INTRODUCTION :
The DeFi world is making waves in the world. It has come up with different solutions to different problems while excluding the needs for an intermediary. This even lowers the fees that would have been needed when passing through an intermediary. Instead, smart contracts and blockchains are the concepts replacing intermediaries, and they are doing a good job as Replacements . #DEFI
What is HECO?
HECO, fully known as Huobi Ecological Chain is a distributed and transparent public chain which can be adaptable to smart contracts. The public chain is a product of Huobi Open Platform. #HECO
Huobi Token(HT) serves as the sole purpose of HECO, and it has now joined hands with HT ANCHOR CASH, a stablecoin to further improve their services. The GAS and transaction fees normally experienced on Ethereum chain is not as low as it is on HECO. HT ANCHOR CASH is not linked to the US dollars because of the fear of devaluation as with digital assets is usually pegged with US dollars derogate each time there is an excess in anchors. HT ANCHOR CASH is not only linked with HT, but is also an advanced form. #HTC
HT.CASH Tokenomics
Three tokens are found under the foundation of HT ANCHOR CASH, these tokens perform various activities with the protocol. They include: HTC, HTS and HTB. Through the HTC and HTS, closure is given after the HTC is linked with the HT with a total value of 1HT. HTS buyers use their tokens to stake. Within a short period, they receive the income gotten from the rise in HTC. This board begins four days after the launch of the project. Holders of HTB can use HTB to buy HTC when its ratio seems to go below 1HT. When a price of HTC moves up, holders of HTB can now trade HTC at the normal ratio.
Stabilization of HT ANCHOR cash
A limit has been set with HT ANCHOR CASH procedures to know when any situation is lower than or above the threshold set.
- HTC is lower than the threshold: If the value of HTC is less than 1HT, HTB holders will buy HTB at a lowered value with hope of future earnings from redemptions. 1HTC is promised by each bond in the future if some rules are followed. When a participant buys HTC, it is exhausted in order to lower the circulating cash distribution. Even if bonds do not have expiration periods, they can be renewed with HTC when there is an increase of value above 1.1 HT.
Purchased bonds can also be redeemed with cash on one condition; the oracle value of cash has to be more than 1.1 HT. This way, HTB buyers can avoid establishing uncalled escalation in supply. - HTC is above the threshold: Bond renewals re normally set when the value of HTC is more than 1.1 HT. If there is no change even after the bonds are renewed, new HTC will be mined because of the demand.
#HTCCASH #HTC #DEFI #HECO #HuobiEcochain
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/
PUBLISHERS DETAILS :
Bitcointalk Username : Chikibal
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2835296
Proff of Authentication : https://bitcointalk.org/index.php?topic=5308826.msg56097022#msg56097022