Good way to get people top buy HYPE. I like that the cars will give you bonuses in the games but where are the games? I cannot buy something for games that are yet to exist. The token has been out for a few months so what is going on with the other development. The token desperately needs some changes and needs to have a reason to be and a way to be used more than currently. I think that will stop the price drop.
I mean even a silly game is better than no game at all. It doesn't have to be something serious.
Hi Mike, thank you for your input.
To begin with, HYPE NFT badges have been created as part of the community rewards program in which it provides incentives to 'active' users within the HYPE community. By staying 'active' here, we are referring to the activities of burning (transferring) and freezing (voting) with HYPE tokens.
HYPE Token is a consensus-driven inflationary + deflationary token, allowing users to vote and collectively control the circulating supply of the token. Users vote every month & change the burning % and daily freezing rewards %.
HYPE tokens are burned automatically whenever a user sends HYPE tokens to another user. Currently, it is set as 8.7% of the total transferred amounts. This is the deflationary feature.
HYPE users can receive daily rewards for 'freezing' their HYPE tokens through the dapp (dapp.hypetoken.io). Users are required to freeze their tokens to increase their voting weights & thus, be able to vote. This is the inflationary feature.
HYPE NFT badges were created (ranging from levels 1 to 8 ) to reward users who have frozen & burned specific amounts (Requirements are outlined here:
https://hypetoken.io/hype-nft-badge-rewards/).
All badges are limited (Levels 1-4 have 20 each and Levels 5-8 have 10 each) and are served on a first-come-first-serve basis. We do not sell or trade these badges. All badges have already been minted & are being claimed by our community members as we speak. Availability can be checked here:
https://hypetoken.io/hype-nft-badge-rewards/You can view all badges & who owns them via OpenSea.io, here:
https://opensea.io/storefront/hypeTo answer your question regarding games, yes. We do have some plans for game developments but it is not the core part of the project.
The NFT badges will have a use case within the games we develop (to be launched late November). In the meantime, please read this blog article to fully understand the purpose of these badges & how or why these NFT badges have been created:
https://medium.com/@hypetoken/community-rewards-program-14d0e736be66