Hedron (HDRN) is a group of smart contracts that exist on the Ethereum and PulseChain blockchains. Hedron builds on HEX by enabling stakeholders to create, mint, and borrow HDRN tokens against their active HEX investments. Stakeholders are also given the option by Hedron to exchange their HEX stakes for NFT tokens on any NFT exchange that is compatible. No admin keys or kill switches are present on Hedron. Hedron has zero counterparty risk and is decentralized, just like HEX.
Hedron stands alone. It is not officially affiliated with HEX, its creators, or its founders. Simply put, it is a project founded by HEX supporters to improve the HEX ecosystem. Hedron and HEX still have relationships, despite there being no formal ties between the two projects. Hedron, which expands on HEX as described above, enables HEX stakers to create and borrow HDRN tokens against their active HEX holdings.
Based on the number of shares allotted to each investment, Hedron analyzes a HEX stake and enables the stakeholder to mint or borrow HDRN. A staker will no longer be able to mint HDRN against such stakes if they are unstaked in an emergency or otherwise end their stake before minting their HDRN. When HDRN advances are active and part of an instanced (HSI) HEX stake, the stake cannot be ended until the advance is fully paid (good accounting is still permitted). The maximum number of days that can be borrowed or minted is the stake’s whole duration.
The native cryptocurrency of the Hedron project is the HDRN token, which is awarded to individuals who stake their HEX tokens. As a result, it serves as a motivation for people who stake HEX and increases the ecosystem’s utility.
HDRN is a rising-value token. The number of shares allocated to HEX stakes will always decrease because the price of HEX shares never decreases. Overall, this will result in a drop in the quantity of mintable HDRN as the price of HEX shares rises. This has a similar impact to how cryptocurrencies that are “minable” gradually become more difficult to mine.
Who are the founders of Hedron (HDRN)?
Dan Nevius founded Hedron.
Hedron was created in 2022 by a group of programmers who are devoted to HEX. The website of this new coin makes it quite apparent that it is not affiliated with the HEX founder or founding team.
What is Hedron (HDRN) used for?
New HEX stakes can be produced using Hedron and enclosed in a one-time smart contract. A HEX stake instance (HSI) is referred to as this. It is possible to “tokenize” these contracts, which will grant the user access to an HSI NFT token that can be traded on any NFT marketplace that is compatible, and then “detokenize” them to transfer ownership of the HEX stake to the new owner. Stakeholders can exchange their stakes for those desired by other users rather than emergency End Staking them and dumping the HEX price.
Users with untokenized HEX stake instances (HSI) can borrow HDRN tokens, which may be quite advantageous tax-wise for the staker. Borrowing will mint all available HDRN regardless of served days in one lump sum, whereas minting needs the staker to have served days within the stake. No third parties, just the staker and the contract directly, are involved in HDRN advances. The contract requires that all payments, including premiums, be forfeited. With the exception of the staker, no party directly gains from an HDRN advance. HDRN advances are not eligible for bonuses.
How is Hedron (HDRN) unique?
Hedron consists of three unique central features: minting, tokenized HEX stakes, and borrowing.
- Tokenized HEX Stakes – Hedron allows for the creation of encapsulated HEX stakes that can be contained inside HSI (HEX Stake Instance) contracts. For the purpose of hosting a single HEX stake, an HSI is a Solidity smart contract. Once that is done, users can “tokenize” the HSI contract into an ERC-721 NFT. A transfer of the NFT to another wallet is also possible. Direct exchanges or sales on NFT marketplaces are also acceptable methods of transmission.
- Minting: Staking HEX allows users to mint HDRN ERC-20 tokens thanks to the minting functionalities. The amount staked and the length of time the HEX tokens have been staked, respectively, determine the number of HDRN tokens.
- The final feature is Borrowing, which is comparable to minting in the Hedron ecology. But it adopts a somewhat different strategy. Borrowing gives consumers tokens upfront rather than having them have servers remain days within a HEX stake in order to get HDRN. This is referred to as an “advance” by Hedron. You should be aware that borrowing carries dangers by nature before doing so.
In proportion to the allotted number of B-Shares (one billion shares) for a certain HEX holding, HDRN is minted at a rate of 1:1. Stakers may mint this amount once per day and serve it inside a stake. Stakers may mint this amount once per day and serve it inside a stake. After a stake, once per Hedron day, or at any random point(s) in between, this can be done. The launch phase and AMR incentives are just two examples of the benefits that are offered and only apply to minting. There are no requirements for minting, so anyone with a HEX investment can mint HDRN without putting their stake in danger.
How many Hedron (HDRN) coins are in circulation?
There is a maximum supply of 58,972,752 HDRN coins and no information on the circulating supply.
How is the Hedron (HDRN) network secured?
As mentioned above, Hedron enables stakers to create new HDRN tokens and borrow them against their current HEX holdings. The number of hex stake B shares multiplied by the number of days served minus the number of days already minted is the maximum number of Hedron a HEX staker may produce. Shares, or HEX printers, in short, are what produce yield for HEX investors.
Also, any unminted HDRN is lost if you end-stake your hex stake. Because the T-share is programmed to increase in value over time, it will become harder to mint Hedron as time passes. As a result, there will be fewer HDRNs that can be produced.
How do I buy Hedron (HDRN)?
The HDRN oken can be used for a wide range of purposes, like staking and payments.
Hedron (HDRN) tokens can be easily purchased by following the steps below.
* Open an account with the crypto trading platform of your choice.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy CNS through your trading account by swapping with BTC, ETH, or USDT pairs.
Which Cryptocurrency Wallet Supports Hedron (HDRN)?
The PTPWallet platform supports many cryptocurrencies, with HDRN soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most popular platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.
If you’re looking to learn more about PTPWallet and to stay updated on our latest news, be sure to follow us on our social media accounts. You can find us on our channels.