This allocation aligns with Hedera’s goal to strengthen its base following its 2023 performance, characterized by over 33 billion real-world transactions on the network.
The Hedera Council, the governing body of the Hedera network, has approved allocating 4.86 billion HBAR — Hedera Hashgraph’s native cryptocurrency, for further development and advanced decentralized governance.
In a blog post, the Hedera Council announced its decision to allocate 4.86 billion HBARs ($408.2 million) to develop the Hedera network. The lion’s share of this allocation, specifically 4.248 billion HBARs, will be directed toward existing initiatives, including the HBAR Foundation, the Hashgraph Association, and the DLT Science Foundation.
This action aligns with Hedera’s goal to strengthen its base following its 2023 performance, characterized by over 33 billion real-world transactions on the network. In addition to supporting ecosystem growth, a segment of the designated HBARs, totaling 614.06 million, will be used for operational costs of the Hedera Council and compensating early simple agreement for future tokens (SAFT) buyers.
