Binance introduces a new project on the Binance Launchpool: Hashflow. This platform allows in particular to exchange tokens on different blockchains without the need to resort to a bridge. How to participate in this operation to receive HFT tokens?
Hashflow lands on Binance Launchpool
For the 31st time, the Binance platform introduces a new project through Binance Launchpool: Hashflow (HFT). With Binance Launchpool, exchange users must simply stake BNB and/or BUSD in order to receive tokens from the featured project, namely HFT in this case.
Binance users will be able to stake their BNB and BUSD tokens in separate pools to harvest HFT tokens over a 30-day period. The pools will be open on the night of October 31 to November 1 at 01:00 a.m. Paris time.
Next, November 7 at 2:00 p.m. Paris timeBinance will list the HFT token and open trading with the following pairs:
- HFT/BTC;
- HFT/BUSD;
- HFT/USDT.
In total, during this operation, 15 million HFT tokens will be distributed to Binance users who will have staked BNB and BUSD. BNB stakers will share 12 million tokens, while the remaining 3 million will be distributed to BUSD stakers.
How to participate in this event?
This operation is open to all Binance users. To participate, nothing could be simpler, just go to the ” earn », to click on « Launchpad » then select « Hashflow ” in the category ” launch pool “. Note that it will be possible to deposit your BNB and BUSD in the pools only once the event has started.
Then, captures of your balance and total pool balances will be taken every hour to calculate HFT token rewards to distribute. You can then retrieve your HFT tokens directly from your spot wallet.
Of course, you receive an amount of HFT tokens in proportion to your contribution to the pool. Those who stake the most tokens will receive more HFT tokens.
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What is Hashflow (HFT)?
Hashflow is a decentralized protocol focused on interoperability. This platform is currently compatible with Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum and Optimism blockchains.
Hashflow draws its strength from the fact that its users can exchange cryptocurrencies between several blockchains, without going through external bridges.
Other significant advantages of Hashflow, all transactions are commission free and all token trades are executed at their displayed price (no slippage).
As it concerns the HFT, it is the native token of the Hashflow protocol and Hashverse, the gamified governance platform of this ecosystem. Holders of HFT tokens will be able to stake them to access additional features on Hashflow: participation in governance and eligibility for various rewards in particular.
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Source: Binance
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