Hedera set to expand through $4.5 billion allocation
The Hedera ecosystem is set to undergo improvement and expansion through a fresh allocation of 10.7 billion HBAR, which is equivalent to $4.5 billion and represents 20% of the token’s total supply. HBAR is Hedera Hashgraph’s native token. The Hedera Governing Council said that this expansion is aimed to better position itself in the highly competitive blockchain industry, where new players with innovative offerings are fast growing. The value of the 10.7 billion HBAR has actually more than doubled since the Council approved the allocation last July 14. It was