HectroDAO Ann

2022-04-26 23:35:22 TIP-019 - $500,000 investment from treasury into NEAR Protocol ($NEAR)

We believe additional investments in established projects at current market conditions will help to further grow our treasury. Diversity minimises the risk and makes growth possible.

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”

NEAR uses its Nightshade technology to improve transaction throughput massively. Nightshade is a variation of sharding, in which individual sets of validators process transactions in parallel across multiple sharded chains, improving the overall capacity of the blockchain. In contrast to “regular” sharding, shards in Nightshade produce a fraction of the next block, called “chunks.” In doing so, NEAR Protocol is able to achieve up to 100,000 transactions per second and achieve near-instant transaction finality thanks to a one-second block cadence while simultaneously keeping transaction fees at virtually zero.

NEAR Protocol also improves upon the convoluted onboarding process of other blockchains by having human-readable addresses and building decentralized applications with similar registration flow to what users have already experienced. Moreover, it provides developers with modular components, helping them start projects like token contracts or NFTs more quickly.

After TIP-019 ends, we will withdraw $500,000 from the Treasury to a secondary wallet and will perform the investment in the following hours. (We'll analyse the target project chart to find the best moment to jump in, and may do multiple smaller transactions instead of a big one).

Vote below:
https://vote.hectordao.com/#/proposal/0xf60e687110b574702a23b8d87a44af16e44f6476593e5a5e980607ebe4430829 Open / Comment

2022-04-26 23:35:21 Open / Comment

2022-04-26 22:59:52 TIP-018 - $500,000 investment from treasury into VeChain ($VET)

We believe additional investments in established projects at current market conditions will help to further grow our treasury. Diversity minimises the risk and makes growth possible.

VeChain exists to disrupt traditional business models, and is best known for its work in supply chain, an industry that has changed little over the decades. Its work in providing a decentralised trust layer for multi-party ecosystems has already seen major sucesses with high profile clientele and government bodies.

Using transparent technology with no single point of weakness or control allows for greater security, efficiency and ease of tracking for all kinds of data, while reducing costs through trustless automation via smart contracts. Carbon, supply chain, international logistics, incentivised ecosystems, automobile passports and more all greatly benefit from the digitisation of trust and colaboration it enables.

VeChain’s platform accordingly has very wide appeal to many different clients of clients and industries.

VeChain’s official literature notes that its unique proposition lies in its dual-token setup alongside transformative protocols such as 'fee delegation' and it's one-stop 'ToolChain' platform that means crypto-wary companies can pay in fiat for VeChain's Blockchain-as-a-service, while smart contracts handle gas payment costs, ensuring frictionless use of the network, even in strict jurisdictions.

After TIP-018 ends, we will withdraw $500,000 from the Treasury to a secondary wallet and will perform the investment in the following hours. (We'll analyse the target project chart to find the best moment to jump in, and may do multiple smaller transactions instead of a big one).

Vote below:

https://vote.hectordao.com/#/proposal/0x4bc224f5da2542c23d114ae4bc1018a88a991d054920afa2dd7f1200e4ad9852 Open / Comment

2022-04-26 22:59:51 Open / Comment

2022-04-26 21:58:44 Hectorians!


Amidst announcing our proud sponsoring of the Blockdown NFT festival, we would like to announce a ticket giveaway!

Follow the steps in the link below for a chance to win an exclusive 3 day access to the Blockdown NFT festival in Šibenik, Croatia:

- Access to BlockDown Exhibition Areas
- Access to All Daytime Speaking Stages
- Access to BlockDown Basement Area
- And much more!

https://app.viralsweep.com/sweeps/full/140f95-110805?framed=1

Ends 5/7/2022
Goodluck to all! Open / Comment

2022-04-26 20:04:22 Hectorians!

We are excited to announce that we are sponsoring the Blockdown NFT Festival!

https://blockdownconf.com/


Blockdown NFT Festival is the World's First NFT-Enabled Web3 Festival hosted on the 11-13th of May, 2022! Blockdown NFT festival is located in one of the most beautiful locations in the Balkans, Šibenik, Croatia.
From the beautiful scenery, stunning aesthetics, and an electric atmosphere; this festival is the ultimate post-lockdown extravaganza for the Web3 community.

Don’t miss out on this chance to attend and be part of the world’s first NFT-enabled Web3 festival!
Tickets here - https://blockdownconf.com/tickets

Stay tuned for another awesome Blockdown announcement coming soon:) Open / Comment

2022-04-26 18:26:43 HecTORians!

TOR is now properly listed on CoinGecko!

https://www.coingecko.com/en/coins/tor Open / Comment

2022-04-25 20:59:58 TIP - 017 OTC $500,000 BOO Treasury Allocation

Over the last few months we’ve been increasing our holdings of BOO tokens. We use these tokens for a few purposes - mainly staking to compound rewards and grow the treasury further over time. The current market dip presents a good opportunity to acquire more BOO tokens at a relative discount. We also have an OTC relationship established with SpookySwap which will allow more tokens to be purchased.

With a yes vote, we will use $500,000 from the treasury to purchase BOO tokens and stake them.

https://vote.hectordao.com/#/proposal/0x220cd36b2a42dfb060aa183ac2507200f0000458a9ea71a7b1a8508ae322e59c Open / Comment

2022-04-25 20:56:18 TIP - 016 $500,000 allocation from treasury into FTM

Over the last few months we’ve been increasing our holdings of the FTM token. These tokens are used for a variety of purposes - mainly to stake with our validators and provide a revenue stream to the project. Given the current market dip (FTM is ~$1 per token at the time of writing), we see an opportunity to acquire more tokens.

With a yes vote, we will use $500,000 from the treasury to purchase FTM tokens and self-delegate them to our validators in a 50/50 split.

https://vote.hectordao.com/#/proposal/0x86d06ccd3f82a2bf5c824077cf05ec819acb797154ad54ae46e4c0da46665fed Open / Comment

2022-04-25 15:15:13 Hectorians!

Our friends at SpookySwap are holding a governance vote for a TOR-FTM pool and HEC pool. If you’re a SpookySwap voter then make your voice heard and vote for us!

https://twitter.com/SpookySwap/status/1518337987406299137?t=hdks1BfPNtlFrSnW7Y7oOg&s=09 Open / Comment