# Introduction to Hectagon An investment solution for retail investors to capture the growth of Crypto market ### **Yes, it’s still early** The Web3 industry is experiencing unprecedented growth and innovation, yet this is still the beginning. The whole crypto market value is around 1.2 trillion USD as of 2022, though reports suggest that this number will further increase to reach 32 trillion USD by 2027. {% embed url="" %} There are trillions of wealth is waiting in Crypto {% endembed %} In the recent State of Crypto 2022, done by A16Z, their data suggests that based on the number of users and the trajectory of its growth, the Web3 market is at the equivalent state of Web2 back in 1995, about 10 years out from when the internet reached 1 billion users and Web2 really took off. {% embed url="" %} We are early in the 'price-innovation' bought by Crypto of which impact is revealing to the real world {% endembed %} This implies a lot of future value gain for early investors in the web3 business, and the best is yet to come. ### Everything is stacked against individual investors But for the majority of individual investors, this information isn’t relevant to them because just like with Web2, early investments in Web3 are mostly exclusive to Venture Capitals, and you need to be already wealthy to be able to participate in Venture Capital. {% embed url="" %} Wealthy individuals/institutions put money into Venture Capital to expect a 25-30% annual return. {% endembed %} A decentralized future built on a foundation of centralized funding just doesn’t sound right when technology is available for a decentralized funding platform to work and bring exclusive seed-stage investment opportunities to individual investors at no barrier of entry. ### Hectagon is the solution In the next few articles, the Hectagon team will propose on: What we see as the barrier of entry into a good investment opportunity for individual investors (Why does Hectagon exist?) {% content-ref url="/pages/lF8x25kyXhBuJPKKaMEd" %} [Why does Hectagon exist?](/introduction-to-hectagon/why-does-hectagon-exist) {% endcontent-ref %} How does Hectagon solve these problems and bring value to our community of investors? {% content-ref url="/pages/k4g63aNeb7CDPha2xWpn" %} [Hectagon solution for retail investors](/introduction-to-hectagon/hectagon-solution-for-retail-investors) {% endcontent-ref %} How does Hectagon solution benefit Web3 projects? {% content-ref url="/pages/5X7XSfPkV5vnxhxZVHhL" %} [Hectagon solution for Web3 projects and partners](/introduction-to-hectagon/hectagon-solution-for-web3-projects-and-partners) {% endcontent-ref %} The protocol we design is meant to be simple to start and simple to use. It is as easy as holding our native token, HECTA. # Why does Hectagon exist? Discussion of Opportunity and Problem of investment for retail/individual investors ### Opportunity Building wealth is something that everyone needs, and it is well known that wealth cannot be built through savings. You need to save for rainy days but the money you save will just eventually lose all its value due to inflation. To grow your wealth, you need to put what money you have left after saving to work through investing. If we look at returns on investment in different markets. **The stock market** is arguably the easiest market to get into for any individual investor. Across the period of 1990 to 2022, the market can give investors a 10% ROI quite consistently, and over this period, investors can get a CAGR ([Compound Annual Growth Rate](https://www.gartner.com/en/information-technology/glossary/cagr-compound-annual-growth-rate)) of 7.89%. That’s pretty good. You can find the raw data [here](https://docs.google.com/spreadsheets/d/1k8Ue3LRmv59I7TcsumgKMLMX4ll6T53l5WTnij3cMjg/edit#gid=0). ![The market give investor 7.89% CAGR quite consistently and over the period of 1990 to 2022](/files/vq0uvBWq3Vjou9CCEJ44) However, if we look at the performance of **Venture Capital** (VC) across a similar period, we can see that VC can consistently give investors more than 20% ROI per year, which is 3 times more than what the stock market can provide. You can find the raw data [here](https://docs.google.com/spreadsheets/d/1vjJhoasGophaLN3n_yRnnWAVRUd9YedAKIodTMoX8DM/edit#gid=0). ![Venture Capital give investors 20% ROI per year, 3 times stock market provide](/files/mzrjZUZXBLdZGdUVwTOC) Moreover, if we look at the data from CoinMarketCap, taking the price of all tokens tracked by the site on the first day they are listed and comparing it with the new price every 6 months. Investors can generally expect 15-20x returns over the period of 7 years for a simple investment strategy of going to CoinMarketCap everyday and just buying every new token that gets listed equally. ![Investment in Crypto returned 15x-20x over period of 7 years](/files/0mctVb8jJqM7w7oK6S1E) ### Problems This seems like the opportunity to invest and making crazy returns is everywhere, but of course, nothing is as simple as it seems. 1. Venture Capital isn’t going to take money from just anyone. To start investing with VC, you need to be an accredited investor (a.k.a., an already wealthy individual). Without investing with VC, retail investor can also say goodbye to any opportunity to invest in seed round of companies where the great returns is generated. 2. Between juggling a full-time job and family responsibilities, it is impossible for an individual investor to stick to a consistent investment strategy, even if it is just as simple as going on CoinMarketCap every day to see the new listed tokens and buying them. Without being able to stick to a consistent strategy, investors usually lose out on most of their gains. Take a look at the chart below: ![Consistency brings the best returns, yet it is super hard for individual investors to do this](/files/0VDKytCxpNTU1VbnkAaN) Between 1990 to 2022, the CAGR of the DOW Jones is 7.89%, that is 389 months. But if investor just misses out on the 6 best months, the CAGR drops to 6.17%; If investor misses out on the 12 best months, the CAGR drops to 4.78%. That might not sound like a lot, but the thing is, this rate is compounded. So just this small drop in overall CAGR will make the investor lose out on 40.31% and 60.81% of their gain respectively. That is a steep price to pay for just missing out on 3% of the time. ### Conclusion At the end of the day, investing isn’t a way to get rich quick; it's a way to put the extra capital you have left after living costs and savings to work to generate more capital consistently over a long period of time, regardless of how much you have to start with. The beauty of investing is that once you put that capital to work, it will just keep working and generating more capital for you without you needing to pay much attention to it. In the next chapter, Hectagon will propose a solution that allows individual investors to consistently benefit from seed investments into Web3 projects. Why Seed investment and why Web3? That’s easy: 1. Seed investment is the round before the public token round where investors are guaranteed to always make a better return than the public. 2. Web3 because crypto has given the best returns in the last decade, while the cycle of development of Web3 is still at an early stage, the majority of future growth is still to come. # Hectagon solution for retail investors Hectagon offers a no entry barrier, peace of mind investment solution to capture Crypto Growth So where does Hectagon fit into all this? So far we established that: 1. There are barriers upon barriers stacked against the individual investor in getting into the best investment opportunities and keeping to a consistent investment strategy. 2. Seed investment is where investors are guaranteed to always make a better return than public. 3. Crypto has given the best returns in the last decade, while the cycle of development of Web3 are still at the early stage, majority of future growth is still to come. To solve these problems, Hectagon needs to be a platform that: 1. Give direct and indirect access to investors in seed investment opportunities. 2. Easy to start, easy to use. 3. Flexible to exit as needed. 4. It can be scaled to fit both passive and active investors. ### For retail investors Hectagon is an investment vehicle co-owned by the Hectagon team, our investors, and the community. And everything is tied together by the protocol's native token, HECTA. Hectagon allows users to participate in voting to dictate how the protocol will run in the future. Hectagon is led by a team of experienced entrepreneurs and venture capitalists who have consistently proven their capability of finding and getting into good seed investment opportunities in both Web2 and Web3. ![Reviewed 112 projects, invested in 22 deals which deliver 1,351% returns on All Time High and 145% returns in the Bear market](/files/Z3j3FXXmr3xWWQC9QzN8) ![Reviewed 3,000 investments, invested in 90 deals, accelerated 180 startups and deliver IRR of more than 30% across multiple funds](/files/Rxfj5hXPOFdwmTZyOHq8) {% content-ref url="/pages/2In6qvFh2gcSgyF87qMC" %} [Broken mention](broken://pages/2In6qvFh2gcSgyF87qMC) {% endcontent-ref %} HECTA tokenomic is designed so that 85% of all token supply is allocated to the community. This allowed Hectagon to work toward a decentralized governance structure and allowed as many people to participate in the protocol as possible. * We propose that 20% of all HECTA token will be available for public sale, and the revenue will be used to buy the seed and private rounds of other Web3 projects. * 65% of all HECTA tokens will be distributed to Hectagon’s community based on their contributions. To make sure the circulating supply of HECTA tokens is managed responsibly, the distribution of these tokens is done through series of campaigns that can be proposed by the Hectagon team or community members and approved by Hectagon’s DAO. These campaigns will generally reward community members for the following actions: * Staking tokens, staking signifies that the holder is planning to keep their tokens for long term and helps keep the token price stable through limiting the selling pressure. * Referring good investments opportunities to the Hectagon’s Investment Portal. * Actively screening for good deals on Hectagon’s Investment Portal and making investment recommendations for the Treasury. * Actively promote, provide service, advice, or mentorship to the projects that Hectagon’s Treasury invests in to help them grow. * Promote Hectagon protocol With this tokenomic design, Hectagon aligned the interests of everyone, from the retail investors who just want to put their disposable income to work and grow over time, to the contributors who want to actively participate in the process of growing businesses. HECTA token allowed for everyone's contribution to be recognized, credited, and rewarded accordingly. So the coming together of the whole community to invest, support, and grow Web3 businesses is all well and good, but how can a community member exit from Hectagon when needed. Easy, there are 2 options that any community member can take at any point. * **Option 1:** Sell their HECTA tokens, as outlined above, HECTA tokens are created when community members take an action that positively influences the growth of Hectagon’s treasury, the treasury serves as a rising floor, pushing up HECTA. So selling HECTA is the quickest and easiest way to exit to stable coin. * **Option 2:** Break-off Hectagon’s treasury. gHecta tokens allow the users to track how much of each asset in the Hectagon’s treasury that they are entitled to claim. So when a user wants to hold the underlying assets rather than hold gHECTA, that user can exchange their gHECTA with the treasury to mint a Treasury’s NFT that will allow them to withdraw their portion of all the underlying assets. The user can freely trade this NFT on any NFT market place, or they can withdraw the underlying assets to sell. In conclusion, any retail investor can participate in Hectagon by buying the HECTA token to start participating passively in the seed and private investments of Web3 projects. More active investors can make further contributions with their knowledge and efforts to grow these investments and receive rewards for it. The following section goes more in-depth into the HECTA token, which also creates an advantage for Hectagon in competing for good deals and adds value to the project we are investing in. # Hectagon solution for Web3 projects and partners ### The Tokenomic that promotes value add from community to projects The thing to note about the distribution of HECTA is that for every 1 HECTA sold, 4.5 HECTA is hold in reserved to incentivized value add from the community to that project. ![The Tokenomic that promotes value add from community to projects](/files/KZEuKwFgfPAmCSWNEAAf) At first, this can seems like an overkill in value-add incentives, however: 1. It didn’t take a lot of money to seed fund for a startup project. In most cases, projects didn’t start raising 10 of millions of dollars until they are already proved their initial traction and already long pass their seed round. 2. At early stage, the hardest problems projects face usually can’t be solved with money, it takes founders’s ingenuity, good advisory, mentorship and community network effect to solve them. As the saying goes: > **It takes a village to raise a child** For any startup project at early stage, the list of work need to be done include: * Forming an idea * Build a prototype * Market test the prototype * Build the core team * Fundraising * Build the product * Go to market The list is daunting enough as it is, however, for Web3 projects, they also need to add the following things to the list. * Design the token: tokenomic, utility… * Build a community * Promote the token * TGE It is a whole new facet of the business that isn’t existing before. It does take all the effort of the founding team, the investors, the users and communities just to have a chance at building and launching a successful new startup project. So by reserving a large proportion of token to recognize and reward people, communities, partners and co-investors who can: * Introduce good, pre-screened projects to Hectagon * Actively participate in screening for good projects for investment * Provide advisory, mentorship to the projects * Promote the projects * Provide freelance work for projects * Becoming users and active contributors in the community of project Hectagon investing into. It create a better ecosystem for the projects and Hectagon’s community. Hectagon team strongly believe we are only the one that kick start this idea and gradually the community (with much better resources and talents) will take over Hectagon. # HECTA * **Ticker:** HECTA * **Contract:** [0x343915085b919fbd4414F7046f903d194c6F60EE](https://bscscan.com/token/0x343915085b919fbd4414f7046f903d194c6f60ee) * **Chain:** Binance Smart Chain (BSC) ## The Basic HECTA token is the gas that allows Hectagon protocol to run in perpetuity. It has 2 design principles: * 100% of Hecta token are minted automatically by the protocol when and only when value is contributed to the protocol * Most token supply is designed to give value to public token holders HECTA token's total supply is annually planned with the first year total supply is 20,000,000 tokens. Hectagon DAO will decide on the specific number, depends on various factors such as how much DAO can raise fund, how much DAO can investment and the quality of investments. ## In Detail Public investors will hold HECTA while team and private investors will hold pHECTA and tHECTA. Check the links below to see how those tokens works. {% content-ref url="/pages/GoiUa4C2y9uKxc8adZTH" %} [HECTA tokenomics](/hecta/hecta-tokenomics) {% endcontent-ref %} {% content-ref url="/pages/eJf0pPCrNfIfVoMIQzPA" %} [How pHECTA and tHECTA works?](/hecta/how-phecta-and-thecta-works) {% endcontent-ref %} # HECTA tokenomics The Hecta token is the ‘proof of value contribution’ in building and growing Hectagon protocol. HECTA token don't have any private sale, 100% of the tokens will be minted by the protocol to reward contribution of community, team and investors. ![Most Token supply is designed to give value to public token holders.](/files/CXZCCaY4pPiSYPidAbYd) **At minimum, 85% of HECTA token** is automatically minted by the protocol whenever users: * Buy Hecta * Contribute value-added activities to grow Hectagon and its portfolio. * Stake HECTA to keep the protocol stable. **At maximum, 15% of HECTA token** is automatically minted by the protocol to reward contribution of team and the investors building Hectagon. At the beginning, the plan for HECTA total supply is in the following tables: | Time | New supply\* (HECTA) | Max Supply\* (HECTA) | | ------ | -------------------- | -------------------- | | Year 1 | *20,000,000* | *20,000,000* | | Year 2 | *80,000,000* | *100,000,000* | | Year 3 | *120,000,000* | *220,000,000* | | ... | *DAO voting* | *DAO voting* | *\* The actual number might change subjected to DAO voting.* This constraint is reflected in Hectagon source code by a maxMint variable which can be changed through DAO voting. # Use of HECTA token \- Stake to earn rewards- 1. Stake to earn reward 2. Pay transaction fee for services by Hectagon protocols # How pHECTA and tHECTA works? A mechanism to balance the right to mint HECTA of investors & team and the stability of HECTA's tokenomics ### 1. Burn mechanism pHECTA and tHECTA are 2 tokens that rewards to investors (pHECTA) and team (tHECTA). There are maximum of 50,000,000 pHECTA and 50,000,000 tHECTA in circulation. Each pHECTA or tHECTA can only be burnt to mint a HECTA if the following conditions are met: * pHECTA/tHECTA owner must transfer 01 BUSD to the treasury for each newly minted HECTA. * There are less than 10% of circulating HECTA had been minted through pHECTA. * There are less than 5% of circulating HECTA had been minted through tHECTA. Put simply, investors and team must commit to the vision of Hectagon until its total supply of HECTA reaches 500 million - 1 billion tokens. ### 2. Governance power At 50 million tokens active. pHECTA holders collectively have 25% governance power of the DAO. As the network grows and pHECTA holders burn their pHECTA, the total governance power of pHECTA will dwindle and giving back the power to HECTA holders. ### 3. Token information 1/ pHECTA * **Ticker:** pHECTA * **Contract:** [0x33218297D315fC70E1520e292CA88348b648bf15](https://bscscan.com/token/0x33218297D315fC70E1520e292CA88348b648bf15) * **Chain:** Binance Smart Chain (BSC) 2/ tHECTA * **Ticker:** tHECTA * **Contract:** [0x459F18859399e3178CE1E74F0c4a791eAEe13bEE](https://bscscan.com/token/0x459F18859399e3178CE1E74F0c4a791eAEe13bEE) * **Chain:** Binance Smart Chain (BSC) # How gHecta works? * **Ticker:** gHECTA * **Contract:** [0x7d31ed03c2442f9ffc4f22d90772ee1f32fa9b0d](https://bscscan.com/token/0x7d31ed03c2442f9ffc4f22d90772ee1f32fa9b0d) * **Chain:** Binance Smart Chain (BSC) ## 1. What is gHECTA? gHECTA is the governance token of Hectagon. gHECTA enable its owner to: * Vote on [Snapshot](https://snapshot.org/#/hectagon.eth) * Burn gHECTA (along some additional HECTA as fee) to acquire project tokens * Receive staking reward * Unstake to receive HECTA ## 2. How gHECTA enable user receiving staking rewards? To calculate the number of HECTA that gHECTA owner can use this formula: **`Number of HECTA = Index * Number of gHECTA`** Index is a number which increases after every epoch. The difference between Index of 2 consequence epoch represents the staking rewards for gHECTA owners. ## 3. How to acquire gHECTA? There are 2 ways for user to acquire gHECTA: * Buying HECTA with discount and vesting terms from Hectagon website or smart contract. * Staking HECTA in Hectagon website or smart contract to receive gHECTA. # What value Hectagon bring to Projects? ### No more token dumping risks Unethical “pump and dump” schemes are not in our investment strategy playbook. We make investments into projects because we believe in their vision, mission, and longevity, not because we expect to gain quick profitable wins. That’s why we develop Smart Contract Investment, which locks away projects’ tokens for a long period of time in the treasury and allows us to follow the anti-dump policy and focus on our full trust in the longevity and substantial growth of the projects. ### Sustainable value * We know products take time to be validated and to find market fit. Token lockup shows our commitment and patience in the product development process, and helps founders to focus on what truly matters. During this period, we can further evaluate the progress of the project and how serious the founding team is in really pursuing their mission in the long run. * We care about the projects’ early retail investors. We want them to really use the product, appreciate the project’s value proposition, and engage in a strong community that constantly gives feedback and contribution to the growth of the projects. That’s why we want to protect them from large price fluctuations and allow them to have time to use the platform and benefit from it. ### Access to Hectagon's KOL network and user base Hectagon has a current network of over 300 reputable global KOLs and communities who are willing to partner with potential projects on marketing and business development. Our user base is growing very fast and is expected to have very high engagement due to our unique tokenomic which is designed to recognize and incentivize our community members effectively. A large pool (45%) of Hectagon tokenomic is reserved for rewards to Hecta holders’ contribution to the protocol and our portfolio projects. Any portfolio projects can leverage our strong user base and influencers network by partnering with us to create rewards campaigns to incentivize them to be a part of your community and contribute specific values to your projects. Normally, the rewards will come from both Hectagon and the projects, which makes it much more appealing for participants compared with any other incentivizing programs currently in the market. There are many use cases for us to be creative with the rewards campaigns design, in any subject that matters to the community growth of the projects, such as community engagement, KOLs endorsement, increasing investors conversion rate, increasing long-term holders ratio, etc. ### Learn to BUIDL from the best, pick the brain from the world-class experts There is not much documentation out there guiding you on how to build a Web3 startup. How to build a minimum viable community? How to design tokenomics? What does the token holder's journey look like? What’s the difference between scaling a Web2 and a Web3 startup? How to run a DAO?... Since Web3 is relatively new and there’s no guaranteed formula to win; and new models, new concepts, and new trends… are exploding every day, it’s not effective for your learning resources to be centralized in only some backers or advisors. Hectagon provides a full suite of access to a decentralized network of hundreds of global advisors and experts who are proven entrepreneurs, investors, c-level executives, and experts… in all markets and aspects of building a Web3 project and a sustainable business in general. They are incentivized to get on board and engage as contributors in Hectagon DAO. How the learning formats look like: * **Web3 Startup Masterclass:** With nearly 10 years of experience in intensively accelerating and training over 300 Web2 startups from 9 countries, we understand deeply what mindset, practical knowledge, experience sharing, and weapons are needed for startups to be successful in pursuing their mission in the long run. Having venture-invested in nearly 30 Web3 projects in strategic/seed rounds and advised another 50 more, and especially, being Web3 founders ourselves, we leverage those hands-on experiences to design a Web3 Startup Masterclass program - a well-structured pre-recorded program on how to run a Web3 startup. We will partner with world-class, reputable entrepreneurs, investors, c-level executives, and experts… as the program speakers and coaches. This program is available for any startups in our pipeline to get access to and learn from the best. We aim to set the same mindset and fundamental knowledge for any Web3 entrepreneurs out there, regardless if they are selected to be our investees or not. * **Golden 1-1 Office hour:** Fundamental knowledge is a good starting point, but it’s not good enough for you to take off. You need to get connected and have deep mind-blowing conversations with accredited and well-respected advisors in high-level business strategy as well as specific matters of your business, such as tokenomic, go-to-market, liquidity, governance, etc. We are working towards our plan to onboard 300 world-class advisors who are willing to get matching and sit down 1-1 during Office hours with our Web3 startups. This program is only available for our investees since we need to ensure the quality of the startups before connecting them with our advisor's network. ### Trusted Companion High-quality deals pipeline and win-win rewards mechanics for partners will be our unique advantage to aggressively build the biggest effective business network by partnering with exchanges, Defi protocols, and custody providers, such as launchpads, exchange, listing, AMM, wallets, payment networks... These partners will be connected with portfolio companies based on their demands and Hectagon DAO proposal if yes. By partnering with them, we can help startups save up their time and increase high chances of closing the deals rather than cold calls or the usual long application process. # How Project can apply? ### Self-application for Web3 projects You have a chance to receive funding and tap into our growth protocol by self-applying through Hectagon Investment Portal. All you need to do is fill in the application which seeks for your information on: * General information * Project overview * Team * Tokenomics * Market and Competitions * Go-to-market * Pitchdeck, whitepaper * Fundraising proposal We will let you know if you pass the application screening round. Afterwards, you will get informed by our investment team about the due diligence process and the interview schedule. The whole process normally takes less than 2 months, though for some peak time with too many applications, it may take us a little bit longer. ### Refer a potential Web3 project to Hectagon Are you a VC? An angel investor? An advisor? Or simply a friend of a Web3 founder? Whatever role you are, you are more than welcome to introduce a potential Web3 project to Hectagon to review. And as a contributor to Hectagon, you will get some rewards in return. Learn more about the campaign: . Please keep in mind some of our criteria for potential deals as below: * Stage: strategic/private/seed * Market: DeFi, GameFi, Infrastructure, SocialFi, HealthFi, SportFi, Other (wallet, exchange, NFT, DAO tool, launchpad, insurance…) * Chain: Any (though we do favor Ethereum, BSC, Solana, AVAX, Aurora) * Geography: Any If you have a frequent quality deals pipeline (at least 3 deals per month) and want to sign up into our network as an official Venture Partner, please contact us through . # Overview Explanation of every components in Hectagon ![Overview of Hectagon Product](/files/PwIG6zgjABFDK0jKGcGA) Hectagon product contains 4 main systems that user can interact with: * **Hectagon Treasury:** Whenever user buys $HECTA from Hectagon, those tokens will be put into the Investment Fund. Whenever Hectagon makes an investment into a project, the project's tokens will be put into Hectagon Treasury. The Policy team will be in charged with managing the Treasury. * **Governance System:** $gHECTA, [pHECTA and tHECTA](/hecta/how-phecta-and-thecta-works) holders can propose and vote for changes in how the system works. Most activities will be taken place in Hectagon's [forum](https://forum.hectagon.finance/) and [Snapshot](https://snapshot.org/#/hectagon.eth) space. * **Hectagon Investment Portal:** This is the place where all deal pipe-line happens. Everyone can tips Hectagon will potential deals, join project screen process and receive some form of rewards. * **Hectagon Reward System:** Sending money to projects is the easiest part of investment process. In Hectagon, we vow to support projects by provide critics, early adopters and even builders. All of this happens through a reward mechanism where project and summit Campaigns asking support from the community. Whoever wins the campaign will receive some form of rewards of which proof will be sealed on-chain. Hectagon also works on many innovative solutions such as Smart Contract Investment, [Redeemable NFT](/ecosystem/hectagon-tiger-tribe) and Bond marketplace. Follow our [Medium](https://medium.com/@HectagonFinance) for regular updates. ### Smart Contract Addresses * **Hectagon Treasury Address:** [0x4059c4a0b8a2B528C4f2E101A3bB8fB169aBa4fB](https://bscscan.com/address/0x4059c4a0b8a2B528C4f2E101A3bB8fB169aBa4fB) * **Network:** BSC # Contracts There are several contracts from Hectagon. Where each contract has its own role. Please make sure that all the contract you use is authentic as below ### Token contract address: #### 1. HECTA \[0x343915085b919fbd4414F7046f903d194c6F60EE] [BscScan ](https://bscscan.com/address/0x343915085b919fbd4414F7046f903d194c6F60EE) #### 2. gHECTA \[0x7D31ed03c2442F9ffc4f22d90772EE1f32fa9b0D] [BscScan ](https://bscscan.com/address/0x7D31ed03c2442F9ffc4f22d90772EE1f32fa9b0D) #### 3. pHECTA \[0x33218297D315fC70E1520e292CA88348b648bf15] [BscScan ](https://bscscan.com/address/0x33218297D315fC70E1520e292CA88348b648bf15) #### 4. tHECTA \[0x459F18859399e3178CE1E74F0c4a791eAEe13bEE] [BscScan ](https://bscscan.com/address/0x459F18859399e3178CE1E74F0c4a791eAEe13bEE) #### 5. Treasury \[0x4059c4a0b8a2B528C4f2E101A3bB8fB169aBa4fB] [BscScan](https://bscscan.com/address/0x4059c4a0b8a2B528C4f2E101A3bB8fB169aBa4fB) #### 6. Pool on PancakeSwap [Address](https://pancakeswap.finance/swap?outputCurrency=0x343915085b919fbd4414f7046f903d194c6f60ee\&inputCurrency=0xe9e7cea3dedca5984780bafc599bd69add087d56) # SmartContract Audit ### HectagonERC20 Contract address: 0x343915085b919fbd4414F7046f903d194c6F60EE. This contract was audited by DAudit. You can find the detail [here](https://github.com/DAudit/Smart-Contract-Audits/blob/main/audit_hectagon_20220803.pdf). # User Manual If you’ve been interested in blockchain market in general and investing blockchain projects in particular, you can join as a part of Hectagon ecosystem today by buying HECTA, staking them and having your own account on Hectagon. This User Manual will guide you through some simple steps for you to have your very first experience on Hectagon and start your journey as early as possible. # 1. Dashboard All the number in this screen is for illustration purpose only ![](/files/xOy7rPDMU7zo745Klziy) Dashboard is a visual display of all of your asset. Go here to view your total asset on Hectagon ### 1. Total Balance Total balance is total your asset. If you only connect and do not sign in then Total Balance only shows the balance of currently connected wallet. If you already sign in, then Total Balance shows the balance of all wallets of the current Account. ### 2. Pie chart The block in the left includes a pie chart which shows all your HECTA and gHECTA (token represents for your HECTA staking ). gHECTA vesting is the gHECTA residing in the Vesting vault. ### 3. Staking Amount: The current gHECTA (HECTA staking) Current APY (Annual Percentage Yield) projects the profit if current reward rate is kept through out the year. However, reward rate is subject to change every 8 hour (epoch) so the Current APY do not totally represent the real profit. Reward: The reward amount you might receive after the current epoch is finished. However, this number will fluctuate with the changes of total staked HECTA. ### 4. The graph Show changes of your total balance over time in USD. This graph is NOT REAL TIME and it is updated hourly. # 2. Invest The easiest way to benefit from Crypto Growth ### **HOW TO BUY HECTA ON HECTAGON** You can buy HECTA straghtforwardly without having an account or KYC following these steps: 1\. Enter 2\. Connect your wallet by select “Connect Wallet” on the upper right of the screen. ![](/files/IxWD36XcCMIgC25pK4hs) 3\. Click “Invest” on the right side of the screen. ![](/files/jiiaBRqQcSw44P5CFNKZ) 4\. Choose discount percentage and vesting time options and click “Buy” to purchase HECTA. ![](/files/IQGL2hgLI6KxL0A8NJ7a) 5\. You can use many kind of popular token to buy HECTA, such as: BUSD, BNB, etc. Enter the amount of money you want to pay to buy HECTA, or click “Max” on the right of the box to choose the maximum amount you can pay at that time. \ Why "Max"? Hectagon deploy a mechanism to allow a small to medium bit of HECTA can be bought at a time thus lower the chance whale take advantage of the protocol. ![](/files/AkuAxHbJjBIHukqlHjLY) 6\. You need to approve Hectagon to use your token in your first time purchasing HECTA. You can use many kind of popular token to buy HECTA, such as: BUSD, BNB, etc. ![](/files/v8yUNWEVWVKrbgbIIPy3) 7\. Next step, please click button Buy ![](/files/VBR5VhUaf5W89SaqOxdD) 8\. Double check your payment details then click “Buy” to finish you purchasing ![](/files/xfztTV3M1ZWg9o3lMnjX) 9\. In vesting time, your HECTA is auto-staked to obtain highest profit. After this time, you can get both HECTA and staking reward in your vesting vault.\ However, when you bought HECTA, the protocol automatically stake your HECTA into gHECTA and you already receive staking reward every epoch (8 hour). You only need to redeem if you really want gHECTA. For gHECTA usage, please refer to this section. ![](/files/3JL4jUHLjyEFmF6aCZCT) ### HOW TO REDEEM gHECTA IN VESTING VAULT 1\. In vesting vault tab, you can follow all the vesting period. After this time, redeem action is enable ![](/files/sLbd4OE1noSjkAmivOG2) 2\. Click "Redeem all" to and then select 1 of 2 option available. ![](/files/4xygNRXHz62njEkgOeRk) If you choose "Redeem and stake" Hectagon continue to stake your HECTA to get staking rewards. The staking HECTA will be shown as gHECTA in your wallet and dashboard. ![](/files/76706vEOeMvz1p6mMIOw) If you choose "Redeem only" Hectagon Move those HECTA to your wallet and stop auto-staking {% content-ref url="/pages/smo9i5VVvXXIOR0NrDpZ" %} [How gHecta works?](/hecta/how-ghecta-works) {% endcontent-ref %} 2\. Enter the amount of HECTA you want to stake or you can stake all HECTA in your wallet by clicking “Max”. Double check the HECTA amount and click “Stake” to finish staking your HECTA # 3. Stake The easiest way to benefit from Crypto Growth ### HOW TO STAKE HECTA? You need to have HECTA in order to exercise staking. Your purchased HECTA from Hectagon’s app will automatically be staked in Hectagon for further benefits. If you buy HECTA from anywhere else, you can still stake your HECTA by following these steps: 1\. Enter connect your wallet and approve Hectagon to use HECTA in your wallet. ![](/files/HozakKADSqeAaqdLYEYZ) 2\. Enter the amount of HECTA you want to stake or you can stake all HECTA in your wallet by clicking “Max”. Double check the HECTA amount and click “Stake” to finish staking your HECTA ![](/files/RNRqPhiNFxIIS0Yx0qac) 3\. After stake successfully, you can check the added gHECTA in your [dashboard](/product/user-manual/1.-dashboard) ![](/files/wsiOnJsRK7XVAfhcNhMg) # 4. Profile ## To create a Hectagon Profile: 1. Go to [app.hectagon.finance ](https://app.hectagon.finance/)and connect your wallet by clicking the “Connect Wallet” button on the upper- right corner. ![](/files/0vHCATIuEOX1aQkFC3Nl) 2\. Enter your new username and click “Sign up” button.\ \ Note: You can only use lowercase letters, numbers and hyphens for your username ![](/files/oMaXRgGANmYursf81KG7) Congratulations, you have successfully create your profile on Hectagon. ![](/files/uQK7RjwfJQbiB36dpx06) #### To KYC: You don't really need to KYC to buy HECTA or participate in most activity in Hectagon. However, completing the KYC enable your profile reach a higher level and potentially receive additional rewards. Specifically, only profiles with full KYC are able to directly invest with the protocol. 1. Click “Profile” button on the left ![](/files/EYTU4Nzse3faGxMhyRaT) 2\. Click the arrow icon on the right of the email row, enter your email address and click “send OTP” ![](/files/kgGILvNOwIPQDstFHTIS) ![](/files/wR484aQEZ9xPPNYFzUav) 3\. Check the “Hectagon Vertify OTP” email we sent you, enter the code of six numbers into the OTP row in the app and click “save” button. ![](/files/G7yxmFrDaXESDfW41Ph5) 4 Click the arrow icon on the right of the fullname row, enter your fullname, your nationality and click “save” button. ![](/files/8xxNFRxujeXokATES11R) ![](/files/fhPPPe7lsi4OdnmjsNWM) 5\. Congratulations, you have successfully complete level 1 “Who you are?” of your profile on Hectagon. 6\. In level 2 “How to contact?”, click the arrow icon on the right of the phone number row, enter your phone number and click “save” button. ![](/files/32o9Vq0PtHq0qsIijNjY) ![](/files/U8nOG6pSGbYk8Fhhaj1o) 7\. Click the arrow icon on the right of the address and more row, enter your address and upload a picture of any kind of paper of yours that have the above address and click “save” button. ![](/files/xR5iTfdz0Og6omxZ71Uj) ![](/files/gSfTfqfNCabBLybTszHa) 8\. Congratulations, you have successfully complete level 2 “How to contact?” of your profile on Hectagon. 9\. In level 3 “Your ID Paper”, click the arrow icon on the right of the Passport/national ID row, upload a picture of your passport with fully visible information OR two pictures of two sides of your national ID card with fully visible information and click “save” button. ![](/files/QHQMAYC0Uvs93JtU7mAU) ![](/files/TN5PJ1w9TTtJp1Nkm1fF) ![](/files/LZwjWlWZSQIUq3XtlZgF) ![](/files/o3Fkrkted9Mo8qd3qhnq) Congratulations, you have successfully completed level 3 “Your ID Paper” of your profile on Hectagon. ## Reward system In Profile, choose the tab "Reward" in order to see all your available rewards. There are available filter conditions such as status, from time to time. The Claim button is disabled if the current date is not the redeemable date If you want to get this reward to your wallet, click Claim button and then Confirm with your Metamask wallet. ![](/files/4akG8fzLecxkkwHpR93N) After claim successfully, you will see the notification as picture below ![](/files/cjhtZYiCA4by9PrucjEh) # 5. Investment Portal First of all, we appreciate that you are trying to give us more amazing options of projects, and together we can benefit from those potential ones. So here are steps that are needed to do if you ever want us to take a closer look to one or some projects: 1. Go to [app.hectagon.finance](https://app.hectagon.finance/) 2. Connect your wallet by clicking “Connect Wallet” button on the upper-right corner. 3. In the “Dashboard” tab, you will find the “Submit Project” to the right of the tab, click it and enter all the information related to the project that are required.
[![Ảnh chụp Màn hình 2022-06-20 lúc 15.07.07](https://forum.hectagon.finance/uploads/default/optimized/1X/7dc6249d2bffbe588ce7d13949a0661877d95a91_2_345x174.jpeg)](https://forum.hectagon.finance/uploads/default/original/1X/7dc6249d2bffbe588ce7d13949a0661877d95a91.jpeg)[![Ảnh chụp Màn hình 2022-06-20 lúc 15.07.55](https://forum.hectagon.finance/uploads/default/optimized/1X/54545ab78709ae979ea924102aa4c9dcdbfed6a3_2_345x173.jpeg)](https://forum.hectagon.finance/uploads/default/original/1X/54545ab78709ae979ea924102aa4c9dcdbfed6a3.jpeg) 4. Click the “Submit” button on the lower-right corner of the pop-up and the project is going to be reviewed by us. [![Ảnh chụp Màn hình 2022-06-20 lúc 15.31.59](https://forum.hectagon.finance/uploads/default/optimized/1X/8f12335b1607fed0d968d117dc6fe399c2a7341d_2_345x173.jpeg)](https://forum.hectagon.finance/uploads/default/original/1X/8f12335b1607fed0d968d117dc6fe399c2a7341d.jpeg)\ Note: You have to fullfil all the required information in the pop up to be able to submit that project.\ If you have more than one project to submit, you can go and repeat the steps 3 and 4. # 6. Governance Only people who sacrificed economic power (e.g: token liquidity) can vote. Thus, only gHECTA, pHECTA and tHECTA holders can vote. However, there are open channels for everyone. You can access Snapshot for onchain voting [here](https://snapshot.org/#/hectagon.eth) . Read more about the mechanism on our [forum](https://forum.hectagon.finance/t/hip01-how-dao-works/93) ![](/files/eqP56oPblSfwZsJtUtEo) 1. **Proposal** Only the operation team can create Snapshot proposal. The holder for gHECTA, pHECTA, and tHECTA processes voting after the proposal is created. ![](/files/5CtXt98gnb1lPA2THuSn) 2\. **Delegate** Users who have the right to vote (gHECTA, pHECTA and tHECTA holders) can also delegate their authority to another address. Click "Confirm" after pasting the address you want to delegate. ![](/files/ZfscI226uek6Fc4JhOud) To stop the delegation from an address, click on button “X” in Your delegation as the picture below ![](/files/Pj3NZj9ggDRutCR9gp9n) # 7. pHECTA holder This is the user manual for only pHECTA holders who can convert pHECTA to HECTA. Please note that you can not do the opposite thing (convert HECTA to pHECTA) This is the contract address of [pHECTA](https://bscscan.com/token/0x33218297D315fC70E1520e292CA88348b648bf15) 1. Exchange tab ![](/files/Bbf74fzU3uU7AsnBw3Tj) * pHECTA claimable: the maximum pHECTA you are allowed to exchange for the time being * pHECTA balance: the available pHECTA on your connected wallet * The amount of pHECTA you want to exchange is equal to the amount of BUSD you need to complete this exchange. * Exchange duration: After this time, you can redeem the transferred HECTA. Follow in “Redeem HECTA” tab 2\. Redeem tab When the period ends, you can Redeem all your HECTA to your wallet. ![](/files/8cQa44pZkM5l9IBdya3c) ![](/files/P5JgMFBivH5onqCWjwBu) # 8. Exit How to buy your new Lambo? Coming soon. # 9. Redeem NFT How to redeem your TigerTribe NFT for HECTA Tiger Tribe is a collection from Hectagon having 999 NFTs, each has 5 different traits with different rarities. In Tiger tribe, all your NFTs are shown in Profile. Choose Profile in header bar to enter this screen ![](/files/5noMRPNQCFVMAakN7EBR) Choose the NFT that you want to redeem and then click Redeem on the detail screen ![](/files/ids4c6wW5vk5MYa1Mikt) Click Confirm to continue ![](/files/YafSxEI9YYOwPJYcUkNr) Each NFT is represented by an amount of HECTA. After redeeming successfully, this amount will be in your wallet. # How the System works This part of the doc is dedicated to developers/researchers who is interested in our technology and philosophy. For any comments and technical proposal, please go to our github (TBD) and submit a pull request. # System Overview A systemized vehicle designed for the capture, amplification and distribution of growth to its portfolio and communities. Hectagon is very different from most of existing projects in the market because no one has control over the number of HECTA to be minted or distributed. The only thing DAO team can do is issuing HECTA tokens at a discount with vesting terms. Whenever someone buys then some HECTAs will be minted to (1) payback buyers and to (2) build the Community Reward Pool and Investment Fund. The Community Reward Pool can only be spent through a DAO-reviewed process to reward users' value-added activities to either Hectagon or Hectagon's portfolio. The DAO team will use the Investment Fund to buy seed and private tokens hence gradually increase the Treasury value. There are a few key stakeholders in Hectagon systems: * Retail investors * Affiliate and Partners * Projects * DAO workers with the following roles: Governor, Policy, Guardian and Vault. #### Retail investors Retail investors are the main actors of Hectagon system. They can **buy HECTA** from Hectagon's contract to help build the Treasury so the DAO workers can run the investment pipeline. Without retail investors' contribution, nothing will happen and Hectagon will cease to exist. Retail investors can use any token to buy HECTA, however the protocol will convert to either BUSD or HECTA-BUSD LP token. Besides, Hectagon let users **stake HECTA** (to get gHECTA as the staked token) and earn some rewards along the way. This mechanism encourages investors to hold the fund in Hectagon hence keeping the HECTA price stable so the investment team can do their job. The less number of HECTA is staked , the more staking reward each individual will receive. This mechanism favors the early birds and the long-term holder of the protocol. gHECTA owners are DAO members, they can participate in DAO governance in either [Forum](https://forum.hectagon.finance/) or [Hectagon Snapshot space](https://snapshot.org/#/hectagon.eth). A forum is a place where anyone can have a voice on anything. However, the final decision is only made through on-chain voting will on Hectagon Snapshot space. #### Affiliate and Partners Hectagon will constantly looking for good project to invest, bootstrap and accelerate. Hectagon will invest into project through Smart Contract Investment mechanism, of which ensures that Hectagon never sell project tokens until the investment term is due. Essentially, Hectagon is an investment machine so Hectagon will need many partners such as senior investment General Partners, Venture Capitalists, Due Diligence companies, LaunchPad, Accelerators, etc. In order to form the partnership, Hectagon has designed a Strategic Partner reward mechanism so they can buy a certain amount of HECTA with discounts. #### Projects Hectagon will constantly look for good projects to invest, bootstrap, and accelerate. Hectagon will invest in the project through the Smart Contract Investment mechanism, which ensures that Hectagon never sells project tokens until the investment term is due. #### DAO Workers DAO workers are people who run the Hectagon on half of the DAO which consists of gHECTA, pHECTA, and tHECTA holders. For now (June 2022), DAO will vote to choose the Governor - the CEO of the DAO team and define the principle & value of how the protocol will work. For now, we have 3 teams under DAO: * Investment team: conduct the investment pipeline, propose investment objectives, etc. * Policy team: in-charge of issuing HECTA with discount and vesting terms, proposing staking reward rate plan for the current year, etc. * Admin team: moderate Forum, Snapshot. As Hectagon grows, we would like to add more team into ### Components of Hectagon System Hectagon consists of 3 main groups of smart contracts: * The Treasury. * Investment Portal * Rewards System [OlympusDAO](https://www.olympusdao.finance/) influenced how Hectagon Treasury works in a few ways: * How token is minted: Tokens are only minted when user buy HECTA from Hectagon smart contract. * Rebase mechanism for staking: Instead of proposing a fix number token for staking rewards like most of DeFi protocol, Hectagon use OlympusDAO's reward\_rate \* total\_supply formula. We believe this method is more agile and better response to market condition than the popular one. For more detail, please read this [document](file:///o/ia0KWiwJdHUVibD2TqsX/s/QC6YR2YUPWf8CjZ47TNI/~/changes/HjjdsO1abGeBqL21sXdz/product/how-the-system-works/everything-about-usdhecta). The [Investment Portal](file:///o/ia0KWiwJdHUVibD2TqsX/s/QC6YR2YUPWf8CjZ47TNI/~/changes/HjjdsO1abGeBqL21sXdz/product/how-the-system-works/investment-portal) component consists of SmartContract Investment (SCI) which safeguards the projects' fund and future developments such as HECTA/NFT marketplace. The [Rewards System](file:///o/ia0KWiwJdHUVibD2TqsX/s/QC6YR2YUPWf8CjZ47TNI/~/changes/HjjdsO1abGeBqL21sXdz/product/how-the-system-works/rewards-system) let Hectagon team and portfolio hold campaigns to promote value-added activities. Through a smart contract implementing the Zero Knowledge Proof concept, we can help build an on-chain social profile for our users. For detail, please follow these links: {% content-ref url="/pages/NfJ8jnrj8bVEUAGpHMHf" %} [Everything about HECTA](/product/how-the-system-works/everything-about-hecta) {% endcontent-ref %} {% content-ref url="/pages/Ig4oGFNXOf5RisjzFiOB" %} [Investment Portal](/product/how-the-system-works/investment-portal) {% endcontent-ref %} {% content-ref url="/pages/7tUxgCIFzFZweYBBhmDA" %} [Rewards System](/product/how-the-system-works/rewards-system) {% endcontent-ref %} # Everything about HECTA HECTA is the vehicle to engage retail investors in the long game of investment thus benefit every participants within Hectagon ecosystem. Investment is hard, play the long game is hard, especially when [all the odd of the market is against the retail investors](/introduction-to-hectagon/why-does-hectagon-exist). So, we design HECTA to make this game easier by respecting the need of parting away while keeping the door open, so you can come back when the rainy day is over. ### The creation of Treasury After the system is initiated, Policy team will sell HECTA with discount and vesting term to build Treasury. The discount is usually 5-10% compared to market price. Price can be much cheaper if the commitment required for buying is high. For example: a HECTA with 6-months vesting term should be cheaper than a 1-week one; a HECTA for sale issued when the market is down should favor buyers more than when the market is up. To buy HECTA with discount and vesting terms, investors have to send "quote token" to Hectagon Treasury. There are 2 main types of quote token: * HECTA-BUSD LP token (address: TBD) * Stable token, such as: BUSD (address: [0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56](https://bscscan.com/address/0xe9e7cea3dedca5984780bafc599bd69add087d56)) These 2 quote tokens serving 2 unique purposes. The LP Token is used to build the Liquidity Pool to facilitate the liquidation rights of HECTA owner. Owning LP Tokens also bring a steady revenue stream to Hectagon Protocol. The stable token can be used for investment. However, it might be too complex for retail investors to create a LP token so we develop a solution that user can buy HECTA using virtually any BEP 20 (ERC20) tokens. The current UI support a dozen of popular tokens, such as: BUSD, WBNB, etc. In the future, we would let user paste the address of the token they want to pay for HECTA. Another thing to keep in mind that HECTA price offer in the website is constantly changing. There is an algorithm behind its pricing mechanism to favor a steady stream of revenue instead of unsustainable spike. This algorithm also prevent the whale from take advantage of the protocol by (1) only a small amount of HECTA can be bought once at a time (2) if too much HECTA is bought within a short time then the price will spike. The configuration of the algorithm is depended on the Policy team whose objective is a 6-12 month revenue target. After user bought, some HECTA will be minted to: * Pay the buyer when vesting term is over. * Supplement the Investment Fund and build the Community Reward Pool. ### How Treasury works? Hectagon Treasury works through a series of events: * Stake Event happens whenever a user stake their HECTA to receive gHECTA. * Reward Event happens every epoch (approximately 8 hour). In this event, extra HECTA is minted to distribute to all gHECTA owner by increasing an "Index" number. * Unstake Event happens whenever a user burn their gHECTA for HECTA. In Stake Event, user lock his HECTA to receive gHECTA and become a staker. You can think of gHECTA as a saving account. Your number of gHECTA stay the same but the rate (Index) to convert from gHECTA to HECTA increases. > **No of HECTA** = **No of gHECTA** \* **Index** In Reward Event which happens every epoch, the system will reward stakers a number of HECTA accordingly to the total supply of $HECTA. The reward rate will be high at the beginning of every 12 months and reduce gradually to zero. The reward rate will be announced by the Policy team on all Hectagon DAO's channels (Medium, Forum, Discord). Not everyone is going to stake their HECTA so for every staked HECTA, stakers will take extra benefit for every unstaked HECTA. To reflect the above mechanism, the algorithm will adjust the increase of Index number. {% hint style="info" %} Long story short, being early HECTA holder and stake HECTA for a long time equal to a very high APY {% endhint %} In Unstake Event, user "burn" their gHECTA for HECTA. This action will reduce the number of staked HECTA hence favor the remaining stakers in the next Reward Event. ### What is Treasury backed value? gHECTA represents a part of the Treasury. This statement lead to 2 consequences: #### Book value representation The total value of Hectagon Treasury consists of Investment Fund and all Hectagon Investment would represent the total value of all existing HECTA, similar to the way the [Book Value](https://www.investopedia.com/terms/b/bookvalue.asp) represent value of a company. #### Extracting Projects' token from the Treasury HECTA owner can stake HECTA to get gHECTA. gHECTA owner can burn gHECTA to mint NFTs and extract a portion of the Treasury. ### Why Treasury backed value matters? This is the mechanism provide some protection to HECTA price against the downside market. If the HECTA market value (trading on exchanges) is higher than backed value hence holding HECTA is more beneficial than selling. However, if the HECTA market value is smaller than backed value so there would be 2 scenarios that would bring the price back: * Some parties in the market will realize that HECTA is trading under the book value and they want to buy HECTA to earn this premium. Their actions will make HECTA price going up. * Or, some sophisticated HECTA owner would want to stake thus getting gHECTA. After that, they can burn their gHECTA to receive the project token. Burning gHECTA with premium increase the scarcity of HECTA hence make HECTA price going up. HECTA price is up to the market and there is no single one has the authority to decide its price. So, for the designers of the protocol - price is not our main concern. Our main concern is promoting value creation activities, such as: increasing the value of Hectagon's Treasury through perfecting the investment pipeline; encouraging HECTA owner to contribute value to projects; building on-chain social profile for every contributors thus expanding the use-cases of Crypto in the real world. # Investment Portal SmartContract Investment and its promise to change blockchain investment forever. ### Overview Hectagon will invest using Investment Treasury (HECTA) and stable token (e.g: BUSD) from the Treasury. Investment is a long and tedious job. The DAO will choose professionals to run this job of which consists 5 major processes: * Deal sourcing * Deal screening, Due diligent and Invest * Value add activity: fund raising, hiring, networking, mentorship, marketing, product development, etc. * Report * Exit #### Deal sourcing There are 2 sources for Hectagon deals: * Running campaigns to rewards anyone with value information. This activity aims at community members, project owners or their acquaintances. The information required for this process is simple and need a lot of validating effort from investment team before presenting to all gHECTA owner ![Simple deal information](/files/bJC6cZjIqLK38VCoKtB9) * Hectagon will work with other Venture Capitals (VC) so they will provide deals and we can co-invest. In the Venture Capital industry, sharing deals is not uncommon since it help (1) reduce the risk (2) add another helping hands. As the time of writing this document (6/2022), we have been talking to dozens of VC and they are all happy to work with Hectagon. #### Deal screening, Due diligence and Invest *Deal screening* requires very comprehensive information of the project before the team can require an investment memo which will be publish to all the gHECTA holders. The investment memo will contains facts (as writing in pitch deck, white paper, docs, etc.) and specialist comments on following topics (the one in red color means that part is required) * Problem statement * Solution * Product * Traction * Customer * Biz Model * Market * Competition * Vision and Strategy * Funding * Founders * Disclaimers * Tokenomic * Team * Press *Due Diligence* would requires Hectagon to work with partners to (1) site-check and off-line meeting if the team is doxxed (2) contract audit (3) random user interview if the product already has traction. *Invest* is the part when Investment Committee team decide whether to invest in the project or not. Hectagon will let all gHECTA holders have a say on this matter. However, the final decision is up the professionals. #### Value add activity Hectagon will invite projects to hold campaigns within our HECTA holder community. The rewards can come from the project themselves or Hectagon can be the sponsor. There are many things a startup would need to success, for example: fund raising, hiring, networking, mentorship, marketing, product development, etc. Hectagon genuinely believe this part will be the best part ever of web3 space when innovation is no longer being done under the dark but being raised with a village. Please refer to the [Rewards System](/product/how-the-system-works/rewards-system) section for detail. #### Report Hectagon will provide quarterly reports on all portfolio projects on key metrics depending on sectors they are working on. This activity will renew the public attentions on the projects and bring them new valuable users. Hectagon will invite partners and/or incentivizes community members to conduct report. #### Exit Investment is an industry of which there are segments. Even Crypto is new and it changes many concepts in investing, we believe that there is no single investment model that fits every stage of a project. Hectagon is open to exit on investments following conditions: * Exiting is the best way to capture value to gHECTA holders. * There are other investors can contribute better value to projects thus selling parts of what Hectagon's holding to them will benefit the bigger ecosystem. ### SmartContract Investment Up to 85% of the deal, Hectagon will invest through a smart contract name SmartContract Investment (SCI) with following procedure: * Project propose an investment term, including these 2 most important information: * How long do they want Hectagon to lock their token (no vesting, just lock) * How much do they want in return and what token they want for investment. * If Investment Committee agrees the investment then the DAO will interact with the smart contract to approve the term thus sending investment to the Project. * SCI is designed so Hectagon can only withdrawal project token when the term is satisfied. Hectagon will be the diamond hand holder of projects thus giving them time to fully develop to their potential. # Rewards System Rewards system encourage value add activity and give birth to the human social on-chain identity Hectagon will invite projects to hold campaigns within our HECTA holder community. The rewards can come from the project themselves or Hectagon can be the sponsor. * Campaigns will be announced publicly in all communication channels (Forum, Discord, Telegram, Twitter, etc.). [Forum](https://forum.hectagon.finance/) will be the official one. * Campaigns are encouraged to announce 7 days before starting so all eligible parties can prepare. * After the campaign is over, following information will be sealed on-chain: campaign metadata, hash of results and claimable date. * Campaign's winners will be notified via off-chain channels, then they can go to Hectagon UI or interact with the smart contract to claim their rewards. * After user claim the rewards, there is a on-chain proof for his contributions which can not be transfer. The accumulation of these proofs on-chain would build his societal identity which can be used for join later campaigns or airdrops. In the future, we would like to let everyone can create a campaign as long as they can fund the rewards. For example, someone can fund a campaign with a budget of 10 $HECTA to reward first 10 people who pickup trash at his local beach, or volunteer to teach some children in a poor neighborhood. The only limit is your imagination. ### Implementation The Campaign owner will generate a list of campaign winners' address and their respective rewards. Each campaign can distribute rewards in the form of ERC20 or ERC721 (NFT) token. The campaign owner will hash the list and store the hashed text in a Hectagon provided Smart Contract (Address of the contract: TBD). ![](/files/vjfRb0Kj6elgRz7ERXiW) The campaign winner then go to the Smart Contract and Claim his reward by conducting a transaction using his address and the content of the rewards. This process sounds complicated but can be done easily with just a push of bautton. ![Mockup of Reward System UI](/files/BfCyFEgxIGaC4JvpjOja) In the future, we can implement a [SBT](https://fortune.com/2022/05/26/what-are-soulbound-tokens-web3-buterin/) minting mechanism based on the proof on-chain in Reward System. ### Future of a Credit-based Economy It is no mystery that the biggest economy in the world is [built upon Credit not Cash](https://youtu.be/PHe0bXAIuk0?t=584). And where do those credit come from? They come from human identity. There is no credit without human identity. But again, what does human identity mean? Human identity is not a piece of paper issued by the government, but social connection among other human beings. {% embed url="" %} As months and years go by, Hectagon will onboard hundreds of thousands of users and let them build a network of rewards with proof on-chain. We believe that we can help build the new human societal identity on-chain. This new identity then can give birth to a new better world. Can not wait to see you on the blockchain! # Hectagon Tiger Tribe 999 unique Redeemable NFT, each hold from 1-10 HECTA #### Concept NFT stands for Non-Fungible Token, each NFT has a unique ID and only the owner of the NFT can transfer or interact with it. In Hectagon, we pioneer the concept of using NFT as a financial instrument such as Basket of assets. We design the Hectagon Tiger Tribe NFT collection to reward early adopters and educate users on the concept of "Basket of assets". The NFT owner is not only able to trade but also can burn (redeem) the NFT for a certain amount of $HECTA stored within. In the coming months, we would like to offer $HECTA holders options to mint NFTs represent a basket of future assets within Hectagon Treasury to either sell in the marketplace or hold to earn its value later. #### Collection detail ![Hectagon Tiger Tribe](/files/soaruPCfIQuo5ZtoxzSg) Hectagon Tiger Tribe has 999 NFTs, each has 5 traits creating a space of more than 25,000 possibilities. In principle, each trait value is divided into 5 rare classes:
Rare classRarity
Super Secret Rare0.01-1%
Super Rare1-2%
Rare2-3%
Uncommon3-4%
Common10-15%
The rarity will change over time because some collectors can buy then burn a certain trait to make it harder to acquire thus increase its trading value. To make it easier for traders, we already built an NFT marketplace specifically for this collection. ![Hectagon Tiger Tribe Marketplace](/files/I6dZt4Jv80Xtp5SxWPdM) To experience the future of NFT as a financial instrument, let's participate in [Hectagon Tiger Tribe](https://tigertribe.hectagon.finance) today! # Future Token k2\@hectagon.finance 9 July 2022 ### Abstract Vesting is a common practice in Crypto investment but it is an inefficient way of using capital. This paper advocates the implementation of a future token (ERC20) representing the right to redeem the original token at a future date, and discusses some of its use-cases. ### Motivation Crypto projects require capital to bootstrap. Typically, dev teams promise investors a vesting schedule to redeem their investing power with a portion of project tokens. As the industry grows, billions of dollars' worth is unrealized in the form of teams' promises because of investors’ inaccessibility to capital when the vesting schedule is undue. This vesting schedule create a number of critical problems: The dev team's holding all the cards: they take money but their obligations are not on-chain thus not crypto-grade-trusted. It goes against the tokenization spirit when investment power has been spent but there is no token representing that activity. ### Summary This is a proposal to mint a token which represents the power to unlock an original token on a predetermined date in the future. For example: On 12 April 2022, an owner with the possession of 100 token X, can use a factory contract to create a contract naming fX-12042025 then mint a 100 token fX-12042025 which can be burnt to redeem 100 token X at 12 April 2025. ### Implementation To implement this idea, there are 2 contract to build: The Factory contract The Future Token contract The factory contract is an utility to build future token contracts, which hold the precursor to the original token contracts and specify the exact future date (at 0:0:0 UTC) that this future token can be burned to redeem the original token. ``` contract FutureToken { event Mint(address indexed sender, uint256 amount); event Redeem(address indexed sender, uint256 amount); address public creator; ERC20 public asset; uint256 public redeemableAt; function deposit(uint256 _amount) public; function redeem(uint256 _amount) public; } contract FutureTokenFactory { event FutureTokenCreated(address indexed futureToken, address indexed asset, uint256 redeemableAt); function create(address _asset, uint256 _redeemableAt) public returns (address); function get(address _asset, uint256 _redeemableAt) public view returns (address); } ``` The Future Token contract is an ERC20 token and anyone can easily create a Liquidity Pool on any Exchange to trade this token. ### Discussion The adaptation of future token will affect crypto industry in few ways: #### Investment activity With the help of future tokens, tracing early investment in crypto would be easier since every token spent by investors will be rewarded with future tokens. This helps push more transparency and liquidity to the industry. The difference between Market Cap and Fully Diluted Market Cap will be smaller, meaning tokenomics which allow lavish promise will have a harder time. #### New market Future tokens provide the opportunity to trade against the future value of a token and represent the right to buy a token at a future date. Billions of dollars locked in the form of vesting tokens and billions of dollars in the future investment market now can participate in trading. In conclusion, the future token is another form of extracting unrealized value from assets that many crypto had done before. We are expecting the adoption will help expand the Crypto market many more times. # Terms of Service Please read these terms of service (“Terms”) carefully. These Terms are between you and **Hectagon Foundation** (“Hectagon,” “we,” “us,” or “our”) concerning your use of Hectagon’s site, currently located at Hectagon.finance (the “Site”) which acts as a front-end to the Hectagon protocol. These Terms apply to you (“you,” or “User”) as a user of the Site and Hectagon front-end, including all the products, services, tools and information made available on the Site. **By using the Site, you agree to these Terms.** ## Terms and execution None of the information, services or materials offered on our site constitute, and are not intended to constitute, legal, financial, tax, investment or other advice, and you should not act or refrain from acting based on any information, services or materials provided on this site. You are strongly urged to consult with your own legal, financial, tax, investment and other advisors as to all legal, financial, tax and investment-related questions you have. As long as you use all or any part of Hectagon Service, it will immediately constitute acceptance and create an enforceable agreement under which you agree to be bound by all of these Terms even if you have not carefully read through these Terms before using the service. If you do not agree to all or any part of these Terms, you shall immediately stop using our service. Hectagon reserve the right, at our sole discretion, to amend these Terms in whole or in part from time to time as needed, and announce the same on the website, without any individual notice to you. The amended Terms shall come into effect immediately and automatically upon being announced on the website. Continued use of Hectagon Service, you shall be deemed as having accepted the amended Terms. ## Access to the Site Access to the Site is provided “AS IS” and “as available” basis only. There is no guarantee that the Site, or any content on it, will always be free of bugs or virus, available or uninterrupted. From time to time, access may be interrupted, suspended or restricted, including because of a fault, error or unforeseen circumstances. We reserve the right to limit the availability of the Site to any person, geographic area or jurisdiction we so desire and/or to terminate your access to and use of the site, at any time and in our sole and absolute discretion. We may remove or amend the content of the Site at any time. However, some of the content may be out of date at any given time and we are under no obligation to update it. We do not guarantee that the Site, or any content on it, will be free from errors or omissions. We will not be liable to you for any loss or damage you may suffer as a result of the Site being unavailable at any time for any reason. ## Users’ obligations In order to use Hectagon service, you shall be compliance with all requirements of applicable laws, regulatory documents and our Terms and you shall not be in violation of public interests, public ethnic. 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You represent that as a User, you have the legal authority to bind the company or other legal entity on which behalf you are acting to these Terms, you are at least 18 years old or the age of majority where you reside, whichever is older, you can form a legally binding contract online, and you have the full, right, power and authority to enter into and to comply with the obligations under these Terms on your own behalf, or on behalf of the company or other legal entity on which behalf you are acting. * You are not “Prohibited Person” which means any person or entity that: (a) is on any trade or economic sanction lists such as Specially Designated National by OFAC, UN Security Council Sanctions list,... or (b) is located in, or a citizen or resident of the United States or Ontario (Canada), (c) is located in, or a citizen or resident of any state, country, territory or other jurisdiction: (i) that is embargoed by the UN (ii) where use of cryptocurrency would be illegal or otherwise violate any Applicable Law. * Your Hectagon profile does not constitute an investment contract or a security, is not transferable or sold to any third party under any circumstances. 2. 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Any suspected illegal, fraudulent or abusive activity may be grounds for terminating your access to all or part of the Site and relationship with us, and may be referred to appropriate law enforcement authorities. Upon suspension, disabling or termination, your right to use the Site will immediately cease, and we reserve the right to remove or delete any information that you may have on file with us, including any account or login information. ## Third Party Links The Site may contain hyperlinks or references to third party websites. Any such hyperlinks or references are provided for your information and convenience only. We have no control over third party websites and accept no legal responsibility for any content, material or information contained in them. The display of any hyperlink and reference to any third-party website does not mean that we endorse that third party's website, products or services. Your use of a third-party site may be governed by the terms and conditions of that third-party site. ## Intellectual Property Rights We are the owner of all intellectual property rights in the Site and the material published on them. Hectagon.finance is the uniform resource locator (“URL”) of Hectagon. You will not make use of this URL on any other website or digital platform without our prior written consent. You agree not to monitor, use or copy our web pages without our prior consent. Any unauthorized use or reproduction may be prosecuted. You will retain ownership of all copyright in data you upload or submit to the Site. You grant us a worldwide, royalty-free, irrevocable license to use, copy, distribute or publish and send this data in any manner. ## Disclaimers; Limitations of Liability DISCLAIMER AND NOTES: for the avoidance of any doubt, HECTAGON including but not limited to the overall project, the website, all its under development software including any future smart contracts and web and/or mobile apps (“HECTAGON Platform”) as presented in this conceptual paper is a pure online decentralized software platform and it is not (not it is required to be) an active licensed or regulated or exempted financial, payment or digital asset service or VASP of any kind and in any jurisdiction. Any terminology used in this document, or on the website is intended only as a basic reference, without any effective or legal meaning of the same terms in a financial environment, and/or any other regulated framework. The HECTAGON token (HECTA) is a strictly utility token in any jurisdiction and is not and can not be considered as a security or otherwise a regulated token of any kind, is not in any way e-money and/or a fiat or asset backed stablecoin, whether global or limited in scope. This document taken by itself is not, nor it can be construed as a contract, an investment contract or a contractual agreement of any kind, it is not a prospectus, term sheet, an invitation or offer to invest in HECTAGON, in any of its supported projects or in any directly or indirectly connected company or entity or acquire or use its token in any way with any expectation of future profit. Any user of the HECTAGON website and reader of this document expressly declares to have received appropriate technical, administrative and legal advice before and after reading this document and the website’s content and accepts that there is an inherent high risk in acquiring or using any kind of blockchain and/or crypto or digital token, platform, software or interface and acknowledges with full disclaimer for any of the persons or entities mentioned within this document or in any way directly or indirectly connected to the HECTAGON project, that there can be any kind of damage suffered, including total loss. DISCLAIMER AND NOTES: for the avoidance of any doubt, HECTAGON including but not limited to the overall project, the website, all its under development software including any future smart contracts and web and/or mobile apps (“HECTAGON Platform”) as presented in this conceptual paper is a pure online decentralized software platform and it is not (not it is required to be) an active licensed or regulated or exempted financial, payment or digital asset service or VASP of any kind and in any jurisdiction. Any terminology used in this document, or on the website is intended only as a basic reference, without any effective or legal meaning of the same terms in a financial environment, and/or any other regulated framework. The HECTAGON token (HECTA) is a strictly utility token in any jurisdiction and is not and can not be considered as a security or otherwise a regulated token of any kind, is not in any way e-money and/or a fiat or asset backed stablecoin, whether global or limited in scope. This document taken by itself is not, nor it can be construed as a contract, an investment contract or a contractual agreement of any kind, it is not a prospectus, term sheet, an invitation or offer to invest in HECTAGON, in any of its supported projects or in any directly or indirectly connected company or entity or acquire or use its token in any way with any expectation of future profit. Any user of the HECTAGON website and reader of this document expressly declares to have received appropriate technical, administrative and legal advice before and after reading this document and the website’s content and accepts that there is an inherent high risk in acquiring or using any kind of blockchain and/or crypto or digital token, platform, software or interface and acknowledges with full disclaimer for any of the persons or entities mentioned within this document or in any way directly or indirectly connected to the HECTAGON project, that there can be any kind of damage suffered, including total loss. Hectagon is not a financial institution or a fund management organization. Hectagon has no control over or holds any of your digital assets. All transactions initiated through our service are facilitated and run by third-party electronic wallet extensions, and by using our services you agree that you are governed by the terms of service and privacy policy for the applicable extensions. Hectagon is not a financial institution or a fund management organization. Hectagon has no control over or holds any of your digital asset. All transactions initiated through our service are facilitated and run by third-party electronic wallet extensions, and by using our services you agree that you are governed by the terms of service and privacy policy for the applicable extensions. 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These Terms and the documents referred to in them set out the entire agreement between you and us with respect to your use of the Site, Hectagon and the services provided via the Site and supersede any and all prior or contemporaneous representations, communications or agreements (written or oral) made between you or us. ## Contacting Us Should you have any question about these Terms, or wish to contact us for any reason whatsoever, please do so by sending us an email at . # Privacy Policy **Hectagon Foundation** (“Hectagon”, “we” “our” or “us”) recognizes the importance of protecting the privacy of information we may receive from users of our investment protocol platform and social network (the “Site”). For the purposes of this Privacy Policy, users (“User”, “you” or “your”) include anyone who accesses the Site and Hectagon front-end, including all the products, services, tools and information made available on the Site (the “Services”). This Privacy Policy, along with our Terms of use (“Terms”), describes the information we collect from Users, how we may use it and with whom we may share that information, the safeguards we use to protect such information and the choices you may make with respect to your personal information. By using the Services, you consent to our use of your information in accordance with this Privacy Policy. We will not use or share your personal information with anyone except as described in this Privacy Policy. ## Information We Collect We have constructed the Site so that you may review certain information about our Services, without revealing your identity or volunteering any personally identifying information. In order to participate in several campaigns, you may be required to provide us with certain information, including but not limited to your name, email address, telephone number,... For avoidance of doubt, and in order to protect your privacy when using our Services, Hectagon collects, stores and processes your Personal information (PI) submitted in connection with our social network Services. We also collect investment data about you, including information about your investment amounts via the Site. We may collect technical data from you, such as your device’s internet protocol (IP) address, browser type and version, time zone setting and location, browser plug-in types and versions, operating system and platform and other technology on the devices you use to access the Site or use our Services. We may also collect, use and share aggregate and/or de-identified data about Users (“Aggregated Data”) such as statistical or demographic data for any purpose. Aggregated Data may be derived from your PI, but once in aggregated form it will not constitute PI as this data does not directly or indirectly reveal your identity. However, if we combine or connect Aggregated Data with your PI so that it can directly or indirectly identify you, we treat the combined data as PI which will be used in accordance with this Privacy Policy. ## Use of Information We Collect We may use PI for various purposes, including administering and enabling use of the Site, including, but not limited to, communications at the email or physical addresses, or phone number provided by you, notification regarding the Site, such as any future amendments to its privacy practices or this Privacy Policy; * providing, updating, and maintaining our Services, including registering you as a user, managing your account and profile, and authenticating you when you log in; * ensuring all Users follow our Terms and other rules and policies; * banning a User temporarily or permanently for failure to follow our Terms, rules and policies, or for other misconduct or inappropriate behavior; * enabling Users to receive newsletters, updates, and other materials related to us; * monitoring and analyzing the Site (including, but not limited to, measuring Users’ interest in, and use of, various areas of the Site); * improving the functionality, design and quality of the Site; * performing the technical administration of the Site; * investigating cases of suspected abuse or fraud; preparing statistical and other summary analyses of our Users’ behavior; * and any other purpose that we determine at our discretion is related to the use, advertising, marketing, promotion or other of our, or the Site’s legitimate purposes (Collectively, “Our Purposes”). ## Disclosure of Personal Information We do not rent, sell, or share your PI with third-parties except as described in this Privacy Policy. We may share your personal information with our carefully selected vendors, third party service providers and agents where it is necessary for Our Purposes. These parties may include web analytics service providers, such as Google Analytics, for web analysis purposes. We will provide these entities only with the information they need to deliver the service we have requested, and they are prohibited from using that information for any other purpose. We may also share PI when we believe it is necessary to: * Comply with applicable law or respond to valid legal process, including from law enforcement or other government agencies. We cooperate with government and law enforcement officials and private parties to enforce and comply with the law. We may, without providing notice to you, disclose any information about Users, including PI, to government or law enforcement officials or private parties where we are required by law. * Store or process PI on our behalf (for example, cloud computing service providers); * Perform research, technical diagnostics, personalization and analytics; * Protect us, our business or our Users, for example to enforce our Terms, prevent spam or other unwanted communications and investigate or protect against fraud; * Maintain the security of our Site and Services. ## **Your Privacy Choices** If a User becomes aware that PI we maintain about them is inaccurate, incomplete, misleading, irrelevant or out of date, or if an individual would like to access, update or review their information, the individual is solely responsible for updating such information, and may do so by contacting us using the contact information below. We will attempt to provide the requested information or make requested changes to the extent allowable by applicable privacy laws. In any event, we will respond to you as soon as reasonably possible to advise you of the outcome of your request. We reserve the right to verify the identity of any person correct/update request but shall have no liability whatsoever resulting from false or erroneous requests. You may update your PI, communications preferences, or opt out from receiving promotional materials at any time by contacting us at ## Retention We retain PI for the period necessary to fulfil Our Purposes. In some cases, we retain PI for longer, if doing so is necessary to comply with our legal obligations, resolve disputes, or is otherwise permitted or required by applicable law, rule or regulation. ## Security Please note that any information you share with us via email or via the internet is not completely secure. We take reasonable steps to protect the PI provided via the Site from loss, misuse and unauthorized access or disclosure, however, no internet or email transmission is ever fully secure or error free. Due to the nature of the internet, there is a possibility that unsecured email or internet transmissions could be intercepted and read by third parties. We assume no responsibility for interception of confidential information or personal information that you send in an unsecured (unencrypted) email message or other internet transmission to and from the Site. You acknowledge and accept that, despite our efforts, there may be times or situations when your PI is inadvertently disclosed by us or by a third party to whom we have disclosed your PI. You hereby accept that risk and waive any and all claims, causes of action, damages and liability against us in the event of such inadvertent or negligent disclosure of PI. ## Links to Third Party Sites This Privacy Policy applies only to our Site. The Site may at times contain links to other websites, platforms or protocols that are not owned or controlled by us. Please be aware that We are not responsible for the privacy policies of such other websites, platforms or protocols or how these websites, platforms or protocols operate or treat your personal information. By using the Site, you expressly relieve and discharge us from any and all liability arising from your use of any third-party website, platform or protocol. We encourage you to be aware of this when you leave the Site and to read the privacy policies and terms of use associated with each of any third-party websites, platforms or protocols that may collect personal information. ## Changes to Our Privacy Policy Hectagon reserve the right, at our sole discretion, to amend the Privacy Policy in whole or in part from time to time as needed, and announce the same on the website, without any individual notice to you. The amended Policy shall come into effect immediately and automatically upon being announced on the website. Continued use of Hectagon Service, you shall be deemed as having accepted the amended Policy.