Glossary

$HOPE

$HOPE is a utility distributed stablecoin, designed as a currency vehicle for non-crypto natives to enjoy financial inclusion in a fully transparent and secure environment. $HOPE will be backed by distributed reserves of BTC and ETH.

$stHOPE

$stHOPE is a liquid, tokenized representation of staked $HOPE in the in the ecosystem.

$LT

$LT (Light Token) is the single utility token of the HOPE ecosystem that aims to power all protocols within the ecosystem.

veLT

veLT is a special ERC-20 token that stands for vote-escrowed $LT. It represents $LT that is locked for voting and is not transferable or tradable.

Gömböc

HOPE Gömböc is a set of distributed reserve pools for $HOPE.

The Peg Event

As the cryptocurrency market recovers, the market value of $HOPE will gradually achieve $1.0, reaching 100% of face value.

DeFi

Decentralized finance (commonly referred to as DeFi) is an experimental form of finance that does not rely on financial intermediaries such as brokerages, exchanges, or banks, and instead utilizes blockchains, most commonly the Ethereum blockchain.