The FTM crypto token has experienced quite some changes over the past few weeks and months, and surprisingly, not many people know about it yet! One of the most interesting things about Fantom is that it’s still a relatively new project. The project was first established in 2018, and currently, it works with over 80 dApps, which include DEXs, cross-chain bridges, yield optimizers, tools, NFT platforms, wallets, and more. Overall, both Fantom and the FTM token seem to have a promising future, but what does Hector Finance have to do with it? Today, we’re going to take a look at what our team working in the HEC ecosystem aims to do in collaboration with Fantom.

What Does Hector Finance Do?

Generally speaking, this company aims to control supply expansion through the protocol-managed treasury, protocol-owned liquidity, staking rewards, and bond mechanisms.

Since February 2022, it became a recipient of the Fantom Foundation Incentives Grant. This means that the Foundation will give a few of its FTM tokens to the project to that it can fund it. Overall, this project will be a recipient until February 2023.

General calculations give us an estimate of 2,500,000 tokens to receive until February 2023. However, there are still some factors that may alter that number slightly.

 

Aiming for Value Through Long-Term Solutions and High-Quality Products

As mentioned before, the primary goal of this ecosystem is to work alongside the Fantom Opera Chain to offer long-term value to more users worldwide, whether they’re on the HEC project already or not.

Our team is fascinated by the simplicity, functionality, and overall power that Fantom currently offers. If you didn’t know already, Fantom was designed to be a highly-scalable ecosystem, making it perfect for our growth project.

Currently, we’ve donated over 2,000 FTM tokens to new users in the network to aid them with primary transactions. These operations have helped us gain the trust of many users worldwide, and we’re going to use that to boost the HEC project.

 

How Do We Specifically Create Value?

Overall, our protocol uses bonds and staking to generate profit and value in general. First, we work with “The Treasury,” which is a multi-signature-protected space where we keep both volatile and stablecoins owned by the Decentralized Autonomous Organization (DAO).

Regarding the Treasury, we have inflows and outflows. Inflows help us generate value through the following factors:

  • Bonding
  • Trading Fees
  • Investment Returns

On the other hand, the outflows involve factors like investments and LP buybacks to either make conversions from stablecoin to volatile coins or buy HEC from the market.

Those who aim for short-term expenses may want to go for the DAO Wallet instead of the Treasury since the latter focuses on long-term storage. The inflows generated by the DAO wallet include several subprojects developed at Hector Finance, including:

  • Hector Bank
  • Hector DEX
  • Hector NFT
  • Hector Merch

In this particular case, the DAO wallet’s outflows involve:

  • Marketing funds
  • Development funds
  • Buyback/burn funds
  • Salary funds

 

What Does Everything Mean for the Fantom Project?

 The FTM ecosystem is currently working with over 152 projects for different purposes (Hector Finance included). Our project aims for long-term growth, so we’re going to do our best to ensure every user from the HEC community is making the most out of the Fantom Chain.

If you’re already a Fantom Chain user and have an FTM wallet, you can easily use one of our guides to buy HEC. On the other hand, if you’re coming from another network, such as the Binance Smart Chain or Ethereum, we have an alternative with Hector DEX so that you can swap your HEC across different platforms.

 

Bottom Line

We still have a long way to go with our project. However, we’re positive this ecosystem will prove useful for those users who want to make better use of their projects, manage their assets, earn interest on staking, and other factors.

If you’re interested in other things surrounding the Hector project, you may take a look at our website for more information.

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