The Benefits of Building on the Fantom (FTM) Network, as shown by Hector
After the Ethereum (ETH) 2.0 Merge, users are still seeing lengthy transaction speeds and high ETH gas fees. While they have improved recently, due to less traffic on the ETH chain, they still remain much higher than other blockchain networks like Fantom (FTM). Fantom, powered by their token FTM, continues to have one of the fastest transaction speeds and the lowest gas fees, which makes it a good alternative platform to Ethereum.
Fantom is also compatible with the Ethereum Virtual Machine (EVM), which makes it easy to transfer decentralized applications (dApps) that are built on Ethereum over to Fantom. Fantom is available as an ERC-20 and BEP-20 token, which also makes it easier to add to MetaMask, and, in turn, offers a lot of ways for users to get their tokens.
Hector is Hosted on Fantom
Hector Network, previously known as Hector DAO, is one of many projects built on the Fantom blockchain. Its deflationary token, $HEC, is primarily traded on SpookySwap, which is a good decentralized exchange (DEX) option on the Fantom blockchain. Hector is considered a low-cap coin and is still in the early stages of development, which means it's still early to get in on this project.
At the time of writing this article, Hector’s market cap is about $23M, with just over $500k of trading volume in the last 24 hours. The token has a treasury balance of nearly $60M. They also have their own decentralized exchange (DEX), as well as a metaverse game. They have plans to become multichain-functional and add support for more blockchains including the BNB Chain.
Hector also just announced its partnership with DePocket Finance, where they plan to provide users with additional ways to monitor and interact with their DeFi portfolios across multiple chains and wallets. The dashboard is projected to be live soon.
Hector Network is also an official partner of Borussia Dortmund (BVB), one of Germany’s biggest professional football (soccer) clubs.
You can also check out our previous article on Hector here.
Hector Audit Overview
Hector has also been audited by Certik, which is valued at $2B per recent valuations. They received an 85/100 Trust Score. There were ten total findings in the audit, none of which were critical. As a result of the audit, two of the findings were resolved, one was partially resolved, and seven were acknowledged.
Check out our latest review of Hector on the VoskCoin YouTube Channel here:
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 for sponsoring this article. Please do your own research before using any platform, and make sure to subscribe to the VoskCoin YouTube Channel to stay up to date on the latest cryptocurrency news and reviews.
