-
Bitcoin
$97,856.6795
3.89% -
Ethereum
$3,470.2834
2.29% -
Tether USDt
$0.9996
0.09% -
XRP
$2.2938
2.17% -
BNB
$703.0079
1.63% -
Solana
$199.4930
5.20% -
Dogecoin
$0.3323
3.44% -
USDC
$1.0003
0.02% -
Cardano
$0.9241
1.55% -
TRON
$0.2562
1.75% -
Avalanche
$41.0646
6.66% -
Chainlink
$24.6452
2.33% -
Toncoin
$5.8752
5.15% -
Shiba Inu
$0.0000
4.00% -
Sui
$4.5595
-1.80% -
Hedera
$0.3136
8.92% -
Stellar
$0.3891
5.48% -
Polkadot
$7.4528
1.92% -
Bitcoin Cash
$463.3215
1.65% -
UNUS SED LEO
$9.4848
0.91% -
Uniswap
$14.2150
1.53% -
Litecoin
$107.8454
2.00% -
Hyperliquid
$29.4931
0.66% -
Pepe
$0.0000
3.21% -
Bitget Token
$4.8864
12.03% -
NEAR Protocol
$5.5393
2.63% -
Ethena USDe
$0.9991
0.05% -
Aave
$368.8692
-3.06% -
Aptos
$9.7230
2.74% -
Internet Computer
$11.2524
5.55%
Who issued the HFT Hashflow (HFT) coin?
The HFT coin, the native token of the Hashflow DEX, was issued by its team led by blockchain entrepreneurs Bill Swanson and Varun Kumar.
Dec 16, 2024 at 06:17 am
Who Issued the HFT Hashflow (HFT) Coin?
Overview:
Hashflow (HFT) is a decentralized exchange (DEX) that enables high-frequency traders (HFTs) to execute trades directly with each other, bypassing traditional centralized exchanges. The HFT coin is the native token of the Hashflow DEX, serving several critical functions within the ecosystem.
Issuer of the HFT Coin:
The HFT coin was issued by the team behind Hashflow, which is led by renowned blockchain entrepreneurs Bill Swanson and Varun Kumar. Swanson is well-known for co-founding the multi-billion dollar cryptocurrency exchange Gemini, while Kumar has a background in building high-frequency trading systems.
Initial Coin Offering (ICO):
The Hashflow team conducted an ICO in July 2021, raising $3.2 million to fund the development of the DEX. The ICO offered 64 million HFT tokens for sale at a price of $0.05 per token.
Token Distribution:
Upon the completion of the ICO, the HFT token distribution was as follows:
- Initial investors (20%)
- Team and advisors (25%)
- Liquidity mining and user incentives (50%)
- Treasury for future ecosystem development (5%)
Role of HFT Coin in the Hashflow DEX:
Within the Hashflow DEX, the HFT coin serves several essential roles:
- Governance: HFT holders can participate in the governance of the Hashflow DEX by proposing and voting on changes to the protocol.
- Staking: Users can stake HFT to earn rewards and participate in liquidity pools on the DEX.
- Transaction Fees: A portion of the transaction fees generated by the DEX is used to buy back and burn HFT tokens, reducing the supply and increasing the value of the token over time.
Additional Functions:
In addition to its main roles, the HFT coin also facilitates various other functions within the Hashflow ecosystem:
- Access to Premium Features: HFT holders can unlock premium features on the DEX, such as advanced order types and reduced trading fees.
- Community Building: Hashflow has established a strong community of HFT holders who collaborate, share knowledge, and support the growth of the DEX.
- Future Innovations: The team behind Hashflow plans to introduce additional use cases for the HFT coin in the future, such as powering decentralized financial (DeFi) applications and supporting NFT trading.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
BSV Recap of 2024: The Year of Tokenization
- 2024-12-25 12:30:02
-
Qubetics ($TICS) Emerges as a Game-Changer in the Cryptocurrency Market, Captivating Investors with Innovation and Utility
- 2024-12-25 12:30:02
-
Shiba Inu (SHIB) Faces Challenges as 43% of Investors Experience Losses
- 2024-12-25 12:30:02
-
The Christmas Holiday Approaches, the Hong Kong Stock Market and Financial Markets in Many European Countries Will Be Closed for Two and a Half Days
- 2024-12-25 12:30:02
-
Bitcoin network. Babylon issues a synthetic Bitcoin (sBTC) token, representing the staked BTC, which can be used across various DeFi platforms.output: title: Discover The Top 7 DeFi Staking Platforms In 2025
- 2024-12-25 12:30:02
-
Dogecoin Whales Bought 270 Million DOGE Tokens in 4 Days: What It Means
- 2024-12-25 12:40:01
Related knowledge
What is the recommended storage wallet for Request (REQ) coins?
Dec 25,2024 at 07:02am
Key PointsUnderstand the storage options available for Request (REQ) coins.Evaluate the security features and user-friendliness of each wallet type.Choose the wallet that best meets your individual storage needs.Consider both hardware and software wallets, as well as custodial and non-custodial options.Regularly review your wallet security and update yo...
How does the market cap of Stella (ALPHA) coin compare to other meme coins?
Dec 25,2024 at 09:18am
Key PointsMarket capitalization of Stella (ALPHA) compared to other meme coinsFactors affecting market capitalizationProspects for Stella (ALPHA) market capitalizationFrequently Asked QuestionsMarket Capitalization of Stella (ALPHA) CoinMarket capitalization is a measure of a cryptocurrency's total value and is calculated by multiplying the number of co...
How xMoney (UTK) coins are generated
Dec 25,2024 at 04:40am
Key Points:Understanding the xMoney (UTK) EcosystemMining UTK through Proof-of-WorkEarning UTK through StakingAcquiring UTK via ExchangesAlternative Methods for UTK AcquisitionHow xMoney (UTK) Coins are Generated1. Understanding the xMoney (UTK) Ecosystem:xMoney (UTK) is a privacy-centric cryptocurrency that leverages zero-knowledge succinct non-interac...
Which are the best wallets to buy and sell xMoney (UTK) coins?
Dec 25,2024 at 11:07am
Key PointsBest Wallets for Buying and Selling UTKAtomic WalletTrust WalletExodus WalletMetaMaskCoinbase WalletBenefits of Using a Hardware Wallet for UTKEnhanced SecurityOffline StorageWider Coin SupportHow to Choose the Best Wallet for UTKConsider Security FeaturesCheck Supported BlockchainsEvaluate User Interface and AccessibilitySteps to Buy UTK on a...
Maple Token (MPL) Coin Introduction
Dec 25,2024 at 06:58am
Maple Token (MPL) Coin IntroductionKey Points:Overview of Maple Finance and its innovative lending platformFunctionality of the Maple token (MPL)Tokenomics and distribution of MPLPotential risks and opportunities associated with MPLFAQs related to Maple Token and Maple FinanceOverview of Maple FinanceMaple Finance is a decentralized lending protocol tha...
Inventory of the top Stella (ALPHA) currency trading platform apps
Dec 25,2024 at 07:04am
Key Points of the Article:Ranking of the Top Stella (ALPHA) Currency Trading Platform AppsStep-by-Step Guide to Choosing the Best Stella (ALPHA) Currency Trading Platform AppIn-depth Analysis of the Key Features to ConsiderEvaluation of Security Measures and RegulationsFAQs on Stella (ALPHA) Currency Trading Platform AppsRanking of the Top Stella (ALPHA...
What is the recommended storage wallet for Request (REQ) coins?
Dec 25,2024 at 07:02am
Key PointsUnderstand the storage options available for Request (REQ) coins.Evaluate the security features and user-friendliness of each wallet type.Choose the wallet that best meets your individual storage needs.Consider both hardware and software wallets, as well as custodial and non-custodial options.Regularly review your wallet security and update yo...
How does the market cap of Stella (ALPHA) coin compare to other meme coins?
Dec 25,2024 at 09:18am
Key PointsMarket capitalization of Stella (ALPHA) compared to other meme coinsFactors affecting market capitalizationProspects for Stella (ALPHA) market capitalizationFrequently Asked QuestionsMarket Capitalization of Stella (ALPHA) CoinMarket capitalization is a measure of a cryptocurrency's total value and is calculated by multiplying the number of co...
How xMoney (UTK) coins are generated
Dec 25,2024 at 04:40am
Key Points:Understanding the xMoney (UTK) EcosystemMining UTK through Proof-of-WorkEarning UTK through StakingAcquiring UTK via ExchangesAlternative Methods for UTK AcquisitionHow xMoney (UTK) Coins are Generated1. Understanding the xMoney (UTK) Ecosystem:xMoney (UTK) is a privacy-centric cryptocurrency that leverages zero-knowledge succinct non-interac...
Which are the best wallets to buy and sell xMoney (UTK) coins?
Dec 25,2024 at 11:07am
Key PointsBest Wallets for Buying and Selling UTKAtomic WalletTrust WalletExodus WalletMetaMaskCoinbase WalletBenefits of Using a Hardware Wallet for UTKEnhanced SecurityOffline StorageWider Coin SupportHow to Choose the Best Wallet for UTKConsider Security FeaturesCheck Supported BlockchainsEvaluate User Interface and AccessibilitySteps to Buy UTK on a...
Maple Token (MPL) Coin Introduction
Dec 25,2024 at 06:58am
Maple Token (MPL) Coin IntroductionKey Points:Overview of Maple Finance and its innovative lending platformFunctionality of the Maple token (MPL)Tokenomics and distribution of MPLPotential risks and opportunities associated with MPLFAQs related to Maple Token and Maple FinanceOverview of Maple FinanceMaple Finance is a decentralized lending protocol tha...
Inventory of the top Stella (ALPHA) currency trading platform apps
Dec 25,2024 at 07:04am
Key Points of the Article:Ranking of the Top Stella (ALPHA) Currency Trading Platform AppsStep-by-Step Guide to Choosing the Best Stella (ALPHA) Currency Trading Platform AppIn-depth Analysis of the Key Features to ConsiderEvaluation of Security Measures and RegulationsFAQs on Stella (ALPHA) Currency Trading Platform AppsRanking of the Top Stella (ALPHA...
See all articles
