11/09/2020

HyperPay’s Solutions Against BCH Hard Fork

Dear users:   As the Bitcoin Cash community will undergo a hard fork on November 15, 2020 (UTC+8), the local upgrade is expected to fork Bitcoin Cash out of two chains, BCHA (Bitcoin Cash ABC) and BCHN (Bitcoin Cash Node). In order to protect the rights and interests of wallet users to the greatest extent and avoid uncertain risks caused by hard forks, HyperPay now proposes solutions for each business line of the platform described as follows:   1. Deposit and withdrawal HyperPay will suspend the BCH deposit and withdrawal business at 16:00 (UTC+8) on November 12, 2020.   2. Instant Exchange HyperPay will suspend the instant exchange of BCH trading pairs at 16:00 (UTC+8) on November 12, 2020.   3. Asset Snapshot HyperPay plans to take a snapshot of the assets in the BCH account at 16:00 (UTC+8) on November 12, 2020, as the basis for the distribution of forked candy.   4. About BCH fork After the fork is completed, we will refer to the trading prices of the forked currency pairs on major exchanges, select the chain with the higher price to inherit the BCH name, and airdrop the tokens of the other chain to the user account at a 1:1 ratio in the light of the assets snapshot. The new BCH assets will still keep in the user's accounts.   5. Notices 1. After the fork is completed, the re-opening time of deposit of the new BCH and fork tokens will be notified through official announcement. 2. As there are still many uncertainties in the current fork, if either one party decides to abandon the fork, we will respect the wishes of the community and name the final winner BCH.   The solutions above is made based on current market information to ensure the smooth operation of the market to the greatest extent possible. HyperPay reserves the right to make reasonable modifications and adjustments to these solutions.   HyperPay Team November 9, 2020

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10/21/2020

Announcement on the Launch of Filecoin Cloud Mining Power Distribution Plan

Dear users, The Filecoin mainnet was officially launched at 22:45 (UTC+8) on October 15. The Filecoin miner machine deployed by HyperPay wallet is already operating. Hereafter, HyperPay makes the following instructions for the distribution plan of Filecoin cloud mining power. In the latest official economic model of Filecoin, pre-pledge for mining FIL by miners is stipulated. Miners need to provide tokens for pledge before finalizing sectors to ensure that they can complete the committed life cycle of sectors and not harm network security for short-term benefits. At present, the pledge amount of a single sector is about 0.1897FIL. And this pre-pledge is locked, which means that as long as the mining power is increasing, FIL must be continuously "charged" into the mining machine, and cannot be withdrawn before exiting. According to the latest data from filfox.info, the current sector pledge amount is 0.1897 FIL/32GiB, and the basic gas fee is 0.0001 FIL. On the basis of the current data, the increasing the effective mining power of 1T requires two parts of investment, (1) 0.1897*1024/32=6.0704 FIL pre-pledge, which is locked; (2) 0.0001  basic gas fee of FIL. The gas fee is similar to the GAS fee in Ethereum. It changes in real time, belongs to the pure consumption of each operation, and is collected and destroyed by the system. Take the HyperPay Filecoin 6-month filling power product (Permanent) as an example: according to the current FIL price of 30.88 USDT, the total costs (pre-pledge + gas fee) required for each additional 1T of effective mining power is 6.0705*30.88=187.45704 USDT, and the minimum purchase price of one T of Permanent power filled in 6 months is 248 USDT, and the ratio of the sum of pledge and gas fee to the price is 75.59%. The pre-pledge calculation data of HyperPay Filecoin cloud mining power products can be seen in the table below. Note: Calculated based on the current price of FIL being 30.88 USDT.   Pre-pledge and rewards distribution plan after the mainnet launch In order to continuously provide users with more valuable services, we have formulated a pre-pledge plan after the mainnet launch. The main points are as follows: 1. The pre-pledge will be temporarily advanced by HyperPay, but the user’s daily mining rewards will be used to repay the pre-pledge first. Due to the large fluctuation of the current interest rate, the reference interest is about 0.1% per day, and the interest is currently advanced by HyperPay too. When it stabilizes, pricing will be charged. After the expiration of the mining power service, the user can withdraw the tokens for pre-pledge. 2. The Space Race award will be launched first. The Space Race award is 0.002805751 FIL/T per day. The products participating in the Space Race awards include: 7-day Priority, 21-day Promotion, 365-day Floor, 365-day Special, 335-day Floor. 3. Rules for the distribution of Space Race awards: It will be released with 180 antennas of the mainnet, and will be distributed to users every day according to the product validity period (maximum distribution is 180 days). The first distribution time is October 21, 2020 (UTC+8). 4. The initial circulation of FIL is very small, and the price will be in the historical high range and then fall sharply. Whether you are buying at a high level in the secondary market or borrowing at a high interest rate in the lending market (100% annualized interest + pledge liquidation risk), adding FIL pledge to mining at the initial stage will bear a huge risk of FIL price falling losses. For the long-term interests of all users and the platform, we may suspend the finalizing of new mining power for certain periods of time. We will make up for the suspended days by extending the service time. We apologize for any inconvenience caused, thank you for your understanding.   HyperPay Team October 21, 2020

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10/21/2020

The Rewards for "Participate in DeFi Staking to Share 10000USDT" Have Been Distributed

Dear users:   The rewards distribution for "Participate in DeFi Staking (Steady · Principal & Interest Guarantee, Max · Compound Interest) to Share 10000USDT" has now been completed.   "Participate in DeFi Staking to Share 10000USDT" promotion is such a big success, and we have airdropped a total of 10,000 USDT to users who have purchased DeFi Staking (Steady · Principal & Interest Guarantee, Max · Compound Interest) in the wallet according to the snapshot at 21:00 (UTC+8) on October 16, 2020.   Participating users can check the received USDT in your transaction history. Thank you for your support!   HyperPay  October 21, 2020

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10/19/2020

Destruction of HPY for Exchanging Boost Coupons in September 2020

Dear users,   HyperPay officially launched the Boost Coupon function on Dec 27, 2019. Users use HPY tokens to exchange Boost Coupons which can be used to increase the interest income of corresponding investment products.   In order to effectively promote the market circulation and application value of HPY tokens, HyperPay team decided to destroy the HPY obtained from exchanging Boost Coupons. All the HPY obtained in the previous month will be destroyed together this month from time to time. Destruction address is as follows: QT1111111111111111111111111164wEf2.    From September 1 to September 30, 2020, users redeemed a total of 894,000 HPY for Boost Coupons, and HyperPay team has transferred all to the destruction address.   After that, the HPY destruction plan will be carried out monthly. Please pay attention to the official announcement. Thank you for your support!   HyperPay Team

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10/15/2020

HyperPay Arrangement on the Listing and Release of Filecoin (FIL)

Dear users:         According to news from Filecoin (FIL), the Filecoin mainnet will be officially launched at block of 148,888, and the estimated time is October 15, 2020 (UTC+8). In order to further promote the rapid growth and development of the storage sector, HyperPay will support Filecoin (FIL) tokens as soon as the Filecoin mainnet is launched (October 15, 2020). At the same time, HyperPay will close the deposit and withdrawal on the existing FIL6 futures, and users who purchase IPFS cloud mining power will release the liquidity in the way of linearly unlocking every day according to the official block release rate.   Details are as follows: 1. Filecoin (FIL) will support deposit and withdrawal functions as soon as the mainnet is launched. 2. FIL6 will close the deposit, withdrawal and transfer functions at 17:00 (UTC+8) on October 15, 2020. Users are requested to complete the deposit, withdrawal and transfer in time. 3. The existing FIL6 will be converted into FIL tokens, and will be released within 6 months, once a month, one-sixth of each release. The release time is the 25th of each month, and the first release is on November 25.     Please note: Users who hold FIL6 can transfer to CoinW in time. Because FIL6 lock-up time is very long, and the price fluctuates greatly, the investment is quite high. Please judge your investment ability rationally and make prudent decisions before invest. For more FIL mainnet information, please visit: https://filecoin.io/

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10/13/2020

Participate in DeFi Staking to Share 10000USDT

To give back to HyperPay product supporters, HyperPay now opens the “purchase DeFi Staking (there’s two versions: Steady · Principal & Interest Guarantee, Max · Compound Interest) to share 10,000USDT” promotion.   Products: Steady · Principal & Interest Guarantee is a fixed 7-day, annualized 15% to 30%, investment product. The principle and interests are guaranteed. Zero risk and zero handling fee. Max · Compound Interest is a fixed 21-day, annualized 30% to 80%, investment product. The principle is not guaranteed. The investment subjects are carefully selected by HyperPay team and it conducts compound interest investments, so the risk factor is low and the returns are high.   Promotion: Time: 2020.10.13-2020.10.16 Users who purchase DeFi Staking can share 10000USDT based on the user’s total purchase percentage of promotion’s total purchase. Purchase percentage = the user’s total purchase (equivalent to USDT) / all users’ total purchase. Sharing formula: Reward = (the user’s total purchase (equivalent to USDT) / all users’ total purchase)*10000. Reward distribution: Rewards will be distributed to the wallet balance within 3 days after the event ends. Snapshot time: The day of DeFi Staking (Steady · Principal & Interest Guarantee, Max · Compound Interest) fundraising end.   Example: User A purchased 40,000 USDT for DeFi Staking on October 12, and purchased 200 ETH for DeFi Staking on October 13, and all users purchased a total of 4 million USDT for DeFi Staking. As of October 14, the price of ETH referring to CoinW is 373.92 USDT Then the reward for user A is: [(40000+200*373.92)/4000000]*10000=286.96USDT

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09/15/2020

Destruction of HPY for Exchanging Boost Coupons in August 2020

Dear users,   HyperPay officially launched the Boost Coupon function on Dec 27, 2019. Users use HPY tokens to exchange Boost Coupons which can be used to increase the interest income of corresponding investment products.   In order to effectively promote the market circulation and application value of HPY tokens, HyperPay team decided to destroy the HPY obtained from exchanging Boost Coupons. All the HPY obtained in the previous month will be destroyed together this month from time to time. Destruction address is as follows: QT1111111111111111111111111164wEf2.    From August 1 to August 31, 2020, users redeemed a total of 1,087,500 HPY for Boost Coupons, and HyperPay team has transferred all to the destruction address.   After that, the HPY destruction plan will be carried out monthly. Please pay attention to the official announcement. Thank you for your support!   HyperPay Team

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09/14/2020

HyperPay Supports hHC Deposit and Withdrawal

Dear users,   HyperPay officially opens the hHC (ERC20) deposit and withdrawal function at 19:00 (UTC+8) on September 14.   hHC is an ERC20 token that is mapped from PoS currencies through HyperBC at a 1:1 ratio. The value of hHC is consistent with the value of HC.   HyperPay team

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