Main navigation

Hector Network, An Expanding Ecosystem Offering Unique Opportunities to Users

Tue, 08/02/2022 - 10:40
Hector Network, An Expanding Ecosystem Offering Unique Opportunities to Users
The cover image and all the rights belong to the client ordering given press release
Read U.TODAY on
Google News

The crypto and blockchain space has advanced tremendously in the last decade, with new and state-of-the-art features making their way into projects.

Hector Network is not merely a platform with one focus but an ecosystem of intertwined sub-projects. Its journey so far has been exceptional! Hector Network has managed to raise more than $75,000,000 in stablecoins by offering its native token, $HEC, at a discounted price and intends to utilize the funds for further development of the ecosystem and, subsequently, the expansion of Hector Network. While not in use, the project invests a part of the treasury in volatile tokens to earn decent returns and further pump funds into its ecosystem. With such a massive treasury, Hector Network has a clear edge over other projects in the market.

Also, Hector Network is working on a partnership with one of the most popular football clubs worldwide, and the talks are almost in the final stages. The official announcement should be made soon. The partnership will make Hector Network a popular name and help it target a large audience across the globe. The deal is worth millions of dollars, and once it’s official, Hector Network is bound to become a household name amongst crypto enthusiasts.

The various sub-projects under development offer a great opportunity to users and especially the new ones. There is something for everyone at Hector Network and one clear goal is to be the first place to go for people new to crypto!

Atlantica, Hector Network’s NFT marketplace

For NFT enthusiasts, Hector Network will launch an NFT marketplace, Atlantica. The team has been working diligently on its development and has collected feedback from experts, artists, and traders to create a marketplace that provides a seamless experience. 

De-Fi gaming is a vital part of the Hector Network Ecosystem

Another domain Hector Network plans to capture is DeFi Gaming. The industry has seen exponential growth in the last few years, with several gripping Play-to-Earn games released. But, the space remains comparatively unexplored, and that’s what Hector Network will tap into. Also, a large fan base for Play-to-Earn games gives Hector Network a chance to make it big in the gaming space. The OIKOS seeks to combine the best of multiplayer gaming, story & quest-driven gaming, open-world exploration and the needed social aspects.

The Mythos Collection, Hector Network’s own NFT

The Mythos Collection consists of 16 artwork and comprises a total of 10,000 NFTs, with each artwork put at one of the 5 different rarity levels. The rarer the NFT, the more valuable it is!

Users who mint The Mythos Collection NFT are eligible for additional rewards through the Fantom Lottery. It will be held every four weeks, where winners will be selected randomly and the pooled prize money distributed equally among them. The value of rewards will depend on the project’s earnings from mining and aftermarket sales. Each NFT held translates into 1 ticket. So the more NFTs a user mints, the higher the chances of winning the Fantom Lottery.

Hector Pay, one of the most ambitious projects on Hector Network

Hector Network is also working on a platform to enable users to make payments for real-world items using their crypto balance. Also, it will offer users the option to send and receive coins using the Hector Pay mobile app and it will work across networks. Also, with Hector Pay, users benefit from lower transaction fees, quicker payments, and enhanced security.

In all, Hector Pay intends to revolutionize how the world views cryptocurrency and allow its seamless transfer, thus taking a step towards the future where crypto replaces fiat currency.

$HEC and $TOR, the two coins on Hector Network

The Hector Network ecosystem has two coins, $HEC, which is the native coin and $TOR, which is a stablecoin. The price of $TOR is pegged to USD, with 1 $TOR = $1, though slight variations are bound to happen but will automatically rectify, and the peg will be re-achieved. 

$HEC was be the first deflationary rebase token, and its supply peaked at 3,530,424. As per recent figures, the number of coins currently in circulation stands at 2,381,916. Besides, Hector Network also offers the option to stake $HEC tokens and earn a steady stream of tokens. 

That was a brief outline of Hector Network and the various sub-projects under development in the ecosystem. Also, if interested, users can acquire $HEC tokens through the upcoming OTC Promo where it will be possible to acquire discounted tokens with a timelock.

To find out more about the Hector Network and sub-projects under development, visit the official website: https://hector.network/ 

Also, follow Hector Network on all social handles to stay updated with the recent developments on the platform.

Telegram: https://t.me/Hector_Network

Twitter: https://twitter.com/Hector_Network

Discord: https://discord.gg/hector

Instagram: https://instagram.com/hector_network

Medium: https://medium.com/@Hector_Network 

GitHub: https://github.com/Hector-Network

Telegram Announcement: https://t.me/HectorNetworkAnn

Organization
Hector Network

This is a paid press release. U.Today does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. U.Today is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.