The Hedera Governing Council recently announced that it had allocated 10.7 billion HBAR, Hedera Hashgraph’s native token, to fund the development and expansion of the ecosystem.
The official announcement revealed that the amount worth approximately $4.5 billion at the current market price ($0.42) represents 20% of the token’s total supply.
Interestingly, the value of the 10.7 billion HBAR has more than doubled since the Governing Council approved the allocation at a July 14 meeting. The tokens were worth about $2 billion on that date.
DeFi, NFTs, CBDCs and iGaming on Hedera
The Hedera council said it had already designated half of the funds to its recently established independent HBAR Foundation. The autonomous organization would be responsible for the distribution of the remainder.
As per the announcement, the remaining half of the fund currently held in Hedera treasury accounts will be deployed to partnerships and other initiatives that will strengthen the ecosystem.
The foundati
Źródło: https://cryptopotato.com/4-5-billion-allocated-to-expand-the-hedera-hashgraph-ecosystem/
