Bitcoin Crypto
    • News
      • Quick Guide
      • Bitcoin Chart
    • Analysis
    • PRICE
    • Technology
    • Blockchain
    • Investing
    • Regulation
    Bitcoin Crypto
    Home»News»Hashbon Moves to DeFi to Launch CDEX Platform and Connect Ethereum and Binance Smart Chains
    Hashbon Moves to DeFi to Launch CDEX Platform and Connect Ethereum and Binance Smart Chains
    News

    Hashbon Moves to DeFi to Launch CDEX Platform and Connect Ethereum and Binance Smart Chains

    September 2, 2021No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    As decentralized finance (DeFi) garners more traction in the blockchain industry, more projects also get launched into the market. By the end of 2020, the DeFi market size stood at approximately $16 billion. However, within the Q3 2021, the market size has grown to an estimated $154 billion in total value locked.

    The exponential market growth is the major reason we have more projects entering the DeFi market. These new projects are not just launching into the market; they are offering solutions to some of the issues in the industry. This is the case of Hashbon FiRe (Finance Reinvented ecosystem) as it enters the DeFi market with its Hashbon Rocket, a decentralized cross-chain token exchange.

    The Hashbon Rocket CDEX Platform

    Hashbon Finance Reinvented prepares to launch its Hashbon Rocket on September 9, 2021. The Hashbon Rocket CDEX platform is to become the first cross-chain decentralized exchange. This pioneer CDEX platform seeks to solve the problem of exchanging any ERC-20 token for any BEP-20 token in a decentralized finance manner. Unlike the traditional decentralized exchanges that support only intra-chain swaps, Hashbon Rocket CDEX will begin with exchanges between Ethereum and Binance Smart Chain blockchain protocols. The platform will later expand to accommodate other Ethereum Virtual Machine (EVM) compatible networks.

    Hashbon Rocket CDEX-platform will use the proof-of-stake (PoS) consensus mechanisms. Here, the arbiters (judges) make decisions, and the power of their share is dependent on their share of HASH tokens. The higher the number of HASH tokens that arbiters have, the higher the reward for a correct response and, conversely, the higher penalty for an incorrect vote. If you want to study the full details of the Hashbon Rocket algorithm, kindly see the project’s whitepaper.

    According to the CEO of Hashbon Rocket, Grigory Bibaev, “cross-chain exchange between EVM-compatible blockchains is just the first step. In the future, we see Hashbon Rocket as a multifunctional DeFi platform that provides a variety of services from DeFi bonds for corporations to lending and staking.”

    Token for Governing Hashbon Rocket (HASH)

    HASH token is a BEP-20 and ERC-20 compliant token and can be tracked on EtherScan and BscScan. It will serve as the utility and governance token for the Hashbon Rocket cross-chain decentralized exchange. It is the fuel that empowers the different system participants. To make exchanges on the Hashbon Rocket CDEX platform, liquidity providers must pay arbiters with HASH tokens. In turn, these arbiters will use the tokens as voting power for verifying and approving transactions. The tokens can also give arbiters the power to submit proposals to Hashbon.

    Also, the people wishing to issue DeFi bonds or launch a crowdsale make use of the HASH token. Currently, HASH is available on the Pre-Sale before Rocket’s launch for those who are ready to take advantage of its price and entering this DeFi ecosystem at the earliest stage. Before, HASH was listed on Uniswap, PancakeSwap, BurgerSwap, and also placed on CoinMarketCap and CoinGecko.

    Overview of the Hashbon Ecosystem

    Hashbon FiRe is a crypto payment ecosystem that was launched in 2016. The vision of the platform has been to bring crypto payments to crypto enthusiasts and day-to-day businesses. As the team seeks a new era of blockchain and decentralized finance development, “Finance Reinvented” (FiRe) became their mission.

    In their quest to revolutionize the crypto payment landscape, Hashbon has created a diversified ecosystem that includes the following:

    Hashbon Rocket CDEX-platform: Designed for swapping cross-chain tokens.

    Hashbon Quant Wallet: Developed for the smooth transfer and receiving cryptos safely.

    Hashbon React Payment Gateway: It allows merchants to accept payments in 30+ cryptocurrencies without having to pay any commission.

    This article was originally published by Newsbtc.com. Read the original article here.
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Tezos prediction as token sets $2.26 as the next frontier

    August 17, 2022

    Ethereum Foundation Makes It Clear The Merge Will Not Improve Fees and Throughput

    August 17, 2022

    Crypto.com Secures Regulatory Approval from FCA

    August 17, 2022

    Dogecoin Jumps 15% In 24 Hours As DOGE Overcomes Critical Level

    August 17, 2022
    Signup for our Newsletter
    Advert
    Managed Wordpress Hosting
    Categories
    • Analysis
    • Blockchain
    • Investing
    • News
    • Price
    • Regulation
    • Technology
    Signup for our Newsletter
    Advert
    USEFUL LINKS
    • Contact us
    • About us
    • DMCA / Copyrights Disclaimer
    • Privacy Policy
    • Terms and Conditions
    • Cookie Policy (US)
    • Cookie Policy (EU)
    ARCHIVES
    © 2022 Designed and Powered by JL Digital webbyrå.

    Type above and press Enter to search. Press Esc to cancel.

    Manage Cookie Consent
    To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    Manage options Manage services Manage vendors Read more about these purposes
    View preferences
    {title} {title} {title}