Hera Network Documentation
* Live updates
1. About Hera Network
Hera Network is the all-in-one (Hub) DeFi service of Tezos blockchain and is governed by Hera DAO holders. We provide multiple financial primitives that became a DeFi hub serving Tezos eco system.
2. Services
2.1 Farming
Hera allows holders to lock up their holdings, which in turn provides them with rewards. More specifically, it’s a process that lets you earn either fixed or variable interest by investing token.
First, we will support farming hrDAO by Hera Token 2 weeks after releasing token.
2.2 Lending
Hera lending platforms aim to offer crypto loans in a trustless manner, i.e., without intermediaries and allow users to enlist their crypto coins on the platform for lending purposes.
We provide a P2P lending contract, allowing borrowers can directly take a loan through the platform by selecting the best deals from lenders.
For example, a lender can provide a deal for Kolibri USD with rate 15% APY (significant lower than Kolibri current rate 22.5% from https://kolibri.finance/), or with a lower liquidation rate.
2.3 Lottery
Lottery betting is the activity of predicting the results of a lottery draw and placing a wager on the outcome.
With some betting firms, players are also able to bet on certain numbers being drawn, rather than following the ruleset of official lottery operators. For example, a player could bet on just one number being drawn on a specific lottery. With number betting, the betting company can set its own prize amounts and pays out prizes directly to customers.
There are 2 number betting systems on Hera:
Instant bet: A P2P contract where a player simply choose a side which is below or above 50 (0-49 or 49-99), and bet with another one who has a same amount bet size. The winner takes all rewards.
Daily bet: Players pick a number from 0-99. The lottery system announces the JackPot number of the day at 2PM UTC. The winner will get a 70x reward.
2.4 Tez Calendar
3. Token
3.1 Hera Token
Hera is the native token of Hera Network.
Hera total supply is 127,170,982 tokens
(185.000.000 tokens before locking)
Hera can be used for paying transaction fees, staking to deploy smart contracts or farming for hrDAO token. 95% of the funds from the public sale will be added to LP, 5% for marketing strategy.
3.2 hrDao Token
hrDAO is the governance token of Hera Network.
hrDAO total supply is 27.000 tokens.
Unlike Hera, hrDAO will not be created or provided initial liquidity by Hera team. It can be done by any members of the community.
4. Hera Network Event
4.1 Airdrop
Registration Date: UTC 2:00 pm 17th May 2021 - UTC 2:00 m 26th May 2021
Policy: first-come, first-served
Lockup: Unlocked 1 weeks and 4 days after public sale ends, 5th July 2021
4.2 Private Sale
Registration Date: UTC 2:00 pm 17th May 2021 - UTC 2:00 pm 28th May 2021
Event Start Date: UTC 2:00 pm 29th May 2021 - UTC 2:00 pm 1st June 2021
Individual Purchase Caps: min 10 XTZ, max 8000 XTZ per registrant
Lockup: Unlocked 1 weeks after public sale ends, 1st July 2021
Hera Token Price: 0.003 XTZ
4.3 Public Sale
Registration Date: UTC 2:00 pm 17th May 2021 - UTC 2:00 pm 1st June 2021
Event Start Date: UTC 2:00 pm 3rd June 2021 - UTC 2:00 pm 24th June 2021
Individual Purchase Caps: min 10 XTZ, max 8000 XTZ per registrant
Lockup: Unlocked 1 weeks after public sale ends, 1st July 2021
Hera Token Price: 0.005 XTZ
5. Token Distribution
To achieve the highest decentralization, 59.7% is distributed to community, 20.3% incentivize users to get rewards in farming or lottery games, 2% airdrop.
The development team has 18% of total fixed supply, and will be distributed 6 months later, counting from 17th December 2021.
All the token will be distributed 2 weeks after the end of public sale, on 1st July 2021.
6. Roadmap
Q2 2021: Hera Network Community Event and Token distribution
Q3 2021: Release Farming and Lottery Services
Q4 2021: Release P2P Lending Service.
Q1-2 2022: Governance System on Hera Network.
7. Postscript
Hera team is working day and night to be able to help the project launch on time, to provide one the high quality decentralized financial infrastructure and product platform on Tezos.
On the road to success, we can not do this alone. Thank you for joining us on this journey to build a decentralized, open and equitable future together.
From Hera team with all respect!
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