Introduction: HT ANCHOR CASH is known to be the first stablecoin to be featured on the public and open chain, Huobi Smart Chain. Huobi Ecological Chain is a decentralized public chain known to be introduced by the Huobi Open platform. It is known to be one of the first projects to be offered by Huobi Open platform, and has already started making changes in the platform. #HECO
Tokenomics Details of HT ANCHOR CASH
HT ANCHOR CASH procedure consists of three different kinds of tokens that perform functions different from one another. They include: HT ANCHOR CASH(HTC), HT ANCHOR CASH Share(HTS) and HT ANCHOR CASH Bond(HTB). the main function of HTS is for liquidity mining. Traders can use HTS to provide liquidity to mining pools. They also get to enjoy profits when they stake in the board, this profit is gained when there is a rise in HTC. This board where they would be able to stake will be opened four days immediately after the product is launched. HTC also can be used to provide liquidity. HTB is a bond that follows protocols in order to avoid the deflation of HTC. HTC follows a 1:1 ratio with HT.
Token Distribution of HT ANCHOR CASH
One thing you should note about HTC is that it doesn't have any pre-mining stage. The project just equally distributes its token to interested participants. 11 mining pools will be available for the miners to mine with. These mining pools will also include the DEX token(RAB) and the algorithmic stablecoin(BAG). The total allocation of HTC is summing up to 11,000 and is going to be fully and equally distributed to miners every day in hundreds. In 10 days, it will be 1000HTC. This will also be distributed equally without any special treatment to anyone or any group. The total allocation of HTS will sum up to 2,100,001 and will be disbursed immediately after the disbursement of HTC tokens. Different portions will be given to different groups that made it a success such as DAO, early birds, marketing etc. These two million HTS will get mined and disbursed to four pools as follows:
- HTC-HT-LP(750,000HTS)
- HTC-HUSD-LP(750,000HTS)
- HTS-HT-LP(250,000HTS)
- HTS-HUSD-LP(250,000HTS)
The HTS-HT-LP and HTS-HUSD-LP mining pools will disburse the same amount of tokens everyday which will later be dispersed to the public linearly for that year of mining.
The HTC-HT-LP and HTC-HUSD-LP mining pools will disburse a certain number of tokens to the miners in 30 days, then reduce the percentage by 75% for the next month.
Conclusion: HECO is already a leading project in the DeFi world, so launching HT ANCHOR CASH on the HECO is the best decision ever. On this product, all participants will be allowed to mine and govern HTC no matter the DeFi ecosystem that he/she belongs to. HT ANCHOR CASH will surely grow big both in HECO and in the DeFi world at large. Through the assistance of the main token of HECO, Huobi Token(HT), HT ANCHOR CASH will push HECO forward.
#HTCCASH #HTC #DEFI #HECO #HuobiEcochain
Useful Information
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/
AUTHORS INFORMATION :
Bitcointalk Username : Pona
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2844964
Proff of Authentication : https://bitcointalk.org/index.php?topic=5308826.msg56097094#msg56097094