HashPack PricePACK

What is HashPack (PACK)?

HashPack (PACK) is the official utility token of HashPack, the leading non-custodial wallet and gateway to the Hedera network. HashPack provides secure, frictionless access to DeFi, NFTs, and tokenised assets, combining enterprise-grade security with an intuitive user experience. The PACK token is designed for the community, rewarding loyal supporters and delivering value to both new and existing users of the HashPack wallet. Built on the Hedera Hashgraph, PACK emphasises utility, transparency, and long-term ecosystem alignment, supported by a MiCA-compliant white paper. The token has a fixed maximum supply of one billion units and launched in May 2024. PACK staking went live on Oct. 15, 2024, marking a significant step in expanding token utility and community engagement within the Hedera ecosystem.

Key Specifications & Tokenomics

• Name: HashPack
• Symbol / Ticker: PACK
• Blockchain / Platform: Hedera Hashgraph
• Token Type: Utility token
• Token ID (Hedera): 0.0.4794920
• Max Supply: 1,000,000,000 PACK
• Total Supply: 1,000,000,000 PACK
• Circulating Supply: 395,110,000 PACK (self-reported, approx. 39.5% of max supply)
• Launch Year: 2024
• Token Launch: May 2024 (registry date 18 May 2024); CoinMarketCap listing: 3 August 2024
• PACK Staking Launch: Oct. 15, 2024
• Official Website: https://www.hashpack.app/
• White Paper: https://hashpack.gitbook.io/pack-whitepaper-1
• Litepaper: https://www.hashpack.app/post/pack-token-litepaper (published 28 February 2024)
• Block Explorer: https://hashscan.io/mainnet/token/0.0.4794920
• Source Code: https://github.com/Hashpack/

Who created HashPack?

HashPack was founded by May Chan and a team of industry veterans who recognised Hedera's unique advantages over traditional blockchain solutions. The core team includes May Chan, Co-Founder and Chief Executive Officer, who authored the HIP-412 NFT metadata standards that became foundational for all NFT projects on Hedera; Tyler Coté, Co-Founder and Chief Technology Officer; Jacob D'Rozario, Co-Founder and Chief Product Officer; and team member Nicholas Hanna. Together, they shared a common goal of creating a secure, user-friendly wallet. The developer entity operates as HashPack Inc. and HashPack LLC, with a business address at 30 N Gould St Ste R, Sheridan, WY 82801-6317, United States. The team's deep involvement in the Hedera ecosystem, including the creation of the HashConnect library and NFT standards, underscores their commitment to building foundational infrastructure for the network.

How does HashPack work?

HashPack operates as a non-custodial wallet built on the Hedera Hashgraph. It encrypts data on the user's device and never shares it, ensuring that HashPack never has access to funds or private keys. The wallet integrates with the Hedera Token Service (HTS) and supports native HBAR staking, NFT gallery management, peer-to-peer NFT trading, and multi-account functionality. HashPack developed HashConnect, the network's first secure dApp connection library, which became the standard from 2020 to 2022. When WalletConnect proved incompatible with Hedera's architecture, HashPack created a proprietary solution and offered it freely to the ecosystem. The platform also provides a Hedera WalletConnect library for developers to interact securely with Hedera dApps and smart contracts. Users can import existing Hedera accounts using their account ID and either a private key or a 24-word mnemonic. Hedera uses a hashgraph (directed acyclic graph) structure rather than a chain of blocks, processing transactions in parallel rather than sequentially, which is what allows HashPack's fast, low-fee transactions. Network transaction fees on Hedera are approximately 0.008 HBAR.

What makes HashPack unique and valuable?

HashPack distinguishes itself through its deep integration with the Hedera ecosystem and its community-centric approach. HashPack describes itself as the leading retail wallet on Hedera; the project reports more than 1 million accounts created, over 90% of Hedera's monthly active users and over US$1 billion held in user wallets. The project also reports 24x transaction volume growth over two years. HashPack's commitment to security is evident through independent audits by Quantstamp, regular secure code reviews, SAST and SCA tool scanning, biometric unlock, two-factor authentication, and hardware wallet support for Ledger, D'CENT, and Citadel. The platform eliminates unnecessary fees for basic network functions and subsidises account creation, lowering barriers to entry. HashPack also offers a comprehensive product suite including Wallet, Explorer, HashVote, Card, and Collectibles. Its user-friendly interface has enabled over $30 million in total value locked on SaucerSwap, according to Peter Campbell, Co-Founder of SaucerSwap Labs.

What is HashPack used for?

PACK serves as the official utility token for the HashPack wallet. It is used to incentivise and reward loyal supporters of the platform. Users can earn PACK tokens every time they swap within the wallet. PACK staking, which went live on Oct. 15, 2024, allows holders to stake PACK, HBAR and SAUCE to earn rewards. The token is also central to HashPack's Digital Collectibles, which serve as the main way to participate in the launch of the PACK token. A Gold Supporter NFT exists within the ecosystem, where holders earned coins and NFTs simply by holding the NFT in their wallet. To interact with PACK, users must associate the token ID 0.0.4794920 with their Hedera account. PACK is traded on venues named by the project: Kraken, SaucerSwap and Gate.io. PACK is a utility token; its price can be highly volatile and its value depends on continued use of the HashPack platform. The token is built with utility, transparency, and long-term ecosystem alignment at its core.

How Is the HashPack ecosystem developing?

The HashPack ecosystem continues to expand across the Hedera network. HashPack is integrated with every major dApp in the Hedera ecosystem and has collaborated with the biggest community projects on Hedera to help users get started. Its product suite includes Wallet, Explorer, HashVote, Card, and Collectibles. HashPack has also launched stock trading through SODAX, including tokenised AAPL, per the project's blog. HashPack is also expanding Hedera's reach through strategic initiatives in real-world asset tokenisation and community-building tools. The wallet is available on iOS, Android, Chrome, and more, with an in-app browser that securely integrates with more dApps than any other Hedera wallet. Testimonials from partners like LedgerWorks, Calaxy, and SaucerSwap Labs highlight HashPack's reliability, UX design, and integration capabilities. Growth metrics show over 1 million accounts created and serving over 90% of Hedera's monthly active users.

How is PACK issued?

PACK is not mined through traditional proof-of-work mechanisms. Instead, it is a utility token on the Hedera Hashgraph, which uses a hashgraph consensus algorithm rather than mining. Users can earn PACK tokens by swapping within the HashPack wallet. Additionally, PACK staking allows holders to stake their PACK and HBAR tokens to earn rewards, a feature that launched on Oct. 15, 2024. To stake, users must associate the PACK token ID 0.0.4794920 with their account. The token has a fixed maximum supply of one billion PACK, with no additional minting beyond that cap. This staking mechanism provides a way for community members to actively participate in the ecosystem and earn rewards while supporting the network.

How to keep your PACK safe?

HashPack prioritises security through a multi-layered approach. The wallet is 100% non-custodial, meaning data is encrypted on the device and never shared, and HashPack never has access to funds or private keys. HashPack states that it has been independently audited by Quantstamp and that all releases undergo secure code reviews and SAST/SCA scanning before release. Users can enable biometric unlock on mobile apps and secure their email account with two-factor authentication. HashPack integrates with hardware wallets including Ledger, D'CENT, and Citadel for enhanced protection. The platform uses cookieless analytics and does not track personally identifiable information. For account recovery, users can import existing Hedera accounts using their account ID and either a private key or a 24-word mnemonic. Best practices include safeguarding private keys and mnemonics, using hardware wallets for large holdings, enabling all available security features, and staying informed through HashPack's official support channels.