HashPack, representing over 90% of monthly active users on the Hedera Network, announces PACK token launch.
Evolving with Users: Exploring PACK Token
As industries and ecosystems evolve, so do the needs of users. HashPack was formed from within the Hedera community and has attained a deep understanding of the need for community-centric products built on real world experience.
HashPack’s PACK token aims to enhance user engagement and fulfill consumer needs through loyalty programs and unique experiences, unlocking opportunities for innovative new features that further ingrain HashPack users into a seamless world of digital finance.
The launch date of PACK will be announced over the coming weeks, but is expected to occur early in the second quarter of 2024. Distribution and utilities will additionally be announced over the coming weeks. HashPack plans to take a community-centric approach and strategy for both the token distribution and utility.
HashPack CEO, May Chan, on the vision for PACK token and its impact on the community:
“We have numerous plans for enhancing the experience within HashPack. These include ways to personalize your experience, engage more deeply in DeFi, and ensure your time in HashPack is worthwhile, enjoyable, and engaging. The PACK token was conceived from discussions on how to reward users for utilizing HashPack. Initially, PACK serves as a loyalty and reward token with utility within HashPack. Yet, over the long term, we aspire for PACK to be used more broadly, seizing opportunities as the ecosystem and community develop. We are committed to being responsible stewards of this ecosystem, upholding transparency and communication as we have since the company’s founding.”
HashPack: The Company Behind the PACK Token
HashPack currently offers:
- Crypto Wallet: Securely store and manage your HBAR, Hedera Token Service (HTS) Tokens and NFTs.
- DApps and DeFi: Explore decentralized applications and participate in DeFi activities.
- NFT Marketplace: Buy, sell, and trade NFTs within the HashPack app.
- NFT Personalization: Customize your HashPack profile with NFT avatars, themes, and domains.
- Secure Transactions: Leverage the security and speed of the Hedera network.
- Community-Driven: Actively involving users in platform development and decision-making.
HashPack: Milestones and Statistics
HashPack has become the go-to gateway for exploring the Hedera network. With a staggering 90%+ in monthly active Hedera users, the wallet drives the majority of network activity across these key areas:
- Dominating DeFi: A staggering 99% of Hedera’s total value locked (TVL) and transaction volume is enabled by HashPack, solidifying leadership in the ecosystem.
- NFT Hub: 95% of NFT trading on Hedera occurs through HashPack, making it the preferred platform for collectors and creators alike.
- DApp Powerhouse: With integrations reaching 99% of existing DApps, HashPack acts as a central connector, allowing users to seamlessly access various decentralized applications.
- Innovation at the Core: HashPack championed interoperability by pioneering HashConnect, linking wallets and DApps throughout the Hedera network as well as being the first wallet to integrate the WalletConnect standard on Hedera.
HashPack’s Continued Journey Towards a Thriving Community Centric Ecosystem
HashPack’s introduction of the PACK token aims to revolutionize user engagement and loyalty on the Hedera network, with plans for a launch in early Q2 2024. This initiative, deeply rooted in community feedback and designed to reward users for their engagement and participation, aims to deepen connections within digital financial ecosystems. Stay tuned for more announcements regarding the distribution and utilities of the PACK token, as HashPack continues to lead in innovation and community-driven development.
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