Post
Topic
Board Announcements (Altcoins)
Topic OP
[ANN] Hertz - the first deflationary stablecoin
by
Hertz_Token
on 21/10/2019, 00:23:48 UTC


Q1: Are you a long-term ETH investor ?
Q2: Can you afford to lose only 2% of your ETH, with more than a 99% chance of earning beyond the loss ?

If yes to both, this token is where you should place your ETH !


What is Hertz (HZ) ?

Hertz is a deflationary stable coin, built on Ethereum Erc20 platform.
It is a token with the constantly increasing price, while the price increase is determined by the token liquidity.
Please read the white-paper to find out more about the mechanism involved : https://github.com/olejardamir/Hertz/blob/master/readme.md

- There are no pre-minted tokens.
- Nobody is the contract owner.
- You can exchange your tokens to Ethereum at any time (with a 2% fee) using the contract.
- There are no fees for purchasing Hertz while using a contract.

~~ Airdrops: You can self-drop with any amount of ETH by using the contract. ~~


- Contract: 0x6a4b6316d1d03d2f2b3a0294502f8faf0f38ca14
- Etherscan: https://etherscan.io/token/0x6a4b6316d1d03d2f2b3a0294502f8faf0f38ca14
- Symbol: HZ
- Pre-minted: 0
- Contract owner: nobody, meaning, nobody collects Ethereum.
- Decimals: 18. Since token price will always increase, zeros will become very important.
- Total Supply: 21000 tokens. Since we are using 18 decimals, 21000 tokens is enough to make traders put a token on exchanges due to a low supply, and sell it.
- Minting: when the current supply reaches 21000 we cannot mint more tokens. However, when tokens are burned by transferring or by exchanging back to Ethereum within a contract, the number becomes lower, and we can mint them again using the contract.
- Current Supply: The current supply shows the current amount of circulating tokens. The current supply is reduced by burning and increased by purchasing tokens from a contract.
- Trade fees: No fees for a token purchase, 2% for converting back to Ethereum. Initial idea was to have no fees at all, however, people could avoid burning Hertz by converting it to Ethereum. This is only a safety mechanism making sure that Hertz will be used as intended, at least once.

- Everyone profits when Ethereum is taken away from the contract.
- Everyone profits when token is transferred from one account to another.
- Starting price: 1 Ethereum = 1 Hertz. From that point, Hertz price is always increasing.
- Minimum purchase: 0.000000000000000001
- Maximum purchase: Total Supply minus Current Supply


Official Website
: http://gotohertz.com/
Early exchanges/relays:
https://bamboorelay.com/trade/HZ-WETH

Twitter: https://twitter.com/HertzToken
Telegram: https://t.me/joinchat/Ote9nhcPmwqf4Kmh3Fh6Uw
Discord: https://discord.gg/KGwkqqM
Reddit: https://www.reddit.com/r/HertzToken/
Instagram: https://www.instagram.com/hertztoken/