Secure it.

Power it.

Own it.

Owning a hyprr node is a strategic investment in the future of decentralized social application and a direct pathway to sharing in the platforms success. As a node owner, you are at the forefront of securing and powering the network, a critical role that comes with the rewarding opportunity to earn a share of the platform's revenues.

This not only provides a financial incentive aligning with the growth and prosperity of the platform but also offers the satisfaction of contributing to a more open, transparent, and equitable digital economy.

By participating in this innovative ecosystem, you are ensuring its integrity, enhancing its performance, and facilitating a wider adoption of blockchain technology, all while positioning yourself to benefit from the platform's economic activities. In essence, owning a node merges the pursuit of technological advancement with the potential for financial gain, embodying the spirit of blockchain's promise to democratize the digital landscape.

The Hyprr Node Overview

The initial network configuration will consist of 150 super nodes and 600 seed nodes, which will collectively maintain the security and integrity of the Hyprr blockchain by carrying out transaction validation processes.

Super nodes will require a stake of 1.25 million HypeX tokens (depending on time of stake), while seed nodes will necessitate a smaller commitment of 125,000 HypeX tokens. The token staking requirement not only incentivises consistent and reliable network participation but also helps in maintaining the value of HypeX tokens.

A 80% of the Hyprr platform’s allocated fees will be allocated to support the node holders as a reward for their contributions to the Hyprr network. The distribution of these rewards will be proportionate to the node type (i.e. Supernodes will earn x10 of a seed node).  This ensures that the rewards are commensurate with the level of commitment and the importance of the role each node type plays in our ecosystem.

The Hyprr Node Model

The original node design required a node holder to self host, purchase hardware and then provide power to the chain (at their own cost) and receive a reward.

This has changed.

We are committed to providing a rewarding experience for our node holders so we have re-designed our system so that node holders only need to stake in the platform to support its operation and earn fees. Hyprr handles the cost of the decentralized infrastructure though a new partner, ensuring ease of operation for our users and raising costs for our node holders.
Nodes will be represented as numbered NFT’s, minted on stake and held in a stakers wallet.

So there is no outlay from our node providers, they only have to stake to earn.

We are also introducing a flexible staking model.

The longer you stake the more you earn.

Node Staking

Basic

You will be able to stake your tokens to claim a node and there will be no lockup, and you will earn a standard share of the node pool. You will be able to redeem your tokens and hand back your node at any point*.

Locked x1.5

If you elect to lock up your tokens for the node for a minimum period of 3 months, you will receive a x1.5x boost your earnings. So Incubator nodes will receive 150% a basic node for the same tokens staked*.

Incubator x2

If you elect to lock up your tokens for the node for a minimum period of 6 months, you will receive a x2 boost your earnings. So Incubator nodes will receive double a basic node for the same tokens staked*.

Accelerator x5

If you elect to lock up your tokens for the node for a minimum period of 12 months, you will receive a x5 boost your earnings. So accelerator nodes will receive five times a basic node for the same tokens staked*.

Please note that all nodes will be fully transportable on-chain, no matter what the staking requirements. The rewards benefits associated with the node transfer with the NFT, and all rewards are distributed to the wallet containing the NFT, not the token deposit wallet.

*Full terms and conditions will be made available prior to node launch.

Why is Hyprr providing the infrastructure?

The reason is two-fold, the first we have already covered and that is the upfront cost that was required by the node holders.

The second is also very important, with our previous model we ran the significant risk that node holders would use a centralised server partner to host, and if multiple holders selected the same partner - we would not actually be decentralised. And this presents many risks.

So the Hyprr team is rolling out the node hosting infrastructure with a partner that can ensure true decentralization*.

Our preferred partner employs the BlockfinBFT consensus mechanism, a novel, efficient Byzantine fault-tolerant system designed to validate transactions quickly and securely without the chain forks that slow down other algorithms and are committed to storing, securing, and decentralizing 100% of blockchain data. We can also benefit from a model of decentralized governance, meaning it is owned, operated, and governed by its community with a zero-fee Web3 ecosystem. This will significantly reduce operational costs for Hyprr and improve accessibility for users.

*This is at tender stage but we have a preferred partner. More details to follow.

Rollout Plan

Previous Holders Claim

We are giving previous node holders the ability to reserve what they previously held. So a Super Node is 1.25m and Seed Node is 125k tokens. This is a reservation, and not a commitment, so the previous holder does not have to take up the nodes on launch day, and any unclaimed will be made available for the wider community.

RECLAIM MY NODE

Vote on the NFT Design

Between now and Node Day we will be asking the community to vote on the Node NFT design.

We will also be releasing full terms and conditions and platform and node projections.

COMPLETE

15th April - Node Day

On 15th April we will open the node claim contract where previous node holders will be able to claim nodes, and any unclaimed nodes will be made available to the community.

At this point you can decide your staking and rewards level, and receive your Node NFT.

LINK LIVE ON NODE DAY

  • Yes, unlike the previous model, a node holder can have multiple nodes within one wallet.

  • Your node will be represented as an NFT, and will be able to be sold on the open market, and also moved or traded.

  • We will share more details in due course. This is dependant not on Hyprr, but on the partners successful launch

  • We will announce this next week!

  • Our plan is to get the nodes live, and then launch on a larger exchange. We need more liquidity in the market and we have a preferred exchange lined up. Marketing will start on listing. However, if the demand for nodes is low, and we feel the current holders are looking for a better exit price, we may delay crypto marketing until we hit major platform milestones.

  • Yes to the usernames and any earned badges. In the IP transfer we do fear that with user data being not transferred there may be a loss of NFT proof of ownership, but we will try to recover as much as possible.

  • We are working on a marquee deal to re-launch Hyprr, and not limp to live. We have a great platform that works and is ideally positioned to the market, so we want to launch with some premium content and partnerships. This is ongoing, and will be critical. Node holders and the community can help by spreading the word.

  • We are now reviewing additional benefits for Supernode holders. We’ll come back with an update.

  • Great question. In the very short term it will be from existing HypeX in the company treasury BUT once live we will transition to USDT. If, and its an if, the community + council want the node payouts to be settled in HypeX (ie we buy HypeX and distribute) that will be down to the community to decide. We could also distribute in a different crypto. The base is USD, the rest is up to you.

  • We did a token swap a while back, so please check your contract address.

  • First key appointment is the new full time CEO. He will then appoint the new CMO and CTO. But in the meantime we have established a relationship with a web3 specialist marketing team that will lead the first campaign.

  • This is a very good question. Today, its easy to remove the token and make the chain private (if there was a desire to do that), but once the new node infrastructure rolls out - the nodes will be a critical part of the data hosting and processing, so removing the nodes would essentially reset the system. Our new hosting partner (web3) is built for this exact usecase, and is not just file storage but business operations. This is why getting the nodes back in the market is an important part of the process.

  • No, and that would also potentially label the token as a security. But technically no.

  • Yes 100%, these are critical. We have a new partner for this, so will be ready to roll on launch.

  • Yes and No. We initially are partnering with an external platform on a revenue (the Hyprr end) share basis as they have completed the dev work. It’s different to normal social ads and centres more around quizes, voting and interactions. So this gets us going, then we’ll add display and CPA advertising hopefully by year end.

  • The current plan if for node rewards to initially be distributed quarterly, moving to monthly once live. Any unclaimed rewards get transferred with the NFT, and returned nodes will be claiming outstanding rewards at point of resignation of the NFT and reclaim of the tokens.

  • The app is ready. But we need to build the right launch plan for it. There is no benefit to launching for 1,000 people to post. We’ll follow up on this plan once the nodes are completed.

  • The lock only is your tokens in, the rewards are not locked or compounded.

  • We are recruiting, the priority is the new CEO, CMO and CTO, but also part of this is a new centralised development team.

  • Yes, and a few questions back we explain that we initially are partnering with an external platform on a revenue (the Hyprr end) share basis as they have completed the dev work. It’s different to normal social ads and centres more around quizes, voting and interactions. So this gets us going, then we’ll add display and CPA advertising hopefully by year end.

  • Yes, these are not locked.

  • Plan is yes, however they are making some changes but we don’t think it impacts us.

  • Our new hosting partner offers a robust, secure, and cost-effective hosting environment for decentralized applications, with a strong emphasis on community governance, zero-fee transactions, and comprehensive data security. So all Node holders can host under the same contract but their nodes are automatically decentralised. Its a true decentralised cloud infrastructure.

  • Currently no, and we dont see this changing.

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