HectroDAO Ann

2022-04-24 21:55:16 TIP-015 - $500,000 investment from treasury into Stellar ($XLM)

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

When XLM was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology.

The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.

If all of this sounds familiar, it is worth nothing that Stellar was originally based on the Ripple Labs protocol. The blockchain was created as a result of hard fork, and the code was subsequently rewritten.

Stellar is unique because every transaction costs just 0.00001 XLM. Given how one unit of this cryptocurrency only costs a few cents at the time of writing, this helps ensure that users keep more of their money.

Few blockchain projects have managed to secure partnerships with big-brand technology companies and fintech firms. A few years ago, Stellar and IBM teamed up to launch World Wire, a project that allowed large financial institutions to submit transactions to the Stellar network and transact using bridge assets such as stablecoins.

After TIP-014 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/0x55918aa62958c77c7b6715cb1756f121bf3bd86b91d767c932da38823af50d4b Open / Comment

2022-04-24 21:55:15 Open / Comment

2022-04-24 21:16:32 We like it, you like it, so why not have another TG giveaway?

Three times a week, starting from 25/04/22. During the upcoming 4 weeks, we will reward the most active TG members!

What do you have to do to win some prizes? Be active and share some love!

The most active HECtorians will win prizes consisting of TOR and the rest will be entered to participate in a prize draw.

To get a ticket for the prize draw you need to have at least 1% of daily chat activity (around 20 msgs without gifs).

Rewards: 2900 TOR

3 most active HECtorians (Mon - Wed & Thu - Sat): 50 TOR each
3 most active HECtorians in a week: 100 TOR each
the single most active HECtorian after a month: 400 TOR (min 300 msgs).

Note: Spam msgs will not be included.

You can earn additional points (1% of daily activity) if you publish a bullish statement about Hector Finance on your socials and post a link in a comment of this announcement.

Start: 25/04/22 00:00 CET
End: 22/05/22 23:59 CET Open / Comment

2022-04-24 20:23:02 Hectorians!

Reminder that our AMA session with Weave will start on discord at 20.00 U.K. time (about 1.5 hours from now). Open / Comment

2022-04-24 09:16:45 Hectorians!

Thank you for your votes. We will invest $500,000 in $FTT within the next days. We keep you updated. Open / Comment

2022-04-24 00:14:11 Hectorians!

There were some amazing impressions at the Paris NFT Day and the Paris Blockchain Week Summit.

Thanks to all participants of the competition.

Winners were drawn and contacted via Twitter or email! Open / Comment

2022-04-23 21:44:04 Hectorians!

Here’s the link to the Community Update Session!



Open / Comment

2022-04-23 19:47:51 Hectorians!

The community update session will be at 20.00 BST (about 2 hours from now).

Links will be shared closer to the time. Open / Comment

2022-04-23 00:12:19 TIP-014 - $500,000 investment from treasury into FTX Token ($FTT)

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

FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019.

The team behind FTX comprises some of the largest crypto traders over the past few years who, having found issues with most mainstream crypto futures exchanges, decided to launch their own platform. FTX claims that it stands out due to such features as clawback prevention, a centralised collateral pool and universal stablecoin settlement.

FTX is backed by Almeda Research, which is known as one of the leading companies in crypto trading and one of the largest liquidity providers.

As such, FTX is a product designed by professionals with confirmed expertise in the industry. They cover multiple services: from collateral to maintenance margin to liquidation processes and product listing. FTX also claims to be focused on fast development cycles, allowing them to deploy crypto trading systems at a competitive pace.

After TIP-014 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).

Please vote below:

https://vote.hectordao.com/#/proposal/0x205c78d0e1ec78bdff0f96df53618e02e379ae8b2d7c73616e749cf8661ff90b Open / Comment

2022-04-23 00:12:15 Open / Comment