Hotfriescoin: A New Stable Progressive Coin
Hotfriescoin: A New Stable Progressive Coin
With a lot of crypto activity happening on the stablecoin ecosystem, Hotfriescoin emerges as one of the newest stable cryptos. Hotfriescoin is based on a new concept called stable progressive coin. As seen with platforms like the safe moon and certain crypto exchanges that charge more than 10% fees when you buy or sell. Here we are creating a system that is fair, transparent, and will generate astronomical yields (profits) for its holder. This new Concept will change the financial world as we know it.
Hotfriescoin idea of Stable Progressive Currencies is to create a currency that continuously increases in value and never decreases in value. To make that possible we use an Elastic Infinite Supply protocol and fees-based system. Here not like every other cryptocurrency available in the market with an initial supply; at Hotfriescoin the initial supply is Zero.
Buying Hotfriescoin
Hotfriescoin is open, global, and accessible to anyone on the internet, 24/7.
Hotfriescoin can only be bought with stablecoin (BUSD) to guarantee price stability.
This fundamental tokenomics conception allowed us to create the world’s first Stable Progressive Coin.
Stablecoins bridge the worlds of cryptocurrency and everyday fiat currency because their prices are pegged to a reserve asset like the U.S. dollar or gold.
This dramatically reduces volatility compared to something like Bitcoin and results in a form of digital money that is better suited to everything from day-to-day commerce to making transfers between exchanges.
Tokenomics
We have made DEFI simple and easily accessible for everyone everywhere in the world.
DEFI was created to give the opportunity to people, to have access to financial services available to real-world such as lending, yield investing, and derivatives in the crypto world.
Unfortunately, thus far DEFI is not available to the non-crypto expert.
Our Tokenomics and many of the innovative protocols that we have built solve that issue.
At Hotfriescoin to start earning interest is as simple as buying and holding.
Just that simple, because as transactions happens in the network, the fees paid are continuously shared to the holders. Hotfriescoin is the new BSC DEX built strictly on stablecoin.
Like most crypto that have an initial supply (finite or infinite), the Hotfriescoin doesn’t have an initial supply. It will have an elastic infinite supply, which means that anytime someone engages in a buy or sell transaction WITH (BUSD OR ANY STABLECOIN AVAILABLE ON THE BSC) the exact amount equivalent of hotfriescoin will be mint or burned in respect of the appropriate fees.
The INITIAL PRICE OF A HOTFRIESCOIN WILL BE 1 HFC= 1BUSD.
THE FEES CHARGE ON ANY BUY OR SELL TRANSACTION IS 10% OF THE TOTAL TRANSACTION.
The fees will be share as follow:
- 8% shared between all holders
- 2% to the hotfriescoin treasury.
The 10% fees charged on the transactions (buy or sell) will give an annual APR of up to 584% for every holder, which beats the return on investment of every DEFI protocol so far.
In addition, all our products offering such as trading, yield farming, lottery, prediction, and prediction marketplace will incur some fees, parts of which will be shared back to our holders.
Anytime a fee is shared with the holders the price of Hotfriescoin will increase.
In every scenario, Hotfriescoin will continuously increase no matter the transaction (buy or sell), which is the idea of the Stable Progressive Currency.
