HTC ANCHOR CASH
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General Introduction
The global DeFi industry is experience massive growth . It has attracted large numbers of adopters . As we are all aware DeFi is quite a new industry in Crypto industry but the geniuses and profitability of this system has inspired large scale , medium and institutional investors to adopt the financial technology . Ethereum Network is one among the most widely used network that power majority of these DeFi platform but there are lots of shortcoming in this network . High gas price and slow transaction speed are the major problem if the network. HUOBI Blockchain known as Huobi Ecological Chain (HECO) has emerged to reverse these ugly trends. HECO is the blockchain network of HUOBI platform . It is an advance blockchain network designed to correct the existing errors in most blockchain networks. Huobi token (HT) is the fundamental assets and native currency of Huobi Ecological Chain (HECO) . In this publication, i will be discussing about HT.CASH protocol .It is a DeFi platform powered on Huobi ECO Chain which guarantees convenience for the users, high transaction speed, security and cheap transaction charges. HT.CASH has been designed with some features focusing on taking DeFi to the next level.
HTC ANCHOR CASH ECOSYSTEM OVERVIEW
Under-collaterized algorithmic stablecoin is seen as the best means of pegging assets to prices of a particular goods and services. This strategy is adopted by the team of HT.CASH to achieving a reasonable token model .The prices and stability of these assets are determined by the forces of demand and supply . In this Publication , i will be discussing with my readers about HTC.CASH , world first Algorithm Stable coin that is pegged to HT on HECO Chain . I do hope my readers will find this platform very interesting and promising .
In this article we are going to focus our discussion primarily on HT Anchor Cash, its benefits and reliability . HTC Cash is an experimental innovative Stable coin project that is pegged to HT which is the Huobi Token .It is the latest version of Basis Protocol . There are some major improvement in Huobi Anchor Cash which makes it worthwhile compared to any other Stable coin . There is high reduction in the risk of manipulation , the price feeding system is dependent on the 12 hours weighted average price of HT /HTC trading pairs on the DEX . This reduced the risk and tendency of price manipulation. Another glaring improvement is the adjustment of Rebase time to once in every 12 hours and 20.00 SGT respectively.
Further issuance of token numbers for each period of rebase is adjusted to 95% of the total distribution for each rebase whole the remaining 5$ goes to the treasury instead of the total original 100% being on the Basis Protocol. This adjustment have tendency to make treasury more profitable and mandatorily redeem HTB Bonds and when the price of HTC is below 1HT , It is advisable for users to exchange the bonds so as to maintain the balance .
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
Mdex.com trading pairs:
HTC-HT:0xf6da71cbf913a0119205c20b0fcde38c0a441690
HTC-HUSD:0xaa9c1c9520de18b27f3573ff9309c8918a0c1e60
HTS-HT:0xc7acca7e665491056279f5dbdc393ffb41fe4e33
HTS-HUSD:0x9fe0aa47fc8ad1a255645719f653a28796bd8e18
HTC Community official links
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/
Author
Username: Megan Domani
BTT link: https://bitcointalk.org/index.php?action=profile;u=2851705
HT address: 0xf0fAf8D576082eC4B24a0A7e7671fAaf75fDB219
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