Hashflow

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Hashflow?

Hashflow (HFT) is a decentralized trading protocol designed for interoperability, zero slippage, and MEV-protected trades. It allows users to seamlessly swap assets across chains without the need for external bridges, ensuring trades are executed at the displayed price with no commission. Hashflow uses a hybrid on-chain/off-chain RFQ engine to fetch quotes from market makers, protecting traders from slippage and MEV exploits.

How is Hashflow used?

Hashflow (HFT) is a multi-functional decentralized network that leverages a non-custodial DEX (decentralized exchange), NFT capabilities, and an innovative gamified governance strategy. Here are the key ways HFT is used:

  1. Cryptocurrency for Value Transfer: HFT can be used as a cryptocurrency to send value between two parties in a peer-to-peer manner.

  2. Staking for Passive Returns: Users can stake HFT to secure passive returns.

  3. Fee Payment and Discounts: HFT can be used to pay fees, and users may receive discounts for doing so.

  1. Governance and Voting: HFT is crucial for governance, as users can stake their tokens to enter into the gamified governance system, where they can vote on and manage the future of the protocol.

  2. Gamified Governance (Hashverse): The Hashverse is a storyverse-driven, gamified DAO and governance platform where users can earn HFT tokens by completing quests. Staked tokens are used to determine users’ health metrics within the Hashverse, and the protocol rewards the most active members of the community.

Overall, HFT plays a vital role in facilitating various activities within the Hashflow ecosystem, including value transfer, staking, fee payment, governance, and gamified governance.

How do I store Hashflow?

To store Hashflow (HFT) tokens, you have two primary options:

  1. Store in a Custodial Wallet:

    • You can hold your HFT in your KuCoin account, which provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin acts as the custodian of your crypto assets, ensuring security and convenience. However, you should set up a strong password and upgrade your security settings to prevent unauthorized access.
  2. Store in a Non-Custodial Wallet:

    • For enhanced security and control, you can withdraw your HFT to a non-custodial wallet. This option grants you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. Be cautious to store your private keys securely, as losing them may result in the permanent loss of your HFT.

How to buy Hashflow?

To buy Hashflow (HFT) tokens, follow these steps:

  1. Choose a Crypto Exchange: Select a reliable and suitable crypto exchange that supports Hashflow, such as KuCoin, Binance, CoinEx, Kraken, Bybit, gate.io, or MEXC. Each exchange has its unique features, fees, and security measures, so research and compare them before making a decision.

  2. Create an Account: Register for a free account on the chosen exchange. This typically involves providing personal information, such as your name and email address. Some exchanges may require Know-Your-Customer (KYC) verification to increase withdrawal limits and unlock additional features.

  3. Add a Payment Method: Connect a payment method to your account, such as a bank account, debit card, or credit card. This will allow you to deposit funds to buy Hashflow.

  1. Make a Purchase: Navigate to the exchange's trading platform and select Hashflow (HFT) from the list of available assets. Enter the amount you want to buy, and the exchange will automatically convert it to the equivalent Hashflow amount. Review the details and confirm your purchase.

  2. Store Your Hashflow: Once the purchase is complete, you can store your Hashflow tokens in a personal crypto wallet or hold them in your exchange account. You can also trade them for other cryptocurrencies or use them for staking and earning passive income.

Remember to carefully consider your investment approach, crypto storage, and other aspects of buying and trading Hashflow, as the cryptocurrency market can be volatile.

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History of Hashflow

Hashflow is a decentralized exchange that allows users to trade any asset on any chain in seconds, offering commission-free trades and real-time price quotes. The platform has undergone significant developments and milestones since its inception.

Hashflow launched in 2021, introducing capital-efficient trading to DeFi with its RFQ-based decentralized exchange. The platform has since expanded its capabilities, integrating with various partners such as Wormhole for cross-chain swaps, OKX DEX, and MetaMask Swaps to enhance user experience.

In 2022, Hashflow introduced its governance token, HFT, which plays a crucial role in the protocol's governance and the Hashverse, a gamified DAO and governance platform. The total HFT supply at genesis is one billion tokens. HFT is used for governance, where voting rights are determined by the amount of HFT staked and the duration it is locked. This allows users to participate in decisions on protocol fees, marketing, and code development.

The Hashverse, launched in September 2022, is a story-driven, gamified trading platform and DAO that rewards active community members based on their staked tokens and engagement. The platform has continued to grow, with updates on tokenomics and governance in January 2023.

In terms of market performance, the price of Hashflow has fluctuated, with a current price of $0.35 per HFT, which is 72.62% below its all-time high of $1.26. The circulating supply of HFT is approximately 331 million tokens.

Overall, Hashflow has made significant strides in building a community-owned protocol, integrating with various partners, and creating a unique gamified governance platform.

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How Hashflow works

Hashflow (HFT) is a decentralized exchange (DEX) designed to provide interoperability, zero slippage, and MEV-protected trades. It achieves this through a unique blend of on-chain and off-chain trading mechanisms. Here's how it works:

Hybrid On-Chain/Off-Chain Trading

Hashflow uses a hybrid model that combines the benefits of both on-chain and off-chain trading. This allows it to fetch quotes from market makers who manage liquidity in smart contracts. These quotes are cryptographically signed, ensuring that they remain unchanged for the duration of any trade. This guarantees that the prices offered to users are protected from front-running and arbitrage by MEV (Maximum Extractable Value) bots.

Request-for-Quote (RFQ) Model

Hashflow employs a request-for-quote (RFQ) model, which allows users to get quotes directly from market makers. This model handles the settlement and swapping of assets on-chain but enables market makers to price assets off-chain. This approach ensures that users receive the best prices available, with no commission fees.

Smart Order Routing (SOR)

Hashflow leverages an intent-based Smart Order Routing (SOR) architecture to offer traders the best prices and access to deep liquidity across leading blockchains. This architecture allows users to trade digital assets on various chains, including Ethereum, Arbitrum, Avalanche, BNB Chain, Optimism, Polygon, and Solana, in a matter of seconds.

Cross-Chain Swaps

Hashflow enables seamless cross-chain swaps without the need for external bridges or synthetic assets. This means users can trade assets across different chains quickly and efficiently, with guaranteed price execution.

Governance and Staking

Hashflow has a gamified governance platform called the Hashverse, where users can stake their HFT tokens to participate in governance and earn rewards. The staked tokens determine users' health metrics within the Hashverse, and users can adjust the amount and duration of their staked tokens to maintain their health and earn rewards.

NFT Support

Hashflow also supports the trading of non-fungible tokens (NFTs) across blockchains. NFTs are popular in the crypto market, particularly in the gaming, art, and metaverse sectors.

Overall, Hashflow's innovative approach to decentralized trading aims to provide a more scalable and interoperable network for the crypto market, addressing issues such as slippage, high gas fees, and onboarding difficulties.

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Hashflow's strengths

Hashflow (HFT) has several strengths that set it apart from traditional decentralized exchanges (DEXs):

  1. Zero Slippage: Hashflow ensures that trades are executed at the displayed price, eliminating the risk of slippage, which can result in significant losses for traders.

  2. MEV-Protected Trades: Hashflow's hybrid on-chain/off-chain request for quotation (RFQ) engine guarantees that trades are protected from maximal extractable value (MEV) exploits, ensuring that traders keep what they earn.

  3. Cross-Chain Functionality: Hashflow allows seamless token swaps across different blockchains without the need for external bridges, making it a highly interoperable platform.

  1. Deep Liquidity: Hashflow aggregates liquidity from multiple sources, providing users with access to a large pool of funds and reducing the risk of slippage.

  2. Efficient Trading: Hashflow's RFQ model handles settlement and swapping of assets on-chain, enabling fast and efficient trades.

  3. Gamified Governance: Hashflow's governance model is gamified, incentivizing users to participate in the network through a storyverse-driven DAO, which rewards active members with bonus tokens.

These strengths make Hashflow an attractive option for traders seeking a secure, efficient, and interoperable trading platform.

Hashflow's risks

Hashflow (HFT) is a decentralized exchange (DEX) designed for interoperability, zero slippage, and MEV-protected trades. Despite its innovative features, Hashflow is not immune to risks. Here are some of the key risks associated with Hashflow:

  1. Risk of Slippage and MEV Exploits:
    Hashflow trades are fully protected from both slippage and MEV exploits, whether the trade happens locally on one chain or across multiple chains. This protection is ensured through a hybrid on-chain/off-chain RFQ engine, where market makers cryptographically sign quotes that remain unchanged for the duration of any trade.

  2. Systemic Risk Amplification:
    Algorithmic high-frequency trading (HFT), which Hashflow is based on, can amplify systemic risk. This is because HFT can intensify market volatility, leading to rapid transmission of shocks across markets, thereby exacerbating systemic risk.

  3. Errant Algorithms and Huge Investor Losses:

The high-speed nature of algorithmic HFT means that a single errant or faulty algorithm can cause substantial losses. This unpredictability can rattle investors, particularly in the aftermath of significant market declines.

  1. Uncertainty and Loss of Confidence:
    Algorithmic HFT is a significant contributor to market volatility, which can fuel investor uncertainty and erode consumer confidence over the long term. In the absence of clear information during market downturns, large traders, including HFT firms, may scale back their positions, intensifying the selling pressure.

  2. Counterparty Risk:
    Hashflow never requires users to send their assets to the network, reducing the risk of counterparty custody.

  3. Market Volatility:

Hashflow's risk score can fluctuate based on recent price movement and volume changes. A low risk score indicates that the cryptocurrency is less susceptible to manipulation, while a high score indicates higher risk.

Overall, while Hashflow has implemented measures to mitigate certain risks, it is still exposed to broader market risks and the potential for errant algorithms.

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Did Hashflow raise funds?

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Hashflow’s team

Here is the team behind Hashflow (HFT):

  • Varun Kumar: Co-Founder & CEO, aerospace engineer with experience at the German Aerospace Center and NASA.
  • Victor Ionescu: Co-Founder & CTO, previously worked at Airbnb, Facebook, and Google.
  • Vinod Raghavan: Co-Founder & COO, held roles at Booz Allen Hamilton, Morgan Stanley, JPMorgan Chase, Goldman Sachs, Counsyl, and a16z.
  • Rahsan Boykin: General Counsel, corporate attorney with experience at Google Cloud, Citigroup, Goldman Sachs, and GE Capital.
  • Andrew Saunders: Chief Marketing & Strategy Officer, previously worked at Arbitrum, Amazon HQ, NBCUniversal, and CAA.

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The fundamental analysis assistant for crypto value investors.

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