Introducing PACK token

PACK token is the official utility token for HashPack.

A utility token that’s made for the community, to reward our loyal supporters, and provide value for both new and existing users of HashPack.

Why are we making a token?

As industries and ecosystems evolve, so do the needs of users. HashPack was formed from within the Hedera community, and we've attained a deep understanding of the need for community centric products built on real world experience.

PACK token aims to enhance user engagement and our community's needs through loyalty programmes and unique experiences, unlocking opportunities for innovative new features that further ingrain our users into a seamless world of digital finance.

The launch date of PACK will be announced over the coming weeks, but we're aiming for the second quarter of 2024. Distribution and utilities will also be announced soon. We plan to take a community centric approach for both token distribution and utility.

HashPack CEO, May Chan, on the vision for PACK token and its impact on the community:

“We have numerous plans for enhancing the experience within HashPack. These include ways to personalise your experience, engage more deeply in DeFi, and ensure your time in HashPack is worthwhile, enjoyable, and engaging."

PACK token was conceived from discussions on how to reward users for utilising HashPack. Initially, PACK serves as a loyalty and reward token with utility within HashPack. Yet, over the long term, we aspire for PACK to be used more broadly, seizing opportunities as the ecosystem and community develop.

We are committed to being responsible stewards of this ecosystem, upholding transparency and communication as we have since the company's founding.

Our milestones and statistics

HashPack has become the go-to gateway for exploring the Hedera network. Accounting for over 90% of Hedera's monthly active users, HashPack drives the majority of network activity across these key areas:

• Dominating DeFi: A staggering 99% of Hedera’s total value locked (TVL) and transaction volume is enabled by HashPack, solidifying leadership in the ecosystem.
• NFT hub: 95% of NFT trading on Hedera occurs through HashPack, making it the preferred platform for collectors and creators alike.
• dApp powerhouse: With integrations reaching 99% of existing dApps, HashPack acts as a central connector, allowing users to seamlessly access various decentralised applications.
• Innovation at the core: HashPack championed interoperability by pioneering HashConnect, linking wallets and dApps throughout the Hedera network, as well as being the first wallet to integrate the WalletConnect standard on Hedera.

Built by the community, for the community

Our introduction of PACK token aims to revolutionise user engagement and loyalty on the Hedera network, with plans for a launch in early Q2 2024.

Soon, we’ll be announcing more information about the tokenomics, distribution, and utility of PACK token. It's an exciting new chapter for HashPack, and one that we can't wait to share with our amazing community!

Be sure to join our Discord community and follow us on Twitter for more updates.