HTC.CASH - The First Algorithm Stablecoin Pegged to HT on Heco Chain

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General Introduction

The global DeFi industry is experience massive growth . It has attracted large numbers of adopters . As we are all aware DeFi is quite a new industry in Crypto industry but the geniuses and profitability of this system has inspired large scale , medium and institutional investors to adopt the financial technology . Ethereum Network is one among the most widely used network that power majority of these DeFi platform but there are lots of shortcoming in this network . High gas price and slow transaction speed are the major problem if the network. HUOBI Blockchain known as Huobi Ecological Chain (HECO) has emerged to reverse these ugly trends. HECO is the blockchain network of HUOBI platform . It is an advance blockchain network designed to correct the existing errors in most blockchain networks. Huobi token (HT) is the fundamental assets and native currency of Huobi Ecological Chain (HECO) . In this publication, i will be discussing about HT.CASH protocol .It is a DeFi platform powered on Huobi ECO Chain which guarantees convenience for the users, high transaction speed, security and cheap transaction charges. HT.CASH has been designed with some features focusing on taking DeFi to the next level.

HTC ANCHOR CASH ECOSYSTEM OVERVIEW

Under-collaterized algorithmic stablecoin is seen as the best means of pegging assets to prices of a particular goods and services. This strategy is adopted by the team of HT.CASH to achieving a reasonable token model .The prices and stability of these assets are determined by the forces of demand and supply . In this Publication , i will be discussing with my readers about HTC.CASH , world first Algorithm Stable coin that is pegged to HT on HECO Chain . I do hope my readers will find this platform very interesting and promising .

. As we all know , HECO is a very robust blockchain platform which has survived all odds in Crypto ecosystem . With the growth of the ecosystem, the team see it as a priority to create a digital assets that will be pegged to HT so as to meet the growing demand for the global users daily transactions. It is not strange in crypto sphere the difficulties all crypto users face while using Ethereum network , the high gas price is a barrier that can prevent the entrants of new users into the crypto sphere , hence preventing massive adoption. The team of Huobi has emerged to solve all these problems by developing a reliable, safe and highly affordable blockchain network named Huobi Ecological Chain (HECO) . This network will be solve the existing high gas fee problems all crypto users encountered while using Ethereum blockchain . HECO has developed the safest , reliable and highly affordable blockchain network with high network speed . HT network implements a brilliant and highly reliable algorithm which ensures price stability and ensuring there is no devaluation barriers.

In this article we are going to focus our discussion primarily on HT Anchor Cash, its benefits and reliability . HTC Cash is an experimental innovative Stable coin project that is pegged to HT which is the Huobi Token .It is the latest version of Basis Protocol . There are some major improvement in Huobi Anchor Cash which makes it worthwhile compared to any other Stable coin . There is high reduction in the risk of manipulation , the price feeding system is dependent on the 12 hours weighted average price of HT /HTC trading pairs on the DEX . This reduced the risk and tendency of price manipulation. Another glaring improvement is the adjustment of Rebase time to once in every 12 hours and 20.00 SGT respectively.

Further issuance of token numbers for each period of rebase is adjusted to 95% of the total distribution for each rebase whole the remaining 5$ goes to the treasury instead of the total original 100% being on the Basis Protocol. This adjustment have tendency to make treasury more profitable and mandatorily redeem HTB Bonds and when the price of HTC is below 1HT , It is advisable for users to exchange the bonds so as to maintain the balance .

HT ANCHOR CASH STABILIZATION SYSTEM

The HT ANCHOR CASH PROTOCOL is designed to settle threshold for the token price stability in which the stability mechanism are triggered upon being below or above this threshold .

(a) When the HTC goes below 1 HT

(b) Users will be able to purchase HTB at a certain discounted price to establish price fairness when the price of HTC is traded below 1 HTC . This follows with the future expectation of profits upon redemptions

(c) Each Bonds promises holders up to 1 HTC under some certain condition at some point in the future . HTC are burned whenever a user purchases them , hence leading to decrease in the circulating supply and improving the price .

HTB does not promise holder interest payout and they dont have neither expiration or maturity dates. It can be redeemed on 1:1 ratio with HTC when prices increases above 1:1 HT

(d) The Purchased bonds can only be redeemed on 1: 1 ration with cash only when price of cash goes above 1: 1 HTC . This will deter holders of bonds from cutting losses on redemptions and establishing increases in the supply .

HTC.CASH TOKENOMICS

HT ANCHOR ECOSYSTEM comprises of 3 different tokens . Namely ; HTC ( HT ANCHOR CASH) , HTS ( HT ANCHOR CASH SHARE) and HTB(HT ANCHOR CASH Bond) . Both HTC AND HTS are obtainable through the provision of Liquidity ,which HTC is pegged to HT VALUE to I HT ( HTC: HTC: HT 1:1). HT ACHOR SHARE (HTS)holders can participate in board staking to get the premium income generated by HTC after the inflation . HTB is the ecosystem bond issued when HT ANCHOR CASH (HTC) price is lesser than 1 HT which can be used to repurchasing HTC when price of HTC exceeds 1:1 . Both HT.CASH and HTB holders can exchange HTB back @ ratio 1:1

TOKEN DISTRIBUTION SYSTEM

HTC does not have pre mining , the distribution system is fair . The total supply of HTC is 11,000 . It is fairly distributed as reward to each mining pool in which each mining pool is capable of mining 1,000 HTC for a period of 10 days in which each Mining pool mines 100 HTC on daily basis .

HTS distribution will kick off immediately after the start of HTC distribution , the total of HTS is 2,100,001 in which 5% will be allocated to the DAO and the early investors . The portion of 5% will be used for marketing and exchange listing and there will be no pre-mining . 1 HTS will be added to the DEX liquidity pool while 2 million HTS will be mined and distributed in to four mining pools.

(i) HTC-HT-LP mining pool: 750,000 HTS

(ii) HTS-HT-LP mining pool: 250,000 HTS

(iii) HTC-HUSD-LP mining pool: 750,000 HTS

(iv) HTS-HUSD-LP mining pool: 250,000 HTS

The HTS-HT-LP mining pool and HTS-HUSD-LP mining pool will distribute the same number of tokens every day, that is, 684.9315 HTS, which will be released linearly in one year. The HTC-HT-LP mining pool and the HTC-HUSD-LP mining pool each release 187,500 HTS in the first 30 days, and decreases 75% after every 30 days

Conclusion

HT ANCHOR CASH is a positive development in DeFi industry . It is a revolutionary DeFi system that will pave ways to the development and sustainability in the Global DeFi industry . It is a decentralized platform opened to everyone . Crypto lovers all around the world have right to join in the mining and governance of HT ANCHOR CASH DeFi ECOSYSTEM . The platform is powered on Huobi ECO Chain which guarantees convenience for the users, high transaction speed, security and cheap transaction charges. What are you waiting for ? Be part of the HECO ecosystem and the growing DeFi industry ,#HTCCASH #HTC #DEFI #HECO #HuobiEcochain.

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