[GUIDE] Using the HYPE dApp with TRUST Wallet (Mobile)

HYPE Token
Aug 13 · 7 min read

The guide for Metamask (desktop browser wallet) is available here: https://medium.com/@hypetoken/guide-how-to-use-the-hype-dapp-to-freeze-unfreeze-hype-tokens-4867e269f6c4

First, Install the TRUST WALLET app

Trust Wallet: http://trustwallet.com

Import an Existing Wallet or Create a New Wallet

If you already have an ERC20 token compatible Ethereum wallet, you can import it by copy & pasting its phrase or keystore or private keys onto the Trust Wallet.

To import an existing wallet, simply click on:
Settings > Wallets > “+” (top-right corner) > I already have a wallet > Ethereum > Select the option to import

Accessing the HYPE dApp

Click on ‘Browser’ and on the search bar, type “dapp.hypetoken.io

Make sure to click on the “” symbol to bookmark the dapp. Once it is bookmarked, you will be able to see the dapp without typing the address again.

HYPE dApp Interface

The HYPE dApp is divided into 3 sections.

  1. Rewards Calculator: allows you to calculate how much freezing rewards you will get on a daily or monthly basis
  2. Live Statistics: Shows global HYPE token statistics such as total number of holders, total number of frozen tokens, total number of burned tokens, current total supply, etc.
  3. My HYPE Zone: Personal zone to connect your wallet & interact with the HYPE Token contract (freezing/unfreezing HYPE tokens).
  • 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

Some FACTS to Know Before You Freeze/Unfreeze

Why Freeze?

By freezing HYPE Tokens, users immediately become eligible to vote. Users will be able to increase their voting weights + receive daily rewards in return for freezing their tokens.

Vote?

All HYPE Token holders who have frozen their HYPE tokens are eligible to vote. Voting event is held monthly to determine the next month’s burning % and daily freezing rewards %. More information can be found on the Whitepaper.

Voting Weights?

The more voting weight your address has, the more power your votes will be. Usually, the longer & the more you freeze = more voting weight.

Freezing Rewards?

When you freeze HYPE tokens, frozen amounts will not be available in your wallet. This simply means that you won’t be able to spend your frozen tokens until you unfreeze & release them back to your wallet. In return for freezing, you receive daily freezing rewards based on the amounts you have frozen.

Current Daily Freezing Rewards Rate: 1% daily

This means, if you have frozen 100 HYPE tokens, you will be receiving 1 HYPE token every day. NOTE: Rewards DO NOT compound.

Where does the rewards go?

Daily Rewards are accumulated on the token contract until you unfreeze any amount of tokens. Whenever you unfreeze any amount of your tokens, your accumulate rewards will automatically start melting.

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 (Trust Wallet)

  1. Open Trust Wallet on your mobile devices
  2. Click on ‘Browser’
  3. Go to dapp.hypetoken.io
  4. Go to the ‘MY HYPE ZONE’ section
  5. Below the ‘UNFROZEN BALANCE’ tab, click on the ‘FREEZE’ button

6. Enter the amounts you wish to freeze (click ‘ALL’ to freeze all available balance on your wallet)

7. Click ‘SUBMIT’

8. IMPORTANT!! Set your TX fees correctly. Click on the ‘Settings’ icon as shown below.

9. It is recommended that you set a minimum of 2 GWEI (gas fees) and 300000 (gas limits)

10. Submit the transaction & you will see a screen as below

11. Wait until your TX gets confirmed (usually around 10 minutes)

12. Refresh your dapp page & you will see your updated ‘FROZEN BALANCE’

How to Unfreeze HYPE Tokens (Trust Wallet)

  1. Open Trust Wallet on your mobile devices
  2. Click on ‘BROWSER’
  3. Type dapp.hypetoken.io
  4. Go to the ‘MY HYPE ZONE’ section
  5. Click on the ‘UNFREEZE’ button available below the ‘FROZEN BALANCE’ tab

6. Enter the amounts you wish to unfreeze

7. Click ‘SUBMIT’

8. IMPORTANT!! Set your gas fees & limit correctly or your TX may get stuck. You can do this by clicking on the ‘SETTINGS’ icon as shown below

9. It is recommended that you set a minimum of 2 GWEI (gas fees) and 300000 (gas limits)

10. Submit the transaction & you will see a screen as below

11. Wait until your TX gets confirmed (usually around 10 minutes)

12. Refresh your dapp page & you will see your recently unfrozen balance + any accumulated rewards you may have had on the ‘MELTING IN PROGRESS’ tab.

You will need to wait the melting period (currently 48 hours) 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.

In need of help?

Join the amazing community on Telegram: https://t.me/hypetoken

HYPEToken

The HYPE Project: World’s First Consensus-driven Inflationary + Deflationary Token Created to Test the Crowd’s Ability to Collectively Control and Manage a Tokenomy.

HYPE Token

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HYPE is the world’s first consensus-based inflationary + deflationary token allowing users to collectively manage and experiment with the token supply.

HYPEToken

HYPEToken

The HYPE Project: World’s First Consensus-driven Inflationary + Deflationary Token Created to Test the Crowd’s Ability to Collectively Control and Manage a Tokenomy.

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