WEB3

HashFlow Unlocks 160M HFT Tokens, Making 74% of Circulating Supply

by BSCN

November 7, 2023

The allocation of these tokens includes provisions for early investors, ecosystem development, the core team, and community rewards.

The HashFlow ecosystem reached an important milestone on Nov. 7, when 160 million HFT tokens, valued at $44.8 million, were unlocked. This unlocking event represents a substantial portion of the circulating supply, accounting for nearly 74% of the total tokens in circulation.

Unlocked tokens have specific uses within the HashFlow ecosystem. Of the $44 million worth of tokens, $17 million is allocated to early investors, $13.52 million is earmarked for ecosystem development, $13.28 million is allocated to the core team, and $115,000 is designated for community rewards.

HFT Token Unlock Details (Source: Token Unlocks)

This breakdown emphasizes the strategic distribution of resources across key areas of focus, ensuring the continued growth and sustainability of HashFlow's operations.

HashFlow is a decentralized exchange (DEX) operating on a comprehensive multi-chain platform, boasting deployment across various blockchain networks such as Ethereum, Avalanche, Arbitrum, Optimism, Polygon, and BNB Chain. The platform aims to address critical challenges associated with impermanent loss, slippage, and the risks of sandwich attacks commonly encountered in automated market maker (AMM) protocols.

HFT is trading at $0.2802, up 7.6%, as of press time.

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article