HYPE Token is a unique social tokenomics experiment built on the Ethereum Blockchain. HYPE Token is the world’s first consensus-driven Deflationary (Token Burning) + Inflationary (Freezing Rewards) token, allowing the crowd to determine the inflation & deflation rates of the token’s supply through an off-chain consensus made by users who have ‘frozen’ their HYPE tokens.
HYPE is an experimental ERC20 token deployed on the Ethereum Blockchain. HYPE is a unique token created to experiment the Deflationary (Token Burning) + Inflationary (Freezing Rewards) tokenomic models. HYPE holders determine the Burning + Staking rates each month through an off-chain consensus dapp/form.
Each time a user transfers HYPE, x% of the total transferred amount is burned.
POSSIBLE RATES: 0.1 – 50% per TX
Voted every month by users who have frozen HYPE.
Users are required to freeze their HYPE tokens to be eligible to vote and increase their voting weights. In return for freezing, users receive daily rewards.
POSSIBLE RATES: 0.1 – 5% daily
Voted monthly by users who have frozen HYPE.
Simply refers to the time taken to unfreeze frozen tokens and rewards. Users will have to wait the ‘melting period’ until their frozen tokens and rewards can be released.
Possible Melting Period: 24-168 hours
Voted quarterly by users who have frozen HYPE.
HYPE is supported by platforms which actively creates use cases for HYPE tokens. The ecosystem will expand continuously as the HYPE project matures and as more users accept HYPE as a utility token on their native platforms.