Hector DAO Announces new Ecosystem Projects, a Digifinex, and MEXC Listing Nears

Hector DAO Announces new Ecosystem Projects, a Digifinex, and MEXC Listing Nears

Hector is a decentralised system built around the $HEC token, which is backed and collateralised by the Hector DAO. The backing per HEC is derived using the market value of Treasury assets, not the risk-free value. The distinction is that the market value includes non-stable assets like FTM and FRAX, thus backing per HEC will decrease if those non-stable assets fall in value.

If more HEC are emitted while the treasury’s market value remains unchanged, the backing per HEC will also reduce. If the price of HEC falls below the backing price, a repurchase and burn scheme will be initiated. Hector DAO also became the proud recipient of the Fantom Foundation Incentives Grant and will begin receiving rewards in February this year. The native token $HEC will also be listed on Digifinex and MEXC.

Hector DAO isn’t any your typical fork; it’s a spoon that contributes to OHM’s existing contracts and foundation in a constructive way. A fork of Olympus DAO (OHM) is typically thought of as a clone of OHM on another Layer-1 blockchain, such as Ethereum. The nature and purpose of a spoon varies from that of a fork. The majority of forks are divisive, but spoons encourage teamwork. Forks are used to take away a project’s market share and supremacy, whereas spoons are used to complement the technological prowess of the projects they are inspired by.

Hector DAO is collaborating with OHM contributors and plans to deepen his connection to the project, which will help both projects. While it certainly takes a lot of inspiration from OHM, Hector DAO is dedicated to becoming a spoon of OHM, ‘coopetetioning’ with OHM, and developing on top of what OHM has developed in order to build a financial system that benefits everyone!

Hector Ecosystem

Staking, Bonding, and Rebasing were critical to Hector’s meteoric success in the fourth quarter of 2021. However, these three factors are insufficient for a project with the ambitions to prosper over the long term. The community recently approved a $7,200,000 treasury allocation (7 percent of the treasury) to fund the development of several subprojects:

Hector Rebase: Hector rebase is what everyone who uses Hector is already aware of: rebasing, bonding, staking. Very few changes here for now.

Hector rebase is what everyone who uses Hector is already aware of: rebasing, bonding, staking. Very few changes here for now. Hector Crosschain: Hector Crosschain will be the team/subproject responsible for managing Hector’s presence and offerings across multiple chains.

Hector Crosschain will be the team/subproject responsible for managing Hector’s presence and offerings across multiple chains. Hector Bank: Hector bank will allow users to lend/borrow their crypto tokens and receive APR/APY rewards for doing so.

Hector bank will allow users to lend/borrow their crypto tokens and receive APR/APY rewards for doing so. Hector Game: Some of Hector’s bespoke NFTs will be used in the DeFi game that is being developed. Players will be able to earn rewards just by playing the game.

Some of Hector’s bespoke NFTs will be used in the DeFi game that is being developed. Players will be able to earn rewards just by playing the game. Hector Launch: Hector Launch will provide the resources and knowledge needed to help new projects on the Fantom Opera Chain have the best launch that they can. HEC stakers will gain access to exclusive whitelist spaces, and developers will gain access to the Hector audience and launch incubation services.

Hector Launch will provide the resources and knowledge needed to help new projects on the Fantom Opera Chain have the best launch that they can. HEC stakers will gain access to exclusive whitelist spaces, and developers will gain access to the Hector audience and launch incubation services. Hector Swap: Hector Swap will be a DEX aggregator which will allow users to swap tokens and get the best possible rates.

Hector Swap will be a DEX aggregator which will allow users to swap tokens and get the best possible rates. Hector University: Hector University will be an education centre where users will be able to learn about Crypto and Hector in a safe test environment. This helps Hector DAO serve the aim of helping the Fantom Opera Chain grow to become the safest, most knowledgeable chain in the space.

Hector University will be an education centre where users will be able to learn about Crypto and Hector in a safe test environment. This helps Hector DAO serve the aim of helping the Fantom Opera Chain grow to become the safest, most knowledgeable chain in the space. Hector Pay: The Hector Pay project aims to create a payment system wherein users will be able to send and receive crypto assets to and from friends and family across multiple networks. Users will also be able to pay for real-world items using Crypto balances.

Hector DAO has one of the best RFV/Market Cap ratios in the market. The project had weeks where it outperformed Olympus DAO’s best weekly RFV performance by 3.6 million RFV growth per day. 4,4 has proven critical to the project’s success.

The demand for the HEC token will rise as the token’s utility grows. Increased demand leads to increased buying pressure, which drives up the price of the token. Because the value of buying the token is now a combination of APY incentives and price increases due to demand and burns, APY becomes less essential as they add use to the token.

To learn more about The Hector DAO visit Hectordao.com

Twitter: https://twitter.com/HectorDAO_HEC

Telegram: https://t.me/hectorDAO

Reddit: ​​https://www.reddit.com/r/hectordao/

Youtube: https://www.youtube.com/c/HectorDAO

Instagram: https://www.instagram.com/hectordaohec/

Medium: https://medium.com/@HectorDAO

Discord: https://discord.gg/hector

Github: https://github.com/HectorDAO-HEC

TikTok: https://www.tiktok.com/@hector_dao

Buy HEC on Fantom: https://docs.hectordao.com/how-to-buy/for-users-already-on-the-fantom-network

Buy HEC on FTMScan: https://ftmscan.com/token/0x5C4FDfc5233f935f20D2aDbA572F770c2E377Ab0

the Convergence of Traditional Finance With DeFi – Press release Bitcoin News

Abachi - the Convergence of Traditional Finance With DeFi

press release

PRESS RELEASE. 9, Jan 2022. The majority of today’s decentralized finance (DeFi) projects build tools that are replacements to those found in traditional finance (TradFi) systems. However, a new blockchain project called Abachi believes that DeFi is destined to converge with traditional finance, not replace it.

To facilitate this vision, Abachi is building the technical rails to onboard the multi-trillion dollar TradFi industry into the multi chain decentralized finance space. The project’s growing roster of traditional finance partners like LUCA Plus will be able to bring Abachi’s blockchain solutions to their real-world clients this spring.

Abachi is also currently in talks with other ecosystem players such as Olympus DAO, mStable and Chainlink. In the coming days, it strongly believes some of these talks will result in robust ecosystem partnerships.

At just two months old, Abachi has already attracted over $2.5M USD in funding from strategic investors. It has also amassed a 20,000+ member Discord community and over 7,000 Twitter followers. Abachi’s roster has been growing too as it has added multiple members of the community into its core team, people that have worked at central banks, academia & fortune 200 companies.

The three branches of Abachi

Abachi originates from the words “Abacus” (the ancient calculating tool) and “Chi” (vital energy). The ambitious project is currently structured into three entities: Abachi Core, Abachi Treasury, and Abachi Labs.

Abachi Core provides the middleware infrastructure essential for bringing traditional finance on-chain. It will develop an SDK using existing as well as new technology solutions that can be used by front-end partners like Luca Plus. Abachi Core will also incubate projects in this space and has already initiated with coconuts.finance.

provides the middleware infrastructure essential for bringing traditional finance on-chain. It will develop an SDK using existing as well as new technology solutions that can be used by front-end partners like Luca Plus. Abachi Core will also incubate projects in this space and has already initiated with coconuts.finance. Abachi Treasury exists to fund Abachi Core, support partner development, and acquire other ecosystem projects that align with Abachi’s missions. The treasury works on a basic strategy of maximizing yield bearing assets. It holds 50% of its treasury in OHM tokens and 50% in stablecoins. Using treasury lending and maximizing OHM acquisition from the market, Abachi Treasury hopes to grow exponentially in the coming months.

exists to fund Abachi Core, support partner development, and acquire other ecosystem projects that align with Abachi’s missions. The treasury works on a basic strategy of maximizing yield bearing assets. It holds 50% of its treasury in OHM tokens and 50% in stablecoins. Using treasury lending and maximizing OHM acquisition from the market, Abachi Treasury hopes to grow exponentially in the coming months. Abachi Labs will issue licenses for the Core technology including the SDK that allows partners to integrate, with service fees feeding back into the Abachi Treasury. Abachi Labs will also facilitate permissioned lending pools which will be used by partners to lend out money to small businesses at highly competitive rates, initially subsidized by its native token ABI. This will bring in real-world yield, which is far superior to the zero-sum cross-defi yield strategies in place today.

Leveraging Olympus DAO Technology

Abachi Treasury is composed of a combination of stablecoins and the OHM token. OHM is the decentralized reserve currency powered by the Olympus DAO protocol. This treasury approach illustrates Abachi’s strong conviction about the mass adoption of OHM as a unit of exchange in the DeFi world. Unlike treasuries that hold Bitcoin or Ether, Abachi Treasury enjoys the rebase rewards offered by OHM and the revenue that it accrues. Abachi’s staking web application is scheduled to launch on Polygon Mainnet in late January.

The end goal for Abachi is to be able to offer real-world bonds and bond markets issued via a permissioned front-end very similar to what Olympus Pro today offers to DeFi projects. The core team believes that the technology behind Olympus DAO will revolutionize the way bonds are traded, issued and redeemed. The Ᾰ + Ω = 3² is the representation of this, as Abachi strongly believes it adds alpha to Olympus DAO’s omega.

Jurisdiction & Regulation

The jurisdictional and regulatory issues that arise from such systems will be a challenge Abachi will need to overcome. Abachi wants its community to own the protocol and run it like a DAO. However this will be done gradually with the foundations already in place. Governance is handled via a mix of ABI tokens and NFTs issued as certificates of involvement based on merit. This allows all members to have a voice. The same technology will be used to develop and issue non-fungible tokens which can carry much more data without any privacy concerns. A wallet address can be accredited and walled based on the jurisdictional & regulatory access it has. This will be no different to an email address tying an account on a traditional financial system.

Project Roadmap

The first item on Abachi’s agenda is to launch stablecoin pools which are permissioned and can offer lending to its partners like LUCA Plus.

It hopes to launch a $1M pool in Q1 2022, and increase this pool 10x every quarter. This will require its partners to scale as well as Abachi to find more partners that will utilize these pools in every continent. These partnerships may also include seed funding into those companies or funding towards bringing them onboard.

This is also a great win for partners as it allows them to offer instant payment services. The first product offered by LUCA Plus under this partnership will include a business-only buy now pay later solution, and instant invoice payments at 1-2% service fees. Eventually as partners grow they will try and bid against each other for the lending pool funds.

The stablecoin pools will organically give way to forex swap pools since businesses will want to lend and borrow in USD but still be able to service locally in their respective currencies. Abachi thinks this will lead to a lot more currencies including CDBCs to enter this space increasing their daily use.

Over the next five years, the delivery roadmap also includes tools to enable:

Blockchain-powered KYC-as-a-service

Buying or selling of debt via tokenized credit pools

On and off-chain sales of bonds and tokenized credit

Abachi is an ambitious project and its founders recognize that from day one. However, given the current speed at which financial system alternatives are being built in the DeFi space, the convergence with the trillions of dollars sitting in bonds, treasuries, credit and the forex market are primed for disruption.

Learn more about Abachi on Medium or by visiting abachi.io. You can also track ABI on CoinGecko and CoinMarketCap.

Press contact: partner@abachi.io.

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Want To Buy Crypto? Check Out The Top Movers For Today

GAINERS

Olympus (CRYPTO: OHM) is up 12.06% at $225.36. Olympus’s current trading volume totals $41.74 million, a 57.05% decrease from its a 100-day average volume. As of today, $OHM’s estimated market cap is $1,829,667,990.00.

Circulating Supply: 8,120,122.70

Max Supply: 8,989,869.50

(CRYPTO: OHM) is up 12.06% at $225.36. Olympus’s current trading volume totals $41.74 million, a 57.05% decrease from its a 100-day average volume. As of today, $OHM’s estimated market cap is $1,829,667,990.00. 8,120,122.70 8,989,869.50 Harmony (CRYPTO: ONE) rose 10.24% to $0.36 over the past 24 hours. The trading volume for this coin is currently $562.20 million, which is 141.73% higher than its average full-day volume over the last 100 days. As of today, $ONE’s estimated market cap is $4,128,968,671.00.

Circulating Supply: 11,585,889,325.10

Max Supply: 13,156,044,839.79

(CRYPTO: ONE) rose 10.24% to $0.36 over the past 24 hours. The trading volume for this coin is currently $562.20 million, which is 141.73% higher than its average full-day volume over the last 100 days. As of today, $ONE’s estimated market cap is $4,128,968,671.00. 11,585,889,325.10 13,156,044,839.79 Oasis Network (CRYPTO: ROSE) is up 8.87% at $0.51. Oasis Network’s current trading volume totals $508.91 million, a 283.39% increase from its 100-day average volume. The coin’s market cap stands at 1,787,618,886.00.

Circulating Supply: 3,490,000,000.00

Max Supply: 10,000,000,000.00

(CRYPTO: ROSE) is up 8.87% at $0.51. Oasis Network’s current trading volume totals $508.91 million, a 283.39% increase from its 100-day average volume. The coin’s market cap stands at 1,787,618,886.00. 3,490,000,000.00 10,000,000,000.00 Convex Finance (CRYPTO: CVX) increased by 8.76% to $44.19. Convex Finance’s current trading volume totals $37.08 million, a 35.06% increase from its 100-day average volume. The coin’s market cap stands at 2,037,340,967.00.

Circulating Supply: 46,105,961.15

Max Supply: 100,000,000.00

(CRYPTO: CVX) increased by 8.76% to $44.19. Convex Finance’s current trading volume totals $37.08 million, a 35.06% increase from its 100-day average volume. The coin’s market cap stands at 2,037,340,967.00. 46,105,961.15 100,000,000.00 Celo (CRYPTO: CELO) is up 7.8% at $5.32. The trading volume for this coin is currently $112.89 million, which is 65.62% higher than its average full-day volume over the last 100 days. The coin’s market cap stands at 2,053,941,481.00.

Circulating Supply: 387,111,233.00

Max Supply: 1,000,000,000.00

(CRYPTO: CELO) is up 7.8% at $5.32. The trading volume for this coin is currently $112.89 million, which is 65.62% higher than its average full-day volume over the last 100 days. The coin’s market cap stands at 2,053,941,481.00. 387,111,233.00 1,000,000,000.00 Monero (CRYPTO: XMR) rose 7.64% to $216.79 over the past 24 hours. Monero’s current trading volume totals $185.64 million, a 2.4% decrease from its a 100-day average volume. $XMR’s estimated market cap is $3,910,987,623.00 as of today.

Circulating Supply: 18,062,205.40

Max Supply: Not Available

(CRYPTO: XMR) rose 7.64% to $216.79 over the past 24 hours. Monero’s current trading volume totals $185.64 million, a 2.4% decrease from its a 100-day average volume. $XMR’s estimated market cap is $3,910,987,623.00 as of today. 18,062,205.40 Not Available Dogecoin (CRYPTO: DOGE) increased by 6.97% to $0.17. Dogecoin’s current trading volume totals $1.53 billion, a 20.24% decrease from its a 100-day average volume. The coin’s market cap stands at 22,663,470,497.00.

Circulating Supply: 132,670,764,299.89

Max Supply: Not Available

LOSERS

Gala (CRYPTO: GALA) declined by 1.37% to $0.36 over the past 24 hours. Trading volume for this coin is 524.27 million, which is 28.61% lower than its average full-day volume over the last 100 days. $GALA’s estimated market cap is $2,678,446,331.00 as of today.

Circulating Supply: 7,542,496,572.32

Max Supply: 50,000,000,000.00

(CRYPTO: GALA) declined by 1.37% to $0.36 over the past 24 hours. Trading volume for this coin is 524.27 million, which is 28.61% lower than its average full-day volume over the last 100 days. $GALA’s estimated market cap is $2,678,446,331.00 as of today. 7,542,496,572.32 50,000,000,000.00 Uniswap (CRYPTO: UNI) declined by 1.37% to $16.43 over the past 24 hours. Trading volume for this coin is 168.06 million, which is 46.28% lower than its average full-day volume over the last 100 days. The coin’s market cap stands at 7,417,034,251.00.

Circulating Supply: 452,329,731.05

Max Supply: 1,000,000,000.00

(CRYPTO: UNI) declined by 1.37% to $16.43 over the past 24 hours. Trading volume for this coin is 168.06 million, which is 46.28% lower than its average full-day volume over the last 100 days. The coin’s market cap stands at 7,417,034,251.00. 452,329,731.05 1,000,000,000.00 Amp (CRYPTO: AMP) declined by 1.35% to $0.04 over the past 24 hours. Trading volume for this coin is 29.51 million, which is 47.37% lower than its average full-day volume over the last 100 days. $AMP’s estimated market cap is $2,059,440,931.00 as of today.

Circulating Supply: 48,013,928,909.16

Max Supply: 99,225,164,238.50

(CRYPTO: AMP) declined by 1.35% to $0.04 over the past 24 hours. Trading volume for this coin is 29.51 million, which is 47.37% lower than its average full-day volume over the last 100 days. $AMP’s estimated market cap is $2,059,440,931.00 as of today. 48,013,928,909.16 99,225,164,238.50 Theta Network (CRYPTO: THETA) fell 1.33% to $4.25 over the past 24 hours. Trading volume for this coin is 138.41 million, which is 47.8% lower than its average full-day volume over the last 100 days. As of today, $THETA’s estimated market cap is $4,239,359,199.00.

Circulating Supply: 1,000,000,000.00

Max Supply: Not Available

(CRYPTO: THETA) fell 1.33% to $4.25 over the past 24 hours. Trading volume for this coin is 138.41 million, which is 47.8% lower than its average full-day volume over the last 100 days. As of today, $THETA’s estimated market cap is $4,239,359,199.00. 1,000,000,000.00 Not Available Polygon (CRYPTO: MATIC) decreased by 1.3% to $2.41 over the past 24 hours. Trading volume for this coin is 1.45 billion, which is 2.94% lower than its average full-day volume over the last 100 days. As of today, $MATIC’s estimated market cap is $16,552,108,626.00.

Circulating Supply: 6,872,890,164.27

Max Supply: 10,000,000,000.00

(CRYPTO: MATIC) decreased by 1.3% to $2.41 over the past 24 hours. Trading volume for this coin is 1.45 billion, which is 2.94% lower than its average full-day volume over the last 100 days. As of today, $MATIC’s estimated market cap is $16,552,108,626.00. 6,872,890,164.27 10,000,000,000.00 PancakeSwap (CRYPTO: CAKE) declined by 1.22% to $11.16 over the past 24 hours. Trading volume for this coin is 102.97 million, which is 64.39% lower than its average full-day volume over the last 100 days. $CAKE’s estimated market cap is $2,873,824,085.00 as of today.

Circulating Supply: 258,132,372.35

Max Supply: Not Available

(CRYPTO: CAKE) declined by 1.22% to $11.16 over the past 24 hours. Trading volume for this coin is 102.97 million, which is 64.39% lower than its average full-day volume over the last 100 days. $CAKE’s estimated market cap is $2,873,824,085.00 as of today. 258,132,372.35 Not Available Stacks (CRYPTO: STX) declined by 1.02% to $2.19 over the past 24 hours. Stacks’s current trading volume totals $48.52 million, a 49.84% decrease from its a 100-day average volume. The coin’s market cap stands at 2,300,006,691.00.

Circulating Supply: 1,052,561,461.69

Max Supply: Not Available

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Is Crypto a Ponzi? Define ‘Ponzi’

Pseudonymous host of the “Crypto Critic” podcast Cas Piancey (someone I hope I’m on good terms with) took offense when CoinDesk’s stalwart DeFi reporter Andrew Thurman (a friend) used the term to describe both Ohm and the U.S. dollar. Greenbacks don’t fit into the standard definition of a “Ponzi scheme,” but using the term gets at the realities of the modern economy. Please do a quick Google search of the “Cantillon effect,” the process by which those closest to the money printer benefit the most. Look at the latest consumer price index figures and S&P 500 returns over the past 18 months and tell me that there isn’t a class of people who haven’t benefited most from the government’s pandemic response. Is the dollar a Ponzi? No. Is it Ponzi-like in this scenario? Well, I can see why some would say that.

2021 Was a Bad Year for This Stock, and 2022 May Not Be Much Better

Some stocks had a better year than others in 2021. In this segment of Backstage Pass, recorded on Dec. 17, 2021, Fool contributors Toby Bordelon and Jason Hall discuss one company that couldn’t catch a break last year, and that investors should approach with measured caution in the new year.

10 stocks we like better than Boeing

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Toby Bordelon: My company, I was thinking about is Boeing (NYSE: BA). I feel like Boeing is wanting to be done for the year. I mean, look, delays for the Dreamliner. Major safety issues with that Dreamliner, delays on the spaceship, Starliner, they can’t even get that test. I don’t even think we’ve got test flight yet.

Whistleblowers reporting that the government, Airbus took a few of their big airline customers. This week, we learned. They got tired of waiting. They tired of waiting on the delays, right? So they need the planes.

I kind of with you guys on T-P-I-C [TPI Composites], I feel like expectations are so low for Boeing that if they just don’t screw it up too bad, next year, it will be a pretty good year. Yeah. You’re muted right now. But I know you’re saying something but.

Jason Hall: How bad does it have to get with your investments when your expectation is don’t eff it up?

Bordelon: Right. But for Boeing like, I think we’re in the level of like, not even don’t mess it up at all.

Hall: Right.

Bordelon: You just don’t mess it up too bad.

Hall: Yeah.

Bordelon: Right? If you only make one or two mistakes. [laughs] Yeah. That’s pretty low. If you’re on the front page of The Wall Street Journal for a mistake, once this year, that’s an improvement. [laughs] Right?

Hall: Yeah. A mess.

Bordelon: Man, bad company. Hopefully they’ll turn it around and get it together.

Jason Hall owns TPI Composites. Rachel Warren has no position in any of the stocks mentioned. Toby Bordelon has no position in any of the stocks mentioned. The Motley Fool owns and recommends TPI Composites. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.