ABOUT HT.CASH
HT.CASH is the first algorithm stablecoin that is based on Houbi token (HT) on the HECO exchange chain. There are lots of tokens in the crypto world which are challenged with the stabilization of the price of the tokens, as a result of the market forces of demand and supply which affects the price of the tokens. Some of these tokens are guaranteed by high quality goods such as. gold or fiat currency like the United States dollar in order to ensure their stability.
HT CASH project has a process of stabilizing the HT token through the issuance of stablecoin, when there is difference between the ANCHOR token and the basic project token as a result of demand and supply.
Thus, the HUOBI ECOLOGICAL Chain (HECO) is an unprecedented crypto exchange that has a process of stabilizing its token. It is easy with a low gas fee, compared to other exchange platforms.
HECO project intends to experiment an unprecedented stablecoin process termed HT ANCHOR CASH. It has some meliorative factors which include;
Weighted average pricing procedure.
Adjusting Rebase hours.
Issuance of additional bond tokens to maintain the value of the HT token.
Prolonging stablecoin mining time.
HECO TOKENOMICS
Every crypto project has a primary token. Thus, the primary token of the HECO project is HT. It further developed 3 kinds of HT ANCHOR CASH tokens.
The 3 kinds of tokens are;
HTC token.
This token is given to the providers of liquidity. Its value equals the HT token.HTS token.
This is also given to the providers of liquidity. The holders are further given the opportunity to stake in the board and make some profit.HTB token.
This is bond tokens that are issued to restore the value of the HT whenever it differs with the HTC.
HT ANCHOR CASH STABILISATION PROCESS
This is a process of maintaining and protecting the price of HT token. It is applied when there is a difference between the price of HT and HTC token.
When the price of HTC goes below 1 HT, the HTB tokens are issued at a discount rate in order to restore normalcy. Each issued HTB token equals a HT token at the time of redemption, and has no expiring or maturity date.
These issued HTB tokens are recallable when the price of HTC trades above the HT. If normalcy is not returned, more HTC will be minted and shared to the HTS holders.
TOKEN DISTRIBUTION PLAN
The HTC token is fairly distributed into 11 mining pools. 11,000 HTC tokens are shared among the 11 pools. 1,000 HTC to each pool. It also has 11 HRC-20 to take part in the HTC mining.
2,100,000 HTS tokens will also be mined. 5% of this (100,000) will go to the Admin, early investors and market listing participants. The rest 2,000,000 tokens will be allocated to 4 mining pools.
EXTENSION OF HTC TOKEN AND RAB TOKEN.
This is the process of extending the HT stabilization practice to the community. The HT.CASH collaborates with the community to create and launch a financial exchange system.
HTC is the stablecoin while RAB is the exchange platform token. The RAB token holders take part in community governance and help to achieve the HTC stability agreement and other HECO assets.
GITHUB
Github is a platform developed by HECO project to enable its users, developers and companies to build and maintain their software. It has a strong management team that gives its users the needed chips to build a better software. It features the following;
It helps its users to register their codes in the cloud and present their works to the world.
It also gives code spaces in the cloud for development of new ideas.
They secure user's code by early identification of vulnerabilities and fixing them.
It helps in managing projects by issuing tasks, monitoring and certification on completion.
It helps its users to publish their goods and services for patronizing and also enjoy other products on the platform.
It has extended marketplace where various items can be accessed.
Projects Info
Website: https://www.htc.cash/
Telegram Group: https://t.me/HTC_CASH
Twitter: https://twitter.com/HtcCashofficial
Telegram Channel: https://t.me/HTC_CASH_CHANNEL
Gtibook: https://htanchorcash.gitbook.io/htc/
Github: https://github.com/HT-ANCHOR-CASH
Writers Info
Bitcointalk Username: Nesanens
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2767345