Hedera In order to stimulate the growth of the network, its developers allocated 5 billion HBAR tokens for general development projects, especially decentralized development. A significant portion of these tokens, 4.2 billion, will be directed to existing initiatives such as foundations, associations and science foundations belonging to the network.
Betsabe Botaitis, CFO of Hedera council. HBAR He explained that grants for the Foundation and the Hashgraph Association are scheduled to be disbursed in the first quarter, while the DLT Science Foundation will receive grants as they reach key milestones throughout the year. This strategic move has garnered attention for strengthening its foundation after more than 33 billion real-world transactions on the network.
In addition to ecosystem development, a portion of the allocated HBARs, 614.06 million, will be used for Hedera Council’s operational expenses and payments to early SAFT (Simple Agreement for Future Tokens) recipients.
Hedera Price Performance
While the Bitcoin price lost nearly 6% in value in the last 24 hours, the Hedera price lost just over 5% and fell to $0.08009. In the same period, transaction volume increased by 5% to 101 million dollars.
While the network recently managed to attract attention by making a significant financial commitment, the $5 billion allocation mentioned in the news made things even better. Expectations are that innovative projects in the network will increase after this resource allocation.