As decentralized finance (DeFi) gains traction in the blockchain industry, more projects enter the market. By the end of 2020, the DeFi market was expecting to be worth around $16 billion. However, by the third quarter of 2021, the market had expanded to an estimated $154 billion in total value locked.
The exponential market expansion is the primary reason for the increased number of projects joining the DeFi market. These new ventures aren’t only entering the market; they also provide solutions to some of the industry’s problems. That is the case with Hashbon FiRe (Finance Reinvented ecosystem), which has entered the DeFi market with its Hashbon Rocket, a decentralized cross-chain token exchange.
Heshbon Finance Reinvented is gearing up for the launch of the Hashbon Rocket on September 9, 2021. Hashbon Rocket CDEX will be the first cross-chain decentralized exchange. This trailblazing CDEX platform aims to tackle the problem of trading any ERC-20 token for any BEP-20 pass in a decentralized finance manner. Unlike other decentralized exchanges, Hashbon Rocket CDEX will change between the Ethereum and Binance Smart Chain blockchain protocols. The platform eventually expands to include more Ethereum Virtual Machine (EVM) compatible networks.
Token for Governing Hashbon Rocket
The HASH coin is a BEP-20 and ERC-20 token that tracks on EtherScan and BscScan. It will be the utility and governance token for the Hashbon Rocket autonomous cross-chain exchange. It is the fuel that enables the many system participants. Liquidity providers must pay arbiters in HASH tokens to make exchanges on the Hashbon Rocket CDEX platform. These referees will then utilize the tokens as voting power to verify and approve transactions. The tokens can use to grant judges the ability to submit proposals to Hashbon.
The HASH token is also used by those who want to issue DeFi bonds or start a crowd sale. Currently, HASH is available for pre-sale before Rocket’s launch for individuals who wish to take advantage of its low pricing and get into the DeFi ecosystem as soon as possible. HASH lists Uniswap, PancakeSwap, BurgerSwap, as well as CoinMarketCap and CoinGecko.
Overview of the Hashbon Ecosystem
Hashbon FiRe is a cryptocurrency payment network that debuted in 2016. The platform’s mission has been to introduce crypto payments to crypto enthusiasts and everyday companies. “Financial Reinvented” (FiRe) became the team’s objective as they pursue a new age of blockchain and decentralized finance development.