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Author Topic: [ANN][HASH] HASHBON ROCKET is the first CDEX fuelled by HASH token!  (Read 588 times)

Offline Hashbon

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    Second year Anniversary 10 Posts First Post




HASHBON ROCKET is the first cross-chain decentralized token exchange (CDEX). Hashbon presents an opportunity to swap any ERC-20 token for any BEP-20 one and vice versa in the DeFi manner (more blockchains are coming soon).

In contrast, traditional decentralised exchanges support only intra-chain swaps.

3… 2… 1… Final Countdown to Hashbon Rocket: fasten seatbelts, the platform launches on September, 9!



FEATURES


  • A fully decentralized cross-chain exchange (CDEX)
     
  • HASH token as the cornerstone of HASHBON ROCKET is used for covering arbitrage fees and staking
     
  • Hashbon Rocket supports EVM-compatible blockchains
     
  • Swap fairness is insured by decentralized network of arbitrators
     
  • Any HASH token holder is eligible for an arbitrator’s role – get an early-bird HASH
     
  • HASHBON ROCKET is inside the Hashbon FiRe ecosystem (Finance Reinvented)



ALGORITHM



A detailed description of how Hashbon Rocket’s algorithm works


  • A liquidity provider posts an offer in the contract 
running on the BSC to swap tokens with set parameters and the amount of tokens to be exchanged is withdrawn 
from the exchange service balance and credited to the contract balance
     
  • The client finds the offer and places an order to purchase
 the desired amount of tokens, all in the BSC contract
     
  • The client creates a payment on the Ethereum Mainnet, 
and their tokens are credited to the exchange service account
     
  • The clients flags the order as paid on the BSC
     
  • Arbiters compare the order to the corresponding 
payment and decide to transfer the tokens purchased to the client as long as the payment has come through
     
  • Based on the taken decision, Arbiters vote on
 whether or not to transfer the tokens to the client, implementing a method in the BSC contract
     
  • Once voting is over, the final voting transaction transfers the tokens to the client
     






MISSION


In 2021, Hashbon brightly sparkles on the cryptocurrency market scene — burning the frames, limits and barriers like a FiRe. We are creating a multi-functional financial services ecosystem named Hashbon FiRe (Finance Reinvented). All Hashbon Rocket services are based on DeFi and expected to expand up to staking and lending. Hashbon’s users will be able to exchange tokens issued on different blockchains, create tokenized shares of companies through the network of oracles, take part in a crowdsale to invest in a new DeFi era Hashbon brings to the world economy.


STRATEGY


Currently, the product brings together two blockchains: the Ethereum Blockchain and the Binance Smart Chain. 

Further steps will include adding new chains (EVM-compatible blockchains
) such as Ethereum Classic, Matic, Fantom, Huobi Eco, xDai.






DEEP DIVE INTO HASHBON ROCKET'S WHITEPAPER

BE SURE TO CHECK HASHBON ROCKET’S ROADMAP

JUMP TO HASHBON ROCKET

HASHBON’S OFFICIAL CHANNELS:

Website | Telegram | Twitter | Instagram | Facebook | Reddit | Linkedin

HASHBON FEATURED IN THE MEDIA:

YahooFinance | Bitcoin.com | Investing.com | Bitcoinist | NewsBTC | The Entrepreneur

GRAB SOME HASH:

Pre-Sale | Uniswap | Pancakeswap

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Offline Hashbon

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    Second year Anniversary 10 Posts First Post
[ANN] [CDEX] Hashbon Rocket is now Live - Cross-chain decentralized exchange
« Reply #1 on: September 16, 2021, 11:08:57 AM »



First of all, we thank our community and early-bird passengers of the Hashbon Pre-Sale for following our development of Hashbon Rocket’s release and for the support and constructive inputs we’ve seen thus far in our social media. With that being said, we’re finally excited to announce that:
Hashbon Rocket is now Live!


Let’s get to know the first-ever CDEX (cross-chain decentralized exchange) closer –– it is a huge step for Hashbon into the DeFi space. The platform is already covered by media:


What is Hashbon Rocket?

Explore Hashbon Rocket — the DeFi ecosystem starting on 9th of September, 2021 with the ability to swap any ERC-20 token for any BEP-20 one and vice versa and creating liquidity pools.

Currently the platform supports two of the largest blockchains –– the Ethereum blockchain and Binance Smart Chain. More blockchain support will be rolling out along the way.

Your average swap only supports intra-chain exchanges, meaning that exchanging two unsupported tokens isn’t a possibility. We put heavy focus on creating a platform concentrating on functionality and having a seamless user-friendly experience.


Hashbon Rocket features

  • A fully decentralized cross-chain exchange
     
  • HASH token is the heart of Hashbon Rocket. It is used for covering arbitrage fees and staking
     
  • Hashbon Rocket supports EVM-compatible blockchains
     
  • Swap fairness is insured by the decentralized network of arbiters
     
  • Any HASH token holder is eligible for an arbiter’s role
     
  • Hashbon Rocket is inside the Hashbon FiRe ecosystem (Finance Reinvented)
     
As provided in our roadmap, being a decentralized cross-chain exchange isn’t where the road ends for Hashbon Rocket. We plan on expanding its utility further to provide a more rich experience for our users.

How the Algorithm Works

We have a proof of stake consensus algorithm at the heart of Hashbon Rocket’s functionality –– we’re creating a system that is both efficient and secure. This was achieved by creating an infrastructure based on arbiters staking and confirming transactions.

When a transaction comes through, arbiters vote on whether the transaction is successful or not. If the transaction fails, funds will be returned to the user initiating the order. If it is voted as successful, the exchange will take place and tokens will be sent to the user’s wallet.




Here is how the algorithm works in details:

  • A liquidity provider posts an offer in the contract running on the BSC to swap tokens with set parameters
     
  • The amount of tokens to be exchanged is withdrawn from the exchange service balance and credited to the contract balance
     
  • The client finds the offer and places an order to purchase the desired amount of tokens, all in the BSC contract
     
  • The client creates a payment on the Ethereum Mainnet, and their tokens are credited to the exchange service account
     
  • The clients flags the order as paid on the BSC
     
  • Arbiters compare the order to the corresponding payment and decide to transfer the tokens purchased to the client as long as the payment has come through
     
  • Based on the taken decision, Arbiters vote on whether or not to transfer the tokens to the client, implementing a method in the BSC contract
     
  • Once voting is over, the final voting transaction transfers the tokens to the client
     

How to use Hashbon Rocket

A. ERC-20 <> BEP-20 Tokens Swaping

Please follow this 1–2–3 guide on Gitbook for exchanging tokens from BEP-20 to ERC-20 (as described in the example with screenshots) and vice versa.

B. Liquidity Pool Creation

Here is the detailed instruction on running pools in Hashbon Rocket.

Should you have any questions or misunderstandings of how to use Hashbon Rocket, please don’t hesitate to ask us here or through our social media.


HASHBON’S OFFICIAL CHANNELS:

Website | Telegram | Twitter | Instagram | Facebook | Reddit | Linkedin


GRAB SOME HASH:

Pre-Sale | Uniswap | Pancakeswap
« Last Edit: September 16, 2021, 11:31:50 AM by Hashbon »

 

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