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 made by verified holders who have ‘frozen’ HYPE.
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.
POSSIBLE RATES: 0.1 – 50% per TX
Each time a user transfers HYPE, x% of the total transferred amount is sent to a ‘BURN ADDRESS’. Burning rate will change on a monthly basis between 0.1–50% through the monthly HYPE holder consensus (verified holders vote for the month’s burning rates).
POSSIBLE RATES: 0.1 – 5% daily
Users can ‘FREEZE’ their HYPE tokens by interacting with the Token Contract. By freezing HYPE, users are entitled to receive daily staking rewards. New staking rates will be determined on a monthly basis by HYPE holders through the monthly off-chain consensus event.
Possible Melting Period: 24-168 hours
When users ‘UNFREEZE’ their tokens to receive initial amounts + compounded rewards, there is a ‘MELTING’ period of x hours. Meaning, users will be able to spend their HYPE tokens only after x hours have passed since the time they unfroze their frozen tokens. Melting period changes on a quarterly basis (every 3 months) through the off-chain consensus event.
0% TEAM ALLOCATED TOKENS
We want to keep this experiment as an experiment, period. Any initial factors which may affect market sentiments at a later stage will be strictly kept out of the equation. This means we won’t be handing out any partnership tokens as well. We will only be listing HYPE on exchanges which are willing to list it to support the experiment.
DISTRIBUTION OF INITIAL SUPPLY
80% (40M HYPE) will be distributed in the form of airdrops and social media giveaways. 20% (10M HYPE) will be used for trading competitions on exchanges. All distributions will be publicly traceable via the Blockchain and openly comparable with the publicly available list of airdrop and giveaway participants (which will be updated every time an airdrop or a giveaway ends).
HYPE will have a maximum supply of 100 Million HYPE. However, it is highly unlikely that HYPE will ever reach these numbers as with the deflationary model. Once the supply of HYPE reaches near 100M, it is highly likely that a consensus will be made to significantly decrease staking rates + increase burning rates to balance the HYPE tokenomics once again.
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.