Introducing HyperPG Pools
Bridging hardware suppliers with AI computation consumers.
HyperPG’s mission is simple: to help you discover your missing components and actively participate in the transformative AI computation economy powered by the HyperCycle network.
HyperPG: A collective hub to find you missing component on the HyperCycle Network
Through the HyperCycle Dapp on Hyperpg.io., HyperPG’s service will offer a primary type of pools: the HyPC Token Pools.
These pools provide a platform for license and hardware owners to borrow the necessary HyPC tokens to operationalise their AI computation nodes. As a reminder, one HyperCycle Masternode requires a Full Masternode License, 512*1024 (= 524 288) HyPC tokens, and compatible High-Performance Computing (HPC) hardware to run.
Let’s say John, a lucky owner of a HyperCycle FullMasternode License and compatible HPC hardware, only owns 100 000 HyPC tokens to run it. John can submit a proposal to the Pool platform, indicating his intent to deposit his share of the needed tokens and borrow the remaining 424 288 tokens to activate his full masternode.
If the proposal is accepted, the token pool will open. When the pool is filled, contributors like Steve, who has deposited a significant number of his HyPC tokens into the Token Pool, will receive bi-weekly rewards in HyPC for renting out his tokens to John. The Token Pool rental period ranges from 18 to 24 months, offering an estimated APR of 6% to 9%. This way, John can run his Masternodes by borrowing the necessary HyPC tokens from the Pool, partly participating with the HyPc tokens he already owns, creating a mutually beneficial situation for him and his token suppliers.
The Early Deployment Program: making unvested tokens available on HyperPG
While the classic Token Pool is available for every HyPC owner, another solution had to be found for users owning Unvested (locked) HyPC.
Enter HyperPG’s Early Deployment Program.
Similarly to the previous pools, token owners can put their assets to work and generate yield bi-weekly.
How to participate?
Step 1:
Go to unvested.hyperpg.io
Read a statement saying that you recognize owning HyPC Unvested tokens and connect your Metamask Wallet with the Dapp on the ETH network.
(Note: make sure you have enough ETH to cover the gas fees)
HyperPG will now check your available unvested token allocation.
Step 2:
A page will then ask you if you’d like to apply for the Unvested token pool program, offering 9% APR for a 24 month lock period.
Click “create allocation”.
Optional: provide your email address for direct support and pool availability from the tech team.
Validate the agreement by signing with your metamask wallet.
Step 3:
Request pending (1 business day).
Step 4:
After 24h: the request is completed.
You have now applied for the unvested token pool, and the HyperCycle Treasury will deposit the tokens on your behalf in the token pool. The Pool will now run your deposit on-chain and generate yield for you.
Your allocation is now locked for 24 months and you will generate yield bi-weekly in HyPC.
Step 5:
To claim the rewards every two weeks, you will have to update your deposit and claim them with your Metamask (2 operations). You can also wait and claim later if you prefer.
(Note: make sure you have enough ETH to cover the gas fees).
At the end of the 24 month period, your unvested tokens will automatically be sent to your wallet.
Unvested HyPC Tokens Pool Tutorial for BNB Chain Users
In response to concerns regarding the Multichain hack, our team has been diligently working on viable solutions. Among these, we’ve collaborated with exchanges and pools, notably HyperPG, which our company has endorsed. This came out in response to an extremely higher than anticipated demand for the native token. Hence, finding ways to unlock those tokens and putting to work for you and the entire ecosystem is an added service to society that can be lucrative. Today, we are pleased to announce that participants from both the ETH and BNB Chain networks are able to engage in this HyperPG’s Early Deployment Program.
To take advantage of this service, simply use your Metamask Wallet with the address you previously used to claim your TGE on the BNB chain. Then, interact with unvested.hyperpg.io on the ETH network to get whitelisted and access the pool program for unvested tokens.
Please note: Ensure you have some ETH in your wallet to cover transaction fees.
Step 1:
Visit unvested.hyperpg.io and connect your Metamask Wallet with the Dapp on the ETH Network using the same address used to claim your TGE on BNB chain.
Step 2:
HyperPG will verify if you’ve claimed your TGE on the BNB chain through our launchpad partners. If you have, you’ll be automatically whitelisted for the Early Deployment program participation on the ETH Network.
Step 3:
HyperPG will determine your available unvested token allocation.
Step 4:
Once your available allocation is displayed, click “Create Allocation.” You’ll be prompted to decide if you’d like to join the Early Deployment Pool program, which offers a 9% APR for a 24-month lock period.
Step 5:
Confirm the agreement by signing with your Metamask wallet.
Note: Ensure you have sufficient ETH to cover the gas fees.
Step 6:
Your request will be pending for 1 business day.
Step 7:
After 1 business day, your request will be completed. You’ve now enrolled in the unvested token pool, and the HyperCycle Treasury will deposit the tokens on your behalf. The Pool will manage your deposit on-chain and generate yield for you.
Your allocation will be locked for 24 months, during which you’ll earn a 9% APR yield, paid out bi-weekly in HyPC on the ETH network.
Step 8:
To claim your rewards every two weeks, you’ll need to update your page and claim your rewards using your Metamask (two operations). Alternatively, you can wait and claim your rewards at a later time.
Note: Ensure you have enough ETH to cover the gas fees.
At the conclusion of the 24-month period, your unvested tokens will be automatically transferred to your wallet on the ETH network.
HyperPG future upcoming pools
Furthermore, HyperPG will introduce two additional types of pools for License and Hardware. The first one will provide an avenue for hardware and HyPC token owners to borrow the necessary licenses to fill their HPC facilities with complete HyperCycle nodes, the second one will be the place the where users can invest in hardware and own a share of the overall High-Performance Machines needed to run AI computation nodes.
These strategic pools make the AI computation economy more accessible and diversified, reducing the barriers to entry and enabling a broader range of participants to contribute and benefit from this revolutionary technology.)
IV. Wrapping Up
As we embark on this exciting journey, we extend an open invitation to our dedicated HyperCycle community and all users within the SingularityNet Ecosystem. We encourage you to explore the opportunities that HyperPG and our network of reliable hardware partners present. Discover how you can actively participate in and benefit from the transformative AI computation economy powered by HyperCycle.
Please note that more Pool distributors will come and will be announced in the near future.
HyperPG is more than just a platform; it’s a gateway to the future of AI computation. By bridging the gap between hardware suppliers and AI computation consumers, we’re democratising access to high-performance computing centres and cutting-edge AI technology. Whether you’re a hardware owner, a token holder, or a license holder, HyperPG provides a platform for you to contribute to and benefit from the HyperCycle network.
We’re excited about the potential of our upcoming License and Hardware pools, which will further diversify participation in the AI computation economy and lower the barriers to entry. These strategic initiatives are designed to empower a broader range of participants to contribute to and benefit from this revolutionary technology.
We’re just getting started, and we’re thrilled to have you join us on this journey. Together, we can shape the future of AI computation and make a significant impact on the world. Stay tuned for more updates, and thank you for your continued support and belief in HyperCycle
About HyperCycle
HyperCycle is a lightweight agent-system-based agnostic blockchain architecture, supporting scalable AI microservices, Plutus Smart Contracts and Hydra-Based Cardano Interoperation are amongst the first to be included in the overall implementation. HyperCycle partakes in the implementation of the inevitable internet of AI by incorporating security by construct. While our go to market is being defined, our current successful approach has been to partner/offer miners the ability to prepare for the future of compute for AI, developers the ability to define DSLs, leverage modular smart contracts, and run any microservice and in particular AI at highly secure, inexpensive, high-speed large-scale execution, without any third party dependencies.
Press Inquiries: MarketAccross — PR@marketacross.com
Whitepaper | Website | Telegram | Twitter | | Facebook | Newsletter | Medium Blog
