OKEx Jumpstart to Launch Its 10th Token Sale with HyperDAO (HDAO)


VALLETTA, Malta, Feb. 6, 2020 /PRNewswire/ -- OKEx Jumpstart, the token sale platform of the world-leading cryptocurrency exchange OKEx, announced its 10th token sale with HyperDAO (HDAO) to be launched on Feb 25, 2020 (UTC). HyperDAO is committed to building an efficient, transparent and reliable DeFi (decentralized finance) ecosystem, offering a one-stop financial service platform for global users.
With the same belief as OKEx in decentralized finance, HyperDAO seeks to "gradually transform its existing centralized business model into one that is decentralized and governed by community members." Backed by distributed ledger and blockchain technology, HyperDAO provides a comprehensive, integrated financial service ecosystem. From infrastructure, trader-intrinsic services such as stablecoin, crowdfunding, and wallets, to market forecast, development of microfinance, and e-citizen information systems, HyperDao covers applications on both micro and macro levels.

"OKEx believes in Decentralized Finance (DeFi), and this is what we are endeavoring to develop. We are glad to partner with HyperDAO who share same belief with us," said Jay Hao, CEO of OKEx. "HyperDAO brings the industry a new series of real-life applications. I am always surprised by the many innovations out there and it is our pleasure to help the creators realize them. We hope other market players to join hands in bringing blockchain innovations to everyone's life."

Subscription Details
HDAO has a total supply of 5,000,000,000 HDAO and will be available on OKEx Jumpstart at $0.01 per HDAO, while the private sale price from HyperDAO is $0.02 per HDAO, with an individual minimum subscription amount of 32,000 HDAO. OKB is the only token accepted for the subscription and settlement. The exchange rate of OKB/USD will be confirmed on the sale day. There will still be 2 subscription sessions on 25 Feb. The OKBelievers Exclusive Allotment Session will open at 04:00 (UTC), and the OKTraders Privilege Allotment Session will open at 05:00 (UTC).

OKBelievers Exclusive Allotment Session: 100,000,000 HDAO
Individual Cap: 400,000 HDAO
Over-subscription Limit: N/A

OKTraders Privilege Allotment Session: 100,000,000 HDAO
Individual Cap: 400,000 HDAO
Over-subscription Limit: N/A

Following the token sale, the HDAO/USDT and HDAO/USDK spot trading pairs will be available at 07:00 and 09:00 Feb 25, 2020 (UTC) respectively.

Please refer to OKEx Jumpstart x HyperDAO (HDAO) Token Sale Details for further information.

About OKEx
OKEx is a world-leading digital asset exchange headquartered in Malta, offering comprehensive digital asset trading services including fiat-to-token trading, spot trading, futures trading, and perpetual swap trading to traders globally with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies.




New Link : https://www.marketwatch.com/press-release/okex-jumpstart-to-launch-its-10th-token-sale-with-hyperdao-hdao-2020-02-06

What you actually generate is Hyper-Fiat, which can be Hyper-USD, Hyper-Euro, or Hyper- CNY. On the other hand, HDAO governance tokens will enable users to jointly develop the HyperDAO platform, which includes submitting governance proposals to vote, elect community representatives, trigger the safety protocol in case of market irrationality behavior, vote for interest rate adjustments, set risk parameters and recommend projects to be listed.

This is a complex question that requires some consideration in order for us to give an answer. We know and understand that the conditions of the current financial system are no ideal for many people not living in Western countries. Nonetheless there are some regulations every project is required to follow in order to be able to operate given the circumstances. If you have read our paper you will probably know that we are trying to include as many individuals from non-Western countries as possible. Our vision is that a fair financial system has to empower those that need it the most, especially those that lack the advantages and privileges given by granted by most westerners. Keep an eye on our project because we will definitely try to reach a solution regarding this matter.

We believe that blockchain technology is here to stay, and although the short term picture may be a little bit discouraging, we believe the market will recover. There are some projects out there that will definitely revolutionize the way we interact with each other and make business, just like the internet did it two decades ago.

At the moment we are concentrated in delivering a stable coin in the three main world currencies, USD, Euro and Yuan. Nonetheless we are aware of the high interest about blockchain that exist in other regions, like Latin America, for example. As the market matures we will consider other currencies.

Most likely people will have to buy some ETH to not get liquidated. Nonetheless there will be always buyers once the market finds a bottom. Worst case scenario would be the shutdown protocol.

Indeed, he may be right, but it is also truth that given the current conditions fully decentralized autonomous organizations cannot meet compliance requirements either. Sometimes investors may become victims of scams due to exploited loopholes found in DAOs. HyperDAO believes a gradual transition programme from a traditional centralized business model to a decentralized model will help to resolve current difficulties while also overcoming obstacles HyperDAO will meet along the way.

It may be hard to enforce their rules. Currently the guidelines are ambiguous and not very practical. Those agencies will have to suffer a paradigm shift to adapt to emergent technologies.

There is always a risk to be liquidated, that is why it is important to choose good entry points based on serious analysis and understanding of the market.

What is the point of collateralizing my ETH to get only 2/3 of its current value when I can just wait for it to double its price or even be worth 1000 USD?
[/quote]This is more less how it works. As today the price of ETH is approximately $150, if you collaterise 1 ETH you will get the equivalent to $100 HyperDAO. With that amount you could buy 2/3 of ETH or 0.66 ETH. If market conditions are good, and in the future your ETH is worth 1000 USD, you will be the happy owner of the equivalent to $1600 USD, but you will have to return only $150 USD. Take into account that you may need to over-collaterise in case the market present corrections which may liquidated your collaterals. This is known as leveraging.

Nothing will happen. Most likely DAO will be peg to another form of currency, like BTC, Silver or Gold. But that is very unlikely to happen.