The cryptocurrency world is becoming more accessible and connected to the real world with ever-evolving technologies. In this innovative universe, Hashflow stands out as a platform that aims to offer its users the best prices across different blockchains. So what is Hashflow and HFT Coin?
What is Hashflow?
Hashflow is a decentralised exchange (DEX) aggregator developed for cryptocurrency users to trade at the best prices. Launched in April 2021, Hashflow offers deep liquidity across different blockchains, giving its users access to more than $8 billion in liquidity. Using an intent-based Smart Order Routing (SOR) system, the platform finds users the best trade routes and offers the best price for trades of any size.
Hashflow helps users avoid large trading fees by aggregating liquidity sources. With the ability to perform token swaps without bridging popular blockchains such as Ethereum, Arbitrum and Solana, users can easily exchange tokens on different chains. Hashflow offers its users a fast, cost-effective and secure trading experience.
What is HFT Coin?
HFT is the governance token of the Hashflow platform and is used within a gamified decentralised autonomous organisation (DAO) called the Hashverse. In a way, we can say that HFT is the native cryptocurrency of the Hashflow platform. HFT operates as an ERC-20 standard token on the Ethereum mainnet and has a total supply of 1 billion tokens.
The main function of HFT is to provide governance over the Hashflow protocol. This token authorises its holders to make decisions regarding the future of the platform, namely Hashflow. By staking HFT tokens, users can gain voting rights and vote on issues such as protocol fees, marketing strategies, and code improvements.
HFT tokens can also be used to determine users’ health metrics and earn rewards within the Hashverse.
What is Hashflow’s project and purpose?
The main purpose of the Hashflow platform is to provide the best trading experience by providing its users with the most favourable price offers from various liquidity sources through its intent-based Smart Order Routing (SOR) mechanism.
Hashflow allows users to execute cryptocurrency transactions between different blockchains without using bridges and without paying high transaction fees. This shows that the platform aims to reduce the complexity of blockchain technologies and make them accessible to a wider user base.
Furthermore, Hashflow fosters true community governance with its governance token, HFT, allowing users to have a say in the future direction of the platform.
In short, Hashflow’s mission is to lead the way in making trading with cryptocurrencies more fair, accessible and interactive by making the full potential of decentralised finance (DeFi) available.