HyperBurn is a reflect token concept built on top of Binance Smart Chain which focuses on cultivating a community of long term holders via ‘reflect’ distributions to all holders. Launched originally as the THUGS token in October 2020, early in Binance Smart Chains infancy and was rebranded to HyperBurn in early 2021.
HYPR relies on a few basic principles:
A deflationary token with a burn on every transaction after buying. The burn rate is based on a curve against the price of BNB. The highest rate is 33% and the lowest rate is 0.5%. The "burn" is divided into three portions:
TRADE
HyperSwap is an automated market maker (AMM) that allows you to swap between 2 tokens on the Binance Smart Chain or Fantom Opera chain. It is very similar to other AMM's like Uniswap or Pancakeswap.
FARM
The Asteroid Field is a yield farm on BSC where LP (liquidity provider tokens) can be staked to earn HyperAlloy (ALLOY). Liquidity provider reward tokens can be received by adding liquidity to the liquidity pool in HyperSwap.
STAKE
The Mech Factory is a single asset staking pool on BSC. ALLOY tokens can be converted to MECHS in order to earn more ALLOY. Once converted, MECHS can then be staked for partner tokens, providing dual staking rewards. The conversion of ALLOY to MECHS is 5:1. MECHS can be converted back to ALLOY at any time.
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