HashPack Community Beginner
$PACK Token: Overview
$PACK token is the official utility token for HashPack, the leading retail wallet on Hedera Hashgraph. Designed to incentivize and reward users, $PACK enhances user engagement by offering rewards for utilizing in-wallet services like swaps and Secure Trade. It can be spent within the in-app store on exclusive items, used for community collaborations, and enables governance participation, allowing holders to vote on HashPack initiatives. The PackBack Rewards Program is a key feature, providing $PACK tokens as rewards for transactions, making DeFi activities within HashPack more appealing and accessible.
The $PACK tokenomics include a total supply of 1 billion tokens, with 800 million locked in vesting contracts and 200 million entering circulation at the Token Generation Event (TGE). These tokens will be distributed across various categories including liquidity, community rewards, marketing, operations, and core development. The community will receive the largest share, emphasizing HashPack’s focus on user engagement and loyalty. The long-term strategy for $PACK aims to integrate it deeply within the HashPack ecosystem and the broader Hedera network, enhancing the user experience and driving innovation in DeFi and NFT sectors.