Hashflow Launches Gamified Trading Platform ‘Hashverse’

by Cindy Tan

Printed: September 20, 2023 at 10:00 am Up to date: September 20, 2023 at 10:02 am

by Victor Dey

Edited and fact-checked:

In Temporary

Hashflow’s ‘Hashverse’ introduces a gamified method to DeFi buying and selling and governance.

The brand new gamified buying and selling platform goals to make buying and selling and governance enjoyable and inclusive.

Hashflow has chosen groups from outstanding Web3 communities throughout Ethereum and Arbitrum to take part in Hashverse’s buying and selling competitions.

Hashflow, a decentralized alternate (DEX), at the moment introduced the launch of its new gamified buying and selling platform, Hashverse. 

The DEX says that its objective is to make DeFi buying and selling and governance an attractive and immersive expertise for customers throughout Web3 communities. On the similar time, Hashflow desires to allow open participation and the chance to earn rewards.

Its resolution to embrace a gamified method to buying and selling and governance represents a big departure from typical strategies.

Hashflow collaborated with Superconductor, a staff of creatives accountable for blockbuster franchises like The Avengers, Captain America, and Quick & Livid. The ensuing lore immerses customers in a dystopian world that blends historical civilizations with cutting-edge applied sciences.

“We partnered with Hollywood creators to offer even richer storytelling than what Web3 is usually accustomed to,” Andrew Saunders, Hashflow’s Chief Advertising and marketing & Technique Officer (CMSO), advised Metaverse Publish. “We additionally felt that whereas buying and selling might be aggressive, including a storyverse angle would actually take issues to a different stage and lean into issues that we all know many on this area are personally enthusiastic about, like gaming, sci-fi, and many others.”

The Mechanics of Hashverse

In Hashverse, gamers can mint characters tied to web3 communities, often known as “Allegiances” on the platform, embark on single-player quests, and take part in team-based Battle Royales. The platform asserts that these actions supply an immersive expertise whereas additionally influencing the governance of the Hashflow protocol.

“Neighborhood is every thing in Web3, however we all know that many communities are remoted from each other. For the primary time, we wished to deliver these passionate people collectively collectively as we imagine a united Web3 can by no means be pale,” Saunders acknowledged.

After minting characters related to these Allegiances (communities), particular person gamers in single-player mode accumulate XP by participating in distinctive quests involving storytelling, buying and selling data, and neighborhood help. This XP not solely leads to HFT (Hashflow’s governance token) rewards for the gamers but in addition strengthens their respective communities.

Fostering Neighborhood Engagement and Inclusivity

The Hashverse locations a powerful emphasis on neighborhood collaboration and inclusivity. Holding HFT tokens grants customers a possibility to actively interact in governance selections. “The extra HFT you maintain and earn, the extra your votes matter in governance selections,” Andrew Saunders highlighted.

Furthermore, HFT holders with adequate balances can submit proposals by the governance discussion board. These proposals might doubtlessly make the most of HFT tokens from the neighborhood treasury. A sound proposal ought to be structured as a Hashflow enchancment proposal (HIP) and requires a champion to information it from proposal to acceptance.

Alpha Allegiances and Their Significance

Workforce-based buying and selling competitions (Battle Royales) are a key part of Hashverse. To type these groups, Hashflow has chosen alpha Allegiances encompassing NFT communities, buying and selling communities, and analysis communities throughout Ethereum and Arbitrum. 

These embrace Deadfellaz, DeGods, Pudgy Penguins, Prepared Participant DAO, Realm, Sappy Seals, and extra to be added sooner or later.

“We appeared for communities that proceed to thrive within the bear market in addition to tasks led by founders showcasing true long-term dedication to their communities,” Saunders defined when requested in regards to the alpha Allegiances’ choice standards.

Becoming a member of an alpha Allegiance within the Hashverse presents a number of pathways. Some gamers can entry these unique Allegiances by proudly owning NFTs related to them, granting them entry to distinctive characters and staff participation. The extra NFTs a participant possesses, the broader their array of character selections.

Alternatively, gamers with unique Hashflow NFTs, acquired by earlier actions like Creation’s Coffer mint, unlock an unique Allegiance and its distinctive characters.

In a bid to encourage inclusivity and allow people to discover new communities aligned with their pursuits, the Hashverse maintains an open-door coverage. Gamers who lack Allegiance-related NFTs can readily be part of the “Hashforce.” This inclusive method ensures that every one contributors can benefit from the platform’s choices and doubtlessly uncover web3 communities that resonate with their private passions.

Rewards for All

Season 1 of the Hashverse incorporates a substantial prize pool of 1 million HFT tokens, benefiting each alpha Allegiances and particular person gamers. 

“We imagine that web3 ought to be by the individuals and for the individuals. In consequence, it will be important as a challenge to all the time give greater than we take,” Saunders mentioned. 

The primary Battle Royale of Season 1 is about to kick off on October 4. These concerned about taking part in can begin signing up at the moment. The season is scheduled to run for 12 consecutive twelve weeks, with contributors participating in Battle Royales each fortnight to vie for a share of the prize pool.

Cindy is a journalist at Metaverse Publish, protecting matters associated to web3, NFT, metaverse and AI, with a deal with interviews with Web3 trade gamers. She has spoken to over 30 C-level execs and counting, bringing their useful insights to readers. Initially from Singapore, Cindy is now based mostly in Tbilisi, Georgia. She holds a Bachelor’s diploma in Communications & Media Research from the College of South Australia and has a decade of expertise in journalism and writing.Get in contact together with her through [email protected] with press pitches, bulletins and interview alternatives.

Extra articles

Cindy Tan

Cindy is a journalist at Metaverse Publish, protecting matters associated to web3, NFT, metaverse and AI, with a deal with interviews with Web3 trade gamers. She has spoken to over 30 C-level execs and counting, bringing their useful insights to readers. Initially from Singapore, Cindy is now based mostly in Tbilisi, Georgia. She holds a Bachelor’s diploma in Communications & Media Research from the College of South Australia and has a decade of expertise in journalism and writing.Get in contact together with her through [email protected] with press pitches, bulletins and interview alternatives.