Hellenic Coin, Coin Buyback Program
So, What is Hellenic Coin?
Hellenic Coin is a mineable cryptocurrency supported by a private blockchain. Hellenic Ccoin was established in 2015, it utilizes a fully decentralized peer to peer protocol and it is independent from any governmental and central bank control. Hellenic Coin’s purpose since its creation has been to be integrated within the real Greek economy and not to be used just as a speculative asset.
Okay, but what makes Hellenic Coin so special?
Hellenic coin uses the most advanced blockchain technology available Scrypt Hybrid PoS/PoW, giving it the ability to execute transactions with some of the fastest times while at the same type keeping a high degree of safety. Hellenic Coin’s innovation doesn’t just stop there. Hellenic Coin is slowly but surely becoming integrated within the real Greek economy. Our applications are centered around Greece’s biggest industry…. Tourism. In 2019 alone around 30,000,000 tourists visited Greece, if on average each one of them spent 50$ and only 1% of them used Hellenic Coin a demand of around 15,000,000$ worth of Hellenic Coin would be created. We already have Greek hotels accepting Hellenic Coin and we are in the process of setting up partnerships with some of the biggest Hotels and Tourism related businesses in Greece.
If you have ever travelled to a country that uses a different currency than your home country’s you likely have experienced the following:
- Ridiculous foreign exchange fees on credit card transactions
- Fear of theft and/or fraud
- Enormous spreads on foreign exchange at banks
- Insane fees at money bureaus
Hellenic Coin solves all these problems for a prospective tourist visiting Greece. All transactions are completely free of charge and are executed faster than any bank transfer while maintaining utmost transparency. All of Hellenic Coin’s transactions are completely secure and verified through the Scrypt Hybrid PoS/PoW blockchain, leaving no room for potential fraud or theft. Lastly and most importantly Hellenic Coin has tremendous transparency when it comes to pricing. A prospective buyer exchanges their fiat currency for Hellenic Coin at the best possible price in the market of their choice.
Well that’s great, but Hellenic Coin will never replace fiat currency as it is too volatile.
You are right…but only partly. Most currencies don’t have a support team, but we do. Just like floating Fiat currencies and publicly exchanged companies we have decided to create a buyback program. We will deploy some of the most advanced trading algorithms and use them in order to strategically buy back coin at times of above normal volatility. This way we will prevent any serious devaluation from occurring in the currency and then we will be able to achieve all the goals outlined in our white paper.
So apart from volatility protection, what will this buyback achieve?
The buyback program creates the foundation of mainstream adoption for Hellenic Coin. A stable cryptocurrency is an applicable cryptocurrency and not just a speculative financial instrument. Apart from the stability, the cryptocurrency community will now see real fundamental value being injected into the currency itself, unlike most cryptocurrencies who base their valuation off theoretical future profits.
Keep in mind if you already hold Hellenic Coin, you will effectively get any fiat you give here back, when Hellenic Coin faces a selling pressure at some point in the future.
Ok, you got me sold on the idea, what’s next?
So if you want to help Hellenic Coin become a low volatility cryptocurrency with tremendous commercial uses you can support this campaign with as little or as much money you feel comfortable with. We in turn will give you access to a private group chat on telegram (if you give over 20 euros), where future projects like this will be discussed before they are known to the public. If you choose to give over 100 euros not only will you get access to the aforementioned group chat but you will also receive free Hellenic Coin from the management teams pool of coins as a token of our gratitude.