Hedera Hashgraph Will Release 1.2 Billion HBAR Tokens

HBAR Token. (Photo; Doc. CoinMarketCap)

JAKARTA Hedera Hashgraph recently announced that it will open access to some HBAR tokens. Hedera developers plan to release about 1,273,353,491 HBAR tokens from their total supply.

According to Token Unlock, the plan will be implemented on June 1. Hedera stated that the release of 1.2 billion HBAR tokens includes 533 million HBAR for purchase agreements, 403 million tokens for ecosystem development and open source purposes. Then 355 million tokens for governance or network governance and related operations.

For information, the total supply of HBAR cryptocurrencies circulating in the market is around 31 billion tokens, about 62 percent of the total maximum supply of 50 billion HBAR.

At the time of writing, the total supply of HBAR in circulation is about 31 billion, which is about 62 percent of the maximum supply of 50 billion. Although the opening of these tokens could increase the supply of tokens available, the impact may not be too significant and would only result in a small addition to the supply of tokens available.

This is because the Hedera project has experienced several token openings over the past few years, so the level of selling pressure in the market can be controlled.

In response to this news, the price of HBAR is currently trading at IDR 772 per token, which shows an increase of about 1 percent in the last 24 hours according to CoinMarketCap data.

Overall, although the release of tokens could put little selling pressure on HBAR prices on the market, the impact may not be significant and can be well controlled.