HYN is a utility ERC-20 token that was created to fuel and develop the Hyperion ecosystem. It was introduced to make settlements between the members of the community easier.
Hyperion is the biggest decentralized map ecosystem in the world that aims to create One Map solution through decentralized technology offering such features as map search, location share, navigation, etc.
Hyperion blockchain ecosystem presents a new open map architecture which is founded on a widely adopted map technology and advancements of blockchain technology. The Hong Kong-based team of developers has created a new transformative ecosystem to address the needs of 10 billion people using 100 billion devices, as stated on their website.
The idea to decentralize the map economy came to the founders of Hyperion in 2013. Dr.Isaac Zhang decided to find a blockchain-powered solution of global open mapping crowdsourced by people, for people.
To achieve the goal, Mapxus (Maphive Technology Limited) was founded in 2016. The project has turned into the biggest open mapping platform in the world which serves the needs of different industries. It can easily resolve tasks in such spheres as medicine, commerce, tourism, etc. It is also very helpful for the government.
The company saw the potential in the emerging token economy, so the decision was made to design global consensus-driven protocol, equip it with a reliable, social-economic structure for stimulation of open mapping in a self-governed and self-sustained manner. This is how Hyperion was created.
The goal of the project
Hundreds of different companies track and sell information about users’ real-time location. At this, the consequences of privacy leakage can bring to horrible, irreplaceable losses. Therefore, a decentralized map model, which values every user, is so important.
The main goal of the team working over the project is to create a solid infrastructure that will tackle the cross-industry solution by One Map vision. Being based on spatial consensus, it permits any user to build, own, and govern data. This is a cost-effective and efficient technology that protects the privacy of users.
One Map service offered by the company is driven by spatial consensus. The platform has released three products that became the core of the ecosystem: Map3, Titan, and Atlas Chain.
Map3 is the first decentralized service network that supports HTTPS. It can distribute global map data to business users efficiently via the service based on decentralized map service protocol. Titan is the first decentralized privacy map.
The blockchain called Atlas chain runs smart contracts for different decentralized map services after the launch of the mainnet that is appointed for December 2020. Atlas chain is the first decentralized spatial protocol supporting 2B and 2C world-scale blockchain-based map services.
The economic model created by the team is supported by a technical framework based on 3-tier architecture. The decentralized system employed by the platform adopted PoH (proof of hybrid) mechanism that was founded on the structure involving PoW/PoS hybrid consensus.
Hyperion ecosystem offers an integrated design of technology for any person. It’s affordable for all as any user can enter the Map3 network run as a node for service hosting. It’s enough to have a computer to join the network that receives a trillion of map requests per day. Each node of the service can handle a million requests, while those who simply run the node at home get the opportunity to earn extra income.
Map3 network consists of core and edge layers which are distributed into two layers. A core node requires 60G hard disk recording map data, while the edge node only receives data requests and transfers data from the core node sending it on a p2p basis to end-users. The latter is a service node. It is advised to join the network for common users as a service node. At the moment of writing, 108 nodes are employed in the decentralized map network Map3 that serve more than 2.7 million requests globally.
The creation of a map and location ecosystem will enable the company to use it for a future smart city such as autonomous driving, AI, IoT relying on accurate, real-time location data.
HYN is a utility token that is used to provide the economic incentives which are awarded to encourage the participants to perform certain tasks for the community.
The maximal capitalization of the cryptocurrency is 10 billion HYN. During the initial token distribution 35% is allocated to sales, 16% to founders and team, 15% to community and marketing needs, 8% is given out to the global developer program, and 26% to the foundation reserve.
You can buy HYN on such trading platforms as Binance DEX, Bibox, Bilaxy, Hotbit, Coinbase, and others. It’s possible to store the cryptocurrency on any wallet that supports Ethereum. The most reliable ones are hardware wallets Ledger Nano S and Trezor One. You can also use MyEtherWallet like any ERC-20 wallet to keep your HYN safe. Hyperion also launched an upgraded version of the Titan wallet to store HYN and manage cross-chain crypto funds conveniently.
Hyperion team and partners
The co-founder and CEO of Hyperion Hyperion Kai Law is a former COO of liuxuebao.com. He received a Master’s Degree in Media and Culture from the University of Loughborough and a Master's degree in Film and Business Management from Cardiff University.
Eric Huang, COO, was previously a co-founder and CTO of Mobvista. He has a Bachelor's degree in Electrical and Electronics Engineering and a Master’s degree in computer science.
Guangxian Zou, CTO, was CTO of Guangzhou AiPai Network Technology and took the position of Senior Software Engineer in NetEase. He has a Master's degree in Electromagnetic Field and Microwave Technology.
Isaac Zhang is a chief architect of the platform, the co-founder and CTO of Maxus, the biggest indoor mapping platform in the world. He received Ph.D. on localization (Computer Science) at the University of Nottingham.
The members of the team have a top technical background of FAANG’s and Ethereum-level blockchain technology knowledge.
The company announced a mutual partnership with Harmony, the decentralized platform for scaling consensus. Also, it cooperates with Lik On Security Limited, which is a subsidiary of SHKP, Hong Kong-based corporation that develops premium quality residential projects and invests heavily in the city infrastructure.