fee problems all crypto users encountered while using Ethereum blockchain . HECO has developed the safest , reliable and highly affordable blockchain network with high network speed . HT network implements a brilliant and highly reliable algorithm which ensures price stability and ensuring there is no devaluation barriers.

HTC.CASH Token

HT ANCHOR CASH protocol launches 3 types of tokens that have their respective roles. First is the HTC (HT ANCHOR CASH) which is the main token of the HTC.CASH protocol. The second is HTS (HT ANCHOR CASH Share) which users can get by providing liquidity to the pool and this can also be used by users for staking. And the third is the HTB (HT ANCHOR CASH Bond) bond which will be issued when the coin price is below 1 HT and when the HTC price passes 1.1 HT, HTB token holders can exchange HTC back at a ratio of 1: 1.

HT ANCHOR CASH launches 11 initial mining pools, users can stake HT, HUSD, HBTC, HETH, HLTC, HBCH, HDOT, HBSV, HFIL, DEX token RAB and algorithmic stable token BAG, a total of 11 HRC-20 assets to participate in HTC mining.

The total supply of HTC is 11,000. As a reward, it is fairly distributed to each mining pool. Each mining pool can mine 1,000 HTC for 10 days, and each mining pool produces 100 HTC per day.

HTS distribution will begin immediately after HTC starts to distribute, totaling 2,480,001, of which 9% will be allocated to DAO and development team, 11% will be allocated to early investors, 4% will be used for marketing and centralized exchange listing, this part will be unlocked in proportion to the mining output, no pre-mining. 1 HTS as the initial liquidity will be added to the liquidity pool on DEX, 2 million HTS are mined and distributed to 4 mining pools:

HTC-HT-LP mining pool: 750,000 HTS

HTS-HT-LP mining pool: 250,000 HTS

HTC-HUSD-LP mining pool: 750,000 HTS

HTS-HUSD-LP mining pool: 250,000 HTS

In conclusion, This platform is powered on Huobi ECO Chain which guarantees convenience for the users, high transaction speed, security and cheap transaction charges. The team comprises of topnotch professionals in their domains. They have ambitious goals which will enable them to set new standards for the Market. To achieve this goal a strong Team is built with all the necessary skills, talents and long-time experience needed for the project. Most of the team members have verified LinkedIn profiles.

Be a part of this tremendous project and follow the links below for more information;

Websit: https://www.htc.cash/

Weibo: https://weibo.com/tokenpocketwallet

Telegram: https://t.me/tokenPocket_en

Telegram: https://t.me/HTC_CASH

Telegram Channel: https://t.me/HTC_CASH_CHANNEL

Twitter: https://twitter.com/TokenPocket_TP

Medium: https://tokenpocket-gm.medium.com

Facebook: www.facebook.com/TokenPocket/

Github: https://github.com/HT-ANCHOR-CASH

Gitbook: https://htanchorcash.gitbook.io/htc/

Email: [email protected]