Hectic Turkey Launches as a New Player in the Memecoin Arena
*GOLD COAST, AUSTRALIA / ACCESSWIRE / February 6, 2024 /* Hectic Labs has announced the launch of Hectic Turkey, a new cryptocurrency operating on the Binance Smart Chain. As a memecoin, Hectic Turkey combines elements of humor and community engagement with functionalities common to decentralized finance (DeFi). This launch marks Hectic Labs' entry into the rapidly evolving digital currency market.
One of the notable features of Hectic Turkey is its automated buy-back and burn mechanism. In this setup, 1.5% of every transaction is converted into Binance Coin ($BNB), contributing to the Hectic Automatic Buy-Back (HABB) contract. When the HABB accumulates 5 $BNB, it automatically triggers a buy-back of $HECT tokens, which are then sent to a null address. This process aims to impact the token's scarcity and overall market dynamics.
In terms of token distribution, Hectic Turkey has a total supply of 8.8 trillion $HECT. The allocation strategy includes 45% of the total supply for both PancakeSwap liquidity and the presale phase. Additionally, 100% of the initial liquidity is locked for a period of 24 months, which the project states is a move to ensure stability and long-term viability.
The public presale of $HECT is being hosted on Pinksale, offering an initial rate of 2,378,400,000 HECT per 1 BNB. This presale is part of the project's early investment phase, aiming to attract early adopters of the token.
Hectic Turkey's development roadmap outlines several milestones. These include the token's initial launch on PancakeSwap, efforts to gain listings on cryptocurrency ranking platforms such as CoinGecko and CoinMarketCap, and plans to increase its presence on various social media channels and centralized exchanges (CEX). The roadmap provides an overview of the project's intended direction and growth phases.
The project distinguishes itself in the memecoin market through its unique branding and thematic approach, focusing on creating a community-oriented ecosystem around its token.
Hectic Labs' website offers further details about the Hectic Turkey token, including its features and the broader vision of the project. The whitepaper, providing in-depth information about the tokenomics and strategic plan, is accessible at https://hecticturkey.com/wp-content/uploads/whitepaper.pdf.
The project also maintains a presence on Discord and Twitter for community engagement and updates.
*About Hectic Labs*
Based in Gold Coast, QLD, Australia, Hectic Labs is a company specializing in blockchain technology and DeFi solutions. With a focus on innovation in the digital currency space, Hectic Labs aims to develop and promote products that utilize blockchain technology. Hectic Turkey, their latest project, represents an entry into the memecoin market, characterized by its unique theme and community-focused approach.
*Media Contact:*
Contact Person: Bryan Legend
Email: bryanlegendceo@gmail.com
Website: https://hecticturkey.com/
*SOURCE:* Hectic Labs
View the original press release on accesswire.com