About Hegic Protocol
Hegic Protocol is described to be an on-chain peer-to-pool options trading protocol built on Ethereum. It is claimed that the Hegic protocol pioneers a peer-to-pool approach to options trading. The project claims that it works like an AMM (automated market maker) for options. Users can trade non-custodial on-chain call and put options as an individual holder using the simplest and intuitive interfaces.
Use MetaMask, Trust Wallet or Argent wallets to trade options without KYC, email or registration required. It is further described that the Hegic protocol generates settlement fees in Ether (ETH) and WBTC paid each time an option contract is bought. Public are able to acquire HEGIC tokens and activate a staking lot that gives its holder a right to receive staking rewards. 100% of settlement fees in ETH and WBTC generated by the protocol are distributed among the staking lots holders.
The HEGIC token will be listed on the bonding curve contract that will be accessible on the Hegic website interfaces on 09/09/2020, 15:00 EST / 19:00 UTC: https://www.hegic.co/ This contract will be the main liquidity venue for HEGIC during the first 4 weeks after the launch.
Quick Fact About Hegic Protocol Defi Coins
| Coin Basic | Information |
|---|---|
| DEFI Coin Name | Hegic Protocol Defi Coins |
| Circulating Supply | 316,503,899 HEGIC |
| Total Supply | 3,012,009,888 |
| Contract Address | 0x584bC13c7D411c00c01A62e8019472dE68768430 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To Visit |
| Twitter Group | Click Here To Visit Twitter Group |
| Documentation | Click Here To View |
| Project Location | N/A |
| Official Project Website | Click Here To Visit Project Website |
HEGIC Tokenomics
The HEGIC token is an ERC-20 utility token used for distribution of 100 percent of the settlement fees between all the token holders. Transaction fees accumulated are distributed to all HEGIC holders every quarter.
Holders can participate in governance to determine things like rates, settlement fee sizes, strike price multipliers, or the type of assets supported.
Its main value proposition is for users of the protocol, that is, liquidity providers contributing funds to DAI and ETH protocols, writers.
Hegic Protocol Defi Coins holders receive a 30 percent discount when purchasing contracts exclusive of settlement fees which is determined by the Ethereum network—highly dependent on prevailing Gas fees. Overly, there will be 3,012,009,888 HEGIC tokens. This will be distributed as follows:
Hegic Protocol Defi Coins the first epoch, 10 percent will be allocated to a DEX for HEGIC liquidity. Funds generated will be channeled to the Hegic Development Fund (HDF) where specifically it will be used to pay for auditing the contract and to further develop the protocol.
The “the historical trading volume of HEGIC token on decentralized exchanges should not be less than 10% of the new capitalization level that has been reached (to eliminate the HEGIC token price manipulations to unlock new tokens)”.
By the seventh epoch, the development team hopes to offer each HEGIC token at $332,000 for a market capitalization of $1 trillion. 95 percent will be distributed to token holders and the remaining five percent to the HDF.
The Simple Option
Trade non-custodial options for profits or to hedge your positions. Enjoy fixed price and unlimited upside of the options contracts. No registration, KYC or email required.
Use Cases
Holders
Hegic Protocol Defi Coins Non-custodial options with on-chain settlement. Choose any strike price, exercise at any moment.
Writers
Hegic Protocol Defi Coins Provide liquidity and start earning yield on WBTC or ETH. Auto diversification of capital allocation.
Token Holders
Receive liquidity mining & utilization rewards in HEGIC. Participate in staking and earn WBTC or ETH.
Price
Hegic price today is $0.261267 USD with a 24-hour trading volume of $3,437,412 USD. Hegic is up 24.73% in the last 24 hours. The current CoinMarketCap ranking is #248, with a market cap of $82,692,066 USD. It has a circulating supply of 316,503,899 HEGIC coins and a max. supply of 3,012,009,888 HEGIC coins.
Why Option Is A Great Tool for You
Btc And ETH Holders
You want to buy more BTC or ETH for your mid/long-term portfolio, but you are unsure if the price won’t drop in the next few weeks. Buy BTC or ETH plus an WBTC or ETH put option to protect the value of your assets.
BTC And ETH Traders Holder
You want to open a long/short position and buy/short sell BTC or ETH. Buy a BTC or ETH put (if you have longs) or call (if you have shorts) in order to protect the position from the potential losses.
BTC And ETH Miners
Hegic Protocol Defi Coins know how much BTC or ETH you will mine in the next month and you need money to cover your mining farm expenses, but you are unsure if you will have profits. Hedge the value of your future mining revenues using BTC or ETH put options.
Onboarding BTC And ETH Holders
You want to buy BTC or ETH for you mom, dad, friend, girlfriend but you don’t want them to lose faith in crypto if the price will fall down. Buy a BTC or ETH put option to protect the value of BTC or ETH and have a piece of mind.
