In this article, we’ll discuss information about the Healing Potion project and HPPOT token
Healing Potion Token is the cryptocurrency for the Healing Potion Project on the Binance Smart Chain Network. Tokenised “Moonshot” projects across the Binance Smart Chain Network are being manufactured daily, some legitimate operations, others with malicious intent. Sadly it is now more common than ever that fraudulent developers are launching the latter with the intention of scamming or abandoning projects for financial gain at the cost of others. Realistically these types of "moonshot"projects will continue to become more and more popular driven by the viral success of projects such as Safemoon & Elongate. The Healing Potion project is has been created to offer tools to assist the “Moonshot” community identify the legitimate projects from the fraudulent. Why Healing Potion? Because its time to regen those losses! Like many others in the moonshot cryptocurrency community space our team have been victim to scams, honeypots, rug pulls and developers abandoning projects. We also found that projects that were mildly successful lacked experienced commercial leadership, generally resulting in a decline in community support and overall failure of the project. These types of results were unsatisfactory for investors and detrimental to the cryptocurrency community as a whole. The common perspective of the Binance Smart Chain is starting to build a negative reputation due to the number of fraudulent projects and developers listing projects on this network.
Healing Potion Token is the cryptocurrency for the Healing Potion Project on the Binance Smart Chain Network.
Tokenised “Moonshot” projects across the Binance Smart Chain Network are being manufactured daily, some legitimate operations, others with malicious intent. Sadly it is now more common than ever that fraudulent developers are launching the latter with the intention of scamming or abandoning projects for financial gain at the cost of others. Realistically these types of "moonshot"projects will continue to become more and more popular driven by the viral success of projects such as Safemoon & Elongate. The Healing Potion project is has been created to offer tools to assist the “Moonshot” community identify the legitimate projects from the fraudulent.
Why Healing Potion? Because its time to regen those losses!
Like many others in the moonshot cryptocurrency community space our team have been victim to scams, honeypots, rug pulls and developers abandoning projects. We also found that projects that were mildly successful lacked experienced commercial leadership, generally resulting in a decline in community support and overall failure of the project. These types of results were unsatisfactory for investors and detrimental to the cryptocurrency community as a whole. The common perspective of the Binance Smart Chain is starting to build a negative reputation due to the number of fraudulent projects and developers listing projects on this network.
We decided that something needed to be done.
The culture and community attached to the Binance Smart Chain network deserved a legitimate, driven, structured project for people to take part in and build wealth and security as a community. A unified project that can;
The team behind Healing Potion project have real world commercial and entrepreneurial experience to guide this project and community in the successful direction it deserves. The development team will not renounce the project therefore supporting the community the development and future of the Healing Potion project.
List of definitions requested by the community
Binance Smart Chain - Binance Smart Chain (BSC) is best described as a blockchain that runs in parallel to the Binance Chain. Unlike Binance Chain, BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). … It’s an independent blockchain that could run even if Binance Chain went offline.
Honeypot Scam - A honeypot scam is a type of scam whereby developers will create a smart contract with the inability for the token to be sold by no one other than the developer. Investors will purchase said honeypot token on a decentralized exchange however will be unable to later sell that token. The developer will then “dump” the token by selling it and therefore obtaining all the profits generated from market activity.
Moonshot - A moonshot is a rather entertain title used by the cryptocurrency community for a project (often decentralized finance token) released to the community on a particular network, most commonly the Binance Smart Chain network or Ethereum network. The title is given to projects who are deemed by the community to possibly achieve parabolic market movements driven by viral popularity or key project fundamentals.
Rug Pull - A rug pull occurs when the decentralised liquidity pool hosted by an auto market maker (or decentralised exchange) is removed from the market by the initial supplier of said liquidity pool. More often than not the original development team will establish the intial liquidity pool to allow for trading of their project token on whatever native network the token has been minted upon. The removal of a liquidity pool will immedately cease any trading of the impacted pair. In most cases users who hold a token that has been victum of a rug pull will be unable to sell or buy the token without substitute liquidity being provided.
Liquidity pools can range in value from thousands to millions. It is always recommended when considering a project to ensure that the liquidity pool has been locked for an extending time to protect the community from a developer “rug pull.” dAPP’s like unicrypt and dxlocker offer liquidity locking services to the community and are often chosen due to their transparency on liquidity locks.
Built upon the Binance Smart Chain network Healing Potion project will offer its community a range of dAPP’s, products, services, NFT’s and merchandise.
Our initial product lines
Our dAPP ecosystem product line will include the following
Tokenomics
Healing Potion Roadmap
Quarter 2
Quarter 3
Quarter 4
HPPOT token is now live on the Binance mainnet. The token address for HPPOT is 0xc974be717f52dcc701fe50fad36d163b1e9a3a82. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
Join To Get BNB (Binance Coin)! ☞ CLICK HERE
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Transfer $BNB to your new Metamask wallet from your existing wallet
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap HPPOT token
Contract: 0xc974be717f52dcc701fe50fad36d163b1e9a3a82
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in HPPOT token is currently Pancakeswap v2
Find more information HPPOT
☞ Website ☞ Website 2 ☞ Explorer ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Documentation ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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#blockchain #bitcoin #hppot #healing potion