HecoSwap On HecoChain - Introducing a democratized AMM For Everyone

in #defi4 years ago

HecoSwap is not just another inflationary token. More than that it brings real value to the industry. It's a community-backed decentralized exchange for Hecochain assets but with the perfect smell of freshly baked bread. Native token HCO max supply is 5M, designed for a winning economy.
Click here to buy HCO.

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How are we starting?

Uniswap has started a trend to revolutionize decentralized finance and automated market-making recently, even beating Coinbase in daily trading volume in early September. But there are many lacks like swap time, high tx fee etc. So, we want to add a more comfortable service to all the DEX out there, starting with Uniswap. We want to become a one-stop DeFi service including staking, trading, and flipping lottery. We believe that DeFi projects have to make sense in the long term. Therefore, we starting HecoSwap and where everyone can participate in smart contract-based DeFi applications and governance.

We prefer Heco over others

Yes, we are talking about HCO, which brings you full energy during the whole period you use it. While SushiSwap’s idea is kind of interesting, the project also caused a huge loss of confidence in DeFi projects due to its transparency issue. We assume all of you are somewhat familiar with how Sushi works, but we are convinced that some of us would have done things in a different way.

One major flaw of the SushiSwap project and similar projects is, they don’t really care about community and governance. Incentives for liquidity providers and staking rewards are low and that will not change, due to the undemocratic way the protocol is created. Also, the transaction cost can make users huge losses for every single settlement.

So, while sushi is seen as food for the elite, HCO is for everyone's energy right?
And this is exactly the idea of HCO Making DeFi accessible for everyone.

We love to see you smile

HecoSwap is created for the community and its growth will be highly dependent on the community, by default.
HecoSwap emphasizes the concept of a “democratized decentralized exchange”, which means that governance is not optional but mandatory. Anyone holding HCO can express their opinion and participate in the development. The users make the rules!

We believe that the majority of the governance models in the DeFi space don’t apply real governance, as these models heavily rely on coders to change the contracts. HecoSwap is the people’s exchange and its parameter are directly determined by the people. Users of HecoSwap can actually vote to change parameters of the exchange, including trading fees, staking rewards, mining speed, etc. And what’s more, users can only get staking rewards if they participate in the voting!

Flippin’ your own HCO

Now let’s dive a bit deeper into the governance highlights of HecoSwap.
Mining rewards (HCO) for liquidity providers is a huge advantage of HecoSWAP. Liquidity providers will earn HCO reward along with 85% of trading fees generated on the platform. HecoSwap will use other DEX to swap at the best price, this means HecoSwap ensures the lowest slippage even for a larger volume. 35% of HCO token has been reserved to reward the liquidity providers and stakers. That's going to be a lucrative farming opportunity. Farming APY calculated every block, but we have an estimated ROI for now and that's 150% APY. By default, anyone can create a new token pool just like Uniswap. This can be changed later by governance voting.

Holding Your HCO

Heco will have a limited time presale to raise funds and awareness. Unlike many other DEX, we will only have one token that is HCO. At the launch of HecoSwap, MDEX, HCO will have 2000 HT locked liquidity from the team and all funds raised from the presale. We expecting to add +20000 HT as HT/HCO liquidity on MDEX. If you participate in the presale, you should have your precious HCO at the cheapest price ever. Hold HCO in better ways, get profits every day.

Hodl HCO Info

We want you to hodl HCO before it can be purchased on MDEX. Heco will be on MDEX at the same time when HecoSwap goes live with its awesome service. You can track the launching countdown on the HecoSwap website. Before that, we want to offer some HCO at a discounted price for early adopters. A total of 450,000 HCO is up for sale at the presale. The first few hours of the presale, we call "EARLY BIRDS HOUR" then until the presale ends, We call it "HCO FIRE HOUR".
Price per $HT is 50 HCO, while it will be listed at 35 $HCO per $HT. Isn't it a lucrative investment? We have more offers for early birds.

HCO Airdrop

10% HCO tokens are ready to be rewarded to the community. Anyone who purchases HCO during the presale, will receive the reward proportionally. Those, 100% of this allocation are for early investors, this is to encourage our users to provide bigger liquidity while earning greater rewards.

Click here to buy HCO.
HCO team reserves the right to end the presale at any time without notice.

Tokenomic:

HCO is the base utility token for HecoSwap. The platform itself has a lot of use-cases with this native token, therefore, the forecast for the price of HCO is skyrocketing.
Total Max Supply (Fixed - Burnable): 5,000,000
HCO Total sale: 450,000 HCO
Market Opening Circulation: 500,000 HCO

Breakdown:

Dev: 5%, Advisors 5% (Locked for 3 years)
Presale: 25% (vested 1 year, 8.333% unlocked every month)
Marketing: 20%
Farming: 35%
Airdrops: 10% (locked 1 year)

Why on Heco chain?

Heco is a decentralized, high-efficiency and energy-saving public chain, also the first product launched by the Huobi Open Platform. It is compatible with smart contracts and supports high-performance transactions.

  • Low transaction costs;
  • Low transaction delay;
  • High transaction concurrency;
  • High-quality projects can be listed on Huobi Global;
  • Cross-chain asset transfers;
  • Compatibility with smart contracts, which reduces;
  • development/migration costs;
  • Improved on-chain infrastructure

This forced us to utilize the Huobi eco chain and overcome the scalability problem.
The HecoSwap exchange aims to be your most secured DEX service provider while working alongside MDEX.

Official Link

Website: https://hecoswap.co/
https://app.hecoswap.co/
Telegram: http://t.me/hecoswaptg
Twitter: https://twitter.com/hecoswapdefi