Hashbon Rocket

Considering Hashbon Rocket’s unique value proposition, users can swap an ERC-20 token for another token that complies with the BEP-20 standard and vice versa while creating liquidity pools.

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Inspiration

The history of the Hashbon company begins in 2016, when the startup launched its first projects in centralized finance (CeFi) - a payment gateway and a crypto wallet. The major goal of Hashbon was to introduce convenient, secure and fast crypto payments into the daily life of users and businesses around the world. However, the crypto market does not stand still, and therefore the company in 2021 expands its functionality and enters the DeFi era, creating the Hashbon FiRe crypto ecosystem, which includes the following elements:

  1. Hashbon Rocket CDEX link is the world's first DeFi platform for exchanging tokens issued on different blockchains.
  2. Hashbon Quant wallet for secure acceptance and transfer of cryptocurrencies.
  3. Hashbon React payment gateway that allows merchants to accept payments in 30+ cryptocurrencies with 0% commission.
  4. Utility and governance token HASH link as fuel for the Hashbon ecosystem.

By the end of 2020, the DeFi market size was roughly $16 billion. However, during the third quarter of 2021, the market size grew to approximately $154 billion in total TVL. The Hashbon Rocket platform entered the market in September 2021, reflecting the impact of Decentralized Finance (DeFi) on the industry. With the exponential growth of the DeFi projects market, the team launched their own project. Having studied the market of existing DeFi projects, it was revealed that now in a decentralized manner; it is possible to exchange only one ERC-20 token for another ERC-20 token and a BEP-20 token for another BEP-20 token, and there is no cross-chain exchange between them. This problem inspired Hashbon to create a unique DeFi platform where the cross-chain exchange is possible.

What it does

Hashbon Rocket is a new generation of DEX. In the future, the platform will grow into a decentralized ecosystem that will offer companies the issuance of tokenized shares, a landing protocol, staking, and more. Now, at the MVP stage, Hashbon Rocket allows users to exchange any ERC-20 token for any BEP-20 token. In this way, the team has implemented a true decentralized inter-networking exchange. MVP currently supports the exchange between ERC-20 and BEP-20 tokens and EVM-compatible blockchains will soon be added, including Ethereum Classic, Matic, Fantom, Huobi xDai and Eco. The Hashbon Rocket platform uses Proof-of-Stake (PoS) consensus mechanisms. Where arbiters (judges) make decisions, and their strength depends on the share of HASH tokens they have. The more HASH tokens the arbitrators have, the higher the reward for the correct answer and, conversely, the higher the penalty for the wrong vote.

In order not to go deep into the mechanics of the platform, it is enough to consider the major functions that Hashbon Rocket provides and how they are useful. Firstly, this is the exchange of any ERC-20 tokens for any BEP-20 tokens, the fairness of the swap is ensured by a one-stage decentralized arbitration. Secondly, the platform has recently launched the ability to create pools. To understand the operation of the platform, as well as additional functions that arise in it, such as, for example, creating pools, the team developed an instruction on Gitbook link that will help the user in case of technical problems. The HASH token is the fuel for the operation of the Hashbon Rocket and is used to cover arbitration fees and transaction fees.

HASH is a BEP-20 and ERC-20 compliant token and can be tracked using EtherScan and BscScan. It is the fuel that powers the various participants in the system. To make an exchange on the Hashbon Rocket CDEX platform, liquidity providers must pay arbitrators in HASH tokens. In turn, these arbitrators will use the tokens as voting rights to verify and approve transactions. Tokens can also give arbitrators the right to put forward proposals for the development of the Hashbon ecosystem. In addition, users wishing to issue DeFi bonds or launch a crowdsale in the future use the HASH token. A detailed algorithm of the platform's operation is described in the WhitePaper. link

Team

The Hashbon company was founded in 2016 by Grigory Bibaev, the creator of the Matbea crypto project. Now the Hashbon team has over 40 specialists with experience in the crypto market and international IT companies. More details about the team can be found on the Hashbon website. link

Accomplishments that we're proud of

First of all, Hashbon is aimed at crypto enthusiasts who are interested in a fast and secure borderless payment service and embrace cryptocurrency payments and transfers as their daily method of dealing with finances. The entire Hashbon ecosystem is built on the HASH token, so it is important for the team to maintain its value and grow the audience of token holders. HASH allows holders to become full-fledged participants in the ecosystem, for example, acquire the status of an arbiter on the new decentralized Hashbon Rocket platform or launch a pool for exchanging tokens. The Hashbon team methodically promotes the ecosystem and products, building brand awareness in the media and crypto industry. They are already writing about the project:

  1. Yahoo Finance link
  2. Investing.com link
  3. CryptoDaily link

The HASH token can be purchased on Coinsbit, Uniswap, PancakeSwap, BurgerSwap, tracked on CoinMarketCap, CoinGecko, and also received on the Hashbon presale on favorable terms. We publish the latest project news on Telegram, LinkedIn, Medium, and other social networks.

Hashbon Rocket is available from anywhere in the world and offers its functionality in the spirit of complete decentralization of finance in all countries of the world where the Internet is available. On the eve of the launch of the platform, Hashbon launched a crowdfunding campaign, and the crypto community supported the development of the first DEX - a soft cap of $ 500,000 was successfully passed. On the 5th of November HASH token pre-sale finished and gathered $921,640, more information can be found in the official announcement link. At the moment, the Hashbon Rocket community consists of 30,000 crypto enthusiasts who support the project.

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