What is thena? Discover the outstanding features of Thena and THE . token
Ngoài PancakeSwap, hệ sinh thái BNB Chain còn có một AMM khác có TVL đạt 150 triệu USD chỉ sau hai tháng ra mắt, dự án này được gọi là Thena.
What is Hot Cross? Details about the Hot Cross project and $HOTCROSS
Overview of the Hot Cross project
What is Hot Cross?
Hot Cross is a project in the field of Infrastructure, providing a multi-chain tool, allowing project developers to easily build and deploy their products on multiple platforms. different blockchain platforms.
Up to now, Hot Cross supports blockchains built on Ethereum's EVM virtual machine system such as Binance Smart Chain , HECO Chain. In the future, Hot Cross will support other blockchains such as Avalanche , Solana , Cosmos, etc.
Ecosystem of Hot Cross products
3 products have officially launched
Cross Pool : This is the main product in the early stages of Hot Cross. Cross Pool is a combination of Liquidity Mining, Syrup Pools and Aggregator Staking, providing users with a place to stake LP tokens and tokens according to the BEP-20 standard.
Cross Bridge : This is a bridge that allows customers to easily switch between ERC-20 and BEP-20 standard tokens. With Cross Bridge, customers who simply lock their ERC-20 tokens into a Smart Contract on Ethereum will receive an amount of BEP-20 tokens on Binance Smart Chain. This product is supporting 7 assets: Frontier ($FRONT), Gourmet Galaxy ($GUM), UnMarshal ($MARSH), Lendefi ($LDFI), Kambria Yield Tuning Engine ($KYTE), OIN Finance ($OIN) , Hot Cross ($HOTCROSS).
Cross Mint : This is the latest product that Hot Cross launched in July 2021. Cross Mint is a NFT minting platform and currently supports chains like Ethereum, Polygon, Binance Smart Chain, HECO Chain, KuCoin Community Chain and Harmony.
6 products announced by the project but no mainnet version yet
Cross Send : A multi-send and currently supports sending tokens back and forth between the following chains: Ethereum, Polygon, Binance Smart Chain, HECO Chain, KuCoin Community Chain and Harmony and Avalanche.
Cross Vest : This product allows users to manage crypto assets.
Cross API : An API programming interface that provides TVL data, transaction volume from products in the Hot Cross ecosystem.
Initial Hot Cross Offerings (IHO) : This is a Multi-chain Launchpad platform developed on the chains that Hot Cross is supporting. The first IHO will likely be announced at the end of October.
Initial Hot Cross Offerings (IHO)
$HOTVIP : This token functions similarly to xSUSHI. To get $HOTVIP, an investor staking 1 token $HOTCROSS will receive 0.7 token $HOTVIP. For every 1 transaction made on Hot Cross, $HOTVIP holders will receive 2% of the transaction fee corresponding to the number of tokens they are storing in their wallet. In addition, they also receive other benefits such as participating in the governance system, IDO...
2 products not yet released but Hot Cross mentioned in Whitepaper/Docs
Cross Swap : Is a product using Cross-chain technology for swapping ERC-20/BEP-20 asset pairs, but this is not an AMM DEX.
Cross Connect : A product that allows investors to connect to decentralized financial applications, even those that are not part of the Hot Cross ecosystem.
The project's development team
The project's development team includes the following members: Philip Arthur Moore, Pavlos Polianidis, Nikos Fotiadis, Michalis Ghiumiusliu, Antonis Poulakis, Sung Pham, Lu Dante and Thien An. In particular, the Hot Cross team has 2 members who are Vietnamese.
The project's development team
Development roadmap
November 2020 to January 2021 : Hot Cross develops Cross Bridge V1.
January 2021 : The project will research and develop the product Market Prediction and launch Cross Bridge V2.
February 2021 : Hot Cross will research and develop Cross Pool V1.
March 2021 : Research and develop more Cross API and Cross Mint products.
April 2021 : Hot Cross will introduce Cross Bridge V1 to customers and conduct an Audit of Cross Pool V1.
May 2021 : Project to issue and sell tokens $HOTCROSS.
June 2021 : The project launches Cross Pool and continues to develop Cross Mint.
July 2021 : Hot Cross launches Cross Mint and begins development of Cross Pool V2.
August 2021 : Hot Cross continues to develop Cross Pool V2.
September 2021 : The project will launch Cross Send, Cross Mint products on Harmony and Avalanche blockchain. In addition, Hot Cross also upgraded the Website and introduced Cross Pool V2.
Overview of the $HOTCROSS . token
What is $HOTCROSS?
$HOTCROSS is the official token of the Hot Cross project, it plays the following roles:
Staking reward : $HOTCROSS is also used as a reward for investors participating in staking on Hot Cross's system.
Governance : Owners of this token have the right to participate in the system administration process as well as they can contribute ideas to help developers build Hot Cross projects.
Payment of expenses : Investors can use $HOTCROSS as a means of payment for trading activities on Hot Cross.
Basic information about the $HOTCROSS . token
- Token Name : Hot Cross
- Ticker : HOTCROSS
- Blockchain : Ethereum & Binance Smart Chain
- Token Standard : ERC-20 & BEP-20
- BSC Contract : 0x4FA71…4Ed27b6
- ETH Contract : 0x4297…7681ff24e
- Total Supply : 500,000,000 $HOTCROSS
- Circulating Supply : 113,749,999 $HOTCROSS
$HOTCROSS . Token Allocation
- Protocol Incentives : 26.6%
- Ecosystem Growth : 26.5%
- Incubators and Strategic Placements : 12.5%
- Reserves : 10%
- Team : 10%
- IFO on PancakeSwap : 10%
- Liquidity Provision : 4.4%
$HOTCROSS . Token Allocation
How to Store and Own $HOTCROSS
Investors can buy $HOTCROSS at exchanges like Gate.io, KuCoin, PancakeSwap, ApeSwap…
In addition, investors can store $HOTCROSS tokens in wallets such as: MetaMask , Trust Wallet ...
summary
Thus, TraderH4 has just provided readers with all information about the Hot Cross project and the $HOTCROSS token. Currently, the project is focusing on developing IHO and $HOTVIP products to attract IDO projects. This can be seen as a strategy to push the price of the $HOTCROSS token to increase the price of this token in the short term. Through the above article, hopefully you have been able to judge the potential of the project in the future to make the right investment decision for yourself.
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