HYPE dApp Guide (For Desktop Browsers )
First, install the METAMASK wallet on your browser ( http://metamask.io).
You can import/export your existing wallets on MetaMask. If you have HYPE tokens kept on other wallets, simply export its private keys and import it onto your MetaMask wallet.
Then, visit “https://dapp.hypetoken.io”
Do you have a mobile device? It is recommended that you access the dApp with TRUST WALLET ( https://trustwallet.com). GUIDE FOR TRUST WALLET USERS: https://medium.com/@hypetoken/guide-using-the-hype-dapp-with-trust-wallet-mobile-1692a5e15e6b
CONNECTING YOUR WALLET
A metamask pop-up will appear as you visit the dApp page. Connect your wallet to the dApp. Once connected, simply refresh the page to connect your statistics.
Simply type the amounts you wish to freeze on the ‘Rewards Calculator’ to see how much rewards you will be getting at the current freezing rewards %.
This section shows all the live global statistics of the HYPE token.
MY HYPE ZONE
Click on the ‘MY HYPE ZONE’ to access the freezing/unfreezing features.
- MY TOTAL BALANCE: Unfrozen balance + Frozen balance
- UNFROZEN BALANCE: Balance available on your wallet
- MY VOTING WEIGHT: Coming soon
- FROZEN BALANCE: Your frozen token amounts
- FROZEN SINCE: Date of your most recent freezing action
- ACCUMULATED REWARDS: Your rewards available for claim
- MELTING COMPLETE: Amounts available to be released
- MELTING IN PROGRESS: Amounts currently melting (any amounts you unfreeze will require you to wait 48 hours until it is moved to the ‘MELTING COMPLETE’ tab)
- TOTAL BURNED: Total burned tokens as a result of tokens deposited to your address
- TOTAL REWARDS CLAIMED: Total freezing rewards successfully claimed & released to your wallet address
- DAYS SINCE I JOINED: Number of days since your address first transacted HYPE tokens
Why is the HYPE dApp necessary?
HYPE dApp allows you to easily interact with the HYPE Token Contract to freeze and unfreeze your tokens as well as view global & personal statistics.
By freezing your HYPE tokens, you will be able to:
- increase your voting weights
(more tokens & the longer you freeze = more voting weight)
- receive daily freezing rewards (currently set at 1% daily)
How does freezing rewards work?
When you freeze HYPE tokens, you receive ‘x%’ of your frozen amounts as a daily reward. However, these rewards will not automatically compound. You will receive a fixed rate on your total frozen amounts.
- John freezes 100 HYPE tokens. He receives 1 HYPE token every day. (Assuming that the current freezing rewards % is 1% daily)
Where does the freezing rewards go?
Freezing rewards are kept on the token contract as ‘accumulated rewards’ until you melt them & ‘RELEASE’ them to your wallet.
What happens if I don’t melt my accumulated rewards?
They will keep accumulating BUT if the daily freezing rewards % changes, they will also be actively applied to your accumulated rewards.
This means whenever we change the daily freezing rewards % every month, your accumulated rewards may also decrease/increase with the changed rewards %. Remember, users vote for the freezing rewards % and burning % every month.
It is therefore, best advised that you always melt & release your accumulated rewards at the end of the month, before the daily freezing rewards % changes.
For example (assuming that current daily freezing rewards % is 1% daily):
- John has 100 HYPE tokens as accumulated rewards.
- John decides not to claim his accumulated rewards at the end of the month.
- On the next month, daily freezing rewards % is changed from 1% -> 2%.
- Now, John has 200 HYPE tokens as accumulated rewards.
- However, if the daily freezing rewards % is changed from 1% -> 0.5%, John’s accumulated rewards will change to 50 HYPE tokens.
If you do not melt & release your accumulated rewards, your accumulated rewards will change every month, according to the changing daily freezing rewards %.
If the daily freezing rewards % decreases, your accumulated rewards will decrease. If the daily freezing rewards % increase, your accumulated rewards will increase accordingly.
Remember to claim your accumulated rewards before the end of the month if you do not wish to risk anything!
How to Freeze HYPE Tokens
Click on the ‘FREEZE’ button on your ‘MY HYPE ZONE’.
Enter the amount you wish to freeze & click ‘SUBMIT’.
Metamask pop-up will appear. Check your gas fees & click ‘CONFIRM’.
Once you confirm your MetaMask transaction, a pop-up will appear confirming your action & a TXID link to your transaction will be available.
Once your TX confirms, refresh the dapp page.
You will notice that your ‘frozen balance’ and ‘frozen since’ tabs have been updated. That’s it! You will now start receiving daily rewards and your voting weights will begin increasing day by day.
HOW TO UNFREEZE TOKENS
Click on the ‘UNFREEZE’ button, and a pop-up will appear.
Enter the amounts you wish to UNFREEZE and click on ‘SUBMIT’.
A metamask pop-up will appear to confirm your transaction. Confirm it!
Once you have submitted the transaction, a pop-up will appear with the link to your transaction.
Wait until your transaction gets confirmed & once it’s confirmed, refresh the dapp page.
Notice that your unfrozen tokens are now ‘MELTING IN PROGRESS’.
You will need to wait the melting period until your tokens are available on the ‘MELTING COMPLETE’ tab for you to release your tokens back to your wallet.
RELEASING YOUR MELTED TOKENS
AFTER MELTING PERIOD HAS PASSED
Once melting is complete for your unfrozen tokens, you will be able to release them back to your wallet by clicking on the ‘RELEASE’ button available below the ‘MELTING COMPLETE’ tab.
CLAIMING ACCUMULATED REWARDS
Your accumulated rewards automatically starts melting whenever you unfreeze ANY amounts of tokens.
FREEZING ADDITIONAL TOKENS
If you have tokens already frozen & you wish to freeze more tokens on top of the frozen ones, your ‘UNFROZEN BALANCE (balance on your wallet)’ must be more than ‘Frozen Amounts + Melting/Melted Amounts’.
It is therefore best advised that you always melt & release your accumulated rewards before freezing additional tokens.
HYPE dAPP RELEASE DATE:
AUGUST 15 (00:00 UTC)
FOR MORE INFO, JOIN THE COMUNITY ON: