Binance‘s private token issuing platform Binance Launcpool has announced its new project.
In a recent announcement by Binance, it was stated that the Hashflow (HFT) project will be the 31st project of Binance Launcpool.
Accordingly, as of November 1, users will be able to use stake pools where they can collect HFT tokens for 30 days.
It was also announced that Binance will list HFT on November 7. The trading that will start in the innovation zone will cover the HFT/BTC, HFT/BUSD and HFT/USDT trading pairs.
Binance Launchpool is a platform where users can earn new tokens as rewards by staking Binance Coin (BNB), Binance USD (BUSD) and other tokens.
Binance Launchpool will distribute 15,000,000 HFTs as a stake reward.
In the announcement, it was stated that there is no upper limit on staking conditions and KYC is required.
“HFT Launchpool Details:
Token Name: Hashflow (HFT)
Genesis Token Offering: 1,000,000,000 HFT (A 5% issue is planned to the DAO treasury every year 4 years after the token launch or this can be disabled by voting on the DAO)
Launchpool Token Rewards: 15,000,000 HFT (1.5% of the genesis token supply)
Initial Circulating Supply: 175,229,156 HFT (17.52 percent of the genesis token supply)
Smart Contract Address: HFT ( ERC-20 ); HFT ( BEP-20 )
Staking Conditions: No upper limit. KYC required”
The amount of Tokens to be earned is proportional to the amount of tokens deposited into the pool and the total number of tokens in the pool. Therefore, the rate of return will become clear later.
After the news, Binance coin (BNB) experienced a sharp rise of 6%.
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