Hectorians! We are pleased to announce that TOR IS NOW AVAILA | HectroDAO Ann

Hectorians!

We are pleased to announce that TOR IS NOW AVAILABLE ON JULWALLET!

What is JulWallet?
For those that do not know, Julwallet is a decentralized finance system that was built to prioritize and cater to everyone with a cell phone connected to the internet. Their goal is to allow anyone in the world to have self-custody over their own crypto and use it as the available payment solution globally!

How does it work?
A user will download Julwallet, setup/confirm KYC, then you can deposit your desired crypto (e.g TOR)
Once transactions are initiated, a Signer Wallet is used to sign the transaction provided by JulWallet. (Covers both for payments and withdrawals)
The payment will then go through a master account, through a DEX swap to convert to USDC. Once converted through the master wallet, USDC is exchanged into Fiat. That Fiat is then transferred to the vendor.



What are some of the payment challenges they are solving?
Security! - $3.3B was lost due to credit/debit card fraud in 2020.
Centralized control of funds
Narrow geographical access to crypto debit cards
Disjointed exchange rates globalls
Extensive bank wire processing time


You can now begin purchasing goods and services in $TOR with JulWallet!
This is an amazing achievement for the utility of TOR, our natively Fantom Stable coin! As Hector Finance pushes TOR into the direction of payment utility, TOR will begin to rapidly become more known, increasing its utility in the stable coin world!

Notes:

The JulCard has a monthly fee of $6.99 USD. At the first payment, it will be deducted automatically after 30 days. The blockchain fees are minimal due to being on Fantom. Typically just a few cents.

The JulWallet contracts have been audited by Github. You can go to their website to see those audits if you wish.