# \[Implemented\] Implement $HFT Buyback and Burn **URL:** \ **Category:** Governance\ **Created:** [November 18, 2024, 10:12pm UTC](https://gov.hashflow.com/t/implemented-implement-hft-buyback-and-burn/763 "2024-11-18T22:12:01Z")\ **Posts on this page:** 9\ **Page:** 1
**Author:** ![gxmxni](https://yyz1.discourse-cdn.com/flex035/user_avatar/gov.hashflow.com/gxmxni/32/55_2.png) [@gxmxni](https://gov.hashflow.com/u/gxmxni)\ **Post date:** [November 18, 2024, 10:12pm UTC](https://gov.hashflow.com/t/implemented-implement-hft-buyback-and-burn/763/1 "2024-11-18T22:12:01Z")
**Title:** Implement $HFT Buyback and Burn **Author:** The Hashflow Foundation **Related Discussions:** [Add protocol fees](https://gov.hashflow.com/t/implemented-add-protocol-fees/674) **Submission Date:** 18 Nov 2024 **Overview & Summary:** Hashflow’s governance token (HFT) has been traded on markets for almost two years. In 2023, the Hashflow DAO [voted to implement protocol fees](https://gov.hashflow.com/t/implemented-add-protocol-fees/674), with fee proceeds being allocated as follows: - 30%: HFT token buy back (allocated to Hashflow Community Treasury) - 50%: HFT token holders who stake their HFT (pro-rata distribution) - 20%: Hashflow Foundation for operating expenses This proposal seeks to change this allocation to decrease both the total and circulating supply of $HFT by burning tokens that are currently bought back (30% of protocol fees) rather than allocating them to the community treasury (DAO). In addition, Hashflow Foundation’s 20% allocation of protocol fees would also be reallocated to buying back and burning $HFT. **Technical Specification:** - Fees continue to be trackable on-chain - 50% of protocol fees will continue to be allocated and distributed to $HFT stakers monthly on a pro-rata basis (no changes) - Remaining 50% of protocol fees will be used to purchase and burn $HFT by sending tokens to 0x0 address - Current holdings in buyback wallet would be burned immediately upon implementation of this proposal if passed by Hashflow DAO: - [Currently 859,378 HFT held in wallet](https://etherscan.io/address/0x2b01bF8a550c6AE51a28042f88f3811150473aF2) **Fee Distribution:** Fees will be distributed according to the following schedule: - 50%: HFT token holders to stake their tokens (pro-rata) - 50% HFT token buy back and burn **Benefits (Pros):** - Reduce total and circulating supply of $HFT **Downside (Cons):** - Protocol fees would be used for buyback and burn rather than be allocated to the Hashflow Community Treasury **Voting:** - Yes to implement burn mechanism for HFT buybacks and reallocate Hashflow Foundation’s share of protocol fees to HFT buyback and burn - No to keep current protocol fee distribution unchanged ---
**Author:** ![parsa](https://yyz1.discourse-cdn.com/flex035/user_avatar/gov.hashflow.com/parsa/32/27_2.png) [@parsa](https://gov.hashflow.com/u/parsa)\ **Post date:** [November 18, 2024, 11:06pm UTC](https://gov.hashflow.com/t/implemented-implement-hft-buyback-and-burn/763/2 "2024-11-18T23:06:09Z")
Agree with this proposal ---
**Author:** ![gaden](https://avatars.discourse-cdn.com/v4/letter/g/ebca7d/32.png) [@gaden](https://gov.hashflow.com/u/gaden)\ **Post date:** [November 19, 2024, 1:56am UTC](https://gov.hashflow.com/t/implemented-implement-hft-buyback-and-burn/763/3 "2024-11-19T01:56:09Z")
That’s good idea，i agree👍🏻 ---
**Author:** ![Parmonha](https://avatars.discourse-cdn.com/v4/letter/p/858c86/32.png) [@Parmonha](https://gov.hashflow.com/u/Parmonha)\ **Post date:** [November 19, 2024, 3:17am UTC](https://gov.hashflow.com/t/implemented-implement-hft-buyback-and-burn/763/4 "2024-11-19T03:17:09Z")
Totally agree with this proposal ---
**Author:** ![Teddy](https://avatars.discourse-cdn.com/v4/letter/t/da6949/32.png) [@Teddy](https://gov.hashflow.com/u/Teddy)\ **Post date:** [November 19, 2024, 6:40am UTC](https://gov.hashflow.com/t/implemented-implement-hft-buyback-and-burn/763/5 "2024-11-19T06:40:54Z")
yes agree. totally 100% yes ---
**Author:** ![satoshi\_labs](https://avatars.discourse-cdn.com/v4/letter/s/ed655f/32.png) [@satoshi\_labs](https://gov.hashflow.com/u/satoshi_labs)\ **Post date:** [November 19, 2024, 10:06am UTC](https://gov.hashflow.com/t/implemented-implement-hft-buyback-and-burn/763/6 "2024-11-19T10:06:53Z")
Yeah,Let’s make it happen.Agree. ---
**Author:** ![armin\_nzsh](https://avatars.discourse-cdn.com/v4/letter/a/c5a1d2/32.png) [@armin\_nzsh](https://gov.hashflow.com/u/armin_nzsh)\ **Post date:** [November 26, 2024, 6:35am UTC](https://gov.hashflow.com/t/implemented-implement-hft-buyback-and-burn/763/7 "2024-11-26T06:35:10Z")
Agree 100% and pls do it right now im old holder of hft token and alwys have been with you … i said a long time ago you should stop your release token and burn your circulating to 0x0 adress and prepare good situation to attrack new funders and users and holder …so im in twitter and ready for cooperation with you ! pls dont stop and continue for advertising and attack users and funders and burn your token …only price and mega pump of projects token lead to being successful team ! im in market 7 years and seen ton of this example ---
**Author:** ![Ps23Gold](https://yyz1.discourse-cdn.com/flex035/user_avatar/gov.hashflow.com/ps23gold/32/37_2.png) [@Ps23Gold](https://gov.hashflow.com/u/Ps23Gold)\ **Post date:** [November 30, 2024, 9:08pm UTC](https://gov.hashflow.com/t/implemented-implement-hft-buyback-and-burn/763/9 "2024-11-30T21:08:46Z")
Anything that brings HFT to success and brings positive impact is to be commended! YES! ---
**Author:** ![memento7mori](https://yyz1.discourse-cdn.com/flex035/user_avatar/gov.hashflow.com/memento7mori/32/40_2.png) [@memento7mori](https://gov.hashflow.com/u/memento7mori)\ **Post date:** [December 3, 2024, 10:40am UTC](https://gov.hashflow.com/t/implemented-implement-hft-buyback-and-burn/763/10 "2024-12-03T10:40:40Z")
This proposal is not systemically risky and is the same as the original ballot proposal