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HyPerSun build on Tron Blockchain Announces Genesis Mining of HPS Token

Team Bitcoin Daily

Published

3 years ago

on

HyPerSun has announced the launch of its DeFi governance token dubbed HPS. Per the foundation’s open letter to the community about the HPS Genesis Mining, the blockchain-based firm hopes that HPS will become a nexus for sincere community-builders to collaborate on the TRON ecosystem.

The HPS token is “Designed as the quintessential Bitcoin equivalent on the TRON network, HPS features zero venture capital (VC) investments, zero private equity investments, no pre-mining or reserves for the team, and is wholly operated by the community through its open-source smart contracts. We want to build HPS into a grand social experiment while paying tribute to the spirit of decentralization as advocated by Satoshi Nakamoto.” the official announcement reads.

With Decentralized Finance (DeFi) lending platforms making tremendous headway in reaching new customer milestones, the importance of their respective governance tokens has been prominent. The HPS token will be to the TRON DeFi ecosystem what such tokens as LEND, DAI, etc. are to the Aave and MakerDAO ecosystems.

HPS Token to Drive Greater Adoption of Cryptocurrencies

As a DeFi community governance token, the HPS token is a ‘meme’ coin designed with encryption and artistic expression in focus. The Tron foundation hopes that the coin will join in driving greater adoption of digital tokens in the crypto sphere.

“We respect and appreciate crypto culture featuring humor and self-mockery, which is a critical source of power that continuously drives the spirited adoption of cryptocurrency.” the firm noted

HPS as a community governance token will help holders to discuss, vote, and help implement unique proposals in the Tron ecosystem. Per the announcement, the HPS token genesis mining is initiated as a grand social experiment, where everyone participating in Genesis mining will become part of the community and help guide its future.

With no reserve mining by the developers, the foundation hopes to make transparency the bedrock of the new project.

WHAT IS HYPER HPS?

HPS is a digital asset, abbreviation for HyPerSun, based on TRC20.Standard used for tokens within smart contracts in the TRON block chain.

We are old friends of Justin Sun and a group who strive for expansion and stable settlement of the Blockchain ecosystem.

To ensure the stable governance of HPS project, we, HyPerSun, will lead many experimental and adventurous decentralization policies, and the actual case data collected through these actions will contribute to the stabilization and independence of the HPS project’s governance policies.

HyPerSon is designed to advance the actual HPS coin ecosystem at a 8X faster rate by adjusting the distribution volume of HPS, mining compensation quantity, reduction cycle, and reduction to a certain rate (which means HyPerSun is faster than HPS), and is operated through fair and voluntary participation by users through smart contracts without any authority from the Foundation.

When is Genesis mining?

Genesis mining for HyPerSun will begin on September 12, 2020 at 13:00(SGT). During the Genesis phase, the user can lock the TRX to participate in Genesis Mining. All funds will be returned via Smart Contract after 3 days at no additional charge. (Source: Medium)

HyperSUN Issuance

HPS is a digital asset, abbreviation for HyperSUN, based on TRC20, the Technical standard used for tokens within smart contracts on the TRON blockchain. Total token supply is 79,602,920 HPS.

HyperSUN Distribution

The distribution of the HyPerSUN is completely decentralized via mining based on the smart contract. The only way to mine HyPerSUN is to stake TRX or other tokens(HPS, BTT, JST, USDT, USDJ).

Mining Method

Genesis Mining: Stake TRX into HyPerSUN’s smart contract. After the completion of

Genesis Mining, the smart contract will reward HyPerSUN and refund all assets back

to users’ accounts, charging no handling fees.

Regular Mining: At this stage, HPS, BTT, JST, USDT, USDJ, high-quality community

projects, and some liquidity mining pools will be set up. Users can participate in

mining by staking certain tokens.

Mining Timeline

HyPerSUN Genesis Mining will formally kick off on September 12, 13:00(SGT) and

ends on September 16 01:00(SGT). Regular Mining of TRX mining pool will start

right after the end of Genesis Mining.

Genesis Mining starts at 2020/9/12 13:00 SGT running for 84hours.

Regular Mining starts at 2020/9/16 01:00 SGT

We will celebrate the official launch of HPS by naming that day ‘HyPerSUN Bigbang’.

Mining Reward

Genesis Mining: Every 24hours, 3,721,204 HPS will be mined. A total of 7,442,408

HPS can be mined in 84hours, equivalent to 9.34% of the total supply.

Regular Mining in the TRX mining pool: Every 42hours, the amount of minable HPS will be decreased by 20%.

In First 42hours, 3,382,912 HPS will be mined.

In the Second 42hours, 2,706,328 HPS will be mined.

In the Third 42hours, 2,165,064 HPS will be mined.

And so on and so forth.

A total of 16,438,464 HPS can be mined, equivalent to 20.65% of the total supply.

Regular Mining in the other mining pools: A total of 55,722,044 HPS will be mined, equivalent to 70% of the total supply.

Official Website: https://hypersun.io/#/

Medium: https://medium.com/@hypersun.io

Twitter: https://twitter.com/hypersun_io

Whitepaper: https://hypersun.io/static/HyPerSun_whitepaper_en.pdf

 

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Press Release

Limoverse’s Vision for Web3: Token Burn, Roadmap, and Leading the Wellness Frontier

Crypto Chain Wire

Published

3 days ago

on

September 26, 2023

By

In an electrifying move in an otherwise quiet crypto market, Limoverse successfully completed its much-anticipated Token Burn Event! 

The buzz surrounding this event is palpable, and for good reason. It all starts with Limoverse’s unwavering commitment to transparency and its thriving community. Limoverse places its community at the core of its mission, emphasizing transparency, empowerment, and token appreciation for its dedicated users and token holders.

But what exactly is a token burn, and why is it generating such excitement? The answers to these questions are pivotal to understanding the magnitude of this event. Token burns are akin to enchantments in the realm of cryptocurrency. When tokens are subjected to a burn, they are permanently removed from circulation. This action not only diminishes the overall token supply but also heightens its scarcity, elevating the value of each remaining token. 

Limoverse is taking token burns to the next level by introducing a pioneering algorithm that links token burns to real-world achievements. For every kilometer run and every calorie burned within the Limoverse app, an equivalent quantity of Limoverse tokens will be incinerated. Yes, you read that correctly! As users stay active and embrace a healthier lifestyle, the token supply shrinks, thereby augmenting the value of Limoverse tokens. This innovative approach ensures that your journey to improved health and fitness also translates into the growth of your investment. A true win-win!

$LIMO Tokens have a total supply of 10 Billion tokens and the burn event saw 86,494,575 LIMO tokens being burnt and taken out of supply.

Limoverse’s commitment extends even further. “We are delighted to declare that all unredeemed rewards from our HealthFi Rewards Pool have also been subjected to a burn. This strategic move firmly underscores our dedication to forging a sustainable token economy, guaranteeing that each Limoverse token serves its utmost purpose” says Sajeev Nair, founder and chairman of Limoverse.

Talking about what the future holds for Limoverse, he further added. “Shortly, we are set to launch our most awaited projects: ModiFi and CreatFi, which will solidify our position as the most comprehensive health and wellness ecosystem in the web3 world. ModiFi is designed to empower users to flourish in all dimensions of wellness, from physical and mental health to spiritual well-being. The core focus lies in uniting top-tier wellness practitioners with advanced health tracking and AI capabilities, enabling users to take charge of their holistic wellness journey like never before.

Through self-paced courses and personal coaching, CreatFi will offer a gateway to personal growth and holistic well-being, cementing Limoverse’s reputation as a leader in the Health and Wellness space.

About Limoverse

With a vision to become the largest digital health economy in the world, Limoverse’s LIMO tokens are currently trading on Poloniex, Bitmart, and Pancakeswap exchanges. As the token expands its presence, Limoverse continues to break new ground in the health and wellness industry, leveraging Web 3 technology to empower individuals and communities alike.

Currently, the Limoverse ecosystem provides users with the option of earning rewards when they walk, jog or run and also when they burn calories thus keeping them motivated and incentivized to stay healthy through the HealthFi program. 

You can download the Limoverse App from both Google Play and App Store. Be sure to visit the official website and join our Twitter, Telegram, and Instagram to stay updated with all the latest news and developments.

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Press Release

Wemade launches Drops NFT auction service on WEMIX PLAY 

Crypto Chain Wire

Published

4 days ago

on

September 25, 2023

By

  • Game NFTs and special NFTs will be available through English Auction on Drops 
  • NFT auctions for new games Melting Earth, Ballies and Yield KingZ, will be held sequentially until Thursday, October 12th

Leading South Korean game developer Wemade today launched the new Drops NFT auction service on its WEMIX PLAY global blockchain gaming platform. 

Drops will auction off game NFTs and special NFTs minted by various games available on WEMIX PLAY. Players can use WEMIX$ to participate in the auctions which uses the same English auction method as the WEMIX3.0-based DAO & NFT platform NILE (the highest bid is determined as the final winning price). 

To commemorate the launch of Drops, NFT auctions for three new games – Melting Earth, Ballies and Yield KingZ – will be held sequentially until Thursday, October 12th.

Melting Earth is a Metaverse real estate game to restore polluted earth and become the owner of new land; Ballies is an original strategy card game that combines basketball and fantasy elements into a new experience; and Yield KingZ is a Social Casino Game-Fi leveraging benefits of WEB 3.0 based on blockchain.

WEMIX PLAY is the top global blockchain gaming platform with more than 9 million cumulative users. It offers everything from card, puzzle, simulation and strategy games; to first-person shooters, battle royale, multiplayer online battle arena (MOBA), and massively multiplayer online role-playing games (MMORPG); to casual, social networking (SNG) and sports games. 

For more information about the NFT auction service Drops and WEMIX PLAY: https://wemixplay.com/nft/drops/all.

About WEMADE

A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit www.wemix.com/communication for more information.

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Press Release

Chooky Becomes Official Racing Sponsor of Meadowlands Sports Complex

Crypto Chain Wire

Published

7 days ago

on

September 22, 2023

By

Chooky, the pioneering cryptocurrency platform, is thrilled to announce a groundbreaking partnership as the Official Racing Sponsor of the Meadowlands Sports Complex. This historic collaboration cements Chooky’s position as the very first cryptocurrency to sponsor this iconic sports and entertainment venue, ushering in a new era of crypto adoption and engagement.

Meadowlands Sports Complex: Nestled in East Rutherford, Bergen County, New Jersey, the Meadowlands Sports Complex is a renowned sports and entertainment destination, overseen by the New Jersey Sports and Exposition Authority (NJSEA). The expansive complex encompasses several world-class facilities, including:

MetLife Stadium: The hallowed ground of the New York Giants and New York Jets of the National Football League (NFL).

Meadowlands Racetrack: A prestigious harness racing circuit renowned for hosting the annual Hambletonian Stakes.

Quest Diagnostics Training Center: The dedicated practice facility for the New York Giants.

American Dream: An innovative retail and entertainment destination, housing the Metropolitan Riveters of the Premier Hockey Federation (PHF).

Meadowlands Arena: A storied venue, once home to the New Jersey Devils of the National Hockey League (NHL), Seton Hall University’s men’s basketball team, and the now-Brooklyn Nets of the National Basketball Association (NBA).

Additionally, the Meadowlands Sports Complex proudly houses the largest sportsbook in the world – FanDuel Sports.

Chooky’s status as the Official Racing Sponsor of the Meadowlands Sports Complex marks a significant milestone in the world of sports sponsorship and cryptocurrency. As part of this historic partnership, Chooky will be prominently featured in commercials during the complex’s live stream, which boasts a daily viewership of millions of users. This presents a unique opportunity to connect with sports enthusiasts and crypto advocates alike. The first commercial of Chooky is set to air on September 30. 

But that’s not all. Chooky’s presence will be felt even more tangibly as a full-page advertisement graces all racing forms and Meadowlands media. This means that every visitor to the Meadowlands, whether drawn by the allure of horse racing or other electrifying entertainment, will be greeted by the captivating $CHOO ad. It’s an invitation to explore the world of Chooky, offering an enticing way to invest and be part of this vibrant cryptocurrency community.

In celebration of this monumental partnership, the Meadowlands Racetrack will host the “Chooky Inu – $CHOO” race on September 30, 2023. Following the race, an official presentation honoring Chooky will be held in the winner’s circle, marking the beginning of an exciting journey together.

Papi, CEO of Chooky, enthusiastically remarked, “This sponsorship of the Meadowlands Sports Complex is groundbreaking for the simple fact that we are the first and only crypto sponsor of theirs. We believe in the potential of cryptocurrencies to reshape industries, and this partnership exemplifies our commitment to innovation and community engagement.”

This sponsorship marks the beginning of Chooky’s comprehensive web2 marketing plan, with more exciting initiatives and engagement opportunities on the horizon. Stay tuned as Chooky’s journey with the Meadowlands Sports Complex unfolds, promising a fusion of sports, entertainment, and cryptocurrency like never before.

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