Being a DeFi community governance token, the HPS token is a Tron-based Defi project that runs at x8 times the speed of Justin Sun’s Sun Coin.
To establish stable governance of Justin Sun’s Sun project, HyPerSun will lead many experimental and adventurous decentralization policies. The actual case data collected through these actions will contribute to the stabilization and independence of the governance policies of the SUN Project. Through us, Sun can prevent many trials and errors in advance, and this action will protect the assets of many users involved in the Sun project from risk.
This is an experimental project, which has not received any investment from Venture Capital, equity investors or pre-mining for team members.
WHAT IS HYPER SUN?
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 Justin Sun’s Sun 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 SUN project’s governance policies.
HyPerSun is designed to advance the actual SUN coin ecosystem at a faster rate by adjusting the distribution volume of SUN, mining compensation quantity, reduction cycle, and reduction to a certain rate (which means HyPerSun is faster than Sun), 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)
How To Properly Join Mining?
Do not send the TRX directly to the mining pool address. Currently, we support Staking only through this page. Assets that have been staked through other means are not included in Genesis Mining and cannot be returned. Watch out for scams. We do not recommend investment in any way and do not contact you personally. All responsibility for the investment lies with you, and any loss of the user due to wrong transmission, except for the homepage, is not covered.
HYPER SUN’s Mining Rules
HyPerSUN will be mined in proportion to sizes of the markets. The amount of HyPerSUN users can receive during Genesis mining is determined by their TRX lockup amount and duration:
Amount of pre-mined HyPerSUN the user receives = the share of HyPerSUN the user is entitled to * total amount of pre-mined HyPerSUN
Total Minable HPS in Genesis Mining = 7,442,408
Total amount of genesis-mined HPS = HPS total supply * genesis-mined percentage
Share of HPS the user is entitled to = (amount of TRX the user staked * lock-up duration) / (∑amount of TRX staked by all users * lock-up duration)
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 Second 42hours, 2,706,328 HPS will be mined.
In 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/#/