HBAR Tokens Worth $5 Billion to Boost Network Adoption
- The Hedera Governing Council approved $5 billion in HBAR for network adoption.
- HBAR Foundation will receive around 2.5 billion in HBAR tokens.
- The rest of the budget will be going to initiatives to boost the Hedera ecosystem
Hedera Hashgraph’s governing council composed of 23 organizations has allocated HBAR tokens for the platforms network adoption. The amount of tokens is 10.7 billion, worth around 5 billion dollars.
The fund will be split in half. The first half, worth $2.5 billion will be given to the HBAR Foundation. On the other hand, the rest of the allocation will go to initiatives that will help develop and expand the Hedera ecosystem.
According to Hedera Hashgraph CEO Mance Harmon, their platform is the most used energy-efficient and enterprise-grade public ledger available in the industry. Harmon said,
We are pleased that the Hedera Governing Council has made such a sig...
Read more: https://coinquora.com/hbar-tokens-worth-5-billion-to-boost-network-adoption/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
