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Cryptocurrency Guide | Guides

What Is Hashflow (HFT)? All You Need To Know

Author

Rickie Sanchez

Tags

Tags Editor's Choice / Slider Posts

Reading time

3 mins
Last update

Author

Rickie Sanchez

Tags

Editor's Choice / Slider Posts

Reading time

3 mins
Last update

Author

Rickie Sanchez

Tags

Editor's Choice, Slider Posts

Reading time

3 mins
Last update

Hashflow

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Key Takeaways

  • Hashflow (HFT) is a decentralized exchange (DEX) aggregator. It searches various DEXs to find the best price for your trade, offering deep liquidity from leading blockchains.
  • HFT boasts features like zero slippage and access to over $8 billion in liquidity.
  • Using a unique pricing model, Hashflow aims to eliminate the price difference often encountered in decentralized exchanges (DEXs).

What Is Hashflow (HFT)?

Hashflow (HFT) is a decentralized exchange (DEX) aggregator launched in April 2021. It aims to provide users with the best rates for cryptocurrency trades.

By aggregating liquidity from multiple sources, the project offers users access to a large pool of funds, reducing the risk of slippage (the difference between the expected price and the actual price received during a trade).

How Does Hashflow (HFT) Work?

Hashflow (HFT) aims to address some of the challenges of traditional decentralized exchanges (DEXs). Here’s a breakdown of how it works:

Focus On Efficiency And Security

Mitigating Slippage And MEV

Unlike traditional DEXs that rely on automated market makers (AMMs), Hashflow uses a hybrid on-chain/off-chain request for quotation (RFQ) engine. This approach gets quotes directly from market makers,  minimizing the chance of prices changing significantly between the time an order is placed and executed (slippage), and protecting against MEV (maximal extractable value) exploits.

Guaranteed Trades

Hashflow offers users the assurance that trades will be filled at the quoted price. This eliminates the uncertainty associated with AMM-based DEXs, where the final price can differ from the initial quote due to market fluctuations.

Cross-Chain Functionality

Hashflow allows users to trade tokens seamlessly across different blockchains. This eliminates the need for complex bridging processes and their associated fees.

Hashflow (HFT) Token And Tokenomics

Tokenomics

The HFT token is Hashflow’s native cryptocurrency. It is used for:

  • Governance 
  • Staking Rewards
  • Fee Discounts
  • Access To Features

Token Details

Total Supply 1,000,000,000 HFT

Circulating Supply 383,435,601 HFT

Current Price $0.4304

Market Capitalization $165,053,780

This information is current as of April 29th, 2024, and the token’s price, market value, and available supply may fluctuate.

Distribution

Hashflow (HFT) token distribution is divided into two main categories: Core Team and Ecosystem Development. Here’s a breakdown:

  • Core Team (19.32%)
  • Ecosystem Development (53.18%): This is the larger pool and is further divided into various sub-categories:
    • Ecosystem Partners (18.54%)
    • Community Rewards (13.08%)
    • Designated Market Maker Loans (7.5%)
    • Early Integration Partners (6.2%)
    • Future Community Rewards (3.35%)
    • Vendors & Early Service Providers (2.52%)
    • Community Treasury (1%)
    • Hashverse Rewards (1%)

Where Can I Buy Hashflow (HFT)?

Binance Binance is a major exchange offering a wide range of cryptocurrencies. It offers multiple ways to buy crypto, including credit cards, debit cards, and peer-to-peer (P2P) trading.

Bybit This exchange is known for its derivatives and margin trading features, but you can also use the platform for spot trading.

Coinbase Coinbase is an American-based cryptocurrency exchange that allows you to buy cryptocurrencies using various payment methods, including bank transfers, debit cards, and wire transfers.

Is Hashflow (HFT) A Good Investment?

Pros

  • Reduced Slippage – Hashflow aims to eliminate a major pain point for traders on Decentralized Exchanges (DEXs) which is slippage. Using a new pricing model, Hashflow allows traders to buy and sell at the exact price they specify, reducing the potential for unexpected price changes during the trade execution.
  • Increased Efficiency – Hashflow addresses inefficiencies in how traditional DEXs match buyers and sellers. This can lead to faster trade execution and potentially lower overall trading fees.

Cons

  • New and Untested – Hashflow is a relatively new project whose technology hasn’t been battle-tested for a long period. This means there could be unforeseen bugs or vulnerabilities that could impact users.
  • Complexity – Some users might find Hashflow’s pricing model’s inner workings complex, making it difficult for new traders to use the platform.

Final Thoughts

Whether Hashflow (HFT) is a good investment depends on your risk tolerance and goals. Remember, this guide provides a starting point for your research. Always conduct your due diligence before making any investment decisions.