Hotfriescoin - The First Ever Stable Progressive Coin That Grows In Value | BUY, HOLD AND SELL CONCEPT
Nowdays, Why StableCoins Is Very Important For Payment?
In recent years, cryptocurrency has grown in popularity, especially among the younger generation. This is due to the enormous benefits they provide to users, including decentralization, immutability, and potentially lower transaction fees. However, all crypto is volatile; sometimes as a result of hacks or for no apparent reason at all. Because of this volatility, many crypto exchanges will not accept crypto deposits from customers, who instead must directly send money from their bank account or credit card.
Stablecoins aim to provide stabilization and security in a new way that allows money to be transferred digitally using cryptocurrencies. They are typically pegged against another currency such as the dollar or paired with another cryptocurrency like bitcoin. These coins try to obtain the potential advantages of cryptocurrencies — such as security, immutability, and decentralized control — without sacrificing the security or stability of fiat money.
Initially, early crypto investors utilized stablecoins as a hedge against market volatility. A bitcoin holder might change their bitcoin to a stablecoin in minutes on a single platform, avoiding potentially catastrophic losses. Decentralized cross-border loan platforms are a new kind of peer-to-peer financial business that is gaining popularity. Borrowers often want cash fast, therefore they prefer to deal in cryptocurrencies rather than traditional financial instruments since they do not have to wait for permission from banks or other financial intermediaries before they can obtain funds. Given the volatility of bitcoin, lenders are sometimes hesitant to lend it, and as a result, several platforms enable users to lend fiat cash instead of cryptocurrency.
First Thing, You Need Know What Is Hotfriescoin?
Hotfriescoin is a decentralized autonomous organization (DAO) whose primary mission is to increase the number of loyal users of stablecoins in the crypto world. This platform are building an ecosystem with our own tokenomics which will make Hotfriescoin capable of handling, any financial transaction that currently exist in the real world and make it available to every citizen in the crypto world.
Hotfriescoin have built a protocol to solve the biggest issues that impede user adoption of DeFi. At Hotfriescoin, this projects believe that people are looking for simple, easy-to-use platform where they can earn interest on their digital asset and also provide liquidity on a stable coin platform. That is why this project have simplified DeFi, so that anyone can earn interest in just a few clicks by simply buying, and holding HFC Token. The network incentivizes users by sharing all fees collected from transactions with holders.
Concept of Hotfriescoin?
The concept of Hotfriescoin is to make De-Fi simple and easy for everyone, and everywhere. This concept is buy, hold and sell. No More Staking, No More Farming, No More Liquidity Pools to Earn. The only thing you have to do is buy it and hold it. You can sell your HFC anytime you want at the exchange. Hotfriescoin is a stablecoin that gives you a simple and easy way to earn. It’s just a buy, hold and sell concept. No staking, no farming and no liquidity pools to earn. It’s the simplest way to earn on De-Fi. You buy the coin and then wait for it to rise in value. Once it reaches its target price, you sell it for your gain. It’s as easy as that!
Building a currency only on stable coins and charging transaction fees for each coin purchased or sold is the goal of the proposal. It is then returned to all holders, resulting in the value of the currency increasing continually, regardless of whether a transaction is made to purchase or sell. The First coin that only increases in value and never decreases. By Holding Hotfriescoin you will earn large interest (584% and up). Because 10% fees that will compound each transaction.
A new cryptocurrency, Hotfriescoin, has been launched with the goal of creating a Stable Progressive Coin. What is the benefit of Hotfriescoin? Now, in below I explained it.
Hotfriescoin is leading the way for innovation in cryptocurrency, using the power of the blockchain to create an efficient, fast, secure and low cost payments network that is open to anyone around the world.
Hotfriescoin is introducing a new concept that will change the financial industry, and make cryptocurrency available for everyone. I think Stable Coin is a very important innovation to facilitate the adoption of cryptocurrency.
You need to get rid of dependence on fiat currency because fiat currency causes inflation and this has a very bad effect on economic growth.
HFC Token Utilities
Hotfriescoin is a BEP-20 token that runs on the BSC network. Hotfriescoin will be available for trading on the Hotfriescoin DEX, and other exchanges. Hotfriescoin is the first BSC token which will be implemented as an innovative stable coin protocol. The protocol is designed to provide stability, trustless governance, and a source of revenue for it’s holders.
Unlike other tokens, when you hold HFC in your wallet you actually earn money with every transaction made in the ecosystem, because the fees are shared among holders. The more transactions that happen in the ecosystem, the higher your earnings will be.
How HFC Token It Works
Hotfriescoin (HFC) is a deflationary, staking and yield farming token. HFC is the first stable progressive currency built on Binance Smart Chain.
Hotfriescoin will have an initial value of 1 HFC = 1 BUSD at the time of launch.
On every purchase or sale transaction, a fee of 10% of the entire transaction amount is charged. According to the following, the fees will be divided:
8% goes to the hotfriescoin treasury, while the remaining 2% goes to the holders.
HFC Tokenmics
Name Of Token: Hotfriescoin
Ticker: HFC
Liquidity: $1Billion/1Billion
BUSD Volume 24H: $200M
Volume 7D: $1.5Billion
Calculate yearly fees
Use the 24H volume to calculate the fee share of liquidity providers in the pool (based on the 10% farming fee structure): $200,000,000*8/100 = $16,000,000
Next, use that fee share to estimate the projected yearly fees earned by the holder pool (based on the current 24h volume): $16,000,000*365 = $5,840,000,000
This token can now use the yearly fees to calculate the YIELD rewards : That's yearly fees divided by liquidity: ($5,840,000,000/$1,000,000,000)*100 = 584% YIELD reward.
Note:
In every scenario Hotfriescoin will continuously increase no matter the transaction (buy or sell), which is the idea of the Stable progressive Currency. When you buy from somebody, you are buying from another holder who puts his hfc for sale by setting a price for it on hotfriescoin, which can be higher or lower than the market price. The buyer pays a 10% fees on his purchase to be shared between all holders and 2% goes to hfc treasury.
Conclusion
Hotfriescoin is looking to make a big splash in De-Fi by encouraging people to adopt their coin, and receive interest on their holdings. All users need to do is buy, hold and sell the HFC coin, while Hotfriescoin covers the processing fee in order to ensure a constant supply of new HFC available on exchanges. Hotfriescoin also a stablecoin that aims to become a strong global currency. It will be the first stablecoin for everyday payments, purchases and dealings. Finally, HFC is a decentralized, global payment network for everyone, everywhere.
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BTT Username: Caramel Dusk
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BEP20 Wallet : 0xCCcDDeeE11fef2A7B41F8DAf83e215b224bdf70f