HedgeTech Fixes Defi
VLT Successfully Launched on BSC!
The HedgeTech team is proud to announce the launch of our VLT token on the Binance Smart Chain! After months of hard work and sleepless nights, the contract was deployed and the results have been nothing short of spectacular. We have had an incredible response from the community, and we are more confident than ever that our platform can provide impactful value to Defi.
VLT’s token contract was designed to offer security to investors through the vault, a revolutionary idea that creates security in the unforgiving DeFi space. It operates through a one-sided swap contract in which BNB can be added and withdrawn, but VLT that is sent to the contract is burned. Every time VLT is traded or transferred, a 3% “vault tax” is applied to the transaction which is then swapped for BNB. This BNB is then sent to the vault contract
Every VLT token has an equal value backed by BNB in the vault. This means that if there is 8000 BNB in the vault and 80,000 VLT tokens in circulation, every token would have a “vault” or “floor price” of 0.1 BNB. As the token is traded, the vault tax sends BNB to the vault contract, raising the floor price for VLT. If the market price in liquidity for VLT drops below the floor price, opportunistic buyers can utilize the HedgeTech Dashboard to swap tokens for BNB.
Every token that is swapped into the vault is burnt, deflates the total supply, and supports positive market price action.
Our contracts have been audited and are deployable on the Binance Smart Chain and Ethereum networks, opening the door for collaboration and cross-chain support.
Our current focus is completing the roadmap that we have set for ourselves. We are negotiating with partners and projects ahead of our launchpad debut which will be in the first week of March. Our initial offerings are:
Vault: Our unique one-sided swap contract that supports deflationary tokenomics with an increasing price floor
Locker (in development): A time-lock contract in which teams and projects can lock their tokens through the HedgeTech platform
Dashboard (in development): A brandable platform complete with user-friendly swap interface where token holders can actively see the floor price of tokens
Tokens that launch with us will be vetted and KYC’d by us before they are introduced to our growing and enthusiastic community. All projects will feature some iteration of a vault contract that secures a portion of presale participants’ investment. Anyone that holds at least 50 VLT in their wallet will have a 30 MINUTE head start for ALL IDOs that premier their token on our launchpad.
HedgeTech’s ethos is one of transparency, integrity, and prosperity. What we are doing to make Defi secure is LONG overdue. The team is brimming with enthusiastic creativity about how the vault can be implemented to benefit the Defi space and all of its users. We are channeling this ambition into more ideas for concepts that will end up benefiting supporters of the HedgeTech platform. HTG (HedgeTech Governance) holders will be able to engage in governance votes that will shape the way the project develops and how we evolve.
On a personal note, I want to say that I have been BLOWN AWAY by the fervent support we have received from our community. Thank you to everyone that participated in our 3 presale rounds. We won’t be strangers, so don’t hesitate to tell us how you feel about the project and what we can do better.
Check out our website for Whitepaper, Roadmap, Governance Portal, and Vault Dashboard: https://www.hedgetech.finance/
Get in touch with us on TG: https://t.me/HedgeTechFinance
Follow us on Twitter: https://twitter.com/hedge_tech?s=20
Trade VLT on Pancake Swap: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x82DA15e36F23A4b603Bc8A57c27813F2fAEb04B2
Trade HTG on Uniswap: https://app.uniswap.org/#/swap?inputCurrency=0xbff89386d062c6040ed1955e180c87dd00bb71af