Hector Network (HEC) news

Hector Network

HIP 42 Results

Dear Hectorians,

With heavy hearts and utmost respect for the community's decision, we would like to announce that HIP 42 has concluded with a majority vote (83.31%) in favour of the liquidation of Hector Network and redemption of the $HEC token against the funds in the treasury.

The next steps involve appointing a liquidator, legal counsel, and auditor by the Steering Committee. We anticipate that the overall process will take a minimum of six to twelve months to reach completion. Throughout this journey, we remain committed to maintaining transparency and providing updates and announcements on Twitter, as well as through announcements on Telegram and Discord.

We understand that this outcome may evoke mixed emotions within the community. We sincerely appreciate your understanding, support, and the trust you have placed in us as we navigate this challenging period. Our utmost priority is to execute the liquidation process diligently, adhering to all legal requirements, and ensuring transparency at every step of the way.

We would like to express our gratitude to every individual who has been a part of Hector Network with a special thanks to our amazing Oracles and our moderators. Your engagement and dedication have been invaluable to the Hector Network.

We extend our gratitude to all community members who actively participated in the voting process.

Please stay tuned for further updates, which will be released as soon as possible. We are fully committed to providing you with the needed information as we proceed with the liquidation process.

Thank you once again for your unwavering support.

Hector Network - Announcements

Telegram

LOCKLESS STAKING UPDATE

Hectorians! 

As a part of the ongoing liquidation process of Hector Network (https://t.me/hectornetworkann/1552), we would like to inform all tokenholders that the lockless staking feature will be discontinued and that the Annual Percentage Yield (APY) for lockless staking has been reduced to 0%. We kindly request all tokenholders to unstake their staked tokens and refrain from staking any further 👉 https://app.hector.network/stake.

We appreciate your understanding and cooperation during the liquidation period. Further instructions and updates regarding the redemption process will be provided through our official communication channels.

LOCKLESS STAKING UPDATE. Hectorians.