Hotfriescoin :With Stable Coin Get Revolutionary Financial Technology
STABLECOINS - INTRODUCTION
Stablecoins might aid decentralized cross-border lending by providing a safe online environment for peer-to-peer transactions without using volatile cryptocurrencies like bitcoin or paying fees to transfer money into local currencies. Stablecoins are supposed to have a set value unlike other cryptocurrencies. They are tied to other assets like the US currency or gold.
Stablecoins would have all the advantages of a cryptocurrency without the excessive volatility, which would help cryptocurrencies be recognized as a realistic means to actually purchase stuff. After all, most companies don't want to accept a payment method that may lose value the following day. Stablecoins are like cash withdrawals from an ATM.
What is Hotfriescoin
Hotfriescoin is a new Cryptocurrency with the target to create a Stable Coin. It is also the first stable coin that has all four of those characteristics. By applying a reverse merchant solution Hotfriescoin will be able to lower dramatically the fees. The team at Hotfriescoin, who are all veterans in the cryptocurrency space, built a new kind of cryptocurrency called a Stable Progressive Coin. I will explain the basic principles of Hotfriescoin here. So, lets started.
The basis concept is built on one word "STABLE" which has been a problem for many cryptocurrencies in the world but with this idea we are certain that it may help the crypto world to get more people involved in cryptocurrency, The project is based on making sure there is sufficient investment in it, this can only be achieved by ensuring there is a constant supply based on demand to ensure it remains stable at all times and also generating funds for interest payment each time a transaction takes place with it.
Advantages If You Invest In Hotfriescoin
This can benefit the holders of HotFriesCoin, and in future it will be designed to make this project actively grow through collaborative efforts of all coin holders.
Stability & Security: Cryptocurrency is known for its high volatility. Hotfriescoin stable coin will provide stability and security by keeping the price pegged at $1 USD. Our stable coin will be backed by assets in our reserve fund, which will keep its value stable.
Reflection: HFC holders will receive 8% passive income, and then 2% of the treasury will also be distributed to HFC holders.
Fair Supply: This is HFC that can be bought, and sold. There is no owner of the coin and there is no team developing it, its fully decentralized.
Cheesy Topper Protocol: The main purpose of the HFC token is to facilitate the sharing of revenue generated by the Hotfriescoin. This means that as more people use and build on top of the Hotfriescoin platform, more revenue will be generated from their products and services - which will then be shared back to all holders of HFC tokens.
Backed, and non-custodial: Unconditional financial support and non-custodial treatment HFC Coin remains in the property of the user just as it does on any other decentralized exchange.
Fair and Transparent: There is no starting supply, coins are only created when they are purchased, and coins are only burned when they are sold, making it a fair and transparent system.
Hotfriescoin ($HFC) Token Utilities
Hotfriescoin is a native currency of Hotfriescoin DEFI protocol built on Binance Smart Chain. The purpose of Hotfriescoin is to allow DEFI user to interact with our protocol and earn interest on their token holdings. This project also a decentralized network that allow BUSD stablecoin holders to earn interest on their holdings. The total supply of the HFC token is infinite and it will be allocated through PoW, and PoS mechanism.
The Hotfriescoin protocol will never charge fees from users, however, the amount of HFC earned by the user each day will be reduced by the gas fee for transfers in the network. Hotfriescoin will be used for many things in the future, but this main focus today is to be a store of value, decentralized exchange with BUSD, LP token and staking rewards.
The initial price of a hotfriescoin will be 1 HFC = 1 BUSD.
The fees charge on any buy or sell transaction is 10% of the total transaction.
The fees will be share as follow:
8% shared between all holders
2% to the hotfriescoin treasury.
The 10% percent transaction fee gives an annual APR of up to 584 percent for every bearer, beating any DeFi protocol's ROI thus far.
How To Buy and Hold $HFC Token Use Trustwallet or PancakeSwap
Now, below I explain 5 step to buy and hold $HFC token:
- First, Surely you create Wllet in Trust Wallet
First thing, you need download the Trust Wallet, and follow the steps to make your wallet. Then, saved the 12-word seed phrase a secret at all times.
Follow and setup Trust Wallet: https://trustwallet.com/
- Secondly: Buy BUSD in BEP20
Select Smart Chain from the drop-down menu that appears at the top of the app (BNB). Carry on with your purchase as planned. Because this process is not instantaneous, your transaction may take a few minutes to complete. All you have to do is wait.
Make sure you purchase BUSD from the BEP20 network
BUSD Contract Address: 0xe9e7cea3dedca5984780bafc599bd69add087d56
- STEP 3: SWAP BUSD WITH HFC Token
Click on the swap button at the bottom. Ensure that BUSD is in the top slot and that Hotfriescoin is in the bottom slot. Just click swap!
- STEP 4: Add hfc as asset in wallet
Add the HotFriesCoin contract address 0x849741b79bc1618b46cf9ec600e94e771dede601 in wallet ( Trustwallet or Metamask)
- Last Step: Now you can Hold HFC token, and get rewards it.
Conclusion
The future is here, and you are looking at it. The time is now. The Hotfriescoin team has created an innovative and unique way of exchanging value on a global scale without the involvement of any centralized institution or actor, not even a bank. Stable Progressive Coin is another completely innovative and unique asset class that can only be created in the DeFi industry by taking a very small amount of technology and engineering, but most importantly mixing how Blockchain and finance could work together, Stable Progressive Coin has finally been developed and will be released on all major exchanges regardless of profitability because this brand new asset class is here to stay.
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Forum Username: Fiorenza Napol1tani
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BEP-20 Wallet Address: 0xD4725db9C6fD77980d88EF2B1803ff07BC9f39a2