HBAR Tokens Worth $5 Billion to Boost Network Adoption By CoinQuora
- The Hedera Governing Council approved $5 billion in HBAR for network adoption.
- The HBAR Foundation is expected to receive approximately 2.5 billion HBAR tokens.
- The rest of the budget will be going to initiatives to boost the Hedera ecosystem
Hedera Hashgraph’s governing council composed of 23 organizations has allocated HBAR tokens for the platforms network adoption. It is worth approximately 5 billion dollars and 10.7 billion tokens.
It will be broken in half. The HBAR Foundation will receive the first $2.5 billion. The remainder of the allocation will be used to support initiatives which will develop and expand Hedera’s ecosystem.
Mance Harmon, Hedera Hashgraph CEO said their platform is one of the most widely used and energy efficient public ledgers in the sector. Harmon said,
We are pleased that the Hedera Governing Council has made such a sig…
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