In a positive development for the Hedera community, HashPack, the top wallet provider for the network, has announced a new buyback program for PACK, its native token. As soon as the update came out on the wallet provider’s official X (formerly Twitter) channel, the tech community welcomed this offer as a timely strategic move, aimed at enhancing token utility.
By rewarding its loyal users, HashPack is determined to strengthen its central role within the rapidly expanding Hedera network.
This move by HashPack is one of the latest ones in a series of its community-friendly updates and offers that are welcomed by both retail and industrial users, who already see it as an accessible and efficient gateway.
Beyond Rewards – A Commitment to Community
The PACK token was first introduced in early 2024 as a loyalty program for the long-term users of their wallet. Now, the buyback announcement in August 2025 doubles the deal, providing more flexibility to its loyal users. By investing a portion of its revenue towards such programs, HashPack not only makes its loyal customers happy, but also creates a positive impact on the token’s value over time.
The governance and operational model introduced recently by HashPack is built around such user-friendly updates. By giving back the value to the customers who use hold PACK or use it for transactions, the wallet provider demonstrates a strong commitment to becoming a strong and reliable economic model.
A User-Centric Approach in DeFi Ecosystem
The new buyback program by HashPack is a part of its broader strategy of creating a feature-rich and seamless community experience. Such rewards are the reason why the wallet provider has already captured over 90% of the active users on Hedera. Moreover, it rolls over regular updates and features to make a user’s journey to web3 an easy one.
One such upgrade was integrating the Coinbase Onramp, which enables users to directly buy HBAR, Hedera’s native currency using fiat within the wallet. This important feature addition decreased the barriers and complexities for new users to enter the ecosystem.
Another update in the in-wallet swap system provided a significant boost to its DeFi capabilities. This update involved support for SaucerSwap Labs V2 pools and multi-hop swaps. These additions now ensure that the users get more competitive quotes while reducing the frequency of failed transactions. These upgrades, coupled with the latest buyback program make the wallet provider a go-to platform for users, applications, and institutions.
Conclusion
HashPack announcing the PACK token buyback program is not just a simple offer; it’s a strategic move to retain its loyal community. The program is also an indication that the wallet provider for Hedera is committed to facilitating its ever-growing loyal community. By creating a user-friendly environment within the network, HashPack is not only becoming a stronger wallet provider but is also contributing in positive ways to the web3 economy.
