Why Hyperion MainNet Matters
Dear Community,
From the past AMAs, one of the most frequently asked question was, what role does HYN token play within Hyperion ecosystem? In other words, why is token indispensable to Hyperion?
The answer to it closely relates to Node staking and Block production. These two simple ways to participate the ecosystem, effectively lays the foundation for two pivotal features of Hyperion mainnet — low cost, and highly decentralized.
Token is used as a utility for HYN holders to access map services and for staking as members to run the infrastructure nodes in the ecosystem (the Map3 and Atlas nodes).
Staking opens a secure and simple way to connect map users to serve decentralized ecosystem. These nodes will provide decentralized map services and the underlying consensus layers.
If you still remember, we’ve opened public access to v0.8 Map3 cloud node staking contract since this April. HYN holders could early start to deploy service nodes through micro-staking either as initiator or delegator.
By fulfilling a required amount of HYNs to run a service node, users can then distribute map services to enrich the Map3 network, and get rewards in return. For a v0.8 node, the rewards is stable pro rata to individual input to the staking contract, with various APR based on three levels of lock-up period.
Three levels of annual Percentage Yield (APY) offered matching the three lock-up periods
8% (30 days), 12% (90 days), and 16% (180 days)
An early adoption of node staking contract allows users to understand in advance how HYN economic model works before the mainnet launch. More importantly, it encourages more mainnet node deployment in future. Since mainnet nodes will get higher incentives, with both service rewards & block production rewards on PoW (Map3) & PoS (Atlas) layer.
Node contributors are the key players who work hard to sustain the ecosystem by providing high-quality of decentralized map services to nearby data users. They dedicate their trust and loyalty to the whole idea behind the project by supporting the ecosystem to develop further, while the ecosystem will sift the outstanding participants and keep them within the network with continuous service rewards.
Now, following September’s mainnet launch, Hyperion dev team is working on the upgrading of Titan app to integrate mainnet functions. Users will access mainnet token swap, staking contract migration, as well as block producing via Titan this month. V0.8 cloud node staking contract will be migrated to mainnet staking contract to serve the ecosystem. Stay tuned for the reward details of Map3 and Atlas node.
How will key features stand out with mainnet? In Hyperion blockchain, when more token holders stake HYN to provide network services, Titan map users will get services that continuously improves in efficiency and security. And there’s much more…
MainNet Core Values
Lower Cost
More service nodes will lower the map service charge, while increasing the service quality for business usage
Hyperion mainnet aims to provide a long-term, stable and high quality of map service with the assistance of a self-reinforcing governance model without trust. We stimulate the growth of service nodes based on HYN economic model, which lowers staking threshold to initiate a Map3 node while at a higher economic return. As the total number of Map3 nodes scales out, the sheer amount of services will get stabilized.
Business users will adopt Map3 services to reinforce the service rewards and grow data value within the ecosystem. The virtuous value circulation between a massive decentralized map service and requests will lower the map service cost for business users.
Lower Network Fee
With HSWAP (Titan built-in exchange function), token holders will pay nearly ZERO transfer fee
When mainnet interface is ready, HSWAP will migrate to MainNet. Thus, token holders who transfer HYNs between wallet and HSWAP accounts, or trade between HYN and other tokens, will pay much less network fee than other exchanges.
Mainnet attracts more developers to issue project token with little listing fee and simplified listing process
Beyond more service rewards for map contributors and lower token transaction fee, Hyperion will attract developers to build map-based dApps, and issue project token based on our mainnet with little token issuance charge, whereby to enrich the map services provided to all users. While exchanges can preclude a new developer/project by charging high listing fee with tortuous listing process.
Highly decentralized
The scaling mechanism doubles Map3 nodes in each cycle, by decreasing required staking in each node into almost half, whereby encouraging node initiators to deploy a new Map3 node with the remaining staking for extra rewards.
A consensus protocol concerns not just “How” but also “Whom”, i.e. the block producing committee membership problem. It is a definitive feature of a decentralized organization that defines who maintains the infrastructure and gets rewards for doing so.
As mainnet launch immediately triggers the scaling cycle, an increasing number of Map3 nodes restaked into Atlas nodes therefore stimulates the competition for 88 validation nodes, with an expansion of total staking amount on Atlas layer. In other words, the network encourages users to deploy more nodes rather than stake all in a single node with no extra rewards.
Higher-staking only ensures a higher probability to enter the validation committee, while keeping the same validation rewards as others. Thus, the network encourages users to deploy more nodes rather than stake all in a single node with no extra rewards on both Map3 and Atlas layer to maximize the level of decentralization.
