Hegic is an on-chain peer-to-pool options trading protocol on Ethereum. Start trading gas fee-free $ETH and $WBTC call / put options with 0% fees. $HEGIC

help@hegic.co
Joined February 2020
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๐Ÿ„โ€โ™€๏ธ RELEASING $HEGIC Bonding Curve Swap Contract with "Infinite Liquidity": You can now buy $HEGIC with ~x5 lower slippage ๐Ÿ„โ€โ™€๏ธ than on any exchange or DEX! ๐ŸŽ To celebrate the launch ๐Ÿ’ต $500,000 in $HEGIC will be distributed among the first 165 users. LEARN HOW TO GET REWARDED ๐Ÿ‘‡
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1/18 What is bonding curve? The bonding curve contract will be the primary $HEGIC liquidity venue where the token price increases๐Ÿ“ˆ as the supply of the token decreases๐Ÿ“‰ When a new buyer acquires HEGIC, each subsequent buyer will have to pay a slightly higher price for HEGIC.
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4/18 The initial HEGIC prices in the new bonding curve contract: 0.00002638 ETH / HEGIC (~$0.11) and 0.11 USDC / HEGIC. You can use both ETH and USDC to acquire HEGIC on the bonding curve contract. A little valuable secret: buying HEGIC with ETH will cost you less in gas fees.
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5/18 If token holders want to swap $HEGIC for ETH or USDC using the bonding curve contract, they will pay a 20% swap fee on this transaction. This fee is necessary for protecting users from potential contract exploits with flash loans or other economic attacks on the protocol.
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6/18 With a fixed multiplier of 0.000000005 USDC / USD set in the bonding curve contract the intrinsic price of $HEGIC token will be 1.11 USDC (USD) per HEGIC (200,000,000 * 0.000000005 + 0.11 (start price)). ๐Ÿ’ก If you buy HEGIC, the very next buyer will have to pay a bit more.
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7/18 ๐Ÿ’ต $500,000 $HEGIC Rewards Fund Who are eligible to participate: โ–ซ๏ธ Hegic V8888 options buyers โ–ซ๏ธ Hegic V8888 liquidity providers โ–ซ๏ธ $HEGIC staking participants: staking lots and microlots holders as well as hegicstaking.co users with V8888 sHEGIC on their balance
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8/18 Find out your rewards tier: โ–ซ๏ธ Options buyers At least one option bought with a size of: ๐Ÿฅ‰T3: 1-10 ETH/0.1-1 WBTC ๐ŸฅˆT2: 10 ETH+/1 WBTC+ ๐Ÿฅ‡T1: 100 ETH+/10 WBTC+ โ–ซ๏ธ LPs: Liquidity provided: ๐Ÿฅ‰T3: 1-10 ETH/0.1-1 WBTC ๐ŸฅˆT2: 10 ETH+/1 WBTC+ ๐Ÿฅ‡T1: 100 ETH+/10 WBTC+
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9/18 Find out your rewards tier: โ–ซ๏ธ Staking participants: ๐Ÿฅ‰T3: 9,000+ $HEGIC staked ๐ŸฅˆT2: 45,000+ $HEGIC staked ๐Ÿฅ‡T1: 1 staking lot (any) ๐Ÿ‘‡ After you'll find out your rewards tier, join Hegic Discord and go to the #๐Ÿ’ฒ-500000 chat to participate discordapp.com/invite/znjdj8โ€ฆ
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10/18 Four steps (10min) to get rewarded 1. Buy $HEGIC on Uniswap 2. Buy $HEGIC using the Hegic bonding curve swap contract 3. Compare the prices 4. Stake $HEGIC on Hegic ๐Ÿฅ‰T3: Buy 9K on Uni + 9K on Hegic ๐ŸฅˆT2: Buy 45K on Uni + 45K on Hegic ๐Ÿฅ‡T1: Buy 90K on Uni + 90K on Hegic
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11/18 Rewards: ๐Ÿฅ‰T3: 9,000 $HEGIC ~ $1,000 ๐ŸฅˆT2: 45,000 $HEGIC ~ $5,000 ๐Ÿฅ‡T1: 90,000 $HEGIC ~ $10,000 Max. number of rewards recipients: ๐Ÿฅ‰T3: 100 first participants ๐ŸฅˆT2: 50 first participants ๐Ÿฅ‡T1: 15 first participants ๐ŸŽ First-come, first-served โ• Discord applications
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12/18 Net Rewards: All participants who are eligible for receiving rewards and who will buy and stake $HEGIC, will also have their gas fees 100% covered. If you'll pay $80 to buy on Uni + $40 to buy on Hegic BC (yes, it's cheaper!) + $50 to stake, you'll get $170 more in HEGIC.
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13/18 Step by step process: 1. Buy $HEGIC on app.uniswap.org/#/swap?inputโ€ฆ 2. Buy $HEGIC on the bonding curve contract: hegic.co/ โ†’ Connect โ†’ Tokens โ†’ Buy / Sell 3. Stake $HEGIC and send your application in Hegic Discord (find the template in the next tweet) ๐Ÿ‘‡ ๐ŸŽ
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14/18 Application template: 1. Transaction hash of an option bought/liquidity provided/HEGIC tokens staked 2. Transaction hash of $HEGIC bought on Uniswap 3. Transaction hash of $HEGIC bought on Hegic bonding curve 4. Transaction hash of $HEGIC acquired & staked on Hegic
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15/18 One address/user is only eligible to receive one reward payout. The rewards are not cumulative in case if you have acquired options AND provided liquidity AND staked $HEGIC. Choose the highest rewards tier for yourself: 100 ETH option bought > 10 ETH liquidity provided.
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16/18 The rewards in $HEGIC will will be distributed on a daily basis among all of those who will be eligible and participate. Just do all the necessary steps and send your application in Hegic Discord โ†’ #๐Ÿ’ฒ-500000 chat. The standard HEGIC staking lock-up period applies: 1 day.
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17/18 Summing everything up: If you have bought options, provided liquidity or staked $HEGIC on V8888 for acceptable amounts, you can get the reward from $1,000 up to $10,000 ๐ŸŽ if you'll buy HEGIC on Uniswap + Hegic bonding curve contract, stake them and apply through Discord.
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18/18 The $HEGIC bonding curve contract release is a step in the direction of dealing with four challenges of HEGIC token-economics that were stated in the latest Hegic V8888 quarterly report. Read it to learn more about upcoming developments. ๐ŸŽ ๐Ÿƒโ€โ™€๏ธ๐Ÿƒโ€โ™‚๏ธ medium.com/hegic/hegic-v8888โ€ฆ
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1/18 What is bonding curve? The bonding curve contract will be the primary $HEGIC liquidity venue where the token price increases๐Ÿ“ˆ as the supply of the token decreases๐Ÿ“‰ When a new buyer acquires HEGIC, each subsequent buyer will have to pay a slightly higher price for HEGIC.
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2/18 Each time $HEGIC tokens are acquired using the bonding curve contract, the ETH-HEGIC or USDC-HEGIC swap transaction increases the price of HEGIC token for a fixed value: you can think of this as an intrinsic price. This value is called a bonding curve multiplier or a slope.
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3/18 The multiplier is set in the bonding curve contract โ๏ธ These multipliers are 0.000000005 USDC and 0.00000000000119 ETH. As people buy and sell HEGIC tokens using the bonding curve contract, the price increases or decreases. The contract itself is used as a price oracle โš–๏ธ
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