$HYPEN Token
The $HYPEN token is the official token of the HyperNest DAO.
In this page we will provide more info about it
What’s On This Page:
Governance Currency
Every actor that wants to participate in the governance of the DAO must have a “Reputation,” and the only way to build it up is by being paid in HyperNest Native tokens. Reputation is necessary within the colony to support Motions (proposals). The Reputation determines the voting power.
Benefits for Holders
The startups which are taking part in the accelerator will hold $HYPEN tokens. Therefore, they have an interest in the token utility and the broader success of it. For this reason, the startups will grant exclusive benefits to the $HYPEN holders.
E.g. A better APY for farming in a DEFI Dapp.
Value of Our token
The Decision making in the DAO
Some actors might be interested in influencing some decisions of the DAO e.g. A Layer 1 protocol might want the DAO to onboard one startup because the company wants to deploy its valuable Dapp on that chain. In this situation, the protocol has an interest in voting for the acceptance of that startup.
The value of our Operation treasury and Native token treasury
We will hold cryptocurrency and our native token in two separate treasuries. The DAO uses the operation treasury to finance our daily and monthly operations.
Our Native token treasury will hold the $HYPEN tokens.
The value of our Portfolio treasury
The portfolio treasury is going to be composed by:
- Startups tokens (at least 70%)
- Reserve currencies
- Stable coins
To access our DAO, every startup deposits part of their tokens in our portfolio treasury and receives an investment in our token. All the startups token will be locked in our portfolio treasury.
We hold reserve currencies like BTC, ETH, and AVAX.
Token Allocation
35% Startups Investment
20% Team
15% Fundraising
10% Partners
5% Contributors
5% Marketing
5% Foundation
We are planning to allocate the majority of our tokens to support Web 3.0 startups.
We reserved 5% of the total allocation for a foundation that would decide how to distribute this amount. The possible usage of those tokens would be:
- Liquidity in CEXes and DEXes
- Fundraising or token sales to backup the treasury portfolio
- Operation expansions
- Strategic partnerships
We believe that the rest of the allocation is pretty straightforward in its interpretation.
Our intention is to reward the team, the partners and the contributors that daily strive for the success of our portfolio companies.