hdao - Pwim.Net

HDAO soared +1469% immediately after listing!

Earlier, the most influential Hong Kong Digital Asset Exchange HKD.com launched its platform token HKD.com DAO (HDAO), sold out in 5 seconds. 🔥

HDAO/USDT trading pair will be available at 15:00pm HKT on HKD.com spot trading platform, the opening price was 0.02 USDT. The price of HDAO once soared to the highest point of 0.3139 USDT at the time of writing this article, over 1469% increase. There has been increasing buying interest, leading the price of HDAO.

HDAO is an ERC 20 token, with a max supply of 10,000,000,000. The HDAO ecosystem will be empowered by HKD.com, as it is HKD.com platform and governance token. HDAO will allow holders to exercise borrowing/lending, LP staking, spot trading pairs, and more. HDAO is the native cryptocurrency on the HKD.com platform, it aims to connect holders and HKD.com, formulate a wholesome ecosystem.

HDAO will be listed on other reputable exchanges in the future.

HKD.com Fully Upgraded! A New Outlook Comes Out

HKD.com fully upgraded! A new image came out on April 28.

April 28- Hong Kong-based digital assets exchange HKD.com announced the completion of system upgrades. The system brings a new dynamic outlook by providing serval new features and functions, offering faster, accessible and safer trading experiences.

New Layout for webpage and mobile app

After serval months of work, HKD.com is pleased to announce a great leap in the interface of our webpage and mobile app in terms of User Interface (UI) and User Experience (UX) design.

The new design interface will be more user-friendly and accessible to our users and our trading platform will be demonstrable to multiple cryptocurrencies instantly. Besides, users can interchange the platform’s layout by switching to either day or night mode according to their preference, satisfying users’ custom and personal habits.

Open registrations to C2C businesses globally! More flexibility on trading.

The optimisation of HKD.com not only reflects the system upgrade and the improvement of user experience enhancement, but the platform also opens registrations to global C2C businesses. International traders, including buyers and sellers for Over-the-counter (OTC), can match their own preferences through our C2C trading platform. Buyers can set and choose their favourite retailers, while sellers can anchor their own custom prices.

As a result, customers can enjoy more flexibility in trading stablecoins—no more restrictions or limitations for trading as a businessman.

Simplify the trading process with a quicker and smoother speed

The current upgraded version of the system is much easier to use under our security protection. We simplify the whole trading process by removing unnecessary trading steps and obstacles so that our customers can save time by speeding up trading in all-in-one procedures!

Furthermore, the core trading system structure also has been improved. In this upgrade, HKD.com has dedicated to strengthening the trading speed and introducing multiple layers of security, stability and trading safety. The trading platform has also added a new fingerprint login access feature for better reliability of our trading platform.

This is just the first step for us as the blueprint of optimizations. We promise to keep improving and upgrading actively. For our next stage, we expect to introduce functions like contract trading in the hope of bringing refreshing ideas to our customers.

The new system enhances and empowers HDAO

Previously, HKD.com issued its own token, entitled HKD.com DAO (HDAO). Thanks to its innovation of combining the characters of platform tokens and DAO tokens, the token has surged 20 times after its launch.

As the HKD.com ecosystem is the primary application scenario for HDAO, the advantage of the feature will be more prominent after the new system is upgraded. HDAO holders enjoy multiple privileges on HKD.com, including membership promotions, discounts or even free transaction fees.

Holding specific numbers of HDAO can increase the percentage of invitation rebates and the opportunities for buying non-fungible-token (NFT) and crypto trading through HKAO and other circulated tokens. In conjunction with the upcoming burning mechanism, the upgraded system of HKD.com will inevitably further enhance the use-value of HDAO.

Holders of HDAO not just enjoy the benefits offered by the tokens but also enjoy their voting rights, which allow them to propose initiatives to HKD.com for improvement and support the future development of HKD.com.

Promoting HDAO to the international market

HDAO is continuously benefitting from this round of upgrades, as the token has landed on well-known crypto exchanges, such as BitMart and Bibox. The token has even surged by 34% on the launch day of Bibox, hitting 0.4 USDT.

The influence of HDAO has been recognized by well-known international crypto institutions CoinGecko and CMC. Furthermore, a series of AMA (Ask-Me-Anything) events have further won the endorsements by the global communities. In addition, with the assistance of the systematic upgrade from HKD.com, HDAO will establish a robust and solid foundation, helping it to expand the overseas blockchain market, embracing the next stage of Decentralized finance.

Image source: HKD.com

HDAO Launches New Burning Mechanism, 50% of Tokens in Total to be Burnt

The foundation of HDAO (HKD.com DAO) announced to rolling out of a new burning mechanism aiming to destroy 50% of the total amount of HDAO tokens.

The burning mechanism was introduced following unanimous approval from stakeholders in the hope that to have a better development by raising its values in the future.

In other words, the total amount of tokens will be eliminated to 5 billion from 10 billion.

The objective of burning is to reduce its supply in circulation, bringing scarcity to the market. All burnt tokens will be destroyed and can be examined on the chain. The ratio of distribution after burning and the time limit remain unchanged. The token distribution allocation in accordance with the burning activities is as follows:

(The amount of burning HDAO takes half of the total amount issued)

(The distribution rules remain unchanged after burning)

According to the decision of the burning protocol, the foundation of HDAO will conduct a buyback of 100%. Token-burns of HDAO would be used by the monthly income from the transaction fees. The burnt record can be reviewed on the chain.

Reportedly the income from transaction fees in March was 423,909 USDT. All incomes from the transaction fees have been used for buyback and token-burnt purposes of HDAO. 1,086,946 HDAOs have been burnt in total.

Thanks to the rising trading volume on HKD.com in April, the platform received 602,930 USDT income from transaction fees, and all the relative incomes have been used for buyback and token-burnt activities of HDAO accumulating 1,545,974 tokens of HDAO to be burnt.

Its burning record is as follows:

0xa6dc25851c18db97d4af05dbea56ceaaf6bda0ee

All burning records for the foundation of HDAO can be reviewed through this address.

Meanwhile, after the systematic upgrade for HKD.com, the number of HDAO scenarios would potentially increase, including:

To enjoy transaction fees discount by using HDAO
With higher chances for referral by holding HDAO
To enjoy purchasing NFT by using HDAO as an available token.
To enjoy eco-token on the Metaverse gaming platform by using HDAO
To enjoy exclusive benefits and regular events as the VIP of HDAO

Currently, the latest token contract of HDAO is under review by a well-known international auditing company to improve its transparency and credibility.

It is believed that the deflation nature of HDAO would be strengthened under the implementation of the burning mechanism and also boost the confidence of the community.

Thanks to favourable factors under the burning mechanism, HDAO’s price has hit $0.484 (trading at $0.392 during the intraday), surging over 56% over the past 12 hours after a part of the HDAOs have been burnt. The accumulating volume on HKD.com has been recorded to be over 10 million USDT.

HDAO is expected to be run by DAO mode, allowing users to decide the direction of development through voting so that both sides can be connected to fulfil the ambition of DAO governance.

HKD.com HDAO：代幣分布重組和燒毀，共創美好未來

在 HDAO 私募投資者、HDAO 基金會和 HDAO 開發團隊最近的會議上通過了新的 HDAO (HKD.com HDAO) 提案，HDAO 基金會決定重組 HDAO 分佈，並將整個 HDAO代幣從以太坊和波場網絡轉移到Polygon網絡。

HDAO 總供應量5億

為了更好的未來發展和 HDAO 的價值，HDAO 基金會決定再次銷毀 HDAO 代幣。 HDAO 基金會銷毀了 90% 的 HDAO 代幣總量，從最初的 50 億減少到 5 億個 HDAO 代幣。燃燒顯著減少了其在市場上的流通量，並增加了已經流通的HDAO 的稀缺性。

HDAO 團隊 – 由社區出發，為社區服務

會議期間，私人投資者和開發團隊提議在不增加發行期限的情況下，將所有剩餘的 HDAO 代幣解鎖並貢獻給 HDAO 基金會和 HDAO 生態系統。

HDAO 開發團隊表示：

“我們應該由社區建立它，並為社區建立。為了 HDAO 發展的更美好未來，我們的團隊同意將我們的 HDAO 代幣貢獻給社區，並將其分發給基金會和生態系統。”

新的 HDAO 開發團隊獎勵將基於 HDAO 開發的表現，並由社區每年投票給予。這不僅保持了 HDAO 團隊的發展動力，還鼓勵團隊為社區構建立更好的 HDAO。

在重組及銷毀計劃實施後，HDAO的分佈比例如下：

我們聆聽–我們一起建設

新的 HDAO 發行版帶有新的 HDAO 功能，開發團隊提出了一些新的用例，值得注意的是：

1) HKD.com 代幣發行平台資格：HDAO 持有者可以質押他們的代幣，以獲得優質項目的優先認購權來支持加密貨幣行業的生態。

2) HKD.com 社區獎勵：HDAO 持有者可以獎勵HKD.com 社區的內容創作者或KOL 的內容創作。他們還可以使用HDAO 訪問僅限 VIP 的HKD.com 頻道。

HDAO 私募投資者：

“隨著代幣銷毀和永不增發機制，我們歡迎新的 HDAO 分布結構。我們將繼續支持 HDAO 的長期發展。”

仍在 ERC20 和 TRC20 網絡上的 HDAO 代幣被視為舊版 HDAO 代幣。已從 HKD.com 平台提取舊版 HDAO 代幣持有者可以在 2023 年 4 月 30 日或之前聯絡 HKD.com 的客戶服務，以協助將舊版 HDAO 代幣轉移到 Polygon 鏈上的新 HDAO 代幣。持有人需要向 HKD.com 的客戶服務報告和登記他們持有舊版 HDAO的錢包地址，完成手續後才能將他們的 TRC-20/ERC-20 舊版 HDAO 代幣發送到銷毀地址，否則銷毀無效。詳情請看Medium 公告。但如果舊版 HDAO 代幣還在 HKD.com 平台，平台會自動將舊版 HDAO 轉移到新的Polygon 鏈上，HDAO 持有者可以在HKD.com 平台上無縫交易買賣。

關於HKD.com

香港數字資產交易所（“HKD.com”）是總部設立於香港的領先加密貨幣交易所。 HKD.com 持有香港TCSP牌照，獲得新加坡 MAS 豁免，並在美國、加拿大、澳大利亞和愛沙尼亞獲得牌照，致力於為全球數字資產交易者提供世界一流的交易體驗。 HKD.com 致力推動加密貨幣發展，並且將它實體化和普及化。除了高度安全的網上數字貨幣交易平台，HKD.com 亦經營區內最大的加密貨幣 ATM 網絡，並在香港核心商業區設立 10,000 平方尺的數字貨幣交易分行，成為香港最大的數字資產交易所之一。

Exchange | Twitter | Medium | Facebook

HKD.com HDAO: Restructure and Burn for a Better Future

With the new HDAO (HKD.com HDAO) proposal passed in the recent meeting between HDAO private investors, HDAO foundation, and the HDAO development team, HDAO foundation decided to restructure the HDAO distribution and move the entire HDAO from Ethereum, and Tron networks to Polygon network.

500M Total Supply of HDAO

For better future development and the value of HDAO, the HDAO Foundation has decided to burn the HDAO tokens again. The HDAO Foundation burnt 90% of the total amount of HDAO tokens decreasing from the original 5 billion to 500 million HDAO tokens. The burning significantly reduced its circulating supply in the market and increased the scarcity of HDAO already in circulation.

HDAO Team – By the Community, For the Community.

During the meeting, the private investors and the development team proposed to unlock and contribute all their remaining HDAO tokens to the HDAO foundation and the HDAO ecosystem under no additional issuance term.

The HDAO development team stated that

“We should build it by the community, and for the community. For the greater future of HDAO development, our team agreed to contribute our HDAO tokens to the community and distribute them to the foundation and ecosystem.”

The new HDAO development team reward will be based on the performance of the HDAO development and given by the community voting yearly. That not only keeps the HDAO team motivated but also encourages the team to build the HDAO for the community.

After the restructuring and burning, the distribution ratio of HDAO is as follows:

We Listen. Together We Build.

New HDAO distribution comes with new HDAO features, the development team proposed a few new use cases, noticeably:

1) HKD.com Launchpad Eligibility: The HDAO holders can stake their tokens to get priority access to promising projects.

2) HKD.com Community Reward: The HDAO holders can reward content creators or KOLs of the HKD.com community for content creation and curation. They can also use HDAO to access VIP-only channels.

The HDAO private investors,

“With the burning and no new issuance mechanism, we welcome the new HDAO distribution structure. We will continue to support HDAO for long-term development.”

HDAO tokens that are still on ERC20 and TRC20 networks are considered Legacy HDAO Tokens.Legacy HDAO token holders whose token has been withdrawn from the HKD.com platform can contact HKD.com’s customer service on or before 30 Apr 2023 for assistance in transferring the Legacy HDAO token to the new HDAO token that is on the Polygon chain. Holders need to report and register their holding addresses to HKD.com’s customer service before sending their TRC-20/ERC-20 HDAO tokens to the burn addresses, otherwise the burning will not be considered. For detailed information, please refer to the announcement.However, if the HDAO token is still on the HKD.com platform, the platform will automatically transfer it to the new Polygon chain, and HDAO holders can seamlessly trade it on the HKD.com platform.

About HKD.com

Hong Kong Digital Asset Exchange (“HKD.com”) is a leading cryptocurrency exchange with Hong Kong TCSP license and an operational presence in Hong Kong. Exempted by Singapore MAS and licensed in the US, Canada, Australia, and Estonia, HKD.com strives to provide a world-class trading experience to global digital asset traders. HKD.com is committed to the physicalization and popularization of digital currencies. In addition to a highly secured online digital currency trading platform, HKD.com also operates the largest crypto ATM network in the region and has set up a 10,000 sq. ft. branch for digital currency trading in Hong Kong’s core commercial district, making it one of the biggest digital asset exchanges in Hong Kong.

Exchange | Twitter | Medium | Facebook