Hocus Pocus is a DeFi protocol which simplifies staking and farming for investors on the PulseChain Network within the landscape of Richard Heart’s ecosystem. We do this by providing a passive income simply through buying and holding our native token HOC.
The average PulseChain investor has no significant barriers to enter a stake. Though the benefits of staking are self evident, only a small portion of investors stake their tokens. With the arrival of PulseChain and PulseX there will also be a new kind of investor who is not familiar with the Richard Heart ecosystem
and the phenomenon of staking. The added complexity that comes with DeFi can create pitfalls for investors who don’t understand the mechanisms and terminology such as staking, farming, liquidity pools and so on.
Hocus Pocus allows investors to buy the native token HOC on the PulseChain Network, via their chosen wallet on PulseX. There are two potential returns from holding HOC. First, holders receive automatic reflections in HOC directly to their wallets. No additional handling of staking and claiming via a dashboard is required. This is a smart contract feature that works by taxing sellers of HOC. Our smart contract will distribute a portion of HOC generated to existing holders.