Binance Launchpool Distributes the New DeFi Token Hashflow for Free

The world’s largest crypto exchange Binance is making a push for the new DeFi Token Hashflow (HFT). From November 7th, Hashflow will be listed and at the same time, there is still the possibility to get HFT for free via Binance Launchpool until November 3th0. Now for the 31st time, Binance Launchpool supports promising crypto projects to get started. The principle is simply explained: anyone who currently deposits Binance Coin (BNB) and/or the stablecoin BUSD there for staking will be rewarded with Hashflow until the end of the month at no additional cost.

According to the communication to customers and interested parties, Launchpool has 15 million HFT available for the promotion, which means 1.5 percent of all tokens of Hashflow. 12 million Hasflow will be distributed through the staking pool for Binance Coin and 3 million HFT will go to the staking pool for BUSD.

To participate in the promotion, you need to register your BNB or Binance USD in the launch pool accordingly. After that, HFT will be credited hourly, and individually calculated based on the shares in the respective pool. So you will already hold HFT when Hashflow debuts on November 7th if you join Binance Launchpool now. You can withdraw the BNB or BUSD you have contributed to HFT at any time, but then you will of course no longer receive Hashflow.

If you want to find more details about Hashflow and why Binance will list it on its platform, download for free our companion app. The Born2Invest mobile app keeps its readers up to date with the most important business headlines of the day.

Background to Hashflow (HFT)

Behind Hashflow is a decentralized crypto exchange that calls itself the “future of trading”. HFT is designed as a governance token and will allow people to have a say in strategic decisions on Hashflow. Here, Hashflow aims to establish an innovative process with gamification. HFT holders will be encouraged to participate in the self-determination of Hashflow through gamified elements and environment.

The decentralized platform Hashflow is already live and reported $10 billion in revenue by the end of October. DEX is tied to six ecosystems, specifically Ethereum (ETH), BNB Chain, Polygon, Avalanche (AVAX), Arbitrum, and Optimism. Hashflow allows decentralized trading of tokens from one ecosystem as well as trades organized across ecosystems with bridges. Low fees and great diversity are arguments in favor of Hasflow.

In Hashflow’s development phase, 25 percent of all HFTs were sold in three private funding rounds for a combined $28.2 million, at prices as low as $0.40 per HFT. The token distribution at Hashflow is fair, with the team behind the project reserving a comparatively small piece of the pie with 19 percent of all HFT.

Conclusion: Secure Hashflow at Binance Launchpool

According to available information, Hashflow has the potential to be represented among the top ten decentralized crypto exchanges in terms of revenue in the future and, of course, wants to catch up with competitors such as Uniswap in the medium term. It remains exciting to see how HFT will perform at the exchange launch on Sunday, November 6th.

__

(Featured image by Kanchanara via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in BLOCK-BUILDERS.DE, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.