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HyPerSun build on Tron Blockchain Announces Genesis Mining of HPS Token

Team Bitcoin Daily

Published

4 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

Introducing the Plena App: A Revolutionary Crypto Super App

Team Bitcoin Daily

Published

3 days ago

on

July 24, 2024

By

We are excited to announce the launch of the Plena App, a groundbreaking crypto super app that seamlessly blends the security of self-custodial wallets with the convenience of centralized applications. Today marks a significant milestone in the world of cryptocurrency as we introduce a platform designed to revolutionize how users interact with digital assets.

What is Plena?

The Plena App is an advanced crypto super app that offers users unparalleled security through self-custodial wallets while providing the ease of use typically associated with centralized applications. With Plena, users can invest in over 100,000 cryptocurrencies, manage transactions, perform asset swaps, and bridge assets with just a single tap. This innovative platform leverages Account Abstraction technology, making it the first of its kind in the crypto space.

Key Features

– Self-Custodial Wallets: Plena ensures users have complete control over their digital assets, combining robust security with user autonomy.

– Comprehensive Investment Options: With access to over 100,000 cryptocurrencies, Plena provides diverse investment opportunities.

– Seamless Transactions: Facilitating quick and easy transactions, Plena makes managing your crypto assets straightforward and efficient.

– Asset Swaps and Bridging: The app allows for effortless asset swaps and bridging, enhancing flexibility and usability for crypto enthusiasts.

– Account Abstraction Technology: Plena’s innovative use of Account Abstraction technology sets it apart, offering a unique and superior user experience.

 Launch Details

We are proud to officially launch the Plena App today. This pioneering platform is set to transform the crypto landscape, providing users with a secure, convenient, and innovative way to manage their digital assets.

Contract Address: 0xed68931e351ee97e8f77c64181475a6e3f2bd573

Join us in this exciting new chapter of cryptocurrency innovation. Visit our website or follow us on X to stay updated with the latest developments and features of the Plena App.

For more information, visit our website or follow us on X.

Website: http://www.plena.finance

X:http://x.com/PlenaFinance

Token: PLENA

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Press Release

How Bitcoin Lotteries Work and Differ from Conventional Lotteries

Crypto Chain Wire

Published

4 days ago

on

July 24, 2024

By

The world of lottery just got an upgrade and it is global, secure, and powered by the future of finance: Bitcoin.

In this article, we dive into the exciting world of Bitcoin Lottery which offers a seamless and transparent experience. We will break down what Bitcoin lotteries are, how they work, and what sets them apart from your conventional lottery system.

What is a Bitcoin Lottery?

Bitcoin lotteries work like traditional lotteries but with a modern digital spin. Instead of using fiat currency, participants use cryptocurrencies like Bitcoin.

Here’s how it works: you buy a lottery ticket with cryptocurrency, choose your numbers, and wait for the draw. If your numbers match the drawn numbers, you win a prize – paid out in Bitcoin or other chosen cryptocurrencies.

What Makes Bitcoin Lottery Games Stand Out?

Here are the features that make Bitcoin lottery games a top choice for players.

  • Transparency and Fairness: One of the biggest advantages of the Bitcoin lottery is the use of blockchain technology. Blockchain ensures that every transaction and draw is recorded on a decentralized ledger that’s accessible to all players. This transparency eliminates worries about rigged results as players can verify each draw independently.
  • Security: Using cryptographic algorithms, Bitcoin lottery games offer extra security. The decentralized nature of blockchain means malicious actors can’t manipulate the results of the draws.
  • Global Accessibility: Unlike traditional lotteries which are limited by geographical boundaries, crypto lotteries are accessible from anywhere in the world. As long as you have an internet connection and a digital wallet, you can play. This global reach increases the player base and potentially the prize pool.

Regular Lotteries vs. Bitcoin Lotteries: A Comparison

1. The most obvious distinction is the utilized currency. Ordinary lotteries utilize fiat currency like dollars or euros, whereas a Bitcoin lottery uses Bitcoin or other cryptocurrencies.

2. Transactions in Bitcoin lotteries are faster and may have lower fees than buying traditional lottery tickets. This is so because Bitcoin transactions eliminate intermediaries like banks, therefore lowering the delays and expenses related to bank fees and currency exchanges.

3. Prizes in Bitcoin lotteries are in BTC or other cryptocurrencies which can be attractive because of the potential for value growth. Certain Bitcoin lotteries also provide quick payouts, hence improving the convenience for the winners.

4. Bitcoin lotteries usually employ “provably fair” algorithms. Unlike other lotteries, this system lets players use cryptographic techniques to confirm the fairness of the draw outcomes.

Why should one try a Bitcoin Lottery?

Apart from the thrill of maybe winning large, crypto lotteries provide several special benefits:

• Safe and open: You can verify every single draw and transaction.

• There are no geographical restrictions; play wherever on the planet.

• Cut expenses by means of lower transaction fees.

• Instant Payouts: Get your winnings easily and quickly. 

Bottom Line

With improved security, transparency, and worldwide accessibility, a Bitcoin lottery presents a fascinating and creative variation of the classic lottery.

These lotteries are a reliable choice for gamers all around as they guarantee fair and clear results by integrating blockchain technology. Regardless of your experience level, Bitcoin lottery games provide a modern way to try your luck and potentially win big.

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Press Release

Introducing Grok-1.5V: Revolutionizing Multimodal AI

Team Bitcoin Daily

Published

5 days ago

on

July 22, 2024

By

We are thrilled to announce the launch of Grok-1.5V, our groundbreaking first-generation multimodal model. Grok-1.5V, the latest innovation in artificial intelligence, promises to redefine how we interact with and understand the world around us. 

Unveiling Grok-1.5V

Grok-1.5V stands out with its exceptional text processing capabilities, but it goes beyond that. This advanced model can now process a wide array of visual information, including documents, diagrams, charts, screenshots, and photographs. This enhancement allows Grok-1.5V to offer a more comprehensive understanding and interpretation of both textual and visual data.

Capabilities

Grok-1.5V is designed to be competitive with existing frontier multimodal models across various domains. From multi-disciplinary reasoning to understanding complex documents, scientific diagrams, and real-world photographs, Grok-1.5V excels. 

We are particularly proud of Grok’s performance in our new RealWorldQA benchmark, which measures real-world spatial understanding. In zero-shot settings, without chain-of-thought prompting, Grok-1.5V consistently outperforms its peers, showcasing its superior capability in understanding the physical world.

Launch Details

Grok-1.5V will be available soon to our early testers and existing Grok users. We are excited to bring this new level of AI understanding to our community.

Join us as we launch Grok-1.5V on BASE at 19:20 Beijing time today. Don’t miss this opportunity to be part of the future of AI.

Contract Address: 0xeeB0Ea9EcD0Ab9a7a210fA66FCf58ce4747235E6

Stay tuned for more updates and innovations from our team as we continue to push the boundaries of what’s possible with AI.

For more information, visit our website or follow us on X.

Website: https://x.ai

X: https://x.com/xai

Token: x.AI

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