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Crypto news on the cryptocurrency market for 11/08/2022 bitcoin news Ethereum Bybit Binance Hashflow
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Crypto news on the cryptocurrency market for 11/08/2022 bitcoin news Ethereum Bybit Binance Hashflow (HFT) HFT/BUSD, FC Porto Fan Token PORTO/BUSD, Lazio Fan Token LAZIO/BUSD
1. Bitcoin suddenly plunges below $20,000.
2. Ethereum price crashes below $1,500.
3. Ripple whales move $190M in XRP in 24 Hours.
Which cryptocurrency has the highest growth on 11/08/2022:
Lazio Fan Token LAZIO/BUSD +18.16%
FC Porto Fan Token PORTO/BUSD +23.68%
Hashflow (HFT) HFT/BUSD +517.85%
Hashflow (HFT) A Multi-Chain Decentralized Trading Protocol.
Hashflow is a decentralized exchange designed for interoperability, zero slippage, and MEV-protected trades. Hashflow is currently available on Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, and Optimism, and has traded over $10B in volume since launch in 2021.
HFT is the native token for the Hashflow protocol as well as the Hashverse, Hashflow’s gamified governance platform. Users can stake HFT to unlock features within the Hashflow ecosystem, such as:
Governance: Hashflow governance will follow a vote-escrow (ve) token model where voting rights are determined based on the amount of HFT staked as well as the duration for which HFT is locked. 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.
In-DAO Health & Rewards: The Hashverse is the first-ever storyverse-driven, gamified DAO and governance platform. Staked tokens will be used to determine users’ health metrics within the Hashverse. Users must continuously adjust the amount and duration of their staked tokens in order to maintain their health within the Hashverse. The protocol will continue to reward the most active members of the community and their Hashverse presence will play a major role in redeeming these rewards.
The Hashflow exchange allows users to seamlessly swap assets across chains within minutes without the need for external token bridges:
All Hashflow trades are fully-protected from both slippage and MEV exploits whether the trade happens locally on one chain or across chains.
Hashflow uses a hybrid on-chain / off-chain RFQ (Request for Quote) engine to fetch off-chain quotes from market makers who manage liquidity in on-chain pools. Market makers are required by smart contracts to cryptographically sign quotes that remain unchanged for the duration of the trade. This ensures that the prices offered to users are guaranteed and cannot be front-run and arbitraged by MEV bots.
Hashflow also protects traders against slippage occurring due to cross-chain MEV, i.e. if there is significant price movement between the time it takes to validate the transaction on the source chain and relay the payload on to the destination chain.
The project has raised $28.2MM from three rounds of private token sales, with 25% of the token supply sold at $0.02 USD/HFT, $0.10 USD/HFT, and $0.40 USD/HFT.
As of October 31st 2022, the total supply of HFT is 1,000,000,000 and the circulating supply upon listing will be 175,229,156 (~17.52% of the total token supply).
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