Hector Network (HEC)

Hector Network (HEC) Price

This cryptocurrency is not listed for trading or services on Gate.

$0.005727

Market Cap

$13.89K

24h High

$0.005727

24h Low

$0.005727

24h Turnover

--

Total Supply

3.16M

Market Sentiment

Neutral

About Hector Network (HEC)

Hector is a decentralized protocol based on the HEC token – collateralized and backed by the Hector DAO. HEC will be the reserve currency on Fantom. In order to maintain price stability, Hector will use the Algorithmic Reserve Currency algorithm and will also be supported by other decentralized assets. Similarly to Olympus, HEC is backed by DAI and other assets owned by the reserve treasury, and will function in a very similar way: when HEC trades below DAI, the protocol will buyback and burn HEC, increasing its price to at least 1 DAI. This means that HEC will always be worth equal to, or more than DAI.

Risk Disclosure

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Disclaimer

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