The Hypex token.
HypeX is the crypto utility token at the core of the Hyprr ecosystem, driving our exclusive blockchain and facilitating various in-app transactions.
Its integrated fee generation mechanism powers the blockchain, guaranteeing the platform's functionality and delivering value to token holders.
What it does.
01.
Powers the Blockchain
Any action that involves a value transfer, such as purchasing or selling premium content, buying or minting NFTs, or converting Hypes (our stable coin) into other currencies, generates a fee. This fee serves as the primary support for HypeX token, enabling the token's operational utility within the Hyprr ecosystem.
03.
Deflationary
20%* of the fund generated through fees is directed towards a buy back and burn initiative. This involves the platform buying back HypeX tokens and subsequently removing them from circulation, decreasing the token supply and potentially increasing the token's value over time.
02.
Node Rewards
80%* of the platform fees goes into a fund allocated to reward node holders, rewarding them for their contribution to the stability and functionality of the platform. This arrangement ties the success of the platform directly to the incentives for node holders, promoting engagement and commitment.
* all fee’s and token earning models are agreed with the Hyprr community-elected council.Tokenomics.
Total available supply on launch – 868,447,004
Supply after nodes – 605,947,004
12m locked with timed release – 1,131,552,996
Max possible supply if issued – 2bn (not accounting for burnt tokens)
Creator Pool – Incentives and Marketing
In order to grow Hyprr, we need to be attractive to creators and fan/community owners, so we have created an incentive pool for those who join this year (before or close to launch) and come in under contract. 0% of these tokens are available on launch and all will be locked for 12 months with a 24-month vesting period. Vesting is tied to achieving set goals with Hyprr and producing content as contracted. This means everyone has the same objective – the growth of Hyprr and is rewarded based on their personal impact. Any unallocated tokens will be burnt from supply.
Summary
Total Available Supply on launch – 868,447,004
Supply after nodes – 605,947,004
12m Locked with timed release – 1,131,552,996
Max possible supply if issued – 2bn (not accounting for burnt tokens)
Current Holders
These are HypeX tokens in circulation held by our community.
Staking in our nodes will account for a minimum 262.5m of these tokens removed from circulation.
Treasury
These are tokens owned by Hyprr for future promotions.
Community Rewards
These tokens are assigned to be claimed by our community. The distribution mechanism is to be defined by the community-elected council.
Liquidity
These are tokens to be provided to exchanges (decentralised and centralised) to facilitate liquidity and trading.
Team
These tokens are set aside to reward new team members (not investors), allowing us to recruit talent to scale Hyprr. Only 2.5% of these tokens are available at launch, and the remaining will be locked for 12 months with a 24-month vesting period. Any unallocated will be burnt from supply.
Partnerships
We are actively reaching out to establish partnership in the traditional space in our target recruitment markets, to enable us to scale Hyprr quickly with a mutual benefit. Only 5% of these tokens are available at launch with a further 5% following. Any remaining will be locked for 12 months with a 24-month vesting period.