Hedera Hashgraphs’ cryptocurrency, Hbar, will now be listed on the Bittrex Exchange. Recently, Okex was the first to announce support for the Hbar cryptocurrency.
Hedera Hashgraph is a decentralized blockchain platform backed by the Hedera Governing Council. The Governing Council includes Boeing holdings Ltd, IBM, Deutsche Telekom, Tata Communications, Nomura and other technology giants and investors.
The price of cryptocurrency at the last SAFT (Simple Agreement for Future Tokens) was $0.12. Hedera has raised $124 million in 2018 from accredited investors and governing council members. The first round of SAFT was sold at less than a cent. Hence, the SAFT investors stand to make huge gains from the sale.
Reportedly, South Korean crypto exchange, Upbit, and Micheal Novogratz’s Galaxy Digital are also planning to add support for Hedera.
Will Speculation be in Galore?
Moreover, due to the backing and technical prowess of Hedera, it can expect a lot of speculation in the early days.
Hedera seems to have adopted Libra is now proposing a similar governance model. Libra attributed its attention to Facebook, MasterCard, Visa, Uber, and other FinTech Giants. However, the plans have received considerable opposition from central banks and world Governments. France, US, UK, and even Switzerland have raised massive concerns against its release.
On the other hand, Hedera also includes the speculative nature against Libra’s stablecoin. Prominent leaders in the technology space are members of its council.
The blockchain is scheduled for launch on 16th September 2019. The Exchanges will start accepting the deposit of the tokens on the same day. Bittrex plans to begin trading the next day. The press release stated,
Customers will be able to trade on the HBAR/BTC, HBAR/ETH, HBAR/USDT, and HBAR/USD markets on Tuesday, September 17 at 09:00 UTC/ 02:00 PDT
As reported earlier on CoinGape, the trading on Okex is also expected to start on 17th.
Do you think other exchanges should add support for it too? Please share your views with us.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Nivesh from Engineering Background is a full-time Crypto Journalist at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com