What Is Hedron (HDRN)?
Hedron (HDRN) is a collection of smart contracts that live on the Ethereum and PulseChain blockchain(s). builds on top of HEX to allow stakers to mint and borrow HDRN tokens against their active HEX stakes. also allows stakers to trade their HEX stakes as NFT tokens on any compatible NFT marketplace. has no admin keys and no kill switches. Just like HEX, Hedron is completely decentralized with zero counterparty risk.
Hedron (HDRN)analyzes a HEX stake and allows the staker to mint or borrow HDRN based on the amount of shares allocated to their stakes. If a staker emergency unstakes or otherwise ends their stake before minting their HDRN, they will no longer be able to mint HDRN against those stakes. Instanced (HSI) HEX stakes with active HDRN advances cannot End Stake until the advance is paid in full (Good Accounting can still be used).The maximum amount of mintable or borrowable days is equal to the full term of the stake.
Hedron (HDRN) Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Hedron |
| Short Name | (HDRN) |
| Circulating Supply | N/A |
| Total Supply | 58,972,752 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Hedron Benefits the HEX ecosystemby further incentivizing staking.
To mint the largest and most consistent amounts of HDRN, stakers will have to stake larger quantities of HEX for longer periods of time.
The Hedron Minting Factor
HDRN is minted 1:1 in relation to a particular HEX stake’s allocated amount of B-Shares (one billion shares). Stakers can mint this amount once per day served within a stake. This can be done once per Hedron day, at the end of a stake, or at any arbitrary point(s) in between. Various bonuses are available which only apply to minting, such as the Launch Phase and AMR bonuses. There are no obligations for minting, if you have a HEX stake you can mint HDRN with no risk to your stake.
The Tradable Stake Factor
With Hedron, new HEX stakes can be created and wrapped inside a single use smart contract. This is something we call a HEX stake instance (HSI). These contracts can be “tokenized” which mints the user an HSI NFT token that can be traded on any compatible NFT marketplace and later “detokenized” to give the new owner control of the HEX stake. Instead of stakers Emergency End Staking their stakes and dumping the HEX price, they can trade those stakes to other users who wish to hold them.
The Hedron Borrowing Factor
Users with HEX stake instances (HSI) which are not tokenized are able to borrow HDRN tokens which may be highly tax advantageous to the staker. While minting requires the staker to have served days within the stake in order to mint, borrowing will mint all available HDRN regardless of served days in one lump sum. HDRN advances are between the staker and contract directly, no third parties. All payments, including premiums, are burnt by the contract. No party directly benefits from a HDRN advance aside from the staker. Bonuses do not apply to HDRN advances.
The Liquidation Factor
Hedron advances which go into default (90 or more days without repayment) can be sent to auction by any other user of the Hedron protocol. When another user wins the auction by being the highest bidder, they will be able to claim the HEX stake used as collateral for themselves. The original borrower can bring themselves current with their payments at any point before their advance is brought to auction to prevent this. Hedron is designed to prevent liquidations by allowing users to pay in advance, or by allowing full payoff of the advance.
The Staker First Factor
The only way to obtain HDRN directly through the contract is to mint or borrow it against a HEX stake. There is no way to directly “buy” or exchange any other currency for HDRN. That being said, third party tools like Uniswap or PulseX could be used to obtain HDRN without staking.
The Hedron Bonus Factor
For the first 100 days of Hedron’s launch there will be a launch phase bonus. This bonus starts as a 10x multiplier, decreasing by 1x per 10 days of the phase. There is also an advance to mint ratio (AMR) bonus to help ensure at least 50% of the HDRN supply is freely minted rather than borrowed. These bonuses apply only to minting.