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DUBLIN – February 9, 2022, 7:00 AM ET - Sekuritance (https://www.sekuritance.com), the first multi-dimensional RegTech ecosystem delivering compliance-as-a-service, today announced its launch to Mainnet, opening up the platform's ecosystem for all CeFi and DeFi users interested in the Sekuritance solution for identity management, regulatory compliance and transaction monitoring.

Users may now visit the Sekuritance User Interface portal to create profiles and accounts to easily access the full features of its services. Sign-up simply consists of setting up 2FA and verifying their identity under the “My Profile” section. Once the user is verified via the Sekuritance Onboarding Engine, users will be able to connect their MetaMask wallet to access the Sekuritance Dashboard. From there, users will be able to review, update and edit their personal information as well as complete KYC, KYB and KYT checks.

The Sekuritance Portal will be the first blockchain-based compliance platform for Individuals, SMEs and Businesses alike. Utilising the Sekuritance $SKRT token provides further benefits when using the platform.     

The Sekuritance billing engine is built utilising USDT, on ETH, MATIC and BSC chains as currencies to purchase verification credits on the platform to perform compliance checks. Users who hold $SKRT within their wallet will receive significant discounts on these verification checks as seen here:

• $SKRT Believer Status (Took part in IDO): 5% Discount (Accumulated)*

• $SKRT Adopter Status (50,000 SKRT): 10%

• $SKRT Insider Status (500,000 SKRT): 20%

• $SKRT Evangelist Status (1,500,000 SKRT): 50%

• $SKRT Partner Status (3,000,000 SKRT): 70%

*The Believer Discount also accumulates over other holding amounts, so for example: If you are a SKRT.Believer, and also hold 1.5M SKRT, you will receive a 55% discount on Sekuritance's services within the portal. 

“The team has been working non-stop since our official IDO six months ago to refine and perfect the Sekuritance platform and ecosystem to share with our clients and community members. We believe we have created the next stage of RegTech,” said Jonathan Camilleri Bowman, CEO of Sekuritance. “Now, we are ready to invite all users to experience our compliance and anti-fraud solutions all managed under one roof. We are constantly adding new functionality to the Sekuritance platform to help grow the blockchain ecosystem by making it safe for individuals, businesses and agencies.” 

Additionally, the “Token Onboarding” section will feature the “Sekur.Launch” interface to allow users to take part in verified and carefully selected projects that will launch using our proprietary Sekuritance technology. The tested and verified technology has already allowed Sekuritance to launch 25+ public sales, 40+ private sales and has verified well over $80M USD using our KYC/AML Sekur.Transact engine, with third party launchpads. 

In the near future, the $SKRT token will also be included as one of the underlying payment methods for the Sekuritance Product suite and available software applications (outside of other FIAT and Cryptocurrency alternatives). These applications include:

• Sekur.Vault provides card data storage within a PCI DSS environment, card tokenization and/or the encryption of personalised data. 

• Sekur.Auth for agnostic payment gateways for card acquirers to validate 3DS checks before processing payments.

• Sekur.Transact Enables KYC, KYB, KYT, AML, PEP's and Sanction Screening via a single interface or integration

• Sekur.Trace for government agencies, banks, financial businesses, cyber and financial crime authorities to receive insights on where bad actors spend their crypto holdings.

• Sekur.Alert provides transaction monitoring,datasets and analytical results risk scoring.

• Sekur.Certify provides proof of control and ownership of the user's wallet.
  
  

For more information regarding Sekuritance, please visit https://www.sekuritance.com/. To access the Sekuritance portal, users may visit https://portal.sekuritance.com.

###

About Sekuritance

The Sekuritance RegTech provides a single platform for every eGRC need, including end-to-end AML, KYB, KYC, Onchain Analysis, vendor management, beneficiary onboarding, investor check, card processing MFA checks, blockchain wallet checks, cyber-risk assessments, and other RegTech and Business Process Management requirements.

Media Contact: Transform Group, Sekuritance@transformgroup.com

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Bristol, UK , Feb 9, 2022 - (ACN Newswire) - Hector Finance has launched its much-awaited stablecoin named TOR that will play a key role in the overall Hector ecosystem. TOR stands for Tyche Owned Reserve. According to Wikipedia, Tyche was the governing tutelary deity who oversaw a city's wealth and prosperity, as well as its fate. She is the daughter of Aphrodite and Zeus or Hermes in Greek mythology, and her role at the time was to deliver messages to humans about external occurrences beyond their control. Tyche is the Greek goddess of luck, chance, providence, and fate.

Terra, one of the most successful algorithmic stablecoins in the space, is the inspiration behind TOR. TOR has the goal of making $HEC more deflationary while also providing the Fantom chain with its own algorithmic stablecoin.

TOR is a new ERC20 coin that can only be created by burning HEC. The HEC pricing oracle, built with Time Weighted Average Price, can be used to swap TOR for newly minted HEC. Oracles are an important part of any stablecoin's base functionality. In the context of blockchain technology, an oracle is a mechanism designed to supply data to smart contracts. In general, a Stablecoin is only valued and trusted if its price remains constant. The price of TOR is $1. What kind of 'backing' does it have? TOR's backing is made up of two layers:

• Smart-contract algorithms and the HEC/stable LP
• The $100,000,000 Hector Finance Treasury

Hector Finance will enable yield farming for the TOR/Stablecoin Curve pools. These pools will help with HEC trading, which we'll go through in further detail in a subsequent article. The gains from Hector Finance Treasury Investments and HEC's emission plan will generate the yield. We aim to provide an APY of at least 20%, making TOR yield farms competitive in the market and providing the most consistent yield farming on the FTM chain.

How does TOR work?

The Hector utility coin (HEC) is the TOR Stablecoin's counterpart. Hector's price rises when demand for TOR rises, according to supply modulation. The primary mechanism for keeping pegs in place is expansion and contraction. TOR's stability is ensured via a simple swap mechanism: at any time, 1 TOR can be switched for 1 dollar's worth of HEC. If the value of TOR falls below $1.00, buyers can purchase it and use the method to redeem it for $1.00, allowing them to profit. Demand for TOR rises when buyers do so, causing the price to rise again until it reaches $1 USD. These financial incentives function quickly to keep TOR stable.

Since Hector Finance owns the majority of HEC/DAI, HEC/USDC, and HEC/frax, sufficient liquidity is ensured when a TOR redeem operation occurs. Despite the existence of a curve pool as "Layer 0" for shifting TOR back and forth, it is still needed to mint/redeem on a much less frequent basis. The price of HEC will (slightly) increase or drop as a result of the mint/redeem at Layer 1. Although the price of HEC has no impact on the minting/redeeming of TOR in Layer 1, if the price of HEC drops more than expected/wanted, the Hector Finance treasury will be used to stabilize the value of HEC through buybacks and burns.

Hector Finance's goal of combining the rebase model with enhanced scarcity will be made possible thanks to TOR. Deflation is the ultimate goal. Because TOR can only be minted by burning HEC, the demand for HEC rises as well. TOR will soon be available for use as collateral in Hector Bank, the decentralized lending and borrowing network built by Hector Finance in partnership with Ola Finance. When TOR is deposited into the lending pool, an oTOR token is provided to the supplier, and the oTOR bears all of the lending interest.

The Road Ahead for Hector Finance

Hector Finance aims to bring as much value to the $HEC token as possible. The project's main goal is to achieve zero inflation so that everyone's share of the pie grows over time. The supply will eventually be lowered to the point where it reaches a number that allows for sufficient burns while also providing competitive rewards. What steps will it take to become deflationary? They will mix the best of both worlds: a rebase project with a competitive APY (in comparison to farming and node projects), as well as an extensive ecosystem of utility to boost the HEC token's value.

The demand for the HEC token will rise as the token's utility grows. With the addition of utility to the token, APY becomes less essential over time, as the value of purchasing the token is now a combination of APY rewards and price increases due to demand and burns. Hector's project revenue is deposited into the DAO Wallet, with excess funds going into marketing, development, salaries, and, most importantly, buybacks and burns.

To learn more about Hector Finance visit Hectordao.com

Social Links
Twitter: https://twitter.com/HectorDAO_HEC
Telegram: https://t.me/hectorDAO
Reddit: ​​https://www.reddit.com/r/hectordao/
Youtube: https://www.youtube.com/c/HectorDAO
Instagram: https://www.instagram.com/hectordaohec/
Medium: https://medium.com/@HectorDAO
Discord: https://discord.gg/hector
Github: https://github.com/HectorDAO-HEC
TikTok: https://www.tiktok.com/@hector_dao
Buy HEC on Fantom: https://docs.hectordao.com/how-to-buy/for-users-already-on-the-fantom-network
Buy HEC on FTMScan: https://ftmscan.com/token/0x5C4FDfc5233f935f20D2aDbA572F770c2E377Ab0

Media Contact:
Brand: Hector Finance
Name: Henry Davis
Mail: team@hectordao.com
Website: https://hectordao.com/

SOURCE: Hector Finance

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