What is Hashflow (HFT)?
Hashflow is a decentralized exchange (DEX) that prioritizes interoperability, eliminates slippage, and safeguards trades from mining extractable value (MEV). It operates commission-free and executes all price quotes at their advertised prices. Hashflow also boasts native cross-chain swapping capabilities, eliminating the need for bridges or synthetic assets, allowing for smooth trading across multiple chains with guaranteed price execution.
How does Hashflow work?
Hashflow enables users to perform cross-chain asset swaps in minutes without relying on external bridges. The platform offers full protection from both slippage and MEV exploits, whether the trade takes place on a single chain or multiple chains.
Hashflow uses a hybrid on-chain and off-chain Request for Quote (RFQ) engine to access off-chain quotes from market makers managing liquidity in on-chain pools. Market makers must cryptographically sign quotes that remain unaltered throughout a trade, guaranteeing the prices offered to users and preventing front-running or MEV bot exploitation.
Additionally, Hashflow safeguards traders from slippage due to cross-chain MEV, which can occur if there is a significant price fluctuation between the time the transaction is validated on the source chain and the payload is transferred to the destination chain.
What is the HFT token?
HFT is the official token for both the Hashflow protocol and the gamified governance platform, Hashverse. By staking HFT, users gain access to various features within the Hashflow ecosystem.
Buying Hashflow on Binance vs BingX
Cryptocurrency trading occurs on exchanges, similar to stock trading, but limited to digital assets. Exchanges often have tiered fee structures based on a trader's monthly volume. Understanding these fees is important for creating profit-maximizing strategies.
Exchange fees for cryptocurrency can vary widely, with some charging a flat fee for all trades and others a percentage of the trade value. Some exchanges also offer discounts for memberships or high-volume trades.
Binance's standard maker fee is 0.1% and taker fee is 0.1%, with discounts for holding BNB or high-volume trades. BingX's standard maker fee is 0.075% and taker fee is 0.075%.
See the table below for a summary:
Note: The fees are subject to change, so it's important to check the current fee schedule before using an exchange.
Services and Features Offered
Binance offers a versatile trading platform accessible from desktop, smartphone, or tablet, with strong security measures to protect user assets and information. Binance.US is its partner serving US investors.
BingX is an international digital financial institution providing services in various countries, offering lending, borrowing, staking, and buying/selling of cryptocurrencies. BingX also has a referral program, trading competition, and copy trading for passive profit with experienced traders. Users may wish to make use of the copy trading feature when buying hashflow to make passive income while following the trades of more experienced traders.
It is always important to choose based on your needs and research both platforms thoroughly before making investment decisions.