Sabtu, 30 Januari 2021

Htccash

Htccash

Introduction
When it comes to pegging digital assets to the price of specific goods or services, undercollateralized algorithmic stablecoins have always been the holy grail pursued by all teams. Fundamentally speaking, the stability of these assets is completely driven by the market supply and demand mechanism and a reasonable token model. The optimized combination will eventually push the price to an ideal state.

About Htccash?
Huobi Token (HT) is the basic asset on the Huobi Ecological Chain (HECO), and with the continuous development of the HECO ecosystem, a digital asset that pegged to HT will inevitably be needed to meet the growing demand for transactions. On the one hand, the transaction is completed on HECO. Compared with the high GAS fee on the ETH chain, the transaction fee on HECO is lower and speed is faster. On the other hand, digital assets pegged to the US dollar and gold will depreciate with the inflation of anchors, and the total amount of HT is constant, so there is no devaluation problem.

 

The main improvements are as follows:

  • The price feeding mechanism is based on the 12-hour weighted average price of the HT-HTC trading pair on the decentralized exchange to reduce the risk of price manipulation;
  • The time of Rebase is adjusted to once every 12 hours, at 8:00 and 20:00 SGT respectively;
  • The additional issuance number of tokens for each rebase period is adjusted to: 95% of the total distribution of each rebase, and the other 5% goes to the treasury instead of the original 100% on Basis Protocol. The adjustment here can make the treasury more profitable and compulsorily redeem HTB Bonds, when the price of HTC is lower than 1 HT, it will better encourage users to exchange bonds and maintain balance.
  • The transaction price of stablecoins within a certain minting time reaches 1.1 HT (not the original 1.05), and additional issuance will be carried out to strengthen the stability of the additional issuance rate;
  • Extend stablecoin mining time, support more HRC20 currency mining, and strengthen consensus.

 

Token distribution plan
HTC has no pre-mining, it is fair distribution
HT ANCHOR CASH launches 11 initial mining pools, users can stake HT, HUSD, HBTC, HETH, HLTC, HBCH, HDOT, HBSV, HFIL, DEX token RAB and algorithmic stable token BAG, a total of 11 HRC-20 assets to participate in HTC mining.
The total supply of HTC is 11,000. As a reward, it is fairly distributed to each mining pool. Each mining pool can mine 1,000 HTC for 10 days, and each mining pool produces 100 HTC per day.
HTS distribution will begin immediately after HTC starts to distribute, totaling 2,480,001, of which 9% will be allocated to DAO and development team, 11% will be allocated to early investors, 4% will be used for marketing and centralized exchange listing, this part will be unlocked in proportion to the mining output, no pre-mining. 1 HTS as the initial liquidity will be added to the liquidity pool on DEX, 2 million HTS are mined and distributed to 4 mining pools:

  • HTC-HT-LP mining pool: 750,000 HTS
  • HTS-HT-LP mining pool: 250,000 HTS
  • HTC-HUSD-LP mining pool: 750,000 HTS
  • HTS-HUSD-LP mining pool: 250,000 HTS

 

Roadmap
2017-12
Started the TokenPocket project
2018-06
The first to support EOS, leading EOS DApp to flourish
2018-08
Get investment from Huobi, Hofan,CollinStar Capital, etc. investment institutions
2019-01
Supports BOS chain and cross-chain exchange
2019-04
Full support the IOST and ETH DApps.Being the NO.1 wallet with over 10 millions on-chain related transactions.
2019-08
Supports TRON and Binance chain. Launched the official staking pool
2019-10
Supported BTC, and enabled convenient custom UTXO operation
2019-11
Launched the smooth Gas mode to solve the "0 CPU" challenge faced by EOS users
2019-12
Original article Mini Blockchain White Paper gained more than one million page views, making it the most popular blockchain wallet guide;
2020-05
Launched a centralized wallet, integrating the functions of a centralized wallet and a decentralized wallet
2020-07
Launched HD wallet Issued ERC-20 TPT and listed it on Uniswap, with a highest increase rate of 600%
2020-08
Officially announced to incubate the Decentralized Synthetic Asset Protocol--Organix project
2020-09
Support Binance Smart Chain (BSC). Launched Uniswap and JustSwap Defi channel
2020-11
Launched ETH 2.0 Staking service
2020-12
Support Huobi Ecological Chain (HECO), Polkadot and Kusama

Conclusion
The launch of HT ANCHOR CASH on HECO is a great recognition of HECO’s leading position in the DeFi industry. Here, we invite every participant and user in Huobi, HECO and other DeFi ecosystems to participate in the mining and governance of HT ANCHOR CASH. We will definitely become a pivotal player in the DeFi and HECO ecosystem.

#HTCCASH #HTC #DEFI #HECO #HuobiEcochain

 

USEFUL LINKS
Telegram Group: https://t.me/HTC_CASH

 

AUTHOR'S DETAILS
Bitcointalk Username: Mario Kacang

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