Description: Hector Network is an expansive decentralized ecosystem run by a utility token, HEC, and complemented by the TOR stablecoin. The company is committed to
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Hector Network is an expansive decentralized ecosystem run by a utility token, HEC, and complemented by the TOR stablecoin. The company is committed to developing the future of web3 by pioneering decentralized offerings ranging from Tokenomics to Defi Gaming. Hector Network believes that crosschain expansion, lowering the barrier to entry and providing trusted sources for information are key in mass adoption of this technology.
The relationship between HEC and TOR is very unique. When TOR was first introduced a portion of the coins used to mint TOR went to buy back HEC on the open market, which was then burnt, encouraging HEC into a deflationary token.
By consciously reducing the circulating supply of the HEC token, through minting of TOR and other ways of burning, the Hector Network team was able to pivot and continue to expand, where many similarly structured DAO’s crumbled under the weight of inflating circulating supply and poor market conditions.
Borussia Dortmund