HYN (Hyperion) as Large-cap Token is 43rd in the 2100NEWS ranking. The quality of the order book of HYN is Ordinary. The average quality of the order book for large caps members of the NWSL100 index is 14.8. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.
HYN operates on the Ethereum platform. It has been launched in 6 exchanges.
Hyperion as Large-cap Ethereum based Token is 43rd in 2100NEWS ranking (after Index Review of 19th June 2020). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100.
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 13.3, (Average for Large caps: 14.8)
Over the past week, the average market cap was $157.8 million, average daily volume was $7.2 million.
In this section, we will examine how the market, with price changes, evaluates project progress. It seems important to us if the project is outside of the usual tide of crypto project prices. In order to make an appropriate peer comparison, we gauged the HYN (Hyperion) with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, we can see the HYN vs. NWSL100 at the top, the original HYN price in the middle of the chart, and NWSL100 and correlation between HYN and NWSL100 at the bottom. On average (violet area chart), the relationship between HYN to NWSL100 has shown that it was stronger during the recovery rally in April. Over the last four months, it has outperformed NWSL100 by 320%. However, if we compare the HYN green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is strong (Pearsons correlation coefficient = 0.71). For 75% of the time, it was moving in the same direction as the NWSL100. So, it has been an ordinary representative of the NWSL100 index in terms of price changes.
According to Etherscan, There are 13,725 token holders (at the time of this article’s writing).
In mid-June, they launched an economic model 2.0 which, among other things, integrates the internal and external burning mechanism to boost the ecological development. By the end of September of this year, they intend to launch ATLAS chain with new rules, smart contracts, and blockchain technology. They have big plans for the future: they plan to develop Hyperion consortium chain ecology, and such ecology will offer full-scale blockchain services to government, financial institutes and enterprises based on their mainnet. On the software side, they intend to work on the developer ecology. In 2021, they plan to develop a blockchain game based on the Hyperion mainnet.
About Hyperion – what they do
Hyperion, a decentralized map platform, aims to achieve the “One Map” vision – to provide an unified view of global map data and service, and to make it universally accessible just like a public utility for 10B people. Built on the Spatial Consensus Protocol which encloses not just spatial information but also value transfer, Hyperion fundamentally redefines the way we create and consume map services, conforming to our first principles to make maps aggressively open and decentralized.
One Map offers trusted, secure and efficient decentralized map service driven by spatial consensus. The coherent and organic design of technology and social-economic structure will benefit users through crowd-built, crowd-share, and crowd-govern. Hyperion launched three map products based on the core value of “aggressively open” and “decentralized” — Map3, Titan and Atlas Chain.
- Map3 is the first global decentralized service network that supports Hypertext Transfer Protocol Secure (HTTPs). Similar to bitcoin off-chain lightning network, Map3 distributes diversified global map data to business users with high efficiency through open-source service ecology based on decentralized map service protocol.
- Titan is the first consumer-facing decentralized privacy map app based on cryptographic technology, as a demonstration of Map3 network., Titan offers map location search, share and navigation functions, similar to Google and Baidu map. Titan advantages in ultra-privacy protection through four features — cryptographic location share (use secure public key identity), encrypted navigation, burn-up history, and offline map.
- Atlas is a high-performance spatial consensus blockchain that supports world-scale map service based on Elastic Spatial Sharding. It aims to solve spatial service requirements such as map asset transactions and validation, with special features such as censorship resistance, open participation and fault-tolerance. Atlas will empower Hyperion to build decentralized global map economy that serves 10 billion users when built.
Hyperion is based in Singapore. The core team consists of: Issac Zhang, CEO, Eric Huang, COO, Zou Guangxian, CTO and Kai Law, CMO.
Exchanges: Bgogo, Bibox, BiKi, Bilaxy, Binance DEX, Hotbit.
You can follow them: Github Medium Twitter
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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens HYN.