💸HYPER ETH Distribution

For full details on mining specifically, go to Virtual Mining

This page only talks about the ETH that people use to create HYPER miners and what the HYPER protocol does with it.

To mine HYPER, people use ETH + time. The ETH runs through smart contracts in a 3-step manner, as seen below, all used to strengthen the TITANX ecosystem (HYPER included).

Step 1 — ETH Distribution:

• 89% of ETH gets sent to the decentralised Buy TITANX smart contract to buy TITANX off of the market via the WETH/TITANX uniswap v3 pair, the TITANX gets distributed as seen in Step 2

• 8% of ETH gets stored in The Vortex until Vortex triggers via users calling it and it gets put back into the Buy & Burn smart contracts.

• 3% of ETH goes to Genesis of which you should have no expectations whatsoever. This may or may not be used to create deep liquidity between crucial pairs within the HYPER & TITANX ecosystem.

Step 2 — TITANX distribution:

• 70% of TITANX gets sent to the decentralised HYPER Buy & Burn smart contract to buy HYPER off the market via the TITANX/HYPER pair on Uniswap v3 and distributes it according to Step 3

• 10% of TITANX gets stored in The Vortex until Vortex triggers via users calling it and it gets put back into the Buy & Burn smart contracts

• 20% of TITANX bought gets burned forever

Step 3 — HYPER distribution:

• 80% of the HYPER bought with TITANX via TITANX/HYPER gets burned

• 20% gets distributed 50/50 amongst the 2 payout cycles.

This is all done through smart contracts that users call & interact with using their own private keys, there is no central actor, authority, individual, group or company doing any critical work whatsoever. It's completely decentralized, owned & ran by the users interacting with the smart contracts deployed on the globally decentralized network called Ethereum.