HECTOR DAO
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Introduction

What is HECTOR DAO?

Hector DAO is a project which operates on the Fantom Opera Chain. We seek to create value for our users by developing a number of usecases within the Hector Ecosystem. Part of the revenues from these usecases will be used to buy and burn Hector tokens from the market. Over 2022 Hector will expand to become multi-chain.
Stablecoins like USDT and USDC have become an integral part of the Crypto space. We use them to store non-volatile value, allowing us to maintain the same amount of purchasing power from day to day. Unfortunately, this isn’t actually how the US Dollar works. The Federal Reserve controls the minting of US Dollars, and it’s fiscal policies have consistently led to the depreciation of its currency. This means that a Dollar today is worth more than a Dollar tomorrow.
Source: Bureau of Labor Statistics

What is the aim of Hector DAO?

There are three main aims of Hector DAO:

To become a major financial centre in the Fantom space and beyond

Hector DAO will position itself as a financial centre to facilitate a multitude of use cases within the Fantom ecosystem. We want to make it as easy, efficient, and fast as possible to manage your assets, lend/borrow, earn interest on staking, bridge between chains, launch new projects, and much more.

To aid the growth of the Fantom Opera Chain by producing high quality products and providing value

We love the Fantom Opera Chain. We love the functionality, ease-of-use, and speed. We love how scalable it is. We think the Fantom ecosystem presents a significant opportunity for growth, and we want to help that happen. To date we’ve donated thousands of FTM tokens (about 2,000 at the time of writing this) to new users of the Fantom network in order to help them with their first transactions. When you consider that we give 0.1FTM per transaction. That means we’ve paid for the first transactions of up to 20,000 wallets in the network.

To provide long-term value to users

Users have placed a great deal of trust into the project and team. This is something that we will never take for granted. Every decision we make is made with long-term growth in mind. It is our mission to create something which can provide stable growth and bring out the very best that the Fantom Chain has to offer.

Hector DAO is a recipient of the Fantom Foundation Incentives Grant

From February 2022 through February 2023, Hector DAO will be a recipient of the Fantom Foundation Incentives Grant. Each month, the Fantom Foundation will give a portion of tokens to the project to fund it. The amount of tokens received depends on a number of factors, but currently we will be receiving 2,500,000 tokens over 12 months.
More information about the grant can be found here.

How do I buy HEC?

We find that most of our users are not yet on the Fantom Opera Chain. Therefore, we have written a series of guides on how to bring funds form other networks into HEC.
Please check the "HOW TO BUY" section on the left.
Last modified 16d ago