Hedera Council approves USD 408 million in HBAR to drive growth and move towards decentralized governance.
The allocation will strengthen key initiatives and support ecosystem partners, consolidating Hedera’s position in cryptocurrencies.
In a key decision, the Hedera Council, the governing body of the Hedera network, has given the green light for the allocation of 4.86 billion HBAR (Hedera Hashgraph native cryptocurrency) equivalent to USD 408.2 million. This allocation seeks to strengthen ongoing development and move towards stronger decentralized governance.
The initiative, announced through an official blog post, reflects Hedera’s strategic vision to consolidate its position after a solid performance in 2023, with more than 33 billion real transactions on its network.
A total of 4.86 billion HBAR has been allocated, with 4.248 billion earmarked to strengthen initiatives already underway, such as the HBAR Foundation, the Hashgraph Association and the DLT Science Foundation. The

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