Hashflow’s native token, HFT(HFT/USDT), will be listed on MEXC Global and Binance on November 7 at 13:00 (UTC), allowing for trading on the two platforms. Furthermore, MEXC has begun an HFT deposit competition with a total prize pool of 5,000MX.
Hashflow (HFT) is a distributed exchange that allows for interactions between different blockchains. It can put traders in touch with institutional market makers and promises a risk-free, low-fee, and MEV-protected trading environment. Hashflow currently supports Ethereum, Avalanche, Polygon, Arbitrum, Optimism, and BNB, among other public chains.
Hashflow’s primary benefits are its immutability, lack of slippage, permanent loss prevention, bridge-less cross-chain swaps, and resistance to mining-extracted fees (MEV).
In contrast to AMMs, which cause significant slippage during transactions, Hashflow uses the request-for-quote (RFQ) model to facilitate the management of liquidity pools by trained market makers. RFQ features both off- and on-chain pricing and settlement operations. Hashflow is a trustless and user-friendly platform that allows professional market makers to connect CeFi and DeFi prices. The price on DeFi is identical to the one on MEXC.
Users are liberated from the risk of using unstable cross-chain bridges thanks to Hashflow’s native-to-native swap functionality. To mint a bridged asset on the destination chain, Hashflow does not rely on external bridges or require users to escrow their assets on the source chain.
Investors in Hashflow include Dragonfly Capital, Electric Capital, Alameda Research, Metastable Capital, Galaxy Digital, etc., according to company filings revealing a $3.2 million funding round.
Open sources indicate that MEXC, launched in April 2018, is among the top 10 cryptocurrency exchanges globally. Spot transactions, leveraged ETFs, futures, the NFT Index, staking, etc. are among the primary offerings. With over 10 million users and the highest cryptocurrency liquidity in the world, the platform has taken the lead as of September 2022. Trading in over 160 different cryptocurrency futures contracts, as well as over 1,600 different cryptocurrency spot trades, and over 400 different cryptocurrency ETF trades, is all possible. When it comes to listing time and available trading assets, MEXC is unrivaled.
M-Research predicted that SHIB, GALA, FTM, and MANA would be among the top 10 cryptocurrencies by 2021, and MEXC agreed. Since the beginning of 2019, Binance has listed nearly one hundred projects across various categories and sub-categories. These include public chain, DeFi, GameFi, Layer2, Metaverse, DAO, Meme sectors, etc. Quality projects begin at MEXC.
As of October 27th, more than 150 of MEXC’s 2022 debut projects have seen price increases of over 10%. Of these, 86 have seen more than 100% growth, and the largest single project has seen growth of between 166% and 479,900%.