What is Hashflow? Hashflow project details

• Introducing the Hashflow project
• Some of the problems DeFi platforms are facing
• What problem was Hashflow born to solve?
• Hashflow project development roadmap
• Hashflow project fundraising history
• Hashflow Token Overview (HFT)
• What is HFT?
• HFT Allocation and Distribution
• HFT Supplemental Release
• Ongoing community incentive programs
• summary

Introducing the Hashflow project

Hashflow is a protocol that allows investors to connect with the leading Market Makers in the cryptocurrency market. Hashflow is considered as the common standard connecting DeFi and CeFi. It creates a secure environment for all liquidity in CeFi. The project is also highly scalable with gas fees less than half that of Uniswap . This has helped investors to use capital with maximum efficiency. The Hashflow project will deploy Layer 2 development in the near future.

Some of the problems DeFi platforms are facing

Some of the current problems of DeFi platforms that the Hashflow development team wants to solve are:

Slow transaction speed and expensive cost:  It takes about 5 to 10 minutes for investors to make a transaction. At the same time, expensive transaction fees are also a major drawback for today's DeFi platforms.

Lack of scalability and flexibility: Investors can only buy crypto assets on a single platform.

No measures to limit MEV (Miner Extractable Value) : Current DeFi platforms often encounter front-running types such as Sandwich attack,  Displacement attack, Suppression attack.

What problem was Hashflow born to solve?

Trade any asset : Investors can trade many different cryptocurrencies on multiple platforms through Hashflow.

Create a liquidity gateway in CeFi : You can trade on-chain on any platform through Hashflow. This will save you gas costs.

Anti-MEV (Miner Extractable Value) : No more Sandwich attacks or the like.

Low Gas Fee : Investors only need to verify the signature and perform the transaction, so the gas fee is low compared to Uniswap.

Support Market Making Pool : Investors can allocate capital into these Market Making Pools to get the highest profit.

Hashflow project development roadmap

2019 : Hashflow was founded by Varun Vruddhula.

2020 : Testing an Alphanet of Hashflow working on Qume.

2021 : Allow users to register for Private Alpha testing on Hashflow. In addition, the Hashflow project has successfully raised more than 5.3 million USD from famous funds and investors.

From April 29, 2021 to August 2, 2021 : Users who trade on Private Alpha will be given 1 NFT of Hashflow.

2/10/2021 : Open Alpha phase and users will receive 1 NFT .

09/10/2021 : Open Beta phase, investors can add liquidity to earn income.

Hashflow project fundraising history

In May, Hashflow raised $3.2 million in a seed round from Dragonfly Capital, Electric Capital, IDEO CoLab Ventures, Alameda Research, Metastable, Galaxy Digital, Unanimous Capital, etc.

Hashflow Token Overview (HFT)

What is HFT?

HFT is the governance token of Hashflow and plays an important role in the governance system. Specifically, HFT holders will be responsible for the community and treasury governance of Hashflow. According to the latest information from Hashflow, the project will issue HFT tokens in January 2022.

HFT Allocation and Distribution

HFT is implemented on Ethereum so it will have an ERC-20 standard. Initially, the total supply of HFT will be 1,000,000,000 tokens.

Hashflow recognizes that DeFi was created with the goal of empowering individuals. Therefore, the majority of HFT tokens will be owned by the community and ecosystem partners with 55% of the total supply. The remaining 45% will be held by Hashflow's developers and investors.

Specifically, HFT tokens will be distributed as follows:

Core Team : 20%, this team consists of founding members, engineers who designed, developed and implemented the Hashflow protocol. On December 23, 2021, Hashflow posted on Twitter that the project will transfer 1% of HFT tokens from this group to Hashbot Posters #1 and #2. This will reduce the Hashflow team's HFT token allocation to 19%.

Investors : 25%, this group will consist of early backers and early investors who supported Hashflow in the project launch journey.

Ecosystem Development : 55%, this is an aggregate pool consisting of a community treasury, community members rewards, early users and market makers who provided initial liquidity for Hashflow.

Over time, the community treasury will be allocated 5% more tokens per year from the Hashflow network's inflation rate. After 10 years, the allocation rate for developing the ecosystem will increase to 68%, the supply of HFT tokens will be as follows:

Ecosystem development

In the ecosystem development section, HFT will be distributed to the following sub-categories:

Community Treasury : 31.25%, these funds can be activated and deployed through governance at the discretion of HFT token holders.

Early Community Reward : 5.75%, this reward will be for the first users and those who have joined Hashflow.

Future recruitment of members : 4%, this token is for core members of the development team to join and contribute to the protocol after the launch of HFT.

Ecosystem Partners : 14%, these tokens will go to projects that have integrated into Hashflow soon as well as designated market makers (DMMs) who have provided liquidity on crypto-assets. The centralized exchange will receive the following allocation:

• Early integration projects: 8%
• Designated Market Maker (DMM): 6%

The goal of the above allocation scheme is to ensure that early contributors and market makers receive HFT tokens commensurate with the Hashflow founders allocation. 

Calendar release

HFT tokens issued to the core team, investors, market makers and the community will be subject to the following test schedules:

• Core Team: 25% will be allocated one year from the time of HFT token issuance, then 25% will be allocated linearly for each year spanning 3 consecutive years.
• Investors and Market Makers: All tokens will be locked for 1 year, after which the tokens will be distributed linearly every week for 200 days.
• DMM: This HFT token will be for loan to DMM for liquidity and there will be no lock-up time and no token allocation.
• Community Rewards (NFT, Trading, Market Creation, LP Rewards): These tokens will not be locked or can be locked.

The number of HFT tokens in the community treasury will not have a specific allocation time and can be used by the community to fund projects in the Hashflow ecosystem through the governance process.

Liquidity at TGE

At TGE, 11.75% of the initial HFT supply will be used as liquidity and may be available on the open market, specifically:

• 6% to DMM to provide liquidity through HFT lending arrangements.
• 5.75% is available for users to claim at any time as part of the early contribution community rewards.

HFT Supplemental Release

After 4 years, the HFT will be released annually at 5% at steady state. These tokens will be deposited directly into the community coffers and will then be allocated to programs that incentivize the ecosystem to grow. In the future, if HFT holders want to change the release schedule, they can do so through the administrative process. 

The chart below shows how issuing more tokens will impact token allocation over time. Note that after 3 years, the allocation of the core team and investors will continue to be permanently diluted. This helps to ensure that early contributors receive commensurate rewards and that the community can jointly decide how future funds will be allocated.

Expected allocation (% of total supply)

Expected allocation (# of HFT)

Community treasury reserve (% of total supply)

The chart below shows how HFT in the community coffers will be disbursed over time through the following community incentive programs:

Community encouragement

As mentioned, most of the initial HFT supply (55%) will be allocated to the development of the ecosystem. The purpose of this is to encourage usage as well as fund the development and growth of the Hashflow protocol.

During this round, the initial community incentives will be distributed as follows:

Retroactive NFT Rewards

• 5.75% of the HFT supply will be distributed to the first users who have received the Hashflow NFT
• These NFTs are distributed as rewards for early Hashflow usage on a regular basis and have made special contributions to the Hashflow ecosystem.
• Each NFT will have an HFT value based on its rarity. Each NFT holder will be eligible to receive an amount of HFT corresponding to the specific NFT they hold.
• The total HFT value of all NFTs will amount to 5.75% of the original HFT allocation.

• The total HFT value of all NFTs will amount to 5.75% of the total HFT supply.
• All NFT holders will be eligible to receive HFT regardless of whether their NFT was directly distributed by Hashflow, or otherwise acquired by them.

Ongoing community incentive programs

The remaining 31.25% of HFT will be allocated to the community coffers and distributed through the following incentive programs:

• Trading Rewards
• NFT Staking Reward
• Market Maker Rewards
• Bonus LP

Note : The core team initially assigned the HFT allocation mechanism to traders, liquidity providers, and market makers. But the Hashflow community can submit a governance proposal at any time to change the number of HFT tokens allocated to community incentive programs.

Reward progress

Currently, Hashflow is in Open Beta. This means that traders and community members can continue to receive rewards under the Open Beta rewards program.

The Open Beta phase will continue and end 1 week before Hashflow launches HFT tokens (scheduled for January 2022).

In addition to the Open Beta bonus, starting December 20, 2021, traders, market makers, and liquidity providers will also have the opportunity to receive rewards as part of the community treasury allocation program. copper. However, these rewards will be distributed once the HFT token is issued.

Traders, market makers and liquidity providers will receive the rewards starting this week, details as follows:

• Trader: 0.25% of total HFT supply per month and 0.0625% distributed weekly.
• Market Makers: 0.125% of total HFT supply per month and will be distributed monthly.
• Liquidity Providers: 0.125% of total HFT supply per month and distributed monthly.

Trading Rewards

0.0625% of total HFT supply (625,000 HFT before inflation) will be distributed to traders on Hashflow every week with no restrictions or locks. The allocation for each trader will be calculated based on transaction volume across all assets that Hashflow supports and will be assigned by a HashScore.

NFT Staking Reward

Hashflow NFT holders can stake their NFT on the platform. Each NFT belongs to an NFT portfolio (Category 1 or Portfolio 2) and once staked will be factored into the weekly HashScore of those NFTs. Once staked, each category 1 NFT will increase 15% of the weekly HashScore and each category 2 NFT will increase 5%. Some NFTs will be able to stake both to increase the multiplier effect up to a maximum of 1,000% .

Here are some examples of how staking NFT can further increase investor rewards.

Also, if the investor still hasn't received any Hashflow NFT, there is still a lot left undistributed. Since Hashflow is currently in Open Beta, all contributors still have the opportunity to earn NFT through trading, community participation on Discord and Twitter, and other community contributions.

Market Maker Rewards

A total of 0.125% of the total HFT supply (1,250,000 HFT before inflation) will be set aside as a market maker reward each month.

Liquidity Provider Rewards

A total of 0.125% of the total HFT supply (1,250,000 HFT) will be devoted to the liquidity providers on Hashflow. These HFT tokens are allocated on a monthly basis based on LP HashScore.

The HFT token launch event will be followed by the establishment of a regulatory body representing the investor community of HFT holders. These people will have the power to make decisions regarding the development of the Hashflow protocol. In the future, the project will transfer all the leadership of Hashflow to the community to realize the original goal of empowering individuals. This is exactly what DeFi is aiming for.

summary

Thus, TraderH4 has just brought you basic information about the Hashflow project. This project is like a decentralized broker in the cryptocurrency market. Hashflow provides a bridge between the leading DeFi and Market Maker traders in the cryptocurrency market. With Hashflow, traders can directly receive quotes from Market Makers and easily conduct cryptocurrency transactions on-chain using Web3.0 wallets.

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