Hector DAO
| Hector DAO | |
|---|---|
 | |
| Development | |
| Development status | Active |
| Website | hectordao |
Search Hector DAO on Amazon.
Hector is a decentralized protocol based on the HEC token that was collateralized and backed by the Hector DAO.[1] It is community-owned i.e. HEC holders decide on Hector’s future via on-chain voting.[2] Hector is also developing an ecosystem that will consist of various innovative developments and applications.[3]
History[edit]
The currency was launched on 1st November 2021 as Hector DAO by a group of developers, strategists, and marketers as a fork of the Olympus DAO protocol.[4] The project has been launched on the Fantom (FTM) chain.[5] It is an altcoin and it will be the reserve currency of Fantom. In order to maintain price stability, Hector uses the Algorithmic Currency Protocol and is also supported by other decentralized assets.[6][7]
References[edit]
- ↑ Scott-Briggs, Angela (24 November 2021). "Hector DAO Brings a New Era of Decentralization Replace Centralized Stablecoins". TechBullion.
- ↑ "Hector DAO Brings a New Era of Decentralization Replace Centralized Stablecoins By CoinQuora". Investing.com.
- ↑ "Taking on stablecoins and disrupting the reserve currency industry — Hector DAO launches 4.4". Cointelegraph.
- ↑ "Hector DAO Brings a New Era of Decentralization Replace Centralized Stablecoins". Business Telegraph. 23 November 2021.
- ↑ "Hector DAO Staking and Passive Reward System". News BTC. 24 November 2021.
- ↑ "What is HECTOR DAO?". hectordao.com.
- ↑ "Hector DAO Announces Decentralized Stablecoins, Replacing Centralized Stablecoins". AsiaOne. 24 November 2021.
This article "Hector DAO" is from Simple English Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Hector DAO.
