On 31st December, ONESHOT Ventures has a Telegram AMA with HMC.
PLACE : https://t.me/oneshotventures_chat
TIME : 2 PM UTC | 9 PM (UTC +7) | 31st December 2021
Airdrop : $50
Great, the AMA will be happening as follows:
Part 1 : Introduction
Part 2 : 5 Question from Twitter
Part 3 : 5 Questions In Free Asking
Can you please describe its Hamdan coins locking mechanism?
The foundation is used for marketing, docking with exchanges, etc. After the technical team partially locks the warehouse for 12 months, it will be released linearly in 24 months (all coins will be released once a month) Institutional investors will partially lock their positions for 3 months and then linearly release them in 24 months (all coins will be released once a month) Part of the royal nodes will be released linearly in 24 months after being locked for 6 months (all coins will be released once a month) The super node is locked for 3 months and then released at one time 60% of the mining part is locked for 2 months and then released at one time.
What was your motivation to start this project?what popped up in your mind to create such a platform in space?
Bitcoin has become a phenomenon worldwide, it has increased in value over 18 million times! ETH has increased in value over 14000 times! BNB has increased over 4000 times, Shib, has increased over 30000 times! Ordinary people are missing out on this great trend and opportunity. So we want to start something that can have everyone involved, and provide real use and application for the HMC coin! So it’s scalable and sustainable.
What achievement have you made so far and What is your plan for 2022?
It’s on Pancake Swap since Nov.12th, our project is known by more and more people, we’re excited for that. This is a long-term project, and the project is associated with one of the members from the royal family in Dubai. Starting about mid February, we will have NFTs on unique luxury products , we will do this all year long on our own NFT platform and people can only use HMC to purchase.
What is the role of token in your ecosystem? Could you tell us a bit about the tokenomics of your project?
THE MISSION OF HAMDAN
PLATFORM IS TO BUILD A SIMPLE,
BORDERLESS. DIGITAL CURRENCY
WITH CONSTANT VALUE-ADDED
SPACE AND A FINANCIAL
INFRASTRUCTURE THAT SERVES
BILLIONS OF PEOPLE. THIS WHITE
PAPER OUTLINES OUR PLAN TO
BUILD A NEW DECENTRALIZED
( CRYPTOCURRENCY WITH A
•DEFLATION AND APPRECIATION
RENGINE, AND A SMART CONTRACT
PLATFORM, IN ORDER TO OPEN UP
NEW OPPORTUNITIES FOR
RESPONSIBLE FINANCIAL SERVICE
This mechanism encourages token holders to hold HMC in order to obtain dividends from each transaction. The redistribution is based on the percentage (in the contract), the current token balance and the number of holders. At the same time, we have created a unique system that can automatically claim trading income for each holder and buy it into CAKE.
How the holder works: You buy and hold tokens, and you will automatically receive CAKE in your wallet every 6 hours. No action is required.
Buying slippage: 10%;
Sell slippage: 10%;
1% Repurchase HMC and burn;
2% HMC liquidity pool;
6% of Cake is purchased at the market price, weighted and
distributed to all HMC holders with 200,000+ HMC;
As a platform linking the crypto world and the global royal family, Hamdan Platform will be able to cooperate with various innovativeprojects dedicated to changing the world in the future ecological development. Therefore, smart contracts can switch CAKE into digital assets for these projects. Provides higher income opportunities for all users who hold HMC.
60% of HMC’s coins are produced through block mining, which is divided into two mining pools, single coin mining and liquid mining. As long as users hold HMC Token, or provide liquidity for HMC, they can get the output of the mining pool for free. Liquidity mining and single currency mining will be launched in the second phase of the project.
– Staking HMC, gain HMC;
• Staking HMC / BUSD LP in PancakeSwap, gain HMC;
• Staking HMC / CAKE LP in PancakeSwap, gain HMC;
– Staking HMC / BNB LP in PancakeSwap, gain HMC;
• Staking HMC / BETH LP in PancakeSwap, gain HMC;
Blockchain and cryptocurrency have many unique attributes and therefore have the potential to solve the problems of availability and reputation of financial services. These attributes include: distributed management to ensure that the network is not controlled by a single entity; open access, allowing anyone who can connect to the Internet to Participate in it; and secure encryption technology to protect the safety of funds.
However, the existing blockchain system has not yet been widely adopted. The existing blockchain lacks scalability and cryptocurrencies are volatile. So far, these factors have caused existing cryptocurrencies to perform poorly in terms of value preservation and medium of exchange, thus hindering their widespread use in the market. In addition, some projects are also trying to disrupt the existing system and bypass supervision, instead of innovating in compliance and supervision to improve the effectiveness of anti-money Laundering measures. We believe that working with the UAE’s Financial sector (including regulators and experts in various industries) to cooperate and innovate is the only way to ensure a sustainable, safe and credible supporting framework For this new system. This approach can make a huge leap, Allowing us to move towards a global financial system that is lower cost, easier to access, and more connected.
Hamdan Coin (HMC) is a digital asset issued based on Binance Smart Chain.
Total circulation: 1 Trillion, the specific distribution is as follows: • Global Royal Node: 15% (150 billion)
• Institutional investors/industry partners: 12% (120 billion)
• Super Node: 1% (10 billion)
• Technical team: 6% (60 billion)
• Foundation: 6% (60 billion)
Mining output: 60% (600 billion)
Next are 5 questions from Twitter.
The Hamdan platform is a new DeFi infrastructure engine that will enable the creation, launch and commercialization of world-changing projects. What will be the world-changing activities in the metaverse? What will be the functions of your cryptocurrency?
We like the concept of the metaverse, as technology comes along we definitely won’t miss out. Currently, we are working on luxury products NFT. Such as unique piece watch or super sports car’s NFT. One can only purchase these NFTs with HMC. We plan to do this all year long. A lot of people want to enjoy a good life and have luxury goods to achieve their dreams. But sometimes these products are just out of reach of people’s pockets. Thru unique collaborations with HMC, one can much easier To own these things in the virtual world
Here is one of the NFT example in our collaboration partners W Motors
There is always competition in blockchain technology. How does HMC plan to be at the forefront of its innovative features? What if in the next few years, the entire market has crashed due to little demand or strict regulations, how will your ecosystem survive?
Competition is everywhere and in all industries. Nothing good would come easy. We have a team of developers will constantly match up with the tech improvements, if market crashes or only very few demands, that’s going to happen with everyone, not just us. No one can really predict everything about the future correctly, so we would say, do the best we can now, and prepare for the worst when it comes.
How is this project safeguarded against potential whales and scams? What kind of security mechanism does it have in place to secure user funds? In general, how can I know that my money will be completely safe, and do you provide any security?
HMC is developed based on Binance Smart Chain, the smart contact has been audited by Certik, all the program codes are open and transparent to verify, so all the HMC assets anyone might have would be safe.
It’s easy to create a token, but is it really that difficult to make this token valuable? So, what is Hamdan Coin’s effort to make the token more valuable and what are your plans to maintain the token price and supply?
In crypto, circulating the token has value, when you have real applications and use of the token, then it becomes even more valuable. That’s why we’re sending HMC messages around the world, and making truly special NFTs for people to use HMC to achieve their dreams
Every successful project, as we all know, has a few stories behind it; what is the storey behind #HMC success? What did that vision look like when it was initially conceived? Do you have any special prototypes or #HMC updates you’d like to show/share with us?
A lot of people missed Bitcoin, then ETH, then Doge, then Shib ….and so on. But they still have not missed the trend of the crypto! We want to provide a platform and a token that’s user’s friendly and have real use of HMC. Now you can buy Christophe Claret’s watch and it’s NFT using HMC. Also you can buy W Motors car and it’s NFT with HMC . And more to come. We are putting HMC in real use.
Thank you so much for your replies to the twitter questions.
Before the end of the AMA, is there anything you would like to share with the community?
Its my pleasure to share the HMC message
You can buy HMC on PancakeSwap using Metamask wallet or Binance Wallet.
Thank AMIRI JC for coming to ONESHOT VENTURES community group and answering many questions about HMC for us.
I believe our community followers have a deeper understanding of HMC.
Thankyou so much!!!