In this post we are going to see how you can buy Hector DAO without paying high commissions and in a simple and fast way. Currently, it is not listed in any or few exchanges, but you can get it through the DEFI spookyswap exchange. If you don’t know how, let’s see it here step by step.Â
If you want to know more in detail all the aspects of this cryptocurrency, later after seeing the step by step we are going to see what is Hector DAO so you can know more about this cryptocurrency before buying it and know what you invest your money in.Â
Where to buy Hector DAO
To buy Hector DAO, we are going to use Binance and Metamask wallet, for me it is the best option, but you can also use other wallets if you don’t use metamask like trustwallet among other known wallets. Binance we are going to use it to buy FTM and USDT or the cryptocurrency you want, to exchange it for the Hector DAO token and get this cryptocurrency finally.
Also, we will need FTM to pay for the network commissions. You can create an account with binance just below if you don’t have one yet to follow the steps.Â
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
If you already have in your metamask Fantom wallet to pay for commissions, less than a dollar, you are simply going to have to head over to spookyswap, and copy the Hector DAO contract in order to find the token. You can find this on Coingecko or coinmarketcap by searching for Hector DAO or you can copy the contract from the Fantom network just below:
0x5c4fdfc5233f935f20d2adba572f770c2e377ab0
With this contract, you will be able to find the token, in from to exchange it for the cryptocurrency you want in spookyswap. You can also add the token in metamask and be able to see the amount you have once purchased.
It is currently listed on the exchange gate.io, which you can create your account below and buy without using spookyswap in a simpler way if you are new to the world of cryptocurrencies.
Platform: Gate.io
Min. Deposit: $10
License: Cysec
New cryptocurrencies (ICO’s)
Growing exchange
Step by step
Let’s see in detail how you can buy Hector DAO. The first thing we are going to do is to log in Binance, if you don’t have an account you can create one here. With your account, you must make a deposit to have funds and be able to buy FTM. You can deposit funds with your credit card, to have the balance directly and without having to wait or bank transfer, although it will take a few days to be able to use it.Â
Once you have funds in your account, you must go to markets, and select your currency pair with respect to USDT (Tether), for example EUR/USDT. You will then be able to buy Fantom. Once you choose the pair, you have to go to sell, and indicate the amount you want to exchange your currency for USDT, and then buy Fantom.Â
With the USDT purchased, you can go back to the main menu to see that you already have it in your account and the order has been executed. Go back to the market, and look for the FTM/USDT pair, and click on it.Â
Here, you will see again the same buy and sell panel, where you have to go to buy, to exchange your USDT for the amount of Fantom you want. Once you have chosen the amount, click on buy and you will have it.
You should always have a small amount of FTM in your metamask wallet to pay for commissions, less than 1$. With 10-15$ of FTM is enough for several transactions and not run out of FTM.
Once you have FTM, you must click on the cryptocurrency, and click on withdraw. Go to your metamask, and click on the address, you will see that an address is copied when you click on it. You must enter this address in Binance to withdraw your FTM from Binance to Metmask. It is very important to indicate the Fantom network, and the amount you want to withdraw. The commission is $0.03. Confirm that the information is correct and confirm the transaction with the codes.Â
Open your metamask wallet, and if you have the Fantom network configured, the amount of FTM you have transferred should appear in a few minutes. If you don’t have the Fantom network configured, I recommend that you look up how to configure the Fantom network in Metamask, so you can use it, without it, you won’t be able to buy Hector DAO. It is very simple and you will only have to copy the parameters it tells you.Â
With this done, we must go to spookyswap. Here in from, we indicate FTM and to, the Hector DAO token. If you look for it, you will not find it. In order to use it, you must copy the address of the contract and paste it. You can search for it in coingecko to see it, or you can copy it just below:
0x5c4fdfc5233f935f20d2adba572f770c2e377ab0
With this, the Hector DAO token should appear in order to be able to exchange.
Before clicking on swap, you will have to go to the settings wheel, Slippage tolerance and make sure it is set to 0.50% to avoid swapping your cryptocurrencies with large price fluctuations. You can change it at the top right of the wheel.
If you have the slipping tolerance at 0.50%, just click on swap, confirm swap and confirm the transaction in your wallet. After a few seconds you will be able to see your Hector DAO in your wallet. Remember to add the token in metamask, copying the cryptocurrency contract in order to see your Hector DAO in your wallet. You will be able to use Hector DAO to play and earn money.
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
What is Hector DAO?
Hector DAO is a project operating in the Fantom Opera chain. We seek to create value for our users by developing a series of use cases within the Hector Ecosystem. Part of the revenue from these use cases will be used to buy and burn Hector tokens in the marketplace. Throughout 2022 Hector will expand to become multi-chain.
Stablecoins like USDT and USDC have become an integral part of the Crypto space. We use them to store non-volatile value, allowing us to maintain the same amount of purchasing power from day to day. Unfortunately, that’s not how the US dollar works. The Federal Reserve controls the minting of U.S. dollars, and its fiscal policies have systematically led to the depreciation of its currency. This means that a dollar today is worth more than a dollar tomorrow.
What is Hector DAO’s objective?
There are three main objectives of Hector DAO:
To become a major financial center in the Fantom space and beyond.
Hector DAO will position itself as a financial hub to facilitate a multitude of use cases within the Fantom ecosystem. We want to make it as easy, efficient and fast as possible to manage your assets, lend/borrow, earn interest on bets, bridge between chains, launch new projects and much more.
Help the Fantom Opera chain grow by producing high quality products and providing value.
We love the Fantom Opera chain. We love the functionality, the ease of use and the speed. We love how scalable it is. We believe the Fantom ecosystem presents a significant growth opportunity, and we want to help make it happen. To date we have donated thousands of FTM tokens (about 2,000 at the time of this writing) to new users of the Fantom network to help them with their first transactions. If we take into account that we give 0.1FTM per transaction. That means we have paid for the first transactions of up to 20,000 network wallets.
Providing long-term value to users
Users have placed great trust in the project and the team. This is something we will never take for granted. Every decision we make is made with long-term growth in mind. Our mission is to create something that can provide stable growth and bring out the best that the Fantom chain has to offer.
Hector DAO is a recipient of the Fantom Foundation incentive grant.
From February 2022 to February 2023, Hector DAO will be a beneficiary of the Fantom Foundation Incentive Grant. Each month, the Fantom Foundation will give a portion of tokens to the project to fund it. The amount of tokens received depends on several factors, but currently we will receive 2,500,000 tokens for 12 months.
Bonding
The sale of tokens is one of the ways in which Hector DAO generates profits. The protocol will sell bonds of other tokens such as DAI in exchange for discounted HEC tokens, which will then be granted to be gradually released to the bond side. This allows full-time users to actively manage their HEC portfolio and generate significant rewards over time, while supporting the growth of Hector DAO by funding its liquidity and facilitating further upward price movement.
Trading Fees
Certain features of the Hector Ecosystem, such as Hector Swap and Hector Bank, will generate commissions for their use. These fees will go in part to treasury.
Investment Performance
From time to time, the community votes to invest portions of the treasury in projects in various networks. The returns on these investments are owned by the treasury. More information on treasury investments, as well as a complete list of investments, can be found here: TIP Proposals.
Outflows
Investments
Although the investments remain in the treasury, it is pertinent to categorize them as “temporary outflows” as they are being converted from stablecoins (risk-free) to other (volatile) currencies.
Repurchase of LPs
From time to time treasury LP tokens are used to repurchase and burn tokens. This mechanism is only used in periods of prolonged contraction. In this case, LP tokens are split into HEC components and a stablecoin (usually USDC or DAI). The HEC tokens are burned, and the stablecoins are used to buy more HEC in the market, which are also burned.
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
