Introduction:
DeFi as we know it did not just come to be. Although, it is not a term that has lived in the digital space for years, yet it is already a reliable and trusted concept #DEFI. HECO is the first platform to be introduced by the Huobi Public platform. HECO is a decentralized public chain that is adaptable to smart contracts and carries out fast transactions. The main asset of HECO is Huobi Token(HT) which adopts a HPoS type of consensus. There are many challenges that Blockchain is currently faced with, but HT Anchor Cash(RAB) will provide solutions to these numerous problems through the administration of HECO #HECO.
HT Anchor Cash standard
HT Cash is the supporting coin of HECO and is used as a means of payment on the public chain. HTC is the original stablecoin to be featured on the HECO chain unlike fiat-backed cryptocurrency that is always open to inflation because of inadequate fiat money to back them up. The main Huobi Ecochain token, Huobi Token which is the original token of HECO has a steady supply and will help to balance inflation and deflation of HTC. It is backed by the supporting token, HT Anchor Cash #HTC.
The Balance algorithm on Huobi ecosystem is designed in a way to naturally avoid inflation and deflation. The HTC Cash coin is fixed to HT at the ratio of 1:1. This algorithm lets HTC holders exchange their tokens for HTB whenever it is below 1HT. It can also be used to acquire HTC at the ratio of 1:1 to the current price of HT.
Tokenomics of HT Anchor Cash
There are three Huobi products which carry out unique roles on Huobi Eco Chain: HT Anchor Cash(HTC), HT Anchor Cash Share(HTS) and HT Anchor Cash Bond(HTB). HTS can be utilized by investors to stake and also contributes to the liquidity of a pool. Investors can also lock away their HTS for some time in order to take advantage of the increase of HTC. HTB lets its holders acquire HTC when the price is lowered and acquire it even after the price is higher. HTC is gotten by contributing to liquidity and the value of HTC is pegged to the value of HT(HTC:HT=1:1).
Distribution of HT Anchor Cash
HTC doesn't have any pre-mining stage; all its tokens are disbursed to the users fairly. HTC Anchor Cash introduced 11 HRC20 assets to partake in the mining of HTC. The total allocation of HTC is 11,000 and will be equally disbursed among HTC holders with each mining pool mining about 100HTC every day and 1000HTC in 10 days. The total allocation of HTS is 2,100,001 and will be disbursed after HTC distribution. Different portions of the total allocation will go to DAO, early birds, development team, marketing and CEX listing. There are four mining pools available in the HTS token distribution which includes: HTC-HT-LP, HTC-HUSD-LP, HTS-HT-LP and HTS-HUSD-LP mining pools. The HTC-based part and HTS-based part of the mining pools will be disbursed in different ways.
#HTCCASH #HTC #DEFI #HECO #HuobiEcochain
HTC.CASH Community
Website: https://www.htc.cash/
Telegram : https://t.me/HTC_CASH
Telegram：https://t.me/tokenPocket_en
Telegram Channel : https://t.me/HTC_CASH_CHANNEL
Github：https://github.com/HT-ANCHOR-CASH
Gitbook : https://htanchorcash.gitbook.io/htc/
Writers info
AUTHOR
Bitcointalk Username: Bestmanbuka
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2125805
Proff of Registration : https://bitcointalk.org/index.php?topic=5308826.msg56095136#msg56095136
Houbi Wallet : 0x51eD0Ea813F36d5c9D948745C0bBb2C18d8dEffD