Hallow Finance is an algorithmic stable coin protocol pegged 100:1 to BNB on Binance Smart Chain. $HALLOW is a new token on BNB Chain. Let’s check out it.
Project name: Hallow
Contract address: 0xAC3F41A3028432A2a1FE33c0d9204082cdC9d67f
Network: BSC/BNB Chain
Total supply: 5.000.000 HALLOW
Max Supply: 150.000.000 HALLOW
Presales always have some risks. Please DYOR (do your own research)
|Liquidity Lock Rate||55% BNB raised|
|Min-Max Spend per Account||Max 4 BNB|
|Presale vesting||no vesting|
|Start||2022-06-03 16:00 UTC|
|End||2022-06-06 17:00 UTC|
- KYC (by Gempad)
- Audit, check report
- Owner can update total fees not greater than 15%
- Owner can set max transaction/wallet amount not less than .01%
About the team
From White/Lite Paper
Hallow Finance is groundbreaking industry disruptive project. Being the first Dual-Earning Liquidity Mining Platform, this is a next-gen defi tool for degens apes. By staking on the platform, you’ll earn LP (Liquidity Pool) token and BUSD concurrently which will auto-compound on your dashboard.
The Dapp feature highly innovative functionalities that remedied the pain points of being a trader in a bear market.
The Hallow Finance team took months to brainstorm and came about with a paradigm shifting, landscape and revolutionizing project that help eliminates the pains and heartbreaks of a bear market. We deployed an innovative anti-inflation mechanism to enhance sustainability, which will thereby make the protocol flourish either in a bear or bull market.
Hallow Finance is an algorithmic stable coin protocol pegged 100:1 to BNB on Binance Smart Chain. Much like Basis Cash our protocol uses three tokens (HALLOW, SACRED, HBOND) to incentivize a stable 100:1 peg to BNB.
The protocol’s underlying mechanism dynamically adjusts HALLOW’s supply, adjusting its price either ways relative to the price BNB.
What differentiates Hallow from other algorithmic protocols?
We were big fans of Basis Cash when they came out launched, with our protocol we hope to bolster BNB’s liquidity on Binance Smart Chain, offer a pegged BNB substitute for lending/collateralization and offer this cross-chain as well, essentially becoming our own algorithmic stable coin. Pegging to BNB instead of BUSD makes cross-chain activities and collateralization more flexible, easier to manage. One major advantage of not being collateralized like BNB is that you don’t have to lock up capital in order to create Hallow, the downside of which is that the value of Hallow will fluctuate much greater than if it were collateralized
Please read White Paper for more info.
Hallow Finance is an “algorithmic stable coin + Liquidity Mining protocol”. You should read the White Paper for details of this protocol.
Looks good as an idea. However, at the time of writing this review, the dApp had not yet been released. The team stated that it will be released on 11 June. If the protocol works as planned, it may attract the attention of many.
About tokenomics: Total supply is 5.000.000, max supply is 150.000.000
The team has been KYCed by GemPad. The team has also a smart contract audit.
You should check out it.
(Not Financial Advice)
It couldn’t reach softcap. Failed