LAUNCH OF HTC CASH ON HECO
INTRODUCTION
Launching HTC.CASH on the Huobi Smart Chain is a good start for the token since HECO is known to be recognized in the DeFi world. HECO has already being mentioned by some big Asian medias #HECO. HTC.CASH which was introduced to Huobi Ecosystem Chain will simplify the transactions made on the platform with even better fees unlike in the Ethereum chain where there is high GAS fees.
WHAT IS HTC.CASH?
HTC.CASH is known to be a stablecoin present on the Huobi Ecochain that makes use of an algorithmic protocol that makes the token strong. HT ANCHOR CASH is like a helping hand on HECO to help out the original token of the platform(HT). HT ANCHOR CASH is not fixed to assets such as the US dollars or Gold because there would be devaluation problems, so instead it is pegged with HT as it is stable and doesn't face devaluation issues like Gold and US dollars.
HTC.CASH TOKENOMICS
There are three different tokens with different functions backed by Huobi Ecochain. These tokens include: HT ANCHOR CASH(HTC), HT ANCHOR CASH Share(HTS) and HT ANCHOR CASH Bond(HTB). Their different functions include: Traders can use HTS to stake i.e. Some investors can board stake and wait for a period before getting profits from the escalation of HTC over that period. HTB is a haven that brings back profit for the HTB holder whenever the value of HTC seems to decrease or increase.
HTC.CASH STABILIZATION
The procedure found in HT ANCHOR CASH is one that will put a barrier on the value of HTC.CASH. The balance mechanism will begin when the values set are no longer normal.
- When HTC is lower than the expected value(1.1HT): Since HTC is fixed to HT, it is supposed to be at the same ratio(HTC:HT=1:1). So, if the price is less than 1HT, HTB holders can buy HTB at a lower price in order to hold the value of HTC with the hope of earning interests from doing so in the nearest future. Holders of HTB are usually promised 1HTC for each of their bonds if some conditions are met with. HTC is usually burned after a user buys it in order for the circulating cash issuance to be lowered. Although, note that bonds do not have expiration periods or interest payoffs. They can only be redeemed when HTC is more than 1.1 HT on a 1:1 ratio. Cash can also be redeemed using purchased bonds when the oracle value of cash is more than 1.1 HT on a 1:1 ratio.
- When HTC is higher than the expected value(1.1HT): Bond redemptions become active when the value of HTC hits above the expected price which is 1.1HT. After the bonds are redeemed so that HTC can be traded at 1.1 HT and it is still not successful, but exchanged above 1.1HT, HTC will be further mined because of the large demand. The new HTC mined will be further disbursed to HTS buyers.
There are 11 mining pools available on HT ANCHOR CASH, with different total distribution of tokens for both HTC and HTS.
#HTCCASH #HTC #DEFI #HECO #HuobiEcochain
#HTCCASHCommunity
For More Informations
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/
Writers info
AUTHOR’S INFORMATIONS :
Bitcointalk Username : Ochawawa
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2830371
Proff of Registration : https://bitcointalk.org/index.php?topic=5308826.msg56096931#msg56096931
wallet address : 0xd3e9e81ad4Cc45363F05592B2761ec8BD2544a95