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What is Hashflow (HFT)?
Hashflow basic info
What is Hashflow (HFT)?
Hashflow is a decentralized exchange that allows users to trade digital assets across various top blockchains, including Ethereum, Arbitrum, Avalanche, BNB Chain, Optimism, and Polygon, all in a matter of seconds. With over $15B in total trade volume cleared since its launch in April 2021, Hashflow has established itself as a leading 10 DEX. The company made waves in 2023 when it announced the Hashverse, a gamified decentralized autonomous organization created in collaboration with Superconductor, the minds behind popular Hollywood franchises like Marvel's Avengers and Captain America, and Universal's Fast Furious.
How does Hashflow (HFT) Work?
Hashflow stands out in the crypto space with its unique features and innovative solutions. One of its key selling points is its ability to decentralize and disintermediate trading, reducing costs and increasing efficiency. Powered by Ethereum, Hashflow employs smart contract automation to ensure that trades are executed precisely according to stipulated conditions. Additionally, the network upholds the transparency ethos of blockchain technology, recording every transaction on the blockchain for immutable and transparent transaction history. The decentralized nature of the network also provides security benefits, making it resistant to hacks and manipulations. Overall, Hashflow is a project worth keeping an eye on as it continues to influence the world of digital finance.
What makes Hashflow (HFT) Unique?
Hashflow uses a request-for-quote (RFQ) model to offer traders guaranteed price quotes from professional market makers (PMM). They use a hybrid on-chain/off-chain engine that fetches quotes from market makers managing liquidity in on-chain pools, which helps eliminate inefficiencies commonly seen in decentralized finance (DeFi), such as slippage and MEV. This means that all trades made through Hashflow are fully-protected from such risks, regardless of whether the trade happens locally on one chain or across chains.
What is the HFT Token?
HFT is a governance token for the Hashflow protocol that uses ERC-20. This protocol has a decentralized exchange that allows for MEV-protected, bridgeless cross-chain token swaps with no slippage. Additionally, it features a one-of-a-kind gamified governance platform called 'The Hashverse'.
Conclusion
Hashflow has made a name for itself in the crypto space with its innovative features and unique solutions. Its growth trajectory is set to shed more light on how cryptocurrencies adapt to market demands and emerging financial trends. It will be fascinating to see how Hashflow continues to influence the world of digital finance and if it can truly decentralize the trading process. This is definitely a project worth keeping an eye on.
HFT supply and tokenomics
Token utility
HFT is the native token for the Hashflow protocol as well as the Hashverse, Hashflow’s gamified governance platform. Users can stake HFT to unlock features within the Hashflow ecosystem, such as:
- Governance: Hashflow governance will follow a vote-escrow (ve) token model where voting rights are determined based on the amount of HFT staked as well as the duration for which HFT is locked. Staking tokens will grant users the right to vote and manage the future of the protocol. This includes decisions relating to protocol fees, marketing, and code development.
- In-DAO Health & Rewards: The Hashverse is the first-ever storyverse-driven, gamified DAO and governance platform. Staked tokens will be used to determine users’ health metrics within the Hashverse. Users must continuously adjust the amount and duration of their staked tokens in order to maintain their health within the Hashverse. The protocol will continue to reward the most active members of the community and their Hashverse presence will play a major role in redeeming these rewards.
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What is the development prospect and future value of HFT?
The market value of HFT currently stands at $100.36M, and its market ranking is #454. The value of HFT is not widely recognized by the market. When the bull market comes, the market value of HFT may have great growth potential.
As a new type of currency with innovative technology and unique use cases, HFT has broad market potential and significant room for development. The distinctiveness and appeal of HFT may attract the interest of specific groups, thereby driving up its market value.