Hedera Hashgraph Icobakercoindesk: Hashgraph tokens, which recently raised $100M+, are so popular that investors are scrambling to buy before they run out of stock. The price on cryptocurrency exchanges has been dropping steadily, down from a high of $0.12 to around $0.05 as of March 9th 2018.
As a result, the company is asking its investors to wait an extra week before receiving their tokens in order to help stabilize the token’s price on exchanges and make it more attractive for future investors with an ICO coming up.
The project, which claims to use ‘secretive algorithms’, is called a ‘Byzantine Fault Tolerant’ consensus mechanism.
The price of Hedera Hashgraph tokens has fallen so much that holders can now buy the tokens for around $0.06, or over a 90% discount compared to the original ICO price of $1.20 in 2017.
It’s not clear if the price drop is related to the recent regulation imposed on ICOs in China and Singapore, which are both popular sources for crypto-investors.
According to CoinMarketCap, Hedera Hashgraph tokens are currently trading at $0.053.The company’s ICO raised around $100M from investors who were looking to be part of a new era of distributed ledger technology, as they believe that blockchain technology had completed its development phase and was ready to be integrated with existing systems.
Hedera Hashgraph claims to have distributed ledge technology that can replace the blockchain, by using a consensus mechanism called Gossip About Gossip (GAG), which they claim is much faster and more secure.
Hedera claims to have over 100,000 members in its network, and the company is looking to integrate their technology with all kinds of applications, including smart contracts.
According to Hedera’s website, the virtual machine for their platform is currently scheduled for release in Q2 2018.