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HEC Price
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Hector Network (HEC) Chart
Hector Network price Index provides the latest HEC price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
Trending Hector Network Fiat Pairs
€
Hector Network to EUR
1 HEC equals to N/A
₽
Hector Network to RUB
1 HEC equals to N/A
₩
Hector Network to KRW
1 HEC equals to N/A
¥
Hector Network to CNY
1 HEC equals to N/A
₹
Hector Network to INR
1 HEC equals to N/A
Rp
Hector Network to IDR
1 HEC equals to N/A
£
Hector Network to GBP
1 HEC equals to N/A
¥
Hector Network to JPY
1 HEC equals to N/A
₫
Hector Network to VND
1 HEC equals to N/A
$
Hector Network to CAD
1 HEC equals to N/A
What is 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.
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