What is Hashflow (HFT)?
Hashflow is an innovative decentralized exchange (DEX) that offers a commission-free trading experience with zero slippage. With a focus on interoperability and protection against manipulation via front-running or miner extractable value (MEV), Hashflow has established itself as a leading platform for cross-chain trading. Users can enjoy seamless swapping across multiple blockchains without the need for bridging or synthetic assets, with guaranteed execution at quoted prices.
How does Hashflow work?
Hashflow enables users to swap assets across chains in a matter of minutes without relying on external token bridges. The platform is designed to provide full protection against slippage and miner extractable value (MEV) exploits, whether the trade takes place locally on one chain or across multiple chains.
To achieve this, Hashflow employs a hybrid on-chain/off-chain Request for Quote (RFQ) engine that obtains quotes from market makers who maintain liquidity in on-chain pools. Market makers are required to sign the quotes cryptographically, ensuring that the prices offered to users are fixed and cannot be manipulated by MEV bots.
Hashflow also safeguards traders from slippage caused by cross-chain MEV, which can occur when there is a significant price change between the validation of the transaction on the source chain and the relay of the payload to the destination chain.
What is the HFT token?
HFT (High-Frequency Token) serves as both the native token for the Hashflow protocol and the gamified governance platform, Hashverse. Staking HFT enables users to access various features within the Hashflow ecosystem.
Buying Hashflow on Binance vs BingX
Crypto trading is similar to stock trading and takes place on exchanges, with fees that vary depending on the platform. To maximize profits, it's crucial to understand the fees associated with crypto trading.
Exchanges may have a tiered fee structure based on a user's 30-day trading volume or may charge a flat fee or a percentage of the trade value. Some exchanges offer discounts for high-volume traders or members with specific memberships.
Binance's standard maker fee is 0.1% and taker fee is 0.1%, with discounts for BNB holders or high-volume traders. BingX's standard maker fee is 0.075% and taker fee is 0.075%.
Fee comparison table:
Fees are subject to change, so it's important to check the current fee schedule before using an exchange.
Services and Features Offered
Binance is known for its mobile-friendly trading and strong security measures to protect users' assets and information. It offers trading from various devices including desktop, smartphones, and iPads. Binance is not available in the US but has partnered with Binance.US to serve American investors.
BingX is a global digital finance firm offering services in North America, Canada, EU, Hong Kong, and Taiwan. It offers financial services such as lending, borrowing, staking, and crypto buying/selling. BingX features a referral program, trading competition, and copy trading for those who want to follow experienced traders. When buying HFT on BingX, users can take advantage of the copy trading option for passive profit-maximizing.
In conclusion, Binance and BingX have different services and features, and the best option depends on the user's needs and preferences. Careful research and consultation with financial advisors are recommended before making any investment decisions.