News03 September 2021

Finance Reinvented Ecosystem Hashbon Moves to DeFi with a CDEX Platform Launch

Hashbon Moves to DeFi

Summary

  • Hashbon enters the DeFi market with the CDEX platform
  • CDEX to enable users to trade ERC20 tokens for BEP20 tokens
  • Hashbon network plans to use Proof of Stake mechanism
  • HASH token is both BEP20 and ERC20 compliant

On September 9, Hashbon Finance Reinvented will launch the Hashbon Rocket CDEX platform to become the first cross-chain DEX (decentralized exchange). With this pioneering project, users will be able to exchange any ERC20 tokens for any BEP-20 token under decentralized finance guidelines. The Hashbon rocket will start with support for exchange between Binance smart chain blockchain and Ethereum protocols.

The platform has plans to expand in the future to accommodate other EVM (Ethereum Virtual Machine) compatible networks. The Hashbon network plans to use PoS (Proof of Stake) mechanism. In this system, shareholders' decision making is dependent on the HASH tokens they hold.

“Cross-chain exchange between EVM-compatible blockchains is just the first step. In the future, we see Hashbon Rocket as a multifunctional DeFi platform that provides a variety of services from DeFi bonds for corporations to lending and staking.” - Grigory Bibaev, CEO of Hashbon Rocket.

HASH token is both BEP20 and ERC20 compliant trackable on BscScan and EtherScan. It will be the governance and utility token for Hashbon Rocket cross-chain DEX.

Kibet Elikana
Write a comment