Date of notification: 31 July 2025
This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. HashPack Inc. is solely responsible for the content of this crypto-asset white paper.
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Warning: this summary should be read as an introduction to this crypto-asset white paper. The prospective holder should base any decision to purchase the crypto-asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The offer to the public of the crypto-asset does not constitute an offer or solicitation to purchase financial instruments and that any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law. This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council (36) or any other offer document pursuant to Union or national law.
$PACK is HashPack Inc’s utility token on the Hedera network. It lets holders earn rewards, reduce fees, vote on product decisions and unlock special in‑wallet features. Below you’ll find the essential facts to help you decide whether $PACK is right for you. Read the full crypto‑asset white paper for all details, terms and risks.
Remember: this table is only a quick guide. Always rely on the full crypto‑asset white paper before making any purchase decision.
HashPack Inc.
30 N Gould St, Ste R
Sheridan, WY, 82801
United States
HashPack and PACK Token
This document outlines all of the details and information regarding the objectives, tokenomics, utilities, and launch of the token. In this White Paper we use both PACK Token and $PACK, which have the same meaning.
Brief history
HashPack Wallet is the interface to the Hedera ecosystem. Back in 2020 right after launching our Minimum Viable Product (“MVP”), we built the first signing solution on Hedera called HashConnect which jump started the entire Decentralized Finance (“DeFi”) and Non-Fungible-Token (“NFT”) space. Through our efforts we saw marketplaces, Decentralized Exchanges (“DEXes”), staking platforms and many other use cases come alive on Hedera building up a $100M+ USD Total Value Locked (“TVL”) in a matter of months.
Building off of our successes we’ve released numerous features and supported numerous projects and teams, all with the aim of making DeFi and NFTs on Hedera as accessible, fun and secure as possible.
Track Record
The HashPack team focuses on delivering products and services that address the needs and problems faced by our community. We strive to provide as much value as possible whilst delivering a user experience that competes with the best in the industry.
Some of our accomplishments are:
What is $PACK?
The $PACK Token is the official utility token for HashPack, the leading retail wallet on Hedera Hashgraph. $PACK Token’s purpose is to incentivize and reward users for using HashPack, and to be used for in-wallet redemptions and services.
What are the use-cases for $PACK?
The $PACK Token has many use-cases, among which:
Why $PACK?
From the beginning the HashPack team has always looked for ways to improve the experience of our users.
In 2023 we released a limited NFT collection called the “HashPack Special Collection” to celebrate the launch of our in-wallet store and recognize our fans and supporters. This store now sells cosmetic themes that can be used to personalize your wallets, which can be purchased with HBAR, the native token on Hedera.
Suffice to say, we have many plans in mind for how to continue improving the experience within HashPack. Ways to customize your experience, to do more in DeFi, to make your time in HashPack worthwhile, fun and engaging.
The $PACK token came about from a discussion around how we can reward users for using HashPack. We wanted ways to engage with users and incentivize new features and services in the wallet. Use our in-wallet SWAP? Get rewards. Buy a theme? Get some $PACK back. Once users have $PACK, they can spend it on features to improve their HashPack experience, which we are very excited to reveal when the time comes. And of course, being a DeFi native wallet $PACK token will be available on DEXes for users to engage with it in the DeFi space.
$PACK is readily available and usable throughout the entire Hedera ecosystem, and rewards existing and new users for being a part of HashPack. We see a big opportunity in these rewards as we see them as a way to further incentivize people from tinkering with this nascent technology. Already having a big advantage from the low fees offered by the network, Hedera is already very welcoming to new entrants wanting to start engaging with DeFi, NFTs and other use cases. With $PACK we are taking that to another level and provide a helping hand to those who explore and engage with HashPack and affiliated projects and reward them in the process.
Consensus mechanism
The $PACK Token is a token issued on Hbar (Hedera). Hbar uses a unique consensus mechanism called Hashgraph. Unlike traditional blockchains that use Proof of Work (PoW) or Proof of Stake (PoS) to build a linear chain of blocks, Hashgraph utilizes a Directed Acyclic Graph (DAG) data structure. It achieves consensus through a "gossip about gossip" protocol and virtual voting, which allows for fast transaction speeds, low fees, and high security (specifically, asynchronous Byzantine Fault Tolerance, or aBFT).
While Hedera does use a Proof of Stake (PoS) mechanism where HBAR holders can stake their tokens to secure the network and influence consensus decisions, the core consensus algorithm that ensures the integrity and ordering of transactions is the Hashgraph.
Impacts on the climate and other environmental-related impacts of the consensus mechanism
Hedera Hashgraph (HBAR) was specifically designed to be an energy-efficient consensus mechanism, unlike many traditional blockchains such as Bitcoin (which uses Proof of Work). Hedera's creators actively emphasize its low negative environmental impact. The main reasons why Hedera Hashgraph is considered relatively environmentally friendly and any nuances are listed below:
Low Energy consumption due to Hashgraph Consensus
No “mining”
Unlike Proof of Work (PoW) systems like Bitcoin, where "miners" must solve complex mathematical puzzles requiring significant computing power and thus energy, there is no mining with Hashgraph. Transactions are validated via a "gossip-about-gossip" protocol and virtual voting.
Energy-efficient architecture
The Hashgraph algorithm, based on a Directed Acyclic Graph (DAG) rather than a linear blockchain, allows for more efficient transaction processing. This leads to significantly lower energy consumption per transaction. Various sources indicate that Hedera Hashgraph's energy consumption is extremely low, for example, 0.00017 kWh per transaction, which is far less than most other crypto networks.
See this paper published by the University College London. M. Platt et al., "The Energy Footprint of Blockchain Consensus Mechanisms Beyond Proof-of-Work," 2021 IEEE 21st International Conference on Software Quality, Reliability and Security Companion (QRS-C), Hainan, China, 2021, pp. 1135-1144, doi: 10.1109/QRS-C55045.2021.00168.
High throughput
Due to its high transaction speed (up to tens of thousands of transactions per second), Hedera can process a large volume of transactions with relatively low total energy consumption compared to networks with lower throughput.
Carbon-Negative Operations
Hedera actively purchases carbon offsets to compensate for the CO2 emissions of its network. This means they fund projects that remove CO2 from the atmosphere or reduce emissions, making their net carbon footprint "carbon-negative." This is a proactive step to minimize their ecological impact.
Focus on Sustainable Applications
Hedera is also used for applications that contribute to sustainability, such as Environmental and Social Impact (ESI) platforms; Carbon credits: Projects use Hedera Token Service (HTS) to make carbon credit trading more efficient and transparent; Supply chain management: For tracking sustainability metrics in supply chains; Energy management: Platforms that monitor and optimize energy usage.
Potential adverse impact (adoption and scale)
Although the technology is energy-efficient, absolute energy consumption will increase as the network grows and processes more transactions. However, due to Hashgraph's inherent efficiency, the energy efficiency per transaction will remain relatively constant, unlike PoW networks where an increase in activity often leads to an exponential increase in energy consumption.
Conclusion
In contrast to crypto assets that rely on Proof of Work (like Bitcoin), Hedera Hashgraph is lauded for its low energy consumption and minimal negative environmental impact. Its consensus mechanism is inherently more efficient, and the project takes proactive steps to offset its carbon footprint. Hedera is therefore often cited as one of the "greener" options in the crypto world.
$PACK Utility Overview
$PACK Core
At its core, $PACK is a loyalty token designed to reward users for participating in the HashPack platform and connect to our NFT and DeFi ecosystem. Integration of $PACK into HashPack is part of our long term strategy where we aim to add value for our users and make using the wallet fun and engaging.
PackBack Rewards (introduction)
The first utility of the $PACK Token that will be available on the launch of the token is our PackBack reward system. From day one, users who use the in-wallet swap functionality within HashPack will also receive $PACK as a reward. Part of the objective of $PACK is to make the entry point to Hedera as easy as possible. With the incredibly low fees offered by the network, we aim to make it even more appealing for users to leverage the different services offered inside of the wallet.
Currently, the fees attached to the in-wallet swaps is 1% of the volume transacted. From that 1%, 0.3% of the fee is sent to SaucerSwap which is the DEX we are currently leveraging for the infrastructure of the in-wallet swaps, and 0.7% is the fee collected from HashPack. The PackBack rewards will apply to the 0.7% collected from HashPack and redistributed to the user directly at the conclusion of the swap.
The amount of rewards will vary over time, but they will be a percentage of the fees generated from the wallet. The fees collected from the in-wallet swaps are generated in $HBAR and the rewards will be calculated by multiplying the USD value of the $HBAR collected and applying the percentage of rewards at the time of the swap. The percentage in USD value will then be translated to the equivalent amount in $PACK and that’s what the user will receive at the conclusion of the Swap (example below). As caretakers of the treasury account, HashPack’s priority with this utility is to make it sustainable and this system ensures that the PackBack system is robust over the long term.
PackBack Rewards (parameters)
PackBack rewards are available for user activity with in-wallet swaps.
The percentage of PackBack rewards are currently 25% of the fees collected by HashPack, and are subject to change as market conditions require.
Rewards may be increased during special promotions, and the team intends to continue adding new services to the PackBack program as we continue development of the wallet.
For those users that do not have $PACK associated with their account but leverage any of the PackBack rewarded services, at the moment of using those services, an association transaction is sent through the account so the user can collect their rewards with no additional steps.
The PackBack rewards program is intended to make entering DeFi less daunting. We are excited to see new entrants who are not familiar with web3 start leveraging HashPack services like the in-wallet Swaps or Secure Trade and consequentially receive an HTS token to start participating in the broader DeFi scene in the Hedera ecosystem.
Example of Swap with PackBack Reward
Users can receive PackBack Rewards by swapping. For example:
User Swaps 1,000 $HBAR to $Sauce
Fee Collected: 1,000 * 0.7% = 7 $HBAR
PackBack Reward at launch percentage (25%): 7 * 25% = 1.75 $HBAR worth of $PACK
In this scenario, the user swapping 1,000 $HBAR will receive the equivalent of 1.75 $HBAR in $PACK at the market price of $PACK at the moment of the swap.
PackBack base amounts
The percentage of PackBack Rewards will fluctuate depending on the amount vesting to the community multi-sig, and promotions or campaigns.
The base percentage (meaning the minimum amount users will receive back at any point in time) will be the following:
$PACK Store Purchases
The second utility of $PACK is $PACK exclusive purchases on the HashPack Store. Since the store's launch in March 2023, it has featured a variety of items such as the Early Supporter and Early Adopter NFTs, the HashPack themes and just recently the HashPack Concierge Collectibles.
The Store has become a place where HashPack users can purchase assets that enhance the user experience of the wallet. With the introduction of the themes, we aimed to give users the freedom to choose how they want their wallets to look.
With the entry of $PACK into the Store we aim to expand the variety of things offered in the store whilst maintaining the objective of enhancing the user experience through the items listed within it. Additionally, we see the ability of spending your $PACK on enhancements as a key feature of the token, fulfilling its utility as a loyalty reward token to accentuate the user experience. Having $PACK exclusive purchases inside of the store is the first step towards creating that circularity objective.
With regards to the items that will be exclusively sold in $PACK within the store, we have many different ideas that will feed into existing and new features within the wallet. We are very excited to bring this to light and will share more details when it rolls out.
$PACK Governance
The third utility of $PACK is the ability for holders to participate in governance.
We’ve always made a point to listen to customer feedback around their pain points and desired features. Many of the features that are today available within the wallet have come directly from community feedback. With $PACK it gives us another avenue for engagement with our users and allows community members to vote on a number of initiatives.
These initiatives mainly revolve around core product development. Up until this point, we haven’t had a tangible way for our community to participate in HashPack's direction and we have tried to wage interest from the community through social channels. With the introduction of $PACK governance, we are able to see the community’s priority on new features, dApp listings, featured dApps, and other initiatives. Through this we hope that users will be able to participate in a bidirectional conversation between our team and the community members, to the benefit of all.
Initial Plans for Governance
Voting goes to $PACK holders
Holding $PACK is a direct signal that a user is actively engaged in HashPack and has an interest in the direction of the platform.
Participating in governance does not spend PACK
Votes are given for holding $PACK, proportional to the amount of $PACK held. Prior to voting a snapshot will be taken of accounts to determine their vote counts.
Minimum threshold
Each 20,000 PACK in an account is worth one vote. So a user with 75,000 PACK would have three votes worth of voting power in a specific proposal.
Concierge Collection Multipliers
An important utility of the Concierge Collection is its additional weight in participation in governance. This recognizes Concierge Collection holders as a group of users who deeply care about the direction and success of HashPack.
At the core of this initiative is our commitment to engaging with and listening to our community. It’s not just about the features and directions of the wallet, either. We can expect that the governance platform and the proposals that are guided by it will grow and evolve over time, informed by the active participation of our users. We hope that we can make the most of this unique aspect of web3 to engage with communities and make this valuable for everyone involved.
$PACK Collaborations
HashPack has always been a community-minded team, we have always emphasized the importance of collaboration with community projects and the launch of $PACK provided us with exciting opportunities. One of the objectives of HashPack has always been to make $PACK usable throughout the entirety of the ecosystem. Just like the wallet is used throughout, we have collaborated with projects in exciting new ways that help us fulfill some of the circularity objectives beforementioned.
Earthlings collaboration
The first $PACK collaboration that we will see going live in the future is the integration of $PACK inside of the Earthlings game. Our relationship with the Earthlings team has been ongoing for a number of years and we have collaborated in numerous initiatives from the Earth Backpacks to countless Twitter Spaces. This new initiative takes our collaboration to the next level. Within the Earthlings game, players will be able to enter the Hash Post Offices and send and receive packages with $PACK. Additionally, we are exploring other exciting ways of including $PACK inside of the game to add an increased level of engagement within the already engaging game.
SaucerSwap LARI Rewards
In order to incentivize greater participation in liquidity provision, HashPack has collaborated numerous times with the SaucerSwap team to provide PACK incentives through their LARI rewards program.
SENTX Marketplace $PACK integration
As the biggest NFT marketplace in the Hedera Network, SENTX and HashPack collaborated to open a fully integrated marketplace entirely denominated in $PACK. Allowing users to buy, sell and trade using $PACK and the underlying token. Additionally, HashPack added a deep integration of the SENTX NFT Marketplace inside of the wallet to lower the friction users had when interacting with the marketplace.
Hashgate
Hashgate integrated HashPack inside of their payment service integration for Ecommerce. Expanding the reach of $PACK by allowing users to purchase and sell merchandise with $PACK.
Rooster Salsa
In collaboration with Hashgate, the Rooster Salsa team integrated $PACK payments into their ecommerce to sell their proprietary hot sauce. Fulfilling one of the main objective of HashPack to break out of the traditional Web3 space and into traditional commerce, this marks the beginning of many future opportunities to leverage $PACK.
Bonzo Integration
To deepen the usability of $PACK we partnered with Bonzo Finance to open lending and borrowing using $PACK. With this integration, users can now borrow $PACK by providing other tokens as collateral or borrow a variety of other tokens while using $PACK as collateral. This integration opens up ample opportunities for users to explore more Decentralized Finance activities.
Hackathons
As the leading wallet in the Hedera ecosystem, since the launch of $PACK, HashPack has participated, sponsored and hosted a variety of Hackathons with the objective of growing the developer pool of the Hedera network. Throughout these Hackathons, $PACK has been at the center of all of them to further incentivize the creation of applications that provide value to HashPack as a wallet and the broader Hedera ecosystem.
Themes
Since the launch of $PACK we have collaborated with numerous teams and projects in the ecosystem to offer unique experiences to their users. With $PACK as a method of payment, these projects and teams have been able to offer their users unique user experiences that tie them closer with their communities.
Future collaborations
These collaborations are just the beginning. We continue to work with a number of community projects to expand the reach of $PACK throughout the ecosystem and we’ll share more about these initiatives in the future.
Future $PACK Utilities
The utilities covered above will set the tone for what we aim to achieve in the future. At HashPack we like to keep future developments and initiatives very close to our chest until they are ready and tested.
We have many more utilities planned for $PACK in the future that include deeper participation in Decentralized Finance, Ecosystem Engagement initiatives, and $PACK accessible and enhanced features.
Tokenomics Overview
Token Name: Pack
Token Symbol: $PACK
Token ID: 0.0.4794920
The maximum supply of $PACK is 1 billion tokens, which will all be minted at the Token Generation Event (“TGE”), or 'genesis'. At genesis, 800 million tokens will be locked up in HashPack-managed vesting contracts and 200 million will enter circulation. The locked up tokens will vest through the next six years according to the predefined vesting schedule below.
Genesis $PACK Allocation
At launch, a total of 200 million $PACK tokens will enter circulation.
Tokens in the Community category will be distributed to eligible community members who participated in the HashPack Concierge Collection and qualified from the snapshot taken from the other selected collections. Tokens in the Liquidity, Marketing, Operations and Core Development categories will fall under HashPack ownership.
Liquidity
2% of the max supply (20 million $PACK) will be used to seed the initial liquidity pool on SaucerSwap and converted to PACK/HBAR LP tokens, these will be locked up for liquidity provision for one year.
Community
16% of the max supply (160 million $PACK) will be distributed to community members holding the qualifying collection NFTs based on the type and number of NFTs in their account.
The exact list of collections included in the $PACK airdrop were not provided before the snapshot was taken, to avoid undesirable market behaviour of those collections. These collections were included to recognize HashPack users who have been a part of our community and there was no indication that they were part of the distribution prior to the announcement. The amount of $PACK allocation for each collection (with the exception of the Concierge Collectibles) were not announced until after the completion of the Concierge Collectible event so as not to influence the Concierge event.
From the 160 million $PACK distributed to the community, 142,094,570 $PACK will be distributed to users holding the HashPack Concierge Collectibles, and 17,905,430 $PACK will go to the users holding the remaining collections.
The leftover PACK from users that don’t have $PACK associated with their accounts at the moment of distribution will be sent to the community treasury account to fund PackBack rewards and other community centric initiatives.
Marketing
0.6% of the max supply (6 million $PACK) will be sent to a HashPack controlled marketing multi-sig.
Operations
0.6% of the max supply (6 million $PACK) will be sent to a HashPack controlled operations multi-sig.
Core Development
0.8% of the max supply (8 million $PACK) will be sent to a HashPack controlled core development multi-sig.
Long-term $PACK Allocation
Once all one billion $PACK enters circulation, the final allocations will be as follows:
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Vesting Allocations
At genesis, HashPack will deploy a set of vesting contracts where 800 million $PACK will be locked. Over a span of 6 years starting from genesis, these tokens will undergo a linear vesting process.
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Vesting Contracts
The $PACK vesting contracts are as follows:
Contracts 1 and 2 are used for operations, marketing, and core development. Contract 3 is used for community initiatives.
The vesting allocations will be used to support a variety of initiatives related to $PACK utilities described in this document, and the development of HashPack. Our goal is to create a thriving ecosystem, driving innovation on Hedera and building out the best web3 experience in crypto.
The vesting schedule began 10 days prior to the launch of PACK in May 2024. Since then, PACK has been vesting at a constant rate and distributed in accordance to the whitepaper.
PACK Buybacks
To support the long-term sustainability and growth of the PACK ecosystem, we will begin conducting routine PACK buybacks. These buybacks are designed to maintain a healthy on-chain treasury and reinforce both current and future reward mechanisms, including PackBack and staking incentives. PACK enters circulation through two primary channels: (1) PackBack rewards, which return fees generated via in-wallet swaps to users, and (2) staking rewards. The scale and frequency of buybacks will be directly tied to the level of activity within the broader Hedera network. As the leading wallet in the ecosystem, HashPack has unique visibility into on-chain activity, allowing us to calibrate buybacks based on real usage metrics. Once each buyback is completed, the amount purchased will be publicly disclosed to ensure full transparency and community alignment. This approach grounds PACK buybacks in network fundamentals and helps recycle value back into the ecosystem in a sustainable way.
Launch overview
The Token Generation Event (“TGE”) process is the moment where a token enters circulation of decentralized exchanges and / or centralized exchanges.
At this moment, the people who participated in the HashPack Concierge Collection INO, and the collection of early supporters who also qualified for a TGE distribution received their PACK allocation and a liquidity pool was created marking the beginning of trading of PACK.
Sentinel Report
As members of the Hedera DeFi Alliance, whose core objective is to provide better and safer access to DeFi on Hedera, one of the first steps to make sure people are informed is filling up the Sentinel report.
This report is an important piece of the TGE process as we want to make sure that $PACK launches on the default list of SaucerSwap which has as a requirement the completion of the Sentinel report. The Sentinel report of $PACK is an additional piece of information that is vetted by the Hashgraph DeFi Alliance and it puts its stamp of approval to make sure the future holders of the token are informed. Find the $PACK Sentinel report via sentinel.headstarter.org/details/hashpack.
Token Launch
The launch of $PACK followed the following steps:
HashPack put a vote on the Saucer Swap DAO to get $PACK on the default list, create a V1 Pool, and a Yield Farm. This process required the Sentinel report to be completed which can be accessed in the previous section. The vote happened a week prior to the launch of $PACK to give the DAO enough time to process the vote.
Four days prior to the launch of $PACK, a final snapshot of the HashPack Concierge Collectible holders was taken. This final snapshot determined which NFTs and how many were held in the various account IDs and it set the final distribution list of the Genesis $PACK allocation.
At the day of launch, HashPack put 20M $PACK allocated to liquidity and converted it into HBAR/PACK LP tokens. HashPack launched with a SaucerSwap V1 pool.
At the same time as the creation of the SaucerSwap V1 Pool, HashPack distributed 160M $PACK to qualifying community members. The creation of the Liquidity Pool and the distribution of the 160M $PACK tokens to community members happened simultaneously to establish the official LP.
Prior to launch, HashPack pulled some of the $PACK initially allocated to the company (Marketing, Operations, and Core Development accounts) to provide liquidity on a centralized exchange. A CEX listing served to make $PACK broadly available and establish the legitimacy of the token both inside and outside the Hedera ecosystem.
Post-launch HashPack immediately submitted the applications to list $PACK on CoinGecko and CoinMarketCap.
Shortly after launch on the DEX and CEX, HashPack put a vote for the creation of a SaucerSwap V2 pool and farm through the SaucerSwap DAO.
Two weeks post launch, HashPack migrated liquidity from the V1 Pool to the V2 pool. This was an important step for $PACK as it will opened it up to the concentrated liquidity pools which should in turn stabilize the price by reducing volatility.
Launch date
$PACK launched on May 22nd, 2024 at 8am PST. At this date and time, the entire initial circulating supply was distributed to users and the initial liquidity pool was seeded on SaucerSwap.
Please note that the $PACK Token is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council; and that the $PACK Token is not covered by the deposit guarantee schemes under Directive 2014/49/EU.
No Rights, Functionality, or Features Other than Strictly Provided Herein.
The Tokens do not have any rights, uses, purpose, attributes, functionalities, or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities, or features on the Project, other than strictly provided in the White Paper.
Risks Relating to Highly Speculative Traded Price.
The valuation of digital tokens in a secondary market is usually not transparent, and highly speculative. The Tokens do not hold any ownership rights to Company’s assets and, therefore, are not backed by any tangible asset. The traded price of the Tokens can fluctuate greatly within a short period of time. There is a high risk that a token holder could lose his/her entire contribution amount. In the worst-case scenario, the Tokens could be rendered worthless.
Tokens May Have No Value.
The Tokens may have no value and there is no guarantee or representation of liquidity for the Tokens. The Company is not and shall not be responsible for or liable for the market value of the Tokens, the transferability and/or liquidity of the Tokens, and/or the availability of any market for the Tokens through third parties or otherwise.
Use of Tokens in Restricted Activities by Third Parties.
Programs or websites banned or restricted in certain jurisdictions, such as gambling, betting, lottery, sweepstake, pornography, and otherwise, could accept different cryptocurrencies or tokens in their operation. The regulatory authorities of certain jurisdictions could accordingly take administrative or judicial actions against such programs or websites or even the developers or users thereof. The Company neither intends nor can act as a censor to scrutinize to any extent any program or website that uses Tokens with such goals. Therefore, any punishment, penalty, sanction, crackdown, or other regulatory effort made by any governmental authority may more or less frighten or deter existing or potential users away from using and holding the Tokens, and consequently bring material adverse impact on the prospect of the Tokens.
Risks of Negative Publicity.
Negative publicity involving the Company, the Project, the Tokens may materially and adversely affect the market perception or market price of the Tokens, whether or not it is justified.
Risks Arising from Taxation.
The tax characterization of the Tokens is uncertain. The purchaser shall seek his own tax advice in connection with the acquisition, storage, transfer, and use of the Tokens, which may result in adverse tax consequences to the purchaser, including, without limitation, withholding taxes, transfer taxes, value-added taxes, income taxes and similar taxes, levies, duties or other charges and tax reporting requirements.
Risks of Future Service Availability.
Please note that the $PACK Token may not be exchangeable against the good or service promised in the crypto-asset white paper, especially in the case of a failure or discontinuation of the crypto-asset project.
Conclusion
The launch of the $PACK token is an exciting step for the HashPack team. It is the product of three years of building up the Hedera retail ecosystem from the most basic building blocks.
A crypto wallet is not just an app that stores assets. It's a gateway to the entire web3 universe. It's a portal that lets users access the rich and diverse ecosystem of creators and projects. It's a cornerstone for the community, a place to share their enthusiasm for this exciting, cutting edge technology.
Our hope for $PACK as a loyalty token is that it will take advantage of the unique aspects of web3 to provide a rich and rewarding user experience.
We have great gratitude for our ecosystem partners and our loyal supporters that make it possible for us to deliver the best that web3 and Hedera has to offer.
