The Hedera Board of Directors will allocate 4.86 billion HBAR for ecosystem growth
The HBAR committee announced that it has voted to approve the allocation of 4.86 billion HBAR (approximately $380 million) for ecosystem growth. The majority of the allocation (4.248 billion HBAR) will be distributed by the Hedera board to the HBAR Foundation, Hashgraph Association, and DLT Science Foundation. The HBAR Foundation and Hashgraph Association will receive their allocations in the first quarter, while the DLT Science Foundation will receive its allocation after reaching milestones throughout the year.
In addition, 614 million HBAR will be used for operational expenses of the Hedera Council and payments to early SAFT purchasers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
When social discussions are sluggish, Altseason may become a contrarian signal
Data: Approximately 76,100 SOL flowed into a certain exchange's Prime, valued at about $6.49 million.
Trending news
MoreCiti: If the conflict continues, the short-term copper price may fall below $12,000
A cryptocurrency exchange recently issued an announcement stating that it has noticed some users may experience transaction delays or performance degradation when trading bitcoin through the Base application and wallet extension features.
Crypto prices
More
