Decentralized Finance (DeFi) is another unique opportunity for those who missed out on Bitcoin (BTC) a decade ago to make some financial breakthroughs.
Now, there are more thriving opportunities in the DeFi industry. While some of the DeFi projects/coins are rug pulls, most of them are genuine and have a valid use case.
It makes sense therefore that a digital asset that promotes sustainable opportunities for DeFi investors to be introduced.
HT Anchor Cash is that stablecoin that you need to maintain a flexible hold over your DeFi assets.
Worthy of mention is that it is an integral part of the Huobi Ecological Chain (HECO), which wants to introduce better opportunities in the DeFi industry. The opportunities are not limited to facilitating transactions faster than Ethereum chain does, and using a stablecoin that withstands fluctuations.
ALL ABOUT HT ANCHOR CASH
With HT Anchor Cash, also called HTC.Cash, you are confident of trading any kind of crypto asset. The highlight of the coin is that it is meant to serve as the native coin of the HECO ecosystem, and this has some impressive undertones.
1- SPEEDY TRANSACTIONS
The first attribute of the HT Anchor Cash is that it allows for transactions to be processed on the HECO chain.
The outcome is usually speedy transactions because you don't need to bother about taking the transactions off-chain. Everything is done on-chain, and on the Huobi Ecological Chain (HECO) too.
2- COIN STABILIZATION USING DIFFERENT MEANS
HT Anchor Cash also does a great job of stabilizing the value or price of its stablecoin. This is important because not all stablecoins are stable, just as not all decentralized platforms are entirely decentralized.
HT Anchor Cash solves this issue by allowing for the stabilization of the coin’s value using different means, such as releasing more supplies of the Huobi Token (HT) when the value or price of the stablecoin goes below the ratio of 1:1.
On the other hand, HT Anchor Cash tends to allow for the redeeming of earlier released bonds and minting new HT Anchor Cash coins to control the inflation of the value of the stablecoin.
3- ZERO PRICE MANIPULATION
When the bulls start running, some crypto assets would be manipulated so that the whales and the cryptocurrency exchanges can make more money than the investors and traders do.
It is all set to be a thing of the past with the zero price manipulation mechanism used by HT Anchor Cash.
The role of the mechanism is to ensure that the price feeding mechanism when in use, would help to aggregate and collate the average price of the HT/HTC trading pair from a 12-hour timeframe.
With that in place, it will become harder for the whales and the cryptocurrency exchanges to manipulate the prices of the HT/HTC trading pairs when they are being traded.
CONCLUSION
The introduction of the HT Anchor Cash stablecoin is a prayer answered for cryptocurrency investors who are looking to enjoy less risky trades when trading with a stablecoin like HT Anchor Cash, which is has no devaluation problems.
USEFUL LINKS
Website: https://www.htc.cash/
Twitter: https://twitter.com/HtcCashofficial
Telegram Group: https://t.me/HTC_CASH
Telegram Channel: https://t.me/HTC_CASH_CHANNEL
Github: https://github.com/HT-ANCHOR-CASH
Gitbook: https://htanchorcash.gitbook.io/htc/
AUTHORS DETAILS
Bitcointalk username- Annamike
Bitcointalk Profile link- https://bitcointalk.org/index.php?action=profile;u=2767339;sa=summary