From CeFi to DeFi: Hashbon’s Journey Overcoming Hurdles

Warm greeting to Hashbon community and all supporters of our upcoming Rocket launch!

Since the launch of the Hashbon Rocket DeFi platform was announced, we have been receiving a variety of questions regarding Hashbon’s past, future, goals, and hurdles we’ve been through –– both in our Bitcointalk official thread and Telegram community. We have decided to tell our story in more details and give a better representation of our background and vision concerning the further development of Hashbon FiRe’s ecosystem.

Who is Hashbon?

Hashbon was founded in 2016 with the sole purpose of revolutionizing the financial space and reinventing finance. These goals merged into the name of our ecosystem –– Hashbon FiRe. While we were faced with many technical challenges when creating our platform, we were confronted with additional roadblocks. However, nothing got in the way of developing our products and releasing them in a timely manner.

The first product released was a payment gateway as well as a crypto wallet that was highly-rated by the crypto community. With our main focus on creating a well-rounded product meeting the needs of all crypto users, we launched Hashbon FiRe (Finance Reinvented).

The spark that lit a wildfire

To call 2018 a difficult year for the crypto industry would be an understatement, to say the least. During that year, crypto crashed and many projects had to be suspended or even worse, went outright bankrupt. In fact, many went on to call digital currencies a bubble and all-out lost faith in the technology. It would have been extremely difficult for any project to keep development through the crypto winter.

However, we did not cave in to the difficult times, as we were working on two products that lie under our ecosystem Hashbon FiRe. We soared through the cold times, froze our idea of business blockchain framework but did not put any of our ongoing projects on hold. Our mission was to enhance the crypto industry and create products that would solve prevalent issues in the crypto industry, and we were going to do so no matter what happens.

When presenting visual graphs, the crisis was self-explanatory as it is evident that Bitcoin hit a high of 20,000 USD before dropping to the 2,500 USD mark, which at the time, marked crypto as a “bubble”.

During this time, Hashbon’s product was already live, providing users with a user-friendly payment gateway and a secure wallet to store their assets. Needless to say, we did not give up on crypto.

Then a sudden realization came

In 2020, we had the idea of entering the DeFi sector. With the confidence that we could create a product that would simplify the financial space while increasing the crypto market’s efficiency — the idea for Hashbon Rocket was born.

Despite…

Hashbon Rocket has been in development since early 2021, full speed ahead and nothing is stopping its train!

This Rocket is our ticket to the DeFi space as we expand Hashbon FiRe’s utility and simplify the decentralized financial sphere.

A big market with even bigger potential

It’s fair to say that the financial space was seeing value in financial decentralization. We’ve seen what good crypto did to currencies, it’s only a matter of time until the crypto community decided that DeFi was going to be a massive change to the financial ecosystem, and within 2020, the realization finally came. The consensus was that DeFi was going to bring some sort of value to the community.

Our focus was dedicated to a few aspects. Creating a platform that is secure, efficient, and addressing an issue that is prevalent within the crypto industry. With Ethereum’s gas prices shooting through the roof, it’s evident that many were starting to look for alternative options.

One of the most popular alternatives to the Ethereum network that is incredibly well-supported by developers is the Binance Smart Chain. While this is one of the most popular blockchains available, we understand that many crypto users still hold ERC-20 tokens that they cannot liquidate due to the high gas prices (this is especially evident when looking at small capital crypto users). We made it our mission to develop a platform that allows you to exchange ERC-20 tokens for BEP-20 tokens and vice versa.

We understand that there are other projects positioning themselves in the DeFi sector, however, we know that our product will provide value to our users (whether they’re crypto enthusiasts or just the average crypto user).

What now?

It’s fair to say that Hashbon FiRe is in it for the long run. We expect our efforts to lead to a successful project as we’ve invested years into our technology. We’ve gained an impressive number of supporters and advisers along the way and have seen various successes. We plan on capitalizing on our success and making it a long term behavior of ours.

Our main concern is the consumer. If we keep you in our minds along the way, your best interest is safely secured.

Save the date — on the 9th of September our Rocket is going live. Join us at an early stage to secure a seat at its forefront!

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Finance Reinvented Crypto Ecosystem. Including DeFi CDEX platform Hashbon Rocket, payment gateway Hashbon React and crypto wallet Hashbon Quant

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Hashbon FiRe

Hashbon FiRe

Finance Reinvented Crypto Ecosystem. Including DeFi CDEX platform Hashbon Rocket, payment gateway Hashbon React and crypto wallet Hashbon Quant

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