GOLD COAST, AUSTRALIA – 08/02/2024 – (SeaPRwire) – Hectic Labs, a prominent player in the realm of blockchain technology and decentralized finance (DeFi) solutions, has recently introduced Hectic Turkey, a novel cryptocurrency built on the Binance Smart Chain. Standing out as a memecoin, Hectic Turkey seamlessly merges humor and community involvement with the functionalities typically associated with DeFi. This strategic move signifies Hectic Labs’ foray into the dynamic and ever-evolving landscape of digital currencies.
A standout feature of Hectic Turkey is its innovative automated buy-back and burn mechanism. Under this mechanism, 1.5% of each transaction gets converted into Binance Coin ($BNB), contributing to the Hectic Automatic Buy-Back (HABB) contract. Upon accumulating 5 $BNB, the HABB automatically triggers a buy-back of $HECT tokens, which are then sent to a null address. This process aims to influence the token’s scarcity and the overall dynamics of the market.
Regarding token distribution, Hectic Turkey boasts a total supply of 8.8 trillion $HECT. The distribution strategy entails allocating 45% of the total supply to both PancakeSwap liquidity and the presale phase. Moreover, the project ensures the stability and long-term viability of the token by locking 100% of the initial liquidity for a duration of 24 months.
The public presale of $HECT is currently underway on Pinksale, offering an initial rate of 2,378,400,000 HECT per 1 BNB. This presale serves as a crucial component of the project’s early investment phase, aiming to attract early adopters of the token and bolster its market presence.
Hectic Turkey’s development roadmap outlines several key milestones, including its initial launch on PancakeSwap, endeavors to secure listings on esteemed cryptocurrency ranking platforms like CoinGecko and CoinMarketCap, and plans to expand its footprint on various social media platforms and centralized exchanges (CEX). The roadmap provides a comprehensive overview of the project’s trajectory and growth phases.
Distinguishing itself in the memecoin market, Hectic Turkey stands out with its distinctive branding and thematic approach, prioritizing the creation of a community-centric ecosystem centered around its token.
For further insights into the Hectic Turkey token, including its features and the broader vision of the project, interested parties can visit Hectic Labs’ website. Additionally, the whitepaper, offering detailed information about the tokenomics and strategic roadmap, is available for reference at https://hecticturkey.com/wp-content/uploads/whitepaper.pdf.
To foster community engagement and provide timely updates, the project maintains an active presence on Discord and Twitter.
About Hectic Labs:
Headquartered in Gold Coast, QLD, Australia, Hectic Labs specializes in blockchain technology and DeFi solutions. With a steadfast commitment to innovation in the digital currency space, Hectic Labs endeavors to develop and promote products leveraging blockchain technology. Hectic Turkey, its latest venture, represents an entry into the memecoin market, characterized by its unique theme and community-centric approach.
Media Contact:
Contact Person: Bryan Legend
Website: https://hecticturkey.com/
SOURCE: Hectic Labs
The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.
Sectors: Top Story, Corporate News
SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in different languages, including: IndonesiaFolk, IndoNewswire, SEATribune, IDNewsZone, LiveBerita, DailyBerita, TaiwanPR, SinchewBusiness, AsiaEase, BuzzHongKong, SingapuraNow, TIHongKong, TaipeiCool, TWZip, AsiaFeatured, dePresseNow, THNewson, KULPR, VNFeatured, MENAEntry, HunaTimes, DubaiLite, ArabicDir, BeritaDaring, TekanAsia, JamKopi …