HypaSwap (HYPA), also known as HYPA, is a hub of the decentralized economy with lending and borrowing as its two main products. HypaSwap (HYPA) has implemented several precautions addressing collateralization, the state of the liquidity pool, and external penetrations to ensure fair practices and hassle-free transactions.
Like any other typical liquidity protocol, the HypaSwap (HYPA) protocol deals with various tokens and currencies. HYPA, an ERC-20 token built on the Ethereum blockchain, serves as HypaSwap’s (HYPA) native coin. The HYPA token serves as the primary medium of exchange for platform functions like interest rates, fines, and staking rewards. On the platform, the HYPA token can be earned or purchased at the going rate of cryptocurrency exchanges.
HypaSwap (HYPA) assigned a team to take a calculated and proactive approach to innovation to address centralized authorities’ issues, weaknesses, and risks. The team will offer various tokens to allow flexibility in lending and borrowing.
The team will only receive a portion of the HYPA tokens during allocation, ensuring that the community retains all voting and governance authority and cannot be swayed. This will ensure that the community genuinely guides the HypaSwap (HYPA) platform.
Goals And Benefits Of HypaSwap (HYPA)
HypaSwap (HYPA) would guarantee a low gas price, making it simple for investors and beginners with little investment capital to borrow assets and guarantee appropriate returns. With so many DeFi protocols available, Hypa’s primary focus will be building a secure platform while taking a progressive approach to compliance and risk reduction and paying out substantial bug bounties.
The team is confident that with a sizable community working together to deliver DeFi and passive income to everyone’s fingertips, they will build a solid platform that will expand the platform’s TVL(Total Value Locked) while also offering top-notch security and market-leading liquidity.
The HypaSwap (HYPA) ecosystem offers various rewards and bonuses when a user buys the HYPA token in its presale. For instance, when a user purchases the HYPA token in the first stage of the presale with the Binance (BNB/BSC) cryptocurrency, the buyer receives a 6% bonus for buying in the first stage and another 20% bonus for buying with the BNB/BSC cryptocurrency.
How The HypaSwap (HYPA) Works
HypaSwap’s (HYPA) whitepaper includes a 6 phase road map. These are well-thought-out strategies to ensure the success of the project.
PHASE 1: MVP PRODUCT LAUNCH
The introduction of the product MVP (Minimum Viable Product) will allow users to observe and experience the fundamental features and functionality of the HypaSwap (HYPA) protocol.
PHASE 2: TOKEN GENERATION EVENT
The unique token creation event for the Hypa tokens created on the Ethereum (ETH) blockchain will occur during this phase.
PHASE 3: PRODUCT DEVELOPMENT
This phase is where the talented developers transform the platform’s vision into a reality by bringing the HypaSwap (HYPA) ecosystem from an MVP to its final stage.
PHASE 4: WALLETS AND YIELDS INTEGRATION
Following the launch of the blockchain system, HypaSwap (HYPA) will concentrate on integrating wallets and yields for its consumers so they may safely store their holdings on the platform and begin earning and borrowing.
PHASE 5: TOKEN LISTING ON DEX
In this phase, users can anonymously acquire and keep their tokens in their wallets and integrate with the HypaSwap (HYPA) ecosystem, thanks to a DEX token listing.
Phase 6: LAUNCH HypaSwap DAOLaunching the HypaSwap (HYPA) Decentralised Autonomous Organisation (DAO) will complete the team’s involvement in the product. The team then hands over everything to the HypaSwap (HYPA) community; this will mark the beginning of the last phase and pave the way for a promising future for the token.