Fantom

Hector Network

<h4 style="color: #252525;">Hector Network has a growing DeFi community that is run by the HEC utility token and the TOR stablecoin. Aside from offering a stablecoin, Hector focuses on building an expansive NFT marketplace with several unique collections.</h4>
As mentioned earlier, there is a lot of interest in Hector Network. The token has performed well recently, and new people are discovering its benefits daily. However, before investing, it is important to look at the fundamental analysis of the project. This takes into account the project’s team, technology, performance, partnerships, and competition.
Looking at these factors gives you a view of the long-term health of the project. Normally, for looking at price action, we would look at technical analysis. A quality technical analysis is not available for Hector due to its thin trading volume. The highest volume is available on fellow Fantom Network project SpookySwap.
But the fundamentals have a lot to tell us&#8230;..
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
Everything you need to know about the <a href="https://twitter.com/search?q=%24TOR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TOR</a> stablecoin from <a href="https://twitter.com/Hector_Network?ref_src=twsrc%5Etfw">@Hector_Network</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;" /><a href="https://t.co/jMtopeZ22V">https://t.co/jMtopeZ22V</a> via <a href="https://twitter.com/Altcoinbuzzio?ref_src=twsrc%5Etfw">@Altcoinbuzzio</a><a href="https://twitter.com/hashtag/HEC?src=hash&amp;ref_src=twsrc%5Etfw">#HEC</a> <a href="https://twitter.com/hashtag/TOR?src=hash&amp;ref_src=twsrc%5Etfw">#TOR</a> <a href="https://twitter.com/search?q=%24HEC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$HEC</a> <a href="https://twitter.com/hashtag/HectorNetwork?src=hash&amp;ref_src=twsrc%5Etfw">#HectorNetwork</a>
&mdash; Altcoin Buzz News (@Altcoinbuzznews) <a href="https://twitter.com/Altcoinbuzznews/status/1655426088577691650?ref_src=twsrc%5Etfw">May 8, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
So let’s analyze the Hector Network across these areas.
<h5 style="color: #252525;">Project Metrics</h5>
<h6>1. The team </h6>
No project can be more successful than its development team. Hector Network has an international team of around 50 members covering different technical, supportive, and marketing roles. The Hector team is distributed across Europe, North America, Australia, and Asia.
<img decoding="async" class="alignnone size-full wp-image-113503" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hector-team.webp" alt="" width="720" height="405" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hector-team.webp 720w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hector-team-300x169.webp 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hector-team-696x392.webp 696w" sizes="(max-width: 720px) 100vw, 720px" />
The team is focused on fostering community involvement and transparency, and users can contact them on social media and forums like Discord and Telegram, where community events are hosted and significant announcements are made.
<h6 style="color: #252525;">2. Partnerships</h6>
Partnerships go a long way toward predicting a project’s adoption. Hector Network has secured a couple of good partnerships. Here is a list of some of the platform’s partners:
<ul>
<li style="color: #252525;">Borussia Dortmund</li>
<li style="color: #252525;">Benzinga</li>
<li style="color: #252525;">PayBolt</li>
<li style="color: #252525;">Magic Media</li>
<li style="color: #252525;">Sparring</li>
<li style="color: #252525;">Weave Financial</li>
<li style="color: #252525;">Spookyswap</li>
<li style="color: #252525;">Rubic</li>
<li style="color: #252525;">Stader</li>
</ul>
<img decoding="async" class="alignnone size-full wp-image-113504" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hector-partners.jpg" alt="" width="1344" height="549" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hector-partners.jpg 1344w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hector-partners-300x123.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hector-partners-1024x418.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hector-partners-768x314.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hector-partners-696x284.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hector-partners-1068x436.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hector-partners-1028x420.jpg 1028w" sizes="(max-width: 1344px) 100vw, 1344px" />
<h6 style="color: #252525;">3. Social media</h6>
Hector Network has a strong presence on social media and an active community. On Twitter alone, Hector has almost 130k followers, and the engagement is pretty impressive. Here’s a  list of the platform’s social media channels:
<ul style="color: #252525;">
<li style="font-weight: 400; color: #252525;" aria-level="1">Website: <a href="https://hector.network/" target="_blank" rel="noopener">https://hector.network/ </a></li>
<li style="font-weight: 400; color: #252525;" aria-level="1">Twitter: <a style="color: #252525;" href="https://twitter.com/Hector_Network" target="_blank" rel="noopener">https://twitter.com/Hector_Network</a> </li>
<li style="font-weight: 400; color: #252525;" aria-level="1">Telegram: <a style="color: #252525;" href="https://t.me/hector_network" target="_blank" rel="noopener">https://t.me/hector_network</a> </li>
<li style="font-weight: 400; color: #252525;" aria-level="1">Telegram announcements: <a style="color: #252525;" href="https://t.me/HectorNetworkAnn" target="_blank" rel="noopener">https://t.me/HectorNetworkAnn</a> </li>
<li style="font-weight: 400; color: #252525;" aria-level="1">Discord: <a style="color: #252525;" href="https://discord.gg/hector" target="_blank" rel="noopener">https://discord.gg/hector</a> </li>
<li style="font-weight: 400; color: #252525;" aria-level="1">Medium: <a style="color: #252525;" href="https://medium.com/@Hector_Network" target="_blank" rel="noopener">https://medium.com/@Hector_Network</a></li>
</ul>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
What is Hector DAO? 
Built on <a href="https://twitter.com/FantomFDN?ref_src=twsrc%5Etfw">@FantomFDN</a>, <a href="https://twitter.com/Hector_Network?ref_src=twsrc%5Etfw">@Hector_Network</a> aims to be a sustainable &amp; deflationary ecosystem, where revenue generated will be used to create scarcity &amp; demand. This occurs through the buying back of tokens and burning them. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f632.png" alt="😲" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/267b.png" alt="♻" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;" />
&mdash; Blockpour (@Blockpour) <a href="https://twitter.com/Blockpour/status/1554835962286731265?ref_src=twsrc%5Etfw">August 3, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h5 style="color: #252525;">Whitepaper and Roadmap</h5>
Whitepapers play a role in showing a project’s long-term vision. Projects without whitepapers often attract negative sentiment. But Hector Network has a detailed whitepaper explaining different aspects of the project. You can find the white paper <a href="https://hector.network/whitepaper/" target="_blank" rel="noopener">here</a>.
<img decoding="async" class="alignnone size-full wp-image-113505" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hec-1.jpg" alt="" width="829" height="553" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hec-1.jpg 829w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hec-1-300x200.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hec-1-768x512.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hec-1-696x464.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/hec-1-630x420.jpg 630w" sizes="(max-width: 829px) 100vw, 829px" />We recently published an <a href="https://www.altcoinbuzz.io/product-release/hector-network-updates-2023-roadmap-heres-what-to-know/" target="_blank" rel="noopener">article</a> detailing Hector’s roadmap and how the project is staying on track with its plans. Hector has also launched a couple of new features and has more expansion in mind in the coming months.
<h5 style="color: #252525;">Tokenomics</h5>
The Hector Network community voted for an emission plan for the HEC token. This will result in a fixed supply cap. Since then, the development team is pushing themselves to the limit to sort out all the wrinkles and make sure that this strategy will allow Hector Network to enter the future inflation-free. As the emission strategy progresses, Hector might issue fewer tokens, guarantee a supply cap for HEC, and still make predictable changes to the APY over time.
<h5 style="color: #252525;">Financial Metrics</h5>
Market cap: $10.4 million
Circulating supply: 2.4 million
Maximum supply: 3.16 million
In the last 24 hours, Hector&#8217;s dApps are seeing
UAW (Unique active wallets): 28 (+86.67%)
Transactions (within the dApps): 28 (+115.38%)
Volume: $107.12k (+623.21%)
Balance: $5.28M 
In conclusion, Hector Network looks pretty focused on building a thriving DeFi community. The project’s hard work has paid off, as the HEC token trades at $4.31. 
<h5>Hector Network &amp; Ecosystem</h5>
Hector has 2 good ecosystem stories to tell us. First, they are part of the <a href="https://projects.fantom.network/" target="_blank" rel="noopener">$379 billion dollar</a> TVL Fantom ecosystem. So if you like Fantom, then Hector has some things you&#8217;ll like too including big growth opportunities in a growing ecosystem.
Next, they have their own ecosystem of dApps. In fact, check this out. Hector has a <a href="https://hector.network/ecosystem-dex/" target="_blank" rel="noopener">Treasury balance</a> of more than 3x its market value. This means their cash balance of $41 million exceeds their market value of $12 million.
Would you like to buy $1 for 30 cents?
That&#8217;s what you get here.
And aside from that value, Hector has in its ecosystem:
<ul>
<li>A DEX</li>
<li>Big updates in V2 to the DEX and more swapping capabilities. Check out how streamlined the service is. And the update comes out in just a couple of days.</li>
</ul>
<figure id="attachment_113764" aria-describedby="caption-attachment-113764" style="width: 1366px" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-113764" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/05/FireShot-Capture-1388-DEX-—-Hector-Network-beta.hector.network.jpg" alt="" width="1366" height="632" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/05/FireShot-Capture-1388-DEX-—-Hector-Network-beta.hector.network.jpg 1366w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/FireShot-Capture-1388-DEX-—-Hector-Network-beta.hector.network-300x139.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/FireShot-Capture-1388-DEX-—-Hector-Network-beta.hector.network-1024x474.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/FireShot-Capture-1388-DEX-—-Hector-Network-beta.hector.network-768x355.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/FireShot-Capture-1388-DEX-—-Hector-Network-beta.hector.network-696x322.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/FireShot-Capture-1388-DEX-—-Hector-Network-beta.hector.network-1068x494.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/05/FireShot-Capture-1388-DEX-—-Hector-Network-beta.hector.network-908x420.jpg 908w" sizes="(max-width: 1366px) 100vw, 1366px" /><figcaption id="caption-attachment-113764" class="wp-caption-text">The New Updated HectorDEX V2</figcaption></figure>
<ul>
<li>Multi-chain bridge</li>
<li>Multiplay for automated DeFi payments</li>
<li>Tax reporting through the Tax Report feature to simplify getting statements together for tax time</li>
<li>TOR stablecoin</li>
<li>and more</li>
</ul>
So you can see Hector Network has a lot going for it for a $12 million project. It might be one of the best values in crypto right now.
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Fundamental Analysis of the Hector Network

Altcoin Buzz

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