HOTFRIESCOIN - A new asset class of Bitcoin killers called stable progressive currencies that only increase in value and never decrease.
Overview
Cryptocurrency investing has become the next big thing as the trade of digital assets has changed the outlook of things and revolutionized the global financial system.
A large number of people around the world have decided to adopt the fast-moving cryptocurrency system because of the benefits it offers to its users and the impact it has on the global economy.
But, despite all the benefits that can be gained from this new digital currency, it still has a number of challenges that affect its growth and prevent it from being fully embraced.
These challenges are seen in the cryptocurrency platforms that are designed to help manage cryptocurrency investments effectively, making it a reliable and profitable form of investment.
HOTFRIESCOIN IS NEW ASSET CLASS.
They are launching a new concept called Stable PROGRESSIVE Coin. As they have seen with platforms like Safemoon and certain crypto exchanges that charge a fee of more than 10% when you buy or sell. Here they are creating a system that is fair, transparent and will create astronomical yields (profits) for its holders. This new concept will change the financial world as we know it. The idea of a stable progressive currency is to create a currency that constantly increases in value and never decreases in value. HOTFRIESCOIN is just that currency. To make this possible they use an elastic infinite supply protocol and a fee-based system. Unlike other cryptocurrencies available on the market here, the initial supply at Hotfriescoin is zero.
Hotfriescoin does not generate any coins. Coins are minted (created), when they are bought with a stablecoin (BUSD) and when they are sold for a stablecoin (BUSD) exchange the coins are burned (destroyed). A 10% is applied every time a mint or sales transaction occurs and is distributed among all HOTFRIESCOIN holders. Hotfriescoin can only be purchased with stablecoin (BUSD) to guarantee price stability. This basic tokenomics concept has allowed us to create the world’s first stable progressive currency.
HOTFRIESCOIN’S MISSION
Hotfriescoin has a mission to enable people from different backgrounds around the world to greatly increase their wealth and create financial access for them. People can benefit significantly from innovative protocols that allow users to simply earn interest from buying and holding. Coin holders are constantly paid a fee as soon as the transaction takes place on the network. Hotfriescoin is the new BSC DEX, built entirely on Stablecoin and will soon be available on most major networks.
HOTFRIESCOIN’S AIM
Hotfriescoin is the world’s first stable progressive currency whose goal is to create a system that is fairly transparent and its holders will produce astronomical yields for the holders of stable progressive currencies. We use an elastic infinite supply protocol to make it possible for prices such as transactions to be bought or sold and without reducing the price and use a fee based system on hot fridge coins every time they are bought with a stable coin or bud and the coin burns or is destroyed every time Stablecoins or buds are sold for exchange every time a mint or cell transaction occurs. People to generate astronomical returns on investment.
TOKENOMIC
Just that simple, because as transaction happen in the network, the fees paid are continuously shared to the holders. Hotfriescoin is the new BSC DEX built strictly on stablecoin.
Like most crypto that have an initial supply (finite or infinite), the Hotfriescoin doesn’t have an initial supply. It will have an elastic infinite supply, which mean that anytime someone engages in a buy or sell transaction WITH (BUSD OR ANY STABLECOIN AVAILABLE ON THE BSC) the exact amount equivalent of hotfriescoin will be mint or burn in respect of the appropriate fees.
The INITIAL PRICE OF A HOTFRIESCOIN WILL BE 1 HFC= 1BUSD.
THE FEES CHARGE ON ANY BUY OR SELL TRANSACTION IS 10% OF THE TOTAL TRANSACTION.
The fees will be share as follow:
- 8% shared between all holders
- 2% to the hotfriescoin treasury.
The 10% fees charged on the transactions (buy or sell) will give an annual APR of up to 584% for every holders, which beats the ROI of investiment of eery defi protocol so far.
In addition, we have a CHEESY TOPPER PROTOCOL:
All our products offering such as trading, yield farming, lottery, prediction and prediction marketplace will incur some fees, parts of the fees will be shared back to our holder.
Anytime a fee a shared to the holders the price of Hotfriescoin will increase.
In every scenario Hotfriescoin will continuously increase no matter the transaction (buy or sell), which is the idea of the Stable progressive Currency.
One very important thing to mention, the fact that hotfriescoin is strictly built on Stable coins it is protected against price lost that can incur because of the volatility of speculative asset like ( btc,bnb, eth etc…)
Below here is table of the fees schedule:
EXAMPLE of YIELD GENERATED BY JUST HOLING HFC ( HOTFRIESCOI STAKING)
Let’say we the following value:
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
We 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.
More information
Website: https://www.hotfriescoin.com
Telegram: https://t.me/hotfriescoin
Twitter: https://twitter.com/hotfriescoin
Facebook: https://www.facebook.com/hotfriescoin
Instagram: https://www.instagram.com/hotfriescoin
Discord: https://discord.com/invite/SatrGDwZ3g
Github: https://github.com/wilkont/Hotfriescoin
Author By:
BitcoinTalk Username: SultanNasirUddin
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3366808
BSC Wallet Address: 0x0b58f667376a3E923e37b880ED8CC6Be2234dbEd
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