$0.04973797
24H %
2.09%
24H Low
$0.04849829
24H High
$0.05044709
DownloadIcon
TO

Linear
Log

About Hedera

Sector

Smart Contract Platform


Industry Group

Single Chain


Industry

Single Chain



The Hedera price is $0.05, a change of 2.09% over the past 24 hours as of 8:28 a.m. The recent price action in Hedera left the tokens market capitalization at $1,230,429,008.24. So far this year, Hedera has a change of -83.44%. Hedera is classified as a Smart Contract Platform under CoinDesks Digital Asset Classification Standard (DACS).


Hedera (HBAR) is the native token of Hedera Hashgraph, a decentralized ledger based on directed acyclic graph technology.

HBAR Price

Hedera minted 50 billion HBAR coins when the network went live in August 2018. That supply is fixed. About 45% of the coins were issued to investors and the team, and about 55% was reserved for the Hedera treasury.

Hedera started trading in September 2019. It generally traded below $0.03 until the crypto boom of 2021, when its price rose to $0.40 in April 2021. After a dip back to $0.17 in July 2021, HBAR rose again the same year, hitting highs of $0.57 in September 2021. Like many other coins, HBAR couldn’t sustain its high, and eight months later, it had slumped to $0.13.

How does Hedera work?

Hedera used something called a “directed acyclic graph,” or DAG, an alternative network to blockchain technology that aims to speed up the network’s ability to validate transactions as it grows. Its development was led by Hedera’s co-founder and one-time chief scientist, Dr. Leemon Baird.

HBAR is the protocol’s native currency and is used to settle transactions, analogous to ether (ETH) for Ethereum or bitcoin (BTC) for Bitcoin. Holders can also stake the token to earn more HBAR. Hedera supports the Ethereum Virtual Machine, meaning that it supports ERC-20 smart contracts.

Hedera plans to distribute its tokens over 15 years. In 2018, it raised $124 million in several initial coin offerings (ICOs). The token sales were structured as “simple agreement for future tokens” (SAFTs) offerings, meaning that tokens will be distributed over time, subject to lockups.

SAFTs were designed to avoid the ire of securities regulators by distributing tokens after the network had decentralized. In theory, that would mean securities regulators wouldn’t point fingers at a token issuer for securities violations. SAFTs have had mixed success. The U.S. Securities and Exchange Commission shut down Telegram’s blockchain network, TON, which had sold tokens through a SAFT sale.

Governance and key events

Hedera’s nodes are operated by its council, a revolving door of up to 39 companies. Members include Ubisoft, Google, UCL, Boeing (BA) and Deutsche Telekom. As of May 2022, the council had 26 members. Members can serve up to two consecutive terms, and each term can last for three years. The council is also responsible for governing the direction of the platform’s codebase.

Alongside Baird, the inventor, Hedera Hashgraph was co-founded by Mance Harmon, who served as the CEO of its Dallas-based Hedera Foundation – the organization that oversees the Hedera network. In May 2022, Baird and Harmon left the Hedera Foundation to launch Swirlds Labs, a software company that leverages Hedera. Baird will continue to contribute to Hedera as a council representative of Swirlds, and will sit on its technical committees.

Hedera has used its treasury reserves to launch development funds. In March 2022, it opened a $100 million fund for projects that focus on sustainable development. In the same month, it introduced a $155 million “crypto economy” fund to attract decentralized finance (DeFi) projects. And in April 2022 it launched a $250 million fund to attract metaverse apps.


Previously Aired
CDTV logo

FTX founder and former CEO Sam Bankman-Fried "froze up in the face of pressure" as his company collapsed, he wrote in a new letter sent to employees of the company he once helmed. Kraken incoming CEO Dave Ripley joins "First Mover" to discuss his outlook for the crypto industry. Plus, could bitcoin outperform ether in the coming months? Fairlead Strategies founder and Managing Partner Katie Stockton weighs in.

$1.23B

$13.11M


Hedera Price

24H Open
$0.04866309
24H Change
$0.00101839
52 Week Low
$0.04249400
52 Week High
$0.35540900
All Time High
$0.56922900
Returns (YTD)
-83.44%

Hedera Market Stats

Total Supply
24.74B
Max Supply
50.00B
24H Value Transacted
N/A
30D Volatility
1.05
24H Transaction Count
N/A
24H Average Transaction Fee
N/A

About Hedera

Sector

Smart Contract Platform


Industry Group

Single Chain


Industry

Single Chain



The Hedera price is $0.05, a change of 2.09% over the past 24 hours as of 8:28 a.m. The recent price action in Hedera left the tokens market capitalization at $1,230,429,008.24. So far this year, Hedera has a change of -83.44%. Hedera is classified as a Smart Contract Platform under CoinDesks Digital Asset Classification Standard (DACS).


Hedera (HBAR) is the native token of Hedera Hashgraph, a decentralized ledger based on directed acyclic graph technology.

HBAR Price

Hedera minted 50 billion HBAR coins when the network went live in August 2018. That supply is fixed. About 45% of the coins were issued to investors and the team, and about 55% was reserved for the Hedera treasury.

Hedera started trading in September 2019. It generally traded below $0.03 until the crypto boom of 2021, when its price rose to $0.40 in April 2021. After a dip back to $0.17 in July 2021, HBAR rose again the same year, hitting highs of $0.57 in September 2021. Like many other coins, HBAR couldn’t sustain its high, and eight months later, it had slumped to $0.13.

How does Hedera work?

Hedera used something called a “directed acyclic graph,” or DAG, an alternative network to blockchain technology that aims to speed up the network’s ability to validate transactions as it grows. Its development was led by Hedera’s co-founder and one-time chief scientist, Dr. Leemon Baird.

HBAR is the protocol’s native currency and is used to settle transactions, analogous to ether (ETH) for Ethereum or bitcoin (BTC) for Bitcoin. Holders can also stake the token to earn more HBAR. Hedera supports the Ethereum Virtual Machine, meaning that it supports ERC-20 smart contracts.

Hedera plans to distribute its tokens over 15 years. In 2018, it raised $124 million in several initial coin offerings (ICOs). The token sales were structured as “simple agreement for future tokens” (SAFTs) offerings, meaning that tokens will be distributed over time, subject to lockups.

SAFTs were designed to avoid the ire of securities regulators by distributing tokens after the network had decentralized. In theory, that would mean securities regulators wouldn’t point fingers at a token issuer for securities violations. SAFTs have had mixed success. The U.S. Securities and Exchange Commission shut down Telegram’s blockchain network, TON, which had sold tokens through a SAFT sale.

Governance and key events

Hedera’s nodes are operated by its council, a revolving door of up to 39 companies. Members include Ubisoft, Google, UCL, Boeing (BA) and Deutsche Telekom. As of May 2022, the council had 26 members. Members can serve up to two consecutive terms, and each term can last for three years. The council is also responsible for governing the direction of the platform’s codebase.

Alongside Baird, the inventor, Hedera Hashgraph was co-founded by Mance Harmon, who served as the CEO of its Dallas-based Hedera Foundation – the organization that oversees the Hedera network. In May 2022, Baird and Harmon left the Hedera Foundation to launch Swirlds Labs, a software company that leverages Hedera. Baird will continue to contribute to Hedera as a council representative of Swirlds, and will sit on its technical committees.

Hedera has used its treasury reserves to launch development funds. In March 2022, it opened a $100 million fund for projects that focus on sustainable development. In the same month, it introduced a $155 million “crypto economy” fund to attract decentralized finance (DeFi) projects. And in April 2022 it launched a $250 million fund to attract metaverse apps.


Market Analysis
Social Analysis

Trending Assets

Bitcoin Calculator

Last Updated on 11/26/22 8:28 AM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.


Latest About Hedera

CoinDesk - Unknown
Hedera, a Distributed Network Targeting Businesses, Jumps Into Metaverse Fray

The Hedera partnership comes at a time when sales of virtual NFT land on metaverse projects such as Decentraland and The Sandbox totaled over $100 million in the last week of November.

CoinDesk - Unknown
CoinDesk - Unknown
UK's NHS Taps Blockchain Tech to Monitor Coronavirus Vaccine Cold Chain

Hedera Hashgraph's blockchain platform will provide the health service with a tamperproof record of vaccine temperatures, the firm said.

CoinDesk - Unknown

Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms.