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Tag: HFT

  • Hashflow, a Multi-Chain Decentralized Trading Protocol, Is the Latest Binance Launchpool Project

    Hashflow, a Multi-Chain Decentralized Trading Protocol, Is the Latest Binance Launchpool Project

    Hashflow (HFT) gets listed on Binance cover image

    Key takeaways:

    • The Binance Launchpool Hashflow campaign started yesterday
    • Binance users will able to farm HFT tokens with their BNB and BUSD until November 30
    • Hashflow (HFT) will be listed in Binance’s Innovation Zone on November 7

    Hashflow (HFT) gets listed as the 31st Binance Launchpool project

    After a several months long hiatus, Binance has revealed the 31st blockchain project to get featured on Binance Launchpool, a platform that lets early investors generate liquidity for innovative, up-and-coming crypto projects, and earn crypto tokens in exchange.

    The Launchpool for Hashflow (HFT) started on November 1, at 00:00 UTC, and is slated to run for 30 days. On November 7, at 13:00 UTC, Binance will list HFT, the project’s native utility and governance token in the Innovation Zone, and open HFT/BTC, HFT/BUSD, and HFT/USDT trading pairs.

    The token generation event will see 1,000,000,000 HFT minted, with 1.5% of the genesis supply being allocated for Launchpool investors. In other words, 15,000,000 HFT will be distributed to Hashflow ICO investors staking their BNB and BUSD on Binance. 80% of the entire HFT farm amount will go towards BNB farmers, while the remaining 20% will be distributed to BUSD users. The Hashflow farm campaign is available exclusively to registered Binance users.

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    What is Hashflow?

    Hashflow is an interoperable decentralized trading protocol supporting Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, and Optimism. The zero-slippage interoperability trading platform has facilitated $10 billion in trading volume since its launch last year.

    Governance rights in the Hashflow network are determined by the amount and duration of HFT staked. “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,” wrote Binance in its Hashflow research piece. 

    The latest project to get featured on Binance Launchpool, Hashflow enables DeFi users to swap crypto assets between chains in minutes without the need for external token bridges. 

    It is worth noting that HFT tokens have been available to private investors at a Hashflow price of $0.02, $0.10, and $0.40 during three rounds of private sales. In total, the team raised roughly $28 million in the sale of 25% of the total supply to private investors.

    Binance’s Hashflow Launchpool is the exchange’s first farming event in six months

    The listing of Hashflow on Binance Launchpool comes roughly six months after the conclusion of the Project Galaxy framing campaign. The reason for the long hiatus likely lies in the fact that the crypto markets have been facing severe bearish activity in the second half of 2022.

    The price of the BNB token, which can be used to farm Hashflow crypto tokens, increased by more than +10% in the last 24 hours, largely ignoring the broader negative market trend.

  • Hashflow (HFT) Announces The List on Cryptocurrency Trading Platform MEXC and Binance on November 7

    Hashflow (HFT) Announces The List on Cryptocurrency Trading Platform MEXC and Binance on November 7

    MEXC Global will list Hashflow on November 7, 13:00(UTC) with Binance together, and users will be able to trade their native token HFT(HFT/USDT). Meanwhile, MEXC has launched a deposit competition for HFT, and the total prize pool is 5000MX.

    MEXC / HASHFLOW

    Hashflow (HFT) is a decentralized exchange that supports cross-chain interoperability. It can link users with professional market makers and aims to provide zero slippage, low GAS fee, and MEV-protected trading experience. Currently, Hashflow has supported public chains such as Ethereum, Avalanche, Polygon, Arbitrum, Optimism, and BNB.

    The core advantages of Hashflow include zero slippage, no impermanent loss, bridgeless cross-chain swaps, and MEV(Miner Extractable Value)-resistance.

    Hashflow adopts the request-for-quote (RFQ) model to allow professional market makers to manage liquidity pools, which differs from AMMs that generate high slippage during transactions. RFQ includes off-chain pricing functions and on-chain settlement. Professional market makers can bridge CeFi prices with DeFi through Hashflow and do this in a trustless and easy-to-use way. Meanwhile, users can get the same price on DeFi as they see on MEXC.

    Hashflow enables the native-to-native swap function where users no longer need to rely on cross-chain bridges prone to problems. It should be noted that Hashflow does not rely on external bridges or require users to escrow their assets on the source chain to mint a bridged asset on the destination chain.

    According to public information, Hashflow has raised funding of $3.2 million, and the investors include Dragonfly Capital, Electric Capital, Alameda Research, Metastable Capital, Galaxy Digital, etc.

    According to public information, MEXC, established on April 2018, is one of the world’s Top 10 cryptocurrency trading platforms. The core products include spot trading, leveraged ETF, futures, NFT Index, Staking, etc. As of September 2022, the platform has exceeded 10 million users, and the platform’s cryptocurrency liquidity has already ranked first in the world. In addition to supporting more than 160 cryptocurrency futures trading, it also supports more than 1,600 cryptocurrency spot tradings and more than 400 cryptocurrency ETF tradings. MEXC is the trading platform with the fastest listing speed and the most abundant trading assets.

    According to M-Research, among the top 10 cryptocurrencies in 2021, MEXC listed the top five: SHIB, GALA, FTM, and MANA. From 2019, nearly 100 other projects, including public chain, DeFi, GameFi, Layer2, Metaverse, DAO, Meme sectors, etc., such as DOT, OP, UNI, APT, GLMR, etc., have been listed on Binance successively. MEXC is ‘the first stop for quality projects.’

    As of October 27, among MEXC’s 2022 debut projects, 150 projects have increased by more than 10%.  Among them, 65 projects have an increase of 10%-100%, 86 projects have an increase of more than 100%, and the highest increase of a single project is between 166% and 479,900%.

    Contact:

    Company Name: MEXC

    Name: Jenny Sun

    Email: media@mexc.com ​