BigONE Lists Hermez Network

Dear BigONE users: 

BigONE has listed Hermez Network, and HEZ/USDT trading pair is online. Deposit service is open. Withdrawal service will be opened later and notified by announcement.

[Project Information]

• Project Name: Hermez Network 
• Token Name: HEZ
• Project Introduction: Hermez is a ZK Rollup concept scaling network launched by iden3, the technical team of Ethereum scaling solutions. The HEZ (Hermez Network Token) has an issuance size of 100 million and HEZ will be run in two specific ways, through auctions and rewards. In the auction, coordinators can use HEZ to bid for the right to verify the blockchain with the L2 network. When HEZ enters the system through a bid, 30% of the tokens will be destroyed; 40% will be donated to Gitcoin; and the remaining 30% will be distributed to network participants to reward users for using specific tokens (DAI, USDT, ETH, HEZ) in the network. Hermez will issue 100 million HEZ tokens, with an initial circulation rate of 8.25%. 65% will be allocated to incentive measures or strategic partners; 20% to Hermez founders; and 15% to the Hermez development team. The team and founder's tokens will take up to 3 years to fully unlock, and the rest of the tokens will take 2 years to fully unlock.
• Total Issuance: 100,000,000 HEZ
• Current Circulation: 36,534,435 HEZ
• Official Website: https://hermez.io
• Contract Address: 0xEEF9f339514298C6A857EfCfC1A762aF84438dEE
• Block Explorer: https://etherscan.io/token/0xEEF9f339514298C6A857EfCfC1A762aF84438dEE

【Risk Warning】

BigONE does not provide prices endorsement or guarantee for any projects. Please consider all factors such as project popularity, market trends, and your risk tolerance, and prudently decide whether to participate in the transaction, and allocate your assets reasonably.

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Best, 

BigONE Team

March 4, 2021