Hector DAO - Decentralized Reserve Currency Built on Fantom - YouTube

Hector DAO - Decentralized Reserve Currency Built on Fantom Description: Dollar today is worth more than a Dollar tomorrow. Bitcoin and Cryptocurrency in general was the first step towards decentralisation. Hector DAO is the next step towards this goal. The native currency of Hector, $HEC will serve as a reserve currency backed by assets owned and maintained by a truly decentralised, autonomous protocol. 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 buy back 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. Hector is a decentralized protocol based on the SHEC 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 decent