Since the beginning of this year, a large number of players have begun to pour into the DeFi decentralized track, and the originally dark tide of DeFi has begun to surface. Coupled with the promotion of relevant policies such as clearing the tide, decentralized DEX is more popular than before.
2021 is about to pass. If you want to revisit the track that has attracted much attention in the circle this year, it must be DeFi. Affected by multiple policies, the cryptocurrency industry has been extremely popular from the beginning to the end of this year, and has created new history many times. Almost any track or even any field can mention and recognize cryptocurrency.
In 2022, what should we focus on? Judging from the data of major websites, the capital flowing into the decentralized DEX track is gradually increasing. In the face of new opportunities and such a big dividend, the RMC Smart Chain also has a more advanced layout. At the end of the year, Bull swap will be launched, the ecological token HOC will be issued, and a series of actions such as liquidity mining will be launched. This is a proposition for industry practitioners to coexist, and a new "just need" for the DeFi track.
What are the advantages of ecological token HOC?
To put it simply, the innovation of HOC issuance is that it brings a better incentive mechanism to the RMC smart chain.
As we all know, liquidity mining has always been the core of DeFi. The first design principle of liquidity mining is to adjust deflation and balance the money supply. At the same time, the continuous income brought by staking mining will bring more incentives for users to hoard and hold tokens. We believe that the community needs everyone's cooperation and support to be stable and develop, so as to ensure the steady growth of the wealth of community members.
HOC itself is a token based on the RMC smart chain, running on the smart contract layer, which supports a variety of digital asset services on Bull SWAP, such as community building, trading/sending tokens to other users, and using tokens to purchase And other privileges. At the same time, HOC tokens have a strong decentralized issuance system, and the issuance rights of the project will be lowered to the community, which will determine the issuance price and issuance volume of the project. High recognition, high enthusiasm for participation, balanced market supply and demand, and the support of community consensus behind each HOC token. HOC will continue to improve the collaborative decision-making consensus mechanism in the practice of the DeFi concept, and promote the issuance and circulation of more products in a decentralized manner through the combination of the DAO mechanism and the traditional financial mechanism, creating a fairer and more transparent market environment.
In addition, liquidity mining is an income mining behavior in which users of the HOC community obtain additional tokens in addition to regular expected income by depositing assets into the liquidity pool. Therefore, these holders will receive corresponding HOC in return, depending on the chain that provides liquidity. Currently, we have launched the RMC chain, and we plan to launch more mainstream public chains such as ETH in the future. The value potential should not be underestimated.
In order to introduce more liquidity, HOC introduces a new issuance mechanism. Such as decentralized and centralized exchanges, non-fungible tokens (NFTs) and games, making further forays into the cryptocurrency space. From the perspective of staking, the more tokens entered into the staking contract, the more rewards the users participating in the staking will get, and this high return can offset the price risk caused by token fluctuations. This mechanism encourages everyone to do a "HOLD" that only buys but not sells, which is also the fundamental reason why we always see the price of ecological tokens soaring.
In fact, ordinary users participating in liquidity mining will be affected by its complexity and user interface limitations. In contrast, the functions of the new generation of ecological currency HOC are obviously much simpler. It provides the best of both worlds and resists fluctuations Risk and leverage risk, while ensuring long-term sustainability, is a better-designed and more accessible decentralized project.
How does HOC capture liquidity?
Like most liquidity mining projects, HOC tries to solve various pain points and difficulties in the application process of DeFi. And through the corresponding community incentive mechanism, such as inviting friends to enjoy transaction fee dividends, etc. Through this mechanism, user traffic can spread through more rapid channels, and provide more lasting liquidity for tokens, forming a flowable positive cycle, and giving the community room for further development.
So specifically, what are the highlights of HOC and maximize the benefits?
First of all, HOC is a deflationary symbol on the RMC smart chain, and the total circulating supply at launch is 10,000. Through community open governance, HOC aims to incentivize collaboration and drive engagement among three key groups: users, developers, and DeFi protocols. For each transaction (buy/sell/transfer), a 3% tax will be distributed to the holder and 2% will be burned by sending HOC tokens to an inaccessible "black hole". Therefore, this will incentivize investors to hold, thereby reducing circulating supply and driving demand up. Half of the token supply is burned immediately because the HOC contract on RMC is based on a basic deflationary mechanism, with 3% of each transaction distributed to all holders through event rewards.
Second, HOC is fully decentralized. Ownership is relinquished upon launch, and all communications, development, and marketing activities are planned and executed by community members. The ability to obtain RMC, ETH, BTC and other assets by staking HOC.
Finally, Bull SWAP is able to launch a multi-asset pool with weighted ratios, and all asset pools have the ability to cross-trade. Built-in liquidity lock option, no need to search for the location of liquidity lock. Smart liquidity selection allows investors to add or remove unilateral liquidity to help mitigate the impact of impermanent losses and provide price rebalancing. In addition, innovatively embed NFT interactive functions to realize HOC's rich traffic scenarios, and realize the transaction value of HOC through consumption and reward buyers.
At present, digitalization has become an inevitable direction for the development of various industries. When facing opportunities, everyone agrees that different means will be used to cultivate the team's sensitivity to data, and all decisions are also based on data. A new era has begun. Whether RMC can run to the end is also a test of whether it can make good use of various enabling tools.