Hashflow (HFT): Promoting Interoperabilty & Zero Slippage

Crypto trading has grown in popularity over the last few years, especially after people saw how lucrative it could be during the bull market. For those looking for opportunities to secure profits during the bear market, you might want to start by identifying a suitable crypto exchange. There are both centralized and decentralized exchanges available, and if you’re looking for a decentralized exchange (DEX), Hashflow might be the one for you. This DEX promises to provide both interoperability and zero slippage. Are Hashflow features worth using? Though it's not for everyone, it does have some perks. Explore our guide to learn more about how Hashflow works.

What Is Hashflow?

The Hashflow DEX lets people connect crypto wallets to a Hashflow account and trade any asset on any chain in just a matter of seconds, and you don't need to make deposits in order to do so. This flexible, convenient method of trading is ideal for people who enjoy investing in crypto.

History of Hashflow

Hashflow was inspired by the structure of the financial market. Its founders recognized that current crypto exchanges worked well for buying long-term investments but couldn't handle the needs of day traders. They decided they wanted to create a DEX that operated similarly to the order book model frequently used for stocks. This method combines off-chain pricing with on-chain trades, so it has several advantages for users.

The idea for the company was first created in 2019. Once the founders developed the concept, they then spent a few years implementing it. Hashflow went live in August 2021 and quickly picked up steam. In the short time since the exchange started, it has seen more than $12 billion worth of cryptocurrency trades.

Hashflow has a very experienced team handling the project. Its CEO and founder is Varun Kumar, who used to work as an aerospace engineer at NASA. The two other co-founders are Victor Ionescu, a former software engineer from Facebook and Airbnb, and Vinod Raghavan, a former consultant with Morgan Stanley, JPMorgan Chase and Goldman Sachs. Alongside these executives are a whole team of software developers and engineers who work to fine-tune the details of Hashflow.

What Does Hashflow Aim to Achieve?

Hashflow aims to simplify the trading experience for investors who frequently buy and sell crypto. Its motto is "Just trade. No BS." Most of the DEX's focus is on solving problems that occur on other exchanges. To make crypto trading as convenient as possible, the company prioritizes solving these problems.

• Commission fees: Hashflow does not have commission fees like other sites often require. Because they can manage trades so efficiently, each trade has a 0% charge from Hashflow.

• Deposit requirements: To be as decentralized as possible, the company avoids registration and deposit requirements. Anyone who syncs their crypto wallet to Hashflow can begin trading immediately.

• Slippage: On traditional exchanges, prices change so quickly that by the time you finish executing an order, the coin might be worth something different. Hashflow's pricing method means that you only pay the quoted price you see on the exchange.

• MEV front-running: Many malicious actors take advantage of transparent cryptocurrencies like Ethereum. Hashflow is more private, so it keeps these exploits from happening.

• Cross-chain bridges: Most trades between different blockchains require a cross-chain bridge. However, these bridges have a lot of privacy concerns. Hashflow's direct trading method lets users trade without any bridges.

How Does Hashflow Work?

Hashflow combines a unique blend of on-chain and off-chain trading. All prices for their cryptocurrencies are stored off-chain. These prices are updated in real time, and users can browse through them to find the cryptocurrency they want. Once you pick a crypto, you purchase it at the price quoted by Hashflow. The exchange then completes the crypto trading process you requested on the destination chain and shifts the assets to your wallet.

The heart of Hashflow's system is a request-for-quote model. Instead of using automated market makers (AMM) to move assets on-chain, the company connects users with private market makers who complete transactions for the users. These market makers are individuals or organizations who create liquidity pools. The liquidity providers are always on standby and can buy and sell whenever their quotes are met. This essentially means Hashflow facilitates trades instead of buying and selling crypto directly. The lack of automation and cross-bridging allows for a more seamless, lower-priced experience for crypto traders.

Features of Hashflow

Hashflow's entire goal is to offer users a convenient and practical experience. Not only is their trading system unusually straightforward, but they also offer a lot of side features. Here are a few of the most notable features to check out.

Bridgeless Cross-Chain Swaps

Hashflow is one of the most flexible DEX options because it allows cross-chain swaps. These currency exchanges involve trading one type of cryptocurrency for another without needing an intermediary conversion. For example, consider trading several ETH tokens for a BTC. Traditional methods would require you to cash out your ETH for USD and then use the USD to buy a BTC. However, with Hashflow, you can convert ETH directly to BTC.

This is already an incredibly convenient feature, but it gets even better when you realize it's a bridgeless cross-chain. Most swaps of assets on-chain require a blockchain bridge that connects the two chains. These bridges tend to come with some risks including hacks, bugs and scams. Since Hashflow uses the market maker system instead of bridges, users have a lower risk of losing their funds.

Hashverse

The Hashverse is a side project built on the Hashflow protocol. It's a decentralized autonomous organization (DAO) and governance platform. What makes this DAO stand out is the incorporation of gamification and story modes. Hashflow has developed a storyverse with help from Superconductor, a leading Hollywood creative team. In Hashverse, users enter a dystopian world and use token staking to maintain their health and complete quests.

This program is still in early access, but it has the potential to greatly affect the company in the future. Users can vote on upgrades to the platform and have a say in how Hashflow is run. In addition to rewards from token staking, the Hashverse also incorporates some NFTs and other decentralized finance (DeFi) concepts. Anyone can participate in the early access to Hashverse and earn rewards by staking tokens, and they can have fun while they do so.

Incentives Program

To encourage participation in its DAO and its community, Hashflow has launched an ongoing community incentive program. Roughly 8% of their entire HFT token supply has been reserved for these community incentives. All users can earn these rewards through trading on Hashflow. For every $1 worth of stablecoin traded, users can earn 0.0001 HFT. $1 of non-stablecoin trades results in 0.0005 HFT incentives earned. There are also other similar reward rates for those who are liquidity providers and market makers.

Upfront Pricing

With the Hashflow DEX, the price you see is the price you pay. The company is committed to ensuring its users don't have any unpleasant surprises at checkout. Thanks to zero slippage protocols, your order value won't suddenly change if crypto prices quickly spike seconds before you complete the order. There are also far fewer fees associated with using this exchange. Traders can buy and sell crypto without having to pay a percentage of the price with every sale. These features make Hashflow incredibly useful for people who quickly buy and sell a lot of cryptos to take advantage of minor market movements.

Hashflow Road Map

Hashflow has a very detailed road map in place for its future projects. The first half of 2023 is mostly dedicated to expanding its Hashverse concept and incorporating more user action into its DAO. The team also plans to expand the offerings available on Hashflow. Hashflow is currently working on offering cross-chain NFT trades and providing ways to buy and sell exchange-traded funds (ETFs).

Next up on the road map are several adjustments that will add more customization to Hashflow’s order and trading analysis services. In the second half of 2023, there are plans to add limit orders, so users can buy and sell automatically at pre-set prices. Hashflow is also going to incorporate time-weighted average pricing and volume-weighted average pricing which will let users make larger trades with a lower price impact.

In addition to these upgrades, the company has ongoing plans to upgrade its infrastructure and user experience. This includes changes to the interface, methods to encourage more market makers to join Hashflow and more adjustments to the front end.

HFT Tokenomics

Hashflow uses its native HFT token to manage all the smart contracts that make this exchange work. The HFT token is a governance token that lets holders vote on changes to the system. People who want a say in the system can stake their tokens to vote, and their voting power is directly proportional to the number of tokens they stake. HFT can also be used for various mechanics in the Hashverse. This gamified, storyverse-driven DAO allows people to gain HFT rewards and participate in a storyline.

In addition to its role as a governance token, HFT is also a tradable token with its own intrinsic value. HFT has a maximum supply of 1 billion tokens. Its current circulating supply is more than 175 million tokens. With a current price of roughly $0.72 per token (as of Feb 16, 2023), HFT has a market cap of $126 million. 

Source: Hashflow

There are several different parties who are involved in the token's distribution. 19.32% goes to the core team while 25% was released to early investors. 53.18% of all tokens are currently being held to fund ecosystem development, so they will be released for things such as designated market maker loans, Hashverse rewards, and community incentive programs. The remaining 2.5% is reserved for future hires of the company.

HFT Price Prediction

HFT's prices have gone through some wild changes. When the token was first released, its price plummeted from $1.02 per token to $0.47 per token in just a couple of days. After some initial fluctuation as traders speculated on the token, its price eventually stabilized. Since late 2022, its price has mostly been in the $0.28 to $0.50 range. However, with all the promising additions the company plans on launching in 2023, the token has started to trend upward again.

CoinCodex predicts that HFT's price will continue to rise through the next couple of months. It believes that there is a bullish outlook for HFT with it having the potential to reach prices upward of $0.90 in the upcoming months. Other industry insights support this prediction, and some organizations like CoinJournal predict HFT will hit $1.029 by 2024 and $4.9875 by 2030.

Where To Buy HFT

If you want to obtain HFT tokens, you can do so by purchasing them on crypto exchanges such as Bybit. Simply sign up for a Bybit account and navigate to the HFT/USDT Spot Trading page to get started. Once you’re done, you can go on to trade or stake them in Hashverse to earn additional HFT rewards.

Is HFT A Good Investment?

Despite some concerning drops earlier in its lifespan, HFT is still a moderately sound investment. It's remained fairly stable with some encouraging upticks in price lately. The number of users trading on Hashflow continues to grow, and as long as the exchange is running, there will be a demand for HFT. Furthermore, the expansion of the company's Hashverse project will increase the number of uses for this token. Each new stage of the project is likely to lead to higher prices for HFT.

Though HFT may not become a household name any time soon, it's still a good token to have in your portfolio. Most investment strategies for HFT right now consist of buying and holding. Its gradual price increases that are backed by a very stable exchange project make it a token that's likely to increase in value over time. The token also has some occasional dips and peaks that provide opportunities to short-term investors. Altogether, this is a very interesting token that many investors may want to look into, but as always, do your own research before investing.

Closing Thoughts

Hashflow is currently one of the most promising decentralized exchange projects out there. It's backed by some impressive investors and prestigious founders, and it's quickly managed to attract a lot of traders. With perks like zero slippage and bridgeless cross-chain trading, this DEX is likely to stick around. Even if you prefer other exchanges' features, it might be worth checking out its governance token. Hashflow has enough staying power to make its HFT token a smart investment.