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GPT360 X HOTFI
GPT360 recognizes that establishing a media partnership between two cryptocurrency projects in the Web3 industry is a significant and promising move to promote their products and achieve their goals. This collaboration benefits both crypto projects by enriching their experiences and opportunities.
For both cryptocurrency projects, it represents an opportunity to increase the visibility of their products and services in the Web3 industry, attract new users and investors, and build a strong community of supporters. Media partnership facilitates the exchange of knowledge and experiences between projects, which can lead to innovative ideas and solutions.
Partnership also allows both cryptocurrency projects to strengthen their positions in the market and emphasize their ambitions in the development of Web3 technologies. Collaborative efforts and resources can contribute to more successful achievement of strategic goals and market share growth.
In summary, media partnership is a crucial step towards success for cryptocurrency projects in the Web3 industry, supporting their growth, development, and mutual reinforcement. And we are incredibly excited about collaborating in the media sphere with a project like HOTFI, which shares our vision in the crypto direction.
HOTFI is a liquidity solution for BRC20 standard tokens built on the Ordinals protocol and EVM protocol. It is dedicated to providing ongoing momentum for the development of the DEFI ecosystem within Ordinals. HOTFI offers Ordinals users decentralized peer-to-peer matching trading functionality for BRC20 standard tokens. Not only that, it also provides real-time Swap functionality, allowing users to provide liquidity through AMM (Automated Market Making) and earn passive income. The Stake section is prepared for financial activities, where users can deposit their held BRC20 tokens and earn farming rewards.
HOTFI will continuously build its DEFI ecosystem and will introduce the Launchpad feature in the future to facilitate the launch of high-quality projects. A strong DEFI ecosystem relies on community support, and DAO governance is open to all users. HOTFI is committed to working together with users to provide developmental impetus to the Ordinals ecosystem.
HOTFI is a decentralized finance (DEFI) platform that operates based on the Ordinals protocol and the EVM (Ethereum Virtual Machine) protocol. It focuses on providing a comprehensive solution for BRC20 standard tokens, aiming to enhance trading efficiency, liquidity, and user experience within the cryptocurrency ecosystem. Here’s a summary of how HOTFI works:
PROTOCOL FOUNDATION
- HOTFI is built upon the Ordinals protocol and utilizes EVM for smart contract execution. These protocols enable the platform to offer secure, transparent, and decentralized services.
DECENTRALIZED TRADING (TRADE MODULE)
- HOTFI’s Trade module provides users with peer-to-peer trading functionality. Users can create buy or sell orders for BRC20 tokens. The process involves mapped tokens, reducing transaction costs and congestion risks on the BTC network.
AUTOMATED MARKET MAKING (AMM)
- Through the Swap functionality, users can provide liquidity to LP pools using mapped tokens, supporting AMM. This enables users to participate in token swaps and liquidity provision.
LOCKTIME MECHANISM
- HOTFI utilizes Ordinals’ locktime method to lock BRC20 tokens for a specified duration. This approach can be applied both for user-centric actions (such as trading) and for token management strategies, promoting stability in the market.
ASSET MANAGEMENT AND SECURITY
- HOTFI collaborates with third-party asset management services to ensure the secure management of BRC20 tokens, safeguarding users’ assets within the ecosystem.
MARKET STABILIZATION
- The locktime mechanism and strategic token management contribute to market stability by preventing extreme price fluctuations due to excessive token movements.
TRANSPARENCY AND VERIFICATION
- All transactions and actions are recorded on the blockchain, allowing users to verify their activities through transaction hashes, enhancing transparency and accountability.
DAO GOVERNANCE
- HOTFI involves the community in decision-making through DAO governance, providing users with a say in platform development.
TOKEN LISTING AND MAPPING
- When a BRC20 token is listed on HOTFI, a Contract Factory is employed to generate a mapped ERC-20 token, ensuring compatibility and facilitating decentralized trading.
In summary, HOTFI leverages Ordinals and EVM protocols to create a DEFI platform where users can trade, provide liquidity, manage tokens, and contribute to a stable and efficient market environment. Through its innovative mechanisms, HOTFI enhances the value proposition of BRC20 standard tokens and strengthens the overall DEFI ecosystem.
The strength of a company and its popularity often depend on mutually beneficial media partnerships that help spread information about their product worldwide. The GPT360 team fully understands this importance and recognizes that it greatly contributes to our own growth as well as that of our new media partners. We are pleased that the HOTFI team shares our vision for the Web3 industry and actively integrates our Chaterium Protocol into their community, creating a more functional and dynamic communication environment.
Transparency, building a reputation in the market, and collaborating with other projects in the Web3 industry are key factors for success and growth in the crypto industry. We enthusiastically seized the opportunity to have a media partnership with such an interesting and promising project like HOTFI. This allows us to achieve success more rapidly, disseminate information about us worldwide, and, of course, expand our knowledge about new developments in the world of Web3.
HOTFI USEFUL LINKS:
WEBSITE: https://hotfi.io/
TWITTER: https://twitter.com/HOTFI_
DISCORD: https://discord.com/invite/FR3t5VwM7Y
TELEGRAM: https://t.me/HOTFIio