Hector Finance has formally moved into the development of financial centers through the blockchain popularly known as the fantom opera chain and they're still considering other finance center chains as well in the nearest future.
The reason for this new financial center development is to link the $HEC token and users/investors across the globe together for easy access and trading safety. Users of the $HEC token will now be allowed to stake and earn rewards from their locked or staked $HEC token and with an additional benefit of over 30% annual percentage rate (APR). The longer your staked $HEC token stays "the bigger you earn". Remember that the $HEC token is backed by APY for buyback and burns.
The HEC team has early as January 2022 announced their aim of turning HEC into a token that can be tradable through the use of a blockchain. Since then, as of 26th January 2022. The HEC has been deflationary with its latest $HEC token by burning a good number of the token. The $HEC is expected to be listed in popular exchanges by the second quarter of 2022 (2Q22).
With the heavy push of the HEC team. I believe if they can continue with their consistent progress effort, this 2022 is going to be massive for the $HEC token.
One of the strategies of the HEC teams in moving the token forward is to maintain the deflation of HEC through the constant use of its generated revenue in buying and burning of tokens from the markets. The team believed that this idea and effort will not only make the coin stable but also help the $HEC token holders by gaining a constant profit of the entire HEC Ecosystem as well.
Note:, it's expected that the users of the $HEC token can make use of USDC or even Dai for the minting of TOR. You need to be aware that as the HEC finance token will be burned after you must have used your USDC or Dia that whenever the TOR grows, "the $HEC token grows as well" and whenever the TOR dip or goes down,"
users of the token can purchase more to balance the TOR.
Also, know that as a user a small price is charged from you to make the token balance TORS price at $1 but any time the TOR price is over or above $1 fixed (peg), Any user or holder of the token is now permitted to pay $1 per token for the minting of the TOR as the price which can now be sold for profit-making. This will also help the token to balance as users sell until the price peg will be reviewed.
Hector's financial team is on its way to donating over $1,000 to charity to any firm which will be among the top ten to adopt and use TOR as part of their services rendered. The HEC team has also promised to provide 20% of APY to enable the TOR stable, valuable, and stronger in the crypto competitive environment.
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