Could this be the Next Best Project on the Fantom Blockchain?
Today we’ll be taking another look at the Hector Network (rebranded from Hector DAO) and their $HEC token, which we covered earlier this year. With their rebrand has come multiple updates to their platform and mission, making them a project to look out for. We won’t be focusing too much on their decentralized application (dApp), but rather on the ecosystem they are building as a whole.
We recently covered the Hector Network update on our channel, so if you would like to watch that video, you can find it here:
What is the Hector Network?
At present, Hector Network is an official partner of Borussia Dortmund (BVB), one of Germany’s professional sport clubs. They often have some of the highest social media engagement and performance on the Fantom blockchain ecosystem. Fantom ($FTM) is currently a Top 100 Cryptocurrency, and Hector Network ($HEC) is in the Top 500, with a market cap of $40 million.
An Expansive Ecosystem
Hector Network seeks to create a vast, decentralized ecosystem that can be used for a variety of applications. They have their own decentralized exchange (DEX) and their own metaverse game, which was made in partnership with Catheon Gaming. Their ecosystem is fueled by two tokens, the Hector token ($HEC) and their $TOR stablecoin. To trade in and out of both coins, you have the option to use SpookySwap or their own DEX, as well as a few centralized exchange options. They are also planning to move towards becoming multichain functional, specifically adding support for the BNB Chain.
Their $HEC token is a deflationary token, with over a million tokens having been burned so far. With a treasury balance over $70 million and a runway of over 1,000 days, users also have the option to stake their $HEC for a 21% return.
A Bright Future?
Looking forward to the Hector Network, they have a tier one exchange listing in progress, the upcoming launch of their “Atlantica” NFT launch pad, as well as their Hector NFT Mythos Collection, which has 16 artworks based on Greek mythology, each of which is available in 5 levels of rarity. They claim to have more partnerships in the works as well, so it seems like there’s a lot in store for the Hector Network and their decentralized ecosystem.
Join the Hector Network Community:
Website: https://hector.network/
Twitter: https://twitter.com/hector_network
Discord: https://discord.com/invite/hector
Medium: https://medium.com/@Hector_Network
Thank you to Hector Network for sponsoring this article. This is not financial advice. Please do your own research before investing. Make sure to subscribe to the VoskCoin YouTube Channel to stay up to date on the latest cryptocurrency and mining news and reviews.
