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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.
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.