Hyperion focuses on building a decentralized economy on the map services. Per Medium, the market potential for these services is very huge. Reportedly, there are more than 1 trillion call to map services every day from across the globe.
Further, it has been stated that the industry is moving from the map services to a pervasive location economy. The infrastructure of maps are very important as it is important for IOT and a lot of self-driving cars. Ubiquitous maps are crucial for Location Based Blockchain Service.
The Hyperion Economic Model v2.0 was recently released. In Hyperion Economic Model v1.0, can be best understood by learning the structure of Titan, Map3 and Atlas. Further, it is important for the users to understand how to participate in the Hyperion map ecosystem by micro-staking, re-staking, and further benefiting from the map data service rewards and also the Atlas blockchain and related block rewards.
The static and dynamic structures are embedded in the model. The Token Burning Model has been brought in. It further encourages the token holders to be the leader of communities and also attracts more of new users to host the Map3 and Atlas nodes. This eventually helps building a decentralized economy on the map services.
Hyperion tweeted: “We are very excited to release our economic model 2.0 In #Hyperion Economic Model v2.0, Static and Dynamic Structures are embeded and brand-new Token Burning Model is brought in. Together, can build a decentralized economy on map services.”
Hyperion (HYN) Ecosystem
The important components of the Hyperion ecosystem are Atlas, Map3, and Titan. Atlas is the contributing blockchain of the ecosystem. Map3 is the decentralized map service network which is built on the community nodes facilitating map data. Titan is a mobile app, which is meant to provide public access to Map3 services and also facilitating Atlas-enabled features like the wallets and transactions.
HYN are working with long term design goals. They are focusing on ensuring effective governance where the decentralized community functions as the backbone of the ecosystem. Further, a shared map economy provides a sustainable incentive for the stake holders.
The PoH paradigm by way of the static and dynamic structure facilitating the Token Burning Model contributes to the change in the demand-supply dynamics.
The dynamic structure makes it possible for Map3 network with several micro-staking participants to contribute to horizontal scaling with time by incentivized Map3 nodes.
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