Unification of ETH and ERC20 Tokens Receive Addresses in HyperPay wallet
In order to optimize the deposit experience of ETH and ERC20 tokens, HyperPay will merge the addresses of ETH and ERC20 tokens at 18:00, January 6, 2021 (UTC+8). After the unification, ETH addresses can be used for ERC20 receiving, and all the old ERC20 tokens addresses will all be updated to the ETH address. Please update the your HyperPay wallet receiving address saved in other exchanges and wallets in time to avoid the occurrence of lost deposit. We apologize for the inconvenience caused!
January 5, 2021
HyperPay Creative Video Contest, Win New Year Gifts
In order to better build the HyperPay community ecosystem, give back to all Hypercard and HyperMate buyers, and thanks for your long-term support of HyperPay wallet, HyperPay hereby launches a Creative Video Contest for Hypercard and HyperMate buyers to participate and all those who participate in accordance with the rules will get 10USDT participation reward! Moreover, there are ranking rewards for the greatest videos.
Person who have purchased HyperMate or any type of HyperCard, and have a personal registered account on YouTube and Twitter.
Participants need to make a creative short videos with HyperMate or HyperCard elements, that is, unboxing videos, product use videos, etc. The subject of the video content is not limited (but the video theme must be around HyperMate or HyperCard, the video content must be positive, and the video duration must be more than 120s). Then participants need to post the video on your personal YouTube channels, collecting likes and stating “HyperMate” or “HyperCard” in the video title! Simultaneously, share the video to your Twitter accounts, follow and @Hyperpay_tech, hyperpay official twitter account, and describe your works.
① Video solicit time
January 4, 2021 to January 18, 2021 00:00 (UTC+8)
② Likes collection deadline
00:00 (UTC+8) on January 19, 2021 (during this period, you can promote your video to get more likes. In the end, HyperPay will rank and reward participating videos based on the number of likes on YouTube)
① Ranking rewards (the total prize pool will be linked to the number of participants, the more participants, the greater the prize pool)
According to the likes on Youtube, if there’s more than 20 participants, then:
First place: 300usdt
Second place: 200usdt
Third place: 100usdt
if there’s less than 20 participants, then:
First place: 100usdt
Second place: 80usdt
Third place: 50usdt
In order to thank you for your support of HyperPay, every participant can get 10USDT rewards!
After the event ends, HyperPay will distribute rewards to the winners within 7 working days, and HyperPay official Twitter will forward the winners’ videos. HyperPay does not accept any frauds and falsifying behaviors. HyperPay reserves all the rights of final interpretation.
Announcement on the Official Launch of HBT Vault Pool
HBT Vault pool is an innovative cross-chain DeFi product. It aims to solve the DeFi bottleneck of ETH development and provide the easiest way to participate for HyperPay users and DeFi users around the world. It is jointly launched by the HyperBC and HyperPay teams.
HBT (HyperBC Token) is a decentralized crypto asset issued by HyperBC. It is an ecological token circulating in HyperBC ecosystem, and its purpose is to help crypto currency users to carry out value storage, value circulation and value seeking. HBT holders can not only enjoy the corresponding rights and interests of the entire HBT ecosystem, but also participate in the planning and decision-making of HBT's future development. HBT is an ERC20 token issued on Ethereum, with a total of 1 billion. It can only be obtained by participating in crypto asset mining, lending business and insurance business in the financial ecology of the HyperBC. There's no pre-mine, no crowd-raising.
The entrance to HBT Vault on HyperPay App homepage will be open for A/B testing at 20:00 on November 25 (UTC+8), and will be officially launched on November 30. The first batch of HBT Vault supports damage-free mining of four currencies: USDT, ETH, HHPY, BTC; and also supports hToken cross-chain asset mining, including but not limited to hHC, hQTUM, hDASH, hBTC, hEOS, hDOT, hFIL, hTRX, hBCH (these currencies will be opened later).
The currency pool opened in the early stage has higher returns. Users only need to deposit the supported token assets in the HBT Vault pool to automatically earn HBT revenues (from secondary market buyback).
HBT Vault pool helps users to avoid high GAS fees and complicated mining experience to enjoy worry-free money making experience, easily realizing the maximum return on assets.
HyperPay’s Solutions Against BCH Hard Fork
As the Bitcoin Cash community will undergo a hard fork on November 15, 2020 (UTC+8), the local upgrade is expected to fork Bitcoin Cash out of two chains, BCHA (Bitcoin Cash ABC) and BCHN (Bitcoin Cash Node). In order to protect the rights and interests of wallet users to the greatest extent and avoid uncertain risks caused by hard forks, HyperPay now proposes solutions for each business line of the platform described as follows:
1. Deposit and withdrawal
HyperPay will suspend the BCH deposit and withdrawal business at 16:00 (UTC+8) on November 12, 2020.
2. Instant Exchange
HyperPay will suspend the instant exchange of BCH trading pairs at 16:00 (UTC+8) on November 12, 2020.
3. Asset Snapshot
HyperPay plans to take a snapshot of the assets in the BCH account at 16:00 (UTC+8) on November 12, 2020, as the basis for the distribution of forked candy.
4. About BCH fork
After the fork is completed, we will refer to the trading prices of the forked currency pairs on major exchanges, select the chain with the higher price to inherit the BCH name, and airdrop the tokens of the other chain to the user account at a 1:1 ratio in the light of the assets snapshot. The new BCH assets will still keep in the user's accounts.
1. After the fork is completed, the re-opening time of deposit of the new BCH and fork tokens will be notified through official announcement.
2. As there are still many uncertainties in the current fork, if either one party decides to abandon the fork, we will respect the wishes of the community and name the final winner BCH.
The solutions above is made based on current market information to ensure the smooth operation of the market to the greatest extent possible. HyperPay reserves the right to make reasonable modifications and adjustments to these solutions.
November 9, 2020
Announcement on the Launch of Filecoin Cloud Mining Power Distribution Plan
The Filecoin mainnet was officially launched at 22:45 (UTC+8) on October 15. The Filecoin miner machine deployed by HyperPay wallet is already operating. Hereafter, HyperPay makes the following instructions for the distribution plan of Filecoin cloud mining power.
In the latest official economic model of Filecoin, pre-pledge for mining FIL by miners is stipulated. Miners need to provide tokens for pledge before finalizing sectors to ensure that they can complete the committed life cycle of sectors and not harm network security for short-term benefits. At present, the pledge amount of a single sector is about 0.1897FIL. And this pre-pledge is locked, which means that as long as the mining power is increasing, FIL must be continuously "charged" into the mining machine, and cannot be withdrawn before exiting.
According to the latest data from filfox.info, the current sector pledge amount is 0.1897 FIL/32GiB, and the basic gas fee is 0.0001 FIL.
On the basis of the current data, the increasing the effective mining power of 1T requires two parts of investment, (1) 0.1897*1024/32=6.0704 FIL pre-pledge, which is locked; (2) 0.0001 basic gas fee of FIL. The gas fee is similar to the GAS fee in Ethereum. It changes in real time, belongs to the pure consumption of each operation, and is collected and destroyed by the system.
Take the HyperPay Filecoin 6-month filling power product (Permanent) as an example: according to the current FIL price of 30.88 USDT, the total costs (pre-pledge + gas fee) required for each additional 1T of effective mining power is 6.0705*30.88=187.45704 USDT, and the minimum purchase price of one T of Permanent power filled in 6 months is 248 USDT, and the ratio of the sum of pledge and gas fee to the price is 75.59%.
The pre-pledge calculation data of HyperPay Filecoin cloud mining power products can be seen in the table below.
Note: Calculated based on the current price of FIL being 30.88 USDT.
Pre-pledge and rewards distribution plan after the mainnet launch
In order to continuously provide users with more valuable services, we have formulated a pre-pledge plan after the mainnet launch. The main points are as follows:
1. The pre-pledge will be temporarily advanced by HyperPay, but the user’s daily mining rewards will be used to repay the pre-pledge first. Due to the large fluctuation of the current interest rate, the reference interest is about 0.1% per day, and the interest is currently advanced by HyperPay too. When it stabilizes, pricing will be charged. After the expiration of the mining power service, the user can withdraw the tokens for pre-pledge.
2. The Space Race award will be launched first. The Space Race award is 0.002805751 FIL/T per day. The products participating in the Space Race awards include: 7-day Priority, 21-day Promotion, 365-day Floor, 365-day Special, 335-day Floor.
3. Rules for the distribution of Space Race awards: It will be released with 180 antennas of the mainnet, and will be distributed to users every day according to the product validity period (maximum distribution is 180 days). The first distribution time is October 21, 2020 (UTC+8).
4. The initial circulation of FIL is very small, and the price will be in the historical high range and then fall sharply. Whether you are buying at a high level in the secondary market or borrowing at a high interest rate in the lending market (100% annualized interest + pledge liquidation risk), adding FIL pledge to mining at the initial stage will bear a huge risk of FIL price falling losses. For the long-term interests of all users and the platform, we may suspend the finalizing of new mining power for certain periods of time. We will make up for the suspended days by extending the service time. We apologize for any inconvenience caused, thank you for your understanding.
October 21, 2020
The Rewards for "Participate in DeFi Staking to Share 10000USDT" Have Been Distributed
The rewards distribution for "Participate in DeFi Staking (Steady · Principal & Interest Guarantee, Max · Compound Interest) to Share 10000USDT" has now been completed.
"Participate in DeFi Staking to Share 10000USDT" promotion is such a big success, and we have airdropped a total of 10,000 USDT to users who have purchased DeFi Staking (Steady · Principal & Interest Guarantee, Max · Compound Interest) in the wallet according to the snapshot at 21:00 (UTC+8) on October 16, 2020.
Participating users can check the received USDT in your transaction history. Thank you for your support!
October 21, 2020
Destruction of HPY for Exchanging Boost Coupons in September 2020
HyperPay officially launched the Boost Coupon function on Dec 27, 2019. Users use HPY tokens to exchange Boost Coupons which can be used to increase the interest income of corresponding investment products.
In order to effectively promote the market circulation and application value of HPY tokens, HyperPay team decided to destroy the HPY obtained from exchanging Boost Coupons. All the HPY obtained in the previous month will be destroyed together this month from time to time.
Destruction address is as follows: QT1111111111111111111111111164wEf2.
From September 1 to September 30, 2020, users redeemed a total of 894,000 HPY for Boost Coupons, and HyperPay team has transferred all to the destruction address.
After that, the HPY destruction plan will be carried out monthly. Please pay attention to the official announcement. Thank you for your support!
HyperPay Arrangement on the Listing and Release of Filecoin (FIL)
According to news from Filecoin (FIL), the Filecoin mainnet will be officially launched at block of 148,888, and the estimated time is October 15, 2020 (UTC+8). In order to further promote the rapid growth and development of the storage sector, HyperPay will support Filecoin (FIL) tokens as soon as the Filecoin mainnet is launched (October 15, 2020). At the same time, HyperPay will close the deposit and withdrawal on the existing FIL6 futures, and users who purchase IPFS cloud mining power will release the liquidity in the way of linearly unlocking every day according to the official block release rate.
Details are as follows:
1. Filecoin (FIL) will support deposit and withdrawal functions as soon as the mainnet is launched.
2. FIL6 will close the deposit, withdrawal and transfer functions at 17:00 (UTC+8) on October 15, 2020. Users are requested to complete the deposit, withdrawal and transfer in time.
3. The existing FIL6 will be converted into FIL tokens, and will be released within 6 months, once a month, one-sixth of each release. The release time is the 25th of each month, and the first release is on November 25.
Please note: Users who hold FIL6 can transfer to CoinW in time. Because FIL6 lock-up time is very long, and the price fluctuates greatly, the investment is quite high. Please judge your investment ability rationally and make prudent decisions before invest.
For more FIL mainnet information, please visit: https://filecoin.io/