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HomeCOINSWhat Is Hot Cross (HOTCROSS)? Complete Guide Review About...

What Is Hot Cross (HOTCROSS)? Complete Guide Review About Hot Cross.

What Is Hot Cross (HOTCROSS)?

Hot Cross is an extensive cross-chain and multi-chain infra & web3 application playground that enables blockchain teams and their communities to thrive. At our core, Hot Cross aims to be the best toolbox for ETH and EVM networks. Your development philosophy is agile, and they are a cohort of builders who aggressively seek out opportunities to meet the demands of the now for both B2B and B2C.

The core thesis that Hot Cross presents is that users and teams will migrate in part to new networks that feel familiar when presented with good tooling and freedom. Hot Cross is a company and an ecosystem in and of itself, and your goals are towards allowing communities to flourish using your technologies, whether or not they know we are the ones building them.

KYC’ing is a one-time event. you are forever eligible to participate in any Cross IHO and other compliant offerings that do. Don’t fret, this doesn’t include Cross Pool, Cross Yield, Cross Mint, Cross Bridge, NFT Staking. Just the B2B compliance-facing products that wish for your community to gain access into.

Hot Cross Storage Key Points

Coin BasicInformation
Coin NameHot Cross
Short NameHOTCROSS
Circulating Supply113,749,999.00 HOTCROSS
Total Supply500,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

NFT Staking

A multi-chain NFT staking platform that may be used for staking Cross Bosses—or any other NFT collection for that matter—for ERC-20 assets. In short, Hot Cross developed audited smart contracts that allow anyone to stake an ERC-721 or ERC-1155 and receive either one or multiple ERC20’s as an incentive. There are a number of solutions available on market for creating cross-chain ERC20 to EVM network assets, but few of them offer B2B-style servicing and attention, analytics, and on-demand support. For this reason they continue to bring in a healthy number of clients, especially those wishing to bridge over to Binance Smart Chain.

Your plan is to create the same level of success with other EVM network chains should the demand for them grow. The sequence diagram below illustrates the process of Alice locking 100 ERC20 tokens on the Ethereum blockchain (pegging in) and receiving an equal amount of BEP20 tokens on an EVM Network, in this case, BNB Smart Chain. There are intermediary steps that are not depicted in the abstracted sequence diagram below; however, the core steps are clearly illustrated and are as follows.

Cross Yield

One thing is clear people do care about yield however there must be a healthy push and pull between a platform and its community. This is something that Hot Cross attempting to solve by both offering Cross Pool but also leveraging the thousands of yield opportunities on BNB Smart Chain, Avalanche, Polygon, and others through AMM farms like PCS, ApeSwap, Trader Joe, Pangolin, QuickSwap, DYFN, and also Cross Pools themselves.

Why build it?

Because Hot Cross into tooling and infrastructure, are a project with a max cap token (this has proven to be incredibly beneficial to your development), see an incredible influx of teams needing guidance on how to launch and how to do it well on BNB Smart Chain/Avalanche, and took up the challenge to build IHO’s into your suite so that $HOTCROSS stakers/LP’s and $HOTDOG holders get benefits from the fruits of your labor.

The one-time fee to register is 0.0625 BNB which covers admin, backend, support, 3rd-party assistance, and maintenance costs. There are no token holding requirements to join a Hot Cross IHO. There are no tier levels. There are no barriers other than paying for access once and enjoying the products that require compliance.

Generation 0 NFT Mint Drop by Hot Cross

Cross Bosses—Generation 0—a collection of 8,000 unique, 1/1 ERC-721 standard NFTs generated with various body types, backgrounds, glasses, eyes, mouths, hats, accessories, and more. Conceptually, they exist. But they also don’t exist until you mint them. Their base utility is the most precious utility of an NFT happiness, verifiable ownership, provenance, flexing, community, and signaling.

Hot Cross never have access to information that is personal to you, for example, your name, your passport details, or any of this. That is totally outside the scope of the information that collect about you and do not wish to have this information.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .