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.
To be eligible to vote, users are required to freeze HYPE tokens. In return, users receive daily rewards.
POSSIBLE RATES: 0.1 – 5% daily
Voted monthly by users who have frozen HYPE.
Melting Period is the time taken to unfreeze frozen tokens and accumulated rewards.
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.