⭐️ HyperDAO ⭐️ 🔥 Decentralized Financial Services Ecosystem 🔥

[Commadante2]

What do you think constitute a difference between you and other projects out there like MakerDao?

[futterlod]

Have you worked previously collection funds? If I understand correctly this project has been around the space for at least three years and now it is concentrating on new endeavors.

[Albam Jorden]

The project is very interesting, but the question is if alts will be able to recover.

[kelley87]

You plan to be a full DAO (Decentralized Autonomous System), but short term you plan to do a gradual transition. What are the main obstacles you are more likely to find to achieve a fully autonomous system?
Fully decentralised autonomous organizations cannot meet compliance requirements either, and investors sometimes become victims of scams due to exploited loopholes found in DAOs. Therefore, HyperDAO believes a gradual transition programme from a traditional centralized business model to a decentralised model will help to resolve current difficulties while also overcoming obstacles HyperDAO will meet along the way. HyperDAO believes that given the current needs of the market, now is a good time to begin building the foundation of decentralized financial services platform that can provide our community and partners with more ways to reap the benefits of decentralised finance.

[Bushadamfus]

I think the idea of creating a stable coin tied to different fiat currencies is amazing! We need room for more diversity. Would you consider other fiat currencies in the near future?

[HyperDAO Official]

I think the idea of creating a stable coin tied to different fiat currencies is amazing! We need room for more diversity. Would you consider other fiat currencies in the near future?

At the moment we are concentrated in delivering a stable coin in the three main world currencies, USD, Euro and Yuan. Nonetheless we are aware of the high interest about blockchain that exist in other regions, like Latin America, for example. As the market matures we will consider other currencies.

[Vienure]

Decentralized Financial Services Ecosystem.

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WEBSITE | WHITEPAPER | TWITTER  | MEDIUM  | FACEBOOK  | REDDIT  | WEIBO  |

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ABOUT HyperDAO :

HyperDAO is committed to creating an efficient, transparent and achievable autonomous digital asset financial ecosystem that serves as a one-stop platform for all your financial needs. HyperDAO will gradually transform its existing centralized business model into one that is decentralized and governed by our community members. By implementing the concepts of decentralization and community governance, HyperDAO will take a step towards a truly decentralized society, one in which decision-making processes are both transparent and autonomous. All members of the HyperDAO ecosystem will be witnesses and contributors to the evolution towards full decentralization.

               

WEBSITE | WHITEPAPER | TWITTER  | MEDIUM  | FACEBOOK  | REDDIT  | WEIBO  |

Some people may want to collaterise their crypto accepts to obtain some fiat. But what happens if yours coins start losing value? Maybe Bitcoin is “kind of stable”, but we have seen a long bear market in alts, and it is difficult to collaterise something that continuously is losing its value.

[Alfredbolk]

Seems that HyperDAO is doing partnerships with the right projects. So far I count Perlin and Polkadot. Maybe in the future you can share information about the nature of these partnerships

[HyperDAO Official]

Seems that HyperDAO is doing partnerships with the right projects. So far I count Perlin and Polkadot. Maybe in the future you can share information about the nature of these partnerships

In the near future we will disclose information about the nature of these partnerships. Indeed they have the intention to be beneficial for both parties.

[HyperDAO Official]

Could you please elaborate about the stabilization mechanism for your stable coin?

You can find this information in our whitepaper.

[Rudibert]

I am really intrigue about the second reason that can trigger your shutting down protocol, “long term market irrationality”. I have a kind of a feeling about what you mean, but isn’t the crypto market irrational in some way or another?

[HyperDAO Official]

I am really intrigue about the second reason that can trigger your shutting down protocol, “long term market irrationality”. I have a kind of a feeling about what you mean, but isn’t the crypto market irrational in some way or another?

The cryptocurrencies markets have in general more volatility that traditional markets, although BTC and other top cryptocurrencies, like ETH, have become more stable as the market becomes progressively bigger. Nonetheless we have seen that the market is vulnerable and usually reacts negatively to news, attacks, etc. We want to protect our users’ interests by having a shutdown protocol that is activated by hyperDAO community members if they consider it is necessary given the market conditions.

[Albam Jorden]

If HyperDAO envisions to be a decentralized institutional autonomous governance control, what protocol will use to achieve this goal?

[Bushadamfus]

What are you doing to spread HyperDAO awareness?I think you should notunderestimating how important comments and posts are on reddit and the creation of a community there.

[HyperDAO Official]

What happens if we make an incorrect prediction about future prices movements of a particular cryptocurrency in your platform? I understand that users are incentivized for correct predicts, but if the opposite happens will they incur in some form of punishment or lose tokens? So basically the question is if it would be necessary to stake tokens in order to make a prediction…

Yes, you are right. In order to participate in a poll, users must deposit Hdao tokens into the poll smart contract to be registered as poll tickets. After the poll has ended, participants who chose the correct answer will share the prize pool made up of all the tickets submitted to the pool. As you can imagine users who answer incorrectly will forfeit their deposited Hdao tokens. We really want to encourage participants to conduct research prior to participation and reward them for making well-informed decisions. Of course these polls will form an index of the market sentiments of the cryptocurrency market.

[HyperDAO Official]

Knowing that Polkadot is one of the most solids projects out there, I am wondering what is the nature of Polkadot and HyperDao partnership?

Soon we will give more details about this partnership and how it would be beneficial for both parties.

[Oxherder]

I am aware that this project, among many other services, will provide custody services. What type of wallets will you offer?

[HyperDAO Official]

We need transparence in the crypto space!! We, as investors, have been totally annihilated!! Sometimes it has been following the hype and investing in projects which have proved not to be accountable about anything. An intermediary between the projects and the investors to guarantee not only the timely distribution of the tokens but also transparency and correct use of the funds is highly needed whether the project is successful or not in the long run!!

We totally agree with you, and as the market matures investors will demand more transparency and accountability on the projects in which they have invested. We are moving away from blind speculation into adoption. That means more regulations, transparency and responsibilities.

[HyperDAO Official]

Are you doing the crowdfunding for LIBRA?

We indeed are helping LIBRA to hold its crowdfunding round.

[HyperDAO Official]

What are you doing to spread HyperDAO awareness?I think you should notunderestimating how important comments and posts are on reddit and the creation of a community there.

We definitely agree that we need to be more active in that sense. And we will be working to stay closer to our community.