We had no desire to simply stick to the norm when designing a DAO. We wanted to build something revolutionary and unprecedented.
Experience the Hashverse: a gaming-style, interactive DAO where you can stake tokens, undertake missions, and receive rewards to influence the future of the Hashflow protocol.
What is Hashverse?
The Hashverse is a DAO (Decentralized Autonomous Organization) whose governance structure is powered by NFTs (Non-Fungible Tokens) and driven by storyverse. It uses a vote-escrowed token model (veHFT), where you can put your tokens on hold for a specific time in exchange for greater voting power. In other words, if you stake tokens for an extended period of time, you will have more control within the DAO.
The core of the Hashverse is its storyverse, crafted by renowned Hollywood creative firm Superconductor! This narrative will form the basis for a novel interactive approach to classic DAO and governance systems.
Why Choose Hashverse?
Hashflow is implemented on public blockchains, and its lasting management is in the hands of the collective, where each person has an opinion.
In creating the governance structure of Hashflow, we studied numerous DeFi protocols and became aware that the existing approach is flawed. The standard models for governance are:
- cargo-cult existing paradigms
- don’t engage the community enough
- and honestly… just aren’t fun
How Will Hashverse Work?
Our goal for the Hashverse is to make a fair environment where individuals can ascend through the hierarchy to lead. It doesn’t matter how much you have invested, you will be able to own, manage and advance the Hashflow protocol with determination while having a participatory experience.
You will begin by staking your tokens and minting veHFT in order to generate your in-game character. With veHFT, you will increase your voting power within the DAO to decide the future of the Hashverse. Utilizing your real-world abilities, you will accomplish tasks that are advantageous to the community, demonstrate your prowess, and take on the most difficult HashQuests to receive the greatest rewards. These benefits will arrive in the form of collectible items which will be tokenized and made transferrable as NFTs, as well as experience points (XP). Obtaining these artifacts will permit you to develop your character, open up new quests, and augment your XP — all while earning more HFT tokens!
When Hashverse Come?
The launch of the Hashverse is expected in the near future. In the interim, we will be disclosing information regarding its narrative, characters, and other components over the coming weeks — stay tuned for more details!
Additionally
Excitement has been building around the “when HFT” event for Hashflow, given that the DAO necessitates HFT token for its functioning.
And so today, we’re thrilled to officially announce that HFT token will go live on November 7, 2022!
Since Open Beta was launched over a year ago, Hashflow has experienced an impressive $10 billion+ in total trading volume, with more than 140,000 individual wallets engaging in transactions. Astonishingly, the platform’s total trade volume on Polygon and Avalanche amounted to over one billion within half a year. According to DeFiLlama’s rankings, Hashflow is now one of the top ten DEXs according to volume with an average daily turnover of between $25–30 million.
We are deeply honored by the rapid expansion of the Hashgang. With the establishment of the Hashverse, we are now ready to introduce HFT token in order to make Hashflow more decentralized and give control to our members!
