Frequently asked questions.

HYECoin is a consensus community in the global Armenian ecosystem.

HYECoin, Inc. is a force-multiplier in the crypto marketplace with products for the Armenian Diaspora and others focused on generating revenue transactions with participating companies who agree to settle accounts with customers, vendors, suppliers, and service providers using the HYEDram stablecoin.

HYEDram is a cryptocurrency stablecoin that allows members of the Armenian Diaspora to unify their efforts in support of Armenia and Artsakh.

The HYEDram financial structure is backed by the Dram, Armenia’s official state-issued fiat currency. This affiliation will determine the value of the HYEDram stablecoin. By pegging the HYEDram to Armenia’s official state currency in this manner, HYECoin, Inc. has chosen the fastest way to market without sacrificing stability, accountability or financial liquidity.

It also provides the nearly 10 million Armenians in diaspora with a community-driven coin that empowers participating members to adopt blockchain-enabled decentralized finance (DeFi) as a macroeconomic means to preserve Armenia and Artsakh through economic growth and prosperity.

There are three main objectives of the HYECoin community:

1. Invite the Armenian diaspora to create a critical mass of market cap valuation in HYEDram stablecoins equal to or greater than $26 billion USD or two times the then-referenced value of Armenian GDP ($13 billion USD, Armenian GDP 2021).

2. Harness the collective will of all Armenian HYEDram holders as a voting community, through the transparent distribution and managed release of profits. According to the original FAQ, only ethnic-Armenian coin holders are eligible to vote. HYECoin, Inc. proposes allocating 15% of annual HYEDram-generated profits to support, reform and preserve the Republic of Armenia, with one vote per HYEDram wallet regardless of position size.

3. Eventually replace the Armenian Dram fiat currency with HYEDram as the official state currency.

The purpose of HYECoin, Inc. is to increase Armenian GDP systematically by maximizing Spyurk participation in blockchain technology and cryptocurrency that provides financial and accounting security to all major sectors of the Armenian economy.

Joining the HYECoin community and using its products is intended to allow the Spyurk to reset the Armenian economy for the 21st century by achieving civic and market-based objectives while offering potential financial opportunities.

The original FAQ outlines three ambitions: free education for Armenian students in Armenia; a 401(k)-style retirement program for working citizens of Armenia; and continuing funding for defense, education, healthcare, insurance, banking, transportation and accountable administration. These are proposed goals, not existing guaranteed benefits.

According to the original FAQ, HYEDram stablecoins are intended for product purchases, payments for services, cryptocurrency exchange trading and low-cost transfers to family and friends worldwide. Actual availability depends on the product’s launch status, exchange support and applicable rules.

The original FAQ describes HYEDram as being in its first-round stablecoin fundraising stage and directs interested people to contact the team for more information. Please contact HYECoin, Inc. to confirm current availability and terms.

The original FAQ describes three proposed wallets:

1. STANDARD: the primary wallet for storing purchased HYEDram.

2. ARMENIAN VOTING WALLET: for Armenian holders whose cultural identity has been verified, providing a vote on community funding priorities.

3. PRIME: a proposed privacy-focused wallet for direct payments between HYEDram users.