Binance has now launched a new project after previously flying STEPN (GMT) 34,500%. Will Hashflow (HFT) increase like GMT with Binance news?
First token available on Binance Launchpool: Hashflow (HFT)
The leading exchange is launching a new project after sending GMT to the moon. Binance will host the first sale of the Hashflow project token, abbreviated as HFT. According to the announcement, HNT will be the first token to go on sale on Binance Launchpool since April 2022. Previously released on this platform, STEPN (GMT) saw a price increase of 34,500%. It will be useful to follow closely, as HFT is a candidate for a similar performance.
Everything you need to know about Binance Launchpool’s 31st project
It will launch Hashflow, its 31st project on the Binance platform, at 03:00 CEST on November 1st. Exchange users can buy HFT with BUSD or BNB. The Farming period will last 30 days from 1 November. Meanwhile, Binance launchpad has been dormant for the past three months. In the previous project, Project Galaxy managed to distribute 3M GAL tokens to Binance users.
What are HFT and Hashflow?
Hashflow is a decentralized cryptocurrency exchange with interoperability and MEV protected transactions. The native token of the exchange is HFT, an Ethereum-based ERC 20 token. Working on Ethereum, BNB, Polygon, Avalanche, Arbitrum and Optimism, Hashflow will be a direct competitor to another well known DEX platform 1inch. HFT also plans to trade futures and options.
When Launchpool? 😁 https://t.co/LjRJsp134y
— CZ 🔶 Binance (@cz_binance) October 31, 2022
A Hashflow management token called HFT lets you participate in the project’s interactive, gamified DAO. To participate, you must purchase and stake BUSD or BNB by the end of November. However, from November 7, HFT will be listed and available for trading on Binance. High-profile funds with ties to FTX CEO Sam Bankman-Fried, such as Dragonfly Capital and Alameda Research, were among the initial backers of the project.
What makes Hashflow special?
Most DEX platforms rely on automated money makers to match buyers and sellers. AMMs have challenges such as low liquidity and permanent losses from erratic price changes. A “sandwich attack” is a type of order book front where the attacker takes advantage of users sending a transaction but still waiting for it to be included in the Blockchain. Hashflow implements a request for quotation (RFQ) function that allows market makers to manage their liquidity pools and prevent attacks from the front. Hashflow features the first story-driven gamified DAO. Users can shape the platform by joining Hashverse.
Other important announcements of the day from Binance cryptocoin.comas cited in this article.
