HyperCycle is an innovative platform that boasts a very hot native token – HYPC. The company aims to create a crucial component, hoping that it will enable quick and secure transactions between artificial intelligence machines.
HyperCycle launched the token’s ICO sale on May 5, 2023. It will end on May 10, 2023. This BEP-20 token is currently trading for 0.085 USD per HYPC. The HyperCycle wants to raise $1,200,000 with the ICO. The total supply of the coins is 2,147,483,648, but only 7,91% is available for purchase at this stage. The platform also accepts only USDT in exchange for HYPC.
HyperCycle will develop totally new technology to help the broader adoption of artificial intelligence and blockchain technologies. The team members have been observing the development of various blockchain and Defi projects ever since 2008 when the Bitcoin whitepaper appeared on the market. They have lots of experience and aim to use it to create something truly amazing.
Defi world has infinite possibilities. It started with simple chains (though there is actually nothing simple about the blockchains, except their concept, maybe), and over the years, new features appeared on the market, such as smart contracts, algorithms and data structures, DAOS, and even multi-layer networks. All of them are now part of the new revolutionary system that has forever changed the world.
However, while these chains, features, and tools considerably increased the new platform’s functionality, there’s still much to do to achieve the blockchain’s global adoption on a broader scale.
The HyperCycle team noted that while peer-to-peer platforms are much faster and more secure now than they were at the beginning, that still isn’t enough. There are many things to consider, such as speed, security, usability, scalability, and decentralization. The best platforms should incorporate all of these and even more. The company aims to help them do that.
Moreover, new platforms boast many features, but they also have more weaknesses that hinder their adoption. And solving such obstacles is a never-ending job. After all, when the developers finish with one problem, five new ones appear with the new updates and developments. Still, the company believes that its solutions will help immensely, especially in the field of AI.
HyperCycle pointed out that the Defi space is free and well-diversified. Each platform has its niche, and while there is fierce competition in some cases, there is no one master ruling over the smaller platforms. The company decided to offer the users new technology. It will create Layer 0, Layer 1, Layer 2, and Layer 3. Each will have its unique characteristics, and they will help customers in different ways. For example, Layer will have aspects that sit inside the network packets. Moreover, it will operate on that level below any existing siloed blockchains, AIs, and ledgers. This Layer will also have tools enabling customers to accelerate smart contract execution.
According to the HyperCycle team, customers can use Layer 1 as an independent blockchain network. It will allow them to mediate p2p interactions with other customers. Meanwhile, Layer 2 will be able to interoperate very closely with various other blockchains. In some cases, it might interact with another chain as if it’s a sidechain, which might prove beneficial for some users. HyperCycle’s products will enrich the Defi space and offer customers many advantages.
HyperCycle’s utility token is crucial for this platform’s operations. Each machine can initiate any work thanks to the HYPC tokens. The team pointed out that the AI computation node needs to know that it will get payment for the finished work. Thus, the platform embeds the payment in the set of instructions with the inquiry to do the work, and the AI gets the money if the client authorizes it.
However, the HyperCycle platform doesn’t require any fees for the AI compute transactions. The company aims to incentivize customers, and it will use various methods to achieve that goal. Token holders will get many benefits. They will be able to pay for the use of the AI with HYPC tokens. That includes using AI tools and mechanisms. In addition, customers can use BTC, ETH, ADA, or other cryptos to pay for various services. Overall, this project offers interesting ideas and good products. It has strong potential.
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