What is the Sovereign Hero Coin?

Since the advent of the BitCoin, the world of currency has never been the same. Individuals and companies now have options. Whether they wish to trade or simply invest, people are no longer confined to the limitations imposed by traditional currencies. Decentralized currencies are certainly the wave of the future, and they are steadily gaining momentum today.

Understanding the Hero

What exactly is the Sovereign Hero Coin?  It’s main purpose is to provide a safe 5% annual increase in value for people who want a good, long term, low risk investment.  Gone are the days of getting 4-6% interest on savings accounts, which has hurt many widows, orphans, and retirees.  These people are looking for somewhere safe to put their money so that it grows.

The Sovereign Hero is the first economy-backed currency thus far. The coin is double-backed by equity in BitShares. The coin is part of a network that is incorruptible, totally transparent, and lightning fast. This coin is the most honest form of currency ever to hit the market.

And is is super fast.  This decentralized coin has ultra-fast transaction times, far surpassing those of major credit cards and thousands of other digital currencies. This coin has the capacity to match the trading volume of the NASDAQ, and it handles orders the moment they are submitted.

Additionally, the risk involved is much lower than for a normal coin startup. This is because the reserve capital of each company involved has combined revenue streams backing it up, making it a more solid choice than countless other options. BitShares has the backing of industry earnings.  To create a Market Hero (Sovereign Hero), an owner of BitShares must lock down at least double the value of Market Hero being created.  That owner is then basically selling short the Market Hero coin, in order to leverage it (i.e. put the money back in BitShares or some other coin that he expects to go up greatly in value).  The BitShares owner is taking on additional risk, while at the same time creating a low–to-now risk investment for others.

Since the creator of the coin is leveraged, it is possible he can get hit with a margin call. (See https://steemit.com/hero/@lukestokes/i-got-margin-called-on-hero-today-things-don-t-always-go-up).   That means he could lose some of his BitShares.  But again, the buyer of the Market Hero is happy as a lark, safely receiving his 5% per annum increase in value.

What Makes the Hero Different?

The Sovereign Hero Coin stands apart from its competitors in a variety of ways. Its value is highly stable, and it is poised to appreciate against the United States dollar by five percent on a yearly basis. This coin may be transferred in mere seconds anywhere in the world. It is compatible with current debit cards and wire transfer mechanisms, so it offers an appealing degree of flexibility.

The coin’s collateral is transparent, and it is backed by the integrity that only a robotic mechanism can offer. This is the only coin that has been created to merge with the mainstream. The Hero is as safe and stable as gold, with a solid appreciation value, and it offers super-fast payment.

How the Sovereign Hero Coin Works

Now that you understand the cutting edge appeal of this coin, you probably want to know how it works. The Hero is actually a loan made by the BitShares network. It’s backed by collateral that is twice its value in the shares offered by that network (the shares are referred to as BTS). As you spend the Hero, the shares continue to appreciate. The coin represents a stable form of currency that is backed by BTS collateral. That collateral goes into escrow. You may reverse the process by purchasing Hero coins to pay off the loan you acquire as an investor. When the value of the BTS collateral grows by more than 3.33 percent, and no premium is placed on the price feed, your yield will be positive.

The Sovereign Hero Coin takes the best aspects of centralized currency even further. This incorruptible coin could fundamentally change the way you invest in currencies in the future. You can either spend the coins or allow them to appreciate. Either way, you benefit from investing in and spending the world’s first economy-backed currency.

Market Hero Coin Announced

Stan Larimer has announced a new token called “The Market Hero“.  It will provide a stable 5% growth per year, and is specifically designed to be non-volatile.  There is a huge market for retirees and baby boomers in their 50s and 60s who need to get a reasonable return on their investment.  The US Dollar continues to lose value, i.e. buy power each year.  Instead, they can own something that actually appreciates.

The “orphans and widow” funds have never invested in BitCoin because of it’s extreme volatility.  It often sees bounces of 10 or 20% in a day.  Take a look at the chart below.  BitCoin went from around 2150 to 2950 in one month, then dropped back down to under 2400.

 

Such huge swings can nearly cause heart attacks in some investors.  Businesses are hesitant to accept BitCoin, because they feel they need to exchange it to USD immediately, lest it have a “crash” within a few hours after having received it.

Watch this site for more details coming soon.  But the idea is that Market Heros are created when someone locks down double the amount of BitShares.  Bitshares is a coin and blockchain that runs on the Graphene blockchain.  It is fast, and highly successful, but for some reason, maybe marketing, it has not risen to the top of the cryptocurrency marketcaps (although it is usually in the top 15).

Stan’s son Dan Larimer actually created Graphene, and now is has announced EOS, possibly the new “Ethereum killer.”  Stan has created an actual billion dollar prize.  His investors are locking one million dollars of Bitshares into a smart contract.  He estimates that within a year or so, the price of Bitshares will go up 1000x (what Stan called “three factors of 10”).  This has happened to other alt-coins, why not Bitshares?  Today, the price is like a penny stock, roughly 25 cents per coin (or token).  So it would only have to go to $250 to have a 1000 times increase, which in turn would turn the million that was escrowed into one billion.

Stan includes some rules on his post, but the final rules will be available on July 4th when the project launches. He refers to people joining teams, and the prize goes to the winning team.  Apparently, that will be the team that sells or creates the most Market Hero coins?
Then how will that team distribute it’s prize among it’s members?  Hopefully, all this will be more clear on the launch day.   Stan seems like July 4th, which is now called “Global Independence Day”, and that was the same day Bitshares was conceived in 2013.

One user on SteemIt has outlined how to participate in the Market Hero.  But for now, best to wait for the launch day, and also to know in advance who your team is.  This website is already on one of the teams, and more information will be coming in future logs.

Below is the full presentation that Stan gave in Hollywood:

Heronomex Launch Announcement – CRS 2017 Day 2 [VGA 480p] from Dylan Howard on Vimeo.

 

 

Opinions on Dan Larimer’s new EOS Blockchain announced

The technical white paper can be found on SteemIt. The amazing thing is that Dan Larimer claims that the system should be free to use for developers.

Dan Larimer previously created the Graphene blockchain, which runs BitShares, SteemIt, PeerPlay, and Muse.

The following press release was published:

Block.one will launch the sale of a new blockchain-based digital currency or token called EOS on Monday, the tech company said on Thursday.

The sale is the latest capital-raising exercise by a technology startup creating its own digital currency and selling tokens to the public, a practice that has no regulatory oversight.

It will be one of the most eagerly expected token sales in recent months, analysts said.

Blockchain, a distributed ledger that came to prominence as the underlying technology behind digital currency bitcoin, is gaining popularity for its potential to track assets across all industries.

U.S. startup Civic sold $33 million in digital currency tokens for its identity verification project in a public sale, Reuters reported on Thursday.

Block.one calls the sale of EOS a “token distribution.” The company wants EOS to be used by large businesses, enabling corporations to automate processes, monitor assets, and create multiple applications.

Brock Pierce, co-founder of block.one, told Reuters that EOS aims to be the foundation for business applications in the blockchain world.

The token sale will take place over a one-year period on ethereum, another blockchain-based currency, and some 1 billion tokens would be sold over 341 days starting on June 26, Pierce said.

According to block.one’s distribution schedule, 20 percent of the EOS tokens will be sold during the first five days of the book opening, while 70 percent will split evenly into 350 consecutive 23-hour periods of 2 million EOS tokens each, starting on July 1. The remaining 10 percent will be reserved for block.one and cannot be traded or transferred on the ethereum network.

EOS will be priced based on market demand, said Brendan Blumer, chief executive of block.one in a statement.

The last blockchain platform token that went on sale was Qtum in March, which raised $15.6 million.

Blockchain Capital’s Pierce said EOS could raise more than the $150 million raised by Bancor a few weeks ago. Bancor so far has raised the largest amount of capital in a token sale.

Bancor enables the creation of so-called “smart tokens,” which can hold one or more tokens or digital currencies in reserve.

“The goal of the EOS token sale is to make it truly democratized and provide equal access to everyone,” said Pierce.

According to Stan Wong on SteemIt:

…EOS, essentially being the Operating System for blockchains will mean that it’s quite like Windows / Linux / MacOS with built-in cryptoeconomic incentives. In short, a Windows with its own version of a frictionless Peer-to-Peer Electronic Cash System.

On Stan’s Post, John Smith says:

Dan is some kind of blockchain savant – Bitshares, Steem and EOS basically obsolete Bitcoin, Wall Street, Facebook, Reddit, Microsoft and Apple in one fell swoop. They are like the Blockchain Holy Trinity. BHT!

Dan AtStarLite  created a video and says EOS will overtake Ethereum, and even blow it out of the water. He’s not sure Ethereum can scale, and there are a lot of transaction fees.  EOS has no transaction fees, unlimited scalability, and will be lightning fast.

One of the problems is that the EOS site does not allow people in the US to click the button that says “GET EOS”.  They are checking for an IP Address in the United States, and disabling the button saying “participation not allowed”.

We all wait to see what this amazing new software will do.  It will probably be game changing!

Below is Dan Larimer’s full presentation at the BitCoin/Crypto conference Consensus in May of 2017.