Ethereum
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Balance: $0
($7.56 k)
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CoinMarketCap.comHYPE is a token that includes a system which acknowledges its holders as the project evolves. It encompasses a platform for token exchange and a peer-to-peer platform that facilitates transactions with digital and traditional currency. A Telegram-based bot called TeleBridge is an element of HYPE, providing data for eight tokens. Another feature is the Telechange mobile application that permits multi-token exchanges across diverse blockchains within a limited timeframe, utilizing the TB ERC20 token for in-app transactions. The TeleBridge platform accommodates 20 currencies for its bridge bot.
The ongoing project tasks incorporate the creation of a trading platform which prioritizes privacy in token trading. A distinctive TornadoCash function on Telegram is accessible, enabling ETH mixing and cleansing of wallets. This function can manage information from eight tokens across four different blockchains. The TeleBridge application caters to Android users, and potential partnerships with other token types are being taken into consideration for future advancements. Even though the project is divided into certain stages, the current concentration lies on the first three phases.
HYPE is a token that operates on a deflationary model. Each transaction contributes towards reducing part of the token supply, thereby lessening the overall supply. The burn rate is influenced by voting processes carried out by HYPE token holders. This allows a change percentage of up to 3% per transaction. In a move to prevent the concentration of tokens by a small group of large-scale holders, also labelled as whales, the HYPE token has instated a measure in place. This rule enables more balanced distribution and enhanced governance by ensuring that no single party can hold more than 1% of the token supply. One of the features of HYPE is its system of extending daily token airdrops to its user base. Eligibility for these airdrops depends on the amount of HYPE tokens an individual holds. Another feature enriched within the HYPE token is the in-network tipping aspect, which encourages user interaction and participation.
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HYPE Metrics:
Current price: $0⁴979
Market cap: $9.79 k
All-time high: being indexed (being indexed)
All-time low: being indexed (being indexed)
Daily trading volume: $0
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