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Hakka Finance (HAKKA) price has declined today.
The price of Hakka Finance (HAKKA) is $0.001466885193 today with a 24-hour trading volume of $1.41. This represents a -4.80% price decline in the last 24 hours and a 5.50% price increase in the past 7 days. With a circulating supply of 290 Million HAKKA, Hakka Finance is valued at a market cap of $429,053.
What is Hakka Finance?
Hakka Finance is a Decentralized Autonomous Organization (DAO) aiming to build a suite of Decentralized Finance (DeFi) products.
Hakka Finance operates on the Ethereum blockchain, and its native token is called HAKKA. HAKKA is used to vote on governance proposals for the Hakka Finance protocol.
A brief history of Hakka Finance
Hakka Finance bootstrapped their project through seed funds from friends and family. 72,014,500 HAKKA tokens were released at $0.0005 by the end of 2019, and 60% of these released tokens are vested in the foundation’s multi-sig wallet for half a year. More information on this can be found here.
Hakka Finance officially launched during the DeFi summer in August 2020. At the time of writing, the team comprises four prominent people:
- Ping Cheng (Founder)
- Jack Lai (Technical Researcher)
- Wego Chen (Advisor)
- Ian Hsu (Advisor)
What are the products of Hakka Finance?
Currently, there are six products on Hakka Finance:
- BlackHoleSwap
- Third Floor Mutual
- Hakka Intelligence
- iGain
- Tokenized Collateralized Debt
- Crypto Structured Fund
However, only four out of the six products are live and operational.
BlackHoleSwap
BlackHoleSwap is an Automated Market Maker based decentralized exchange (DEX) built specifically for stablecoins. BlackHoleSwap and Curve’s biggest difference is that BlackHoleSwap puts its reserves into lending protocols such as Compound.
There are currently only two stablecoins on BlackHoleSwap: DAI and USD Coin.
Third Floor Mutual
Third Floor Mutual acts as insurance in case MakerDAO collapses.
(Image source: https://hakka-finance.gitbook.io/hakka-wiki/hakka-products/third-floor-mutual-3fm)
Unlike most insurance, the premium purchased on Third Floor Mutual will never expire.
Hakka Intelligence
Hakka Intelligence is a price prediction platform that allows HAKKA token holders to predict each asset’s position changes. The initiator is the HAKKA team themselves, who will set the ratio and values of each asset.
Participants are required to stake a certain amount of HAKKA, and if the final score is above average, they will earn some rewards. Vice versa, if the score is below average, participants will incur some loss.
If you are interested in learning more about how it works, you can refer to this document.
iGain
iGain (short for impermanent gain) is a dApp that allows traders to buy Call or Put options on the underlying assets. These Call and Put options are tokenized into Long and Short tokens and traded in a built-in decentralized exchange.
For the built-in decentralized exchange to work, liquidity providers are needed to bootstrap it. Liquidity providers can earn trading fees (3%) and reward for providing liquidity. If the liquidity providers withdraw liquidity before the expiration date, the protocol will charge a 3% withdrawal fee. To learn more on how it works, you can refer to the iGain documentation.
How can I get HAKKA?
There are two ways where you can obtain Hakka:
- You may buy it from decentralized exchanges such as Uniswap and Balancer.
- You may participate in Hakka’s yield farming program. There are currently two active pools, and both require liquidity on Balancer before staking on Hakka Finance’s reward pools. You can read more about it here.
What can I do with a HAKKA token?
Hakka Finance refers to itself as a DAO and transfers the power back to its community. If you are interested in their governance roadmap, you can refer to it here.
HAKKA token holders can vote on Hakka Improvement Proposals (HIP) on its voting page. Currently, voting is conducted off-chain, and hence, there will be no gas involved when voting.
Where can you buy Hakka Finance?
HAKKA tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Hakka Finance is PancakeSwap (v2), where the most active trading pair HAKKA/BUSD has a trading volume of $1.41 in the last 24 hours. Other popular options include Uniswap V2 (Ethereum) and Balancer V1.
What is the daily trading volume of Hakka Finance (HAKKA)?
The trading volume of Hakka Finance (HAKKA) is $1.41 in the last 24 hours, representing a -99.40% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Hakka Finance (HAKKA)?
The highest price paid for Hakka Finance (HAKKA) is $1.14, which was recorded on Sep 01, 2020 (over 3 years). Comparatively, the current price is -99.90% lower than the all-time high price.
What is the all-time low for Hakka Finance (HAKKA)?
The lowest price paid for Hakka Finance (HAKKA) is $0.000103178719, which was recorded on Dec 17, 2022 (12 months). Comparatively, the current price is 1,321.40% higher than the all-time low price.
What is the market cap of Hakka Finance (HAKKA)?
Market capitalization of Hakka Finance (HAKKA) is $429,053 and is ranked #2730 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of HAKKA tokens (290 Million tokens are tradable on the market today).
What is the fully diluted valuation of Hakka Finance (HAKKA)?
The fully diluted valuation (FDV) of Hakka Finance (HAKKA) is $838,831. This is a statistical representation of the maximum market cap, assuming the maximum number of 570 Million HAKKA tokens are in circulation today. Depending on how the emission schedule of HAKKA tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Hakka Finance compare against its peers?
With a price increase of 5.50% in the last 7 days, Hakka Finance (HAKKA) is underperforming the global cryptocurrency market which is up 6.40%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of Hakka Finance today?
There are no votes on Hakka Finance (HAKKA) today. Be the first to vote and share this with your community.
How to add Hakka Finance (HAKKA) to MetaMask?
Adding Hakka Finance (HAKKA) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import HAKKA as a token. You can copy HAKKA’s contract address (0x0e29e5abbb5fd88e28b2d355774e73bd47de3bcd) and import it manually, or if you've installed MetaMask's chrome extension, add HAKKA to MetaMask with one click on CoinGecko.
Add HAKKA to MetaMask.
