Bitcoin Hyper is bringing a Layer-2 solution that’s all about making the Bitcoin user experience much better. The project has recently finished its presale, raising $1.7 million to bring the project to development and launch. Focused on improving some of Bitcoin’s existing restrictions, Bitcoin Hyper brings high-speed capabilities using its Layer-2 technology.
Bitcoin Hyper’s Layer-2 solution runs on top of Bitcoin’s main network. It utilizes zero-knowledge (ZK) proofs to guarantee the correctness of Layer-2 transactions. This solution enables quicker, cheaper transactions without compromising on the security or transparency of the Bitcoin blockchain.
Development and Token Allocation
Bitcoin Hyper has set aside 48 percent of its total token supply to fund development and community-building efforts. Based on information from the project’s white paper, 30% of the total token supply is allocated to develop. This allocation will be used to continue improving what’s currently available in the Bitcoin Hyper ecosystem and add new features.
The extra 25% of the tokens are set aside for treasury grants. We can’t wait to see the innovative projects and initiatives that these grants will make possible. Their goal is to support the development and usage of Bitcoin Hyper. We reserve 20% of the tokens to fund ongoing marketing and promotional activities. This strategy is all about increasing awareness and attracting new users to the platform.
Community engagement is another foundational principle, with 15% of the tokens reserved for community-driven rewards. These rewards will go a long way towards meaningful incentivization of other community members to participate and contribute with purpose. The final 10% of the tokens are reserved for exchange listings to ensure even greater access to the $HYPER token.
Tokenomics and Availability
The total supply of Bitcoin Hyper tokens ($HYPER) is limited to 21 billion. At the time of writing, 1 $HYPER token is worth $0.012075. The price is set to go up in just one day, as the project’s site indicates.
With the technology behind Bitcoin Hyper, the team suggests Best Wallet for storing $HYPER tokens. At the time of writing, the $HYPER token is found under the “Upcoming Tokens” section on Best Wallet. Our goal with this integration is to offer our users a safe and easy-to-use platform for storing and transacting with their $HYPER.
Enhancing Bitcoin's Functionality
Bitcoin Hyper's Layer-2 solution represents an effort to enhance Bitcoin's functionality and user experience. The initiative’s ultimate goal is to resolve existing scalability and transaction speed constraints. It achieves this by taking advantage of zero-knowledge proofs and instituting a focused token distribution model. The impressive presale is just a sign of the Serengeti project’s commitment to building. This purposeful allocation of tokens further highlights FIRE’s commitment to prioritizing community involvement and adoption at scale.
