HYPE Token Launches a Decentralized Application (dApp) for Freezing Tokens

HYPE Token, the world’s first consensus-driven social tokenomics experiment, has launched a decentralized application (dApp) for users to freeze and unfreeze HYPE tokens.

The dApp serves as an easy tool for users to interact with the HYPE token contract, allowing users to seamlessly freeze and unfreeze HYPE tokens.

Users who freeze HYPE tokens will receive daily freezing rewards and be eligible to vote for the upcoming month’s burning and freezing rewards rates.

Burning, a deflationary measurement which permanently destroys a portion of the total transferred amounts as fees, decreases the overall HYPE token supply.

Freezing Rewards, an inflationary measurement which generates new tokens as rewards for freezing, increases the overall HYPE token supply.

Users can vote for these inflationary and deflationary rates on a monthly basis and user voting weights are determined by the amounts and duration of the user’s freezing status.

This free-for-all and open source tokenomics experiment is currently in its initial distribution phase and users can join the experiment by acquiring HYPE tokens for free through official airdrop and giveaway campaigns.

More information about the HYPE experiment and its airdrop campaigns can be found on:

• Website: https://hypetoken.io
• Twitter: https://twitter.com/HYPE_Token