✍️Step 1 - Buy TITANX (ETH)

97% of the ETH that gets used to create virtual miners for HYPER gets sent to the Buy TITANX smart contract.

This contract can be used by any builder on top of HYPER (send ETH to the smart contract).

The HYPER Buy & Burn smart contract can receive ETH or WETH and/or TITANX.

  • if it receives ETH, it will automatically wrap it to WETH for you and it becomes available for users to call the BuyAndBurn function on.

  • if it receives WETH, it doesn't need to wrap it and can be used to buy and burn instantly.

  • if it receives TITANX, it uses it to buy & burn HYPER

So, if you're a project building on top of HYPER and want to implement a buy and burn that buys TITANX off of the market & then uses that TITANX to buy HYPER & burn it, you can send a portion of the ETH protocol fee to our buy & burn contract and it will take care of everything else.

No need to build your own buy & burn smart contract.

More details on the steps & percentages here: HYPER ETH Distribution

Notes on user incentives:

Users get 0.33% of the ETH in "Distribute ETH" as an incentive for calling the smart contract function to distribute the ETH between payouts, buy and burn and burn pool.

Same 0.33% incentive reward applies to calling the buy & burn function that will buy TITANX off of the market through the uniswap v3 WETH/TITANX pair and use that TITANX to buy HYPER (via TITANX/HYPER) and burn it.

Both can be done inside of the Hyper dApp.

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