Hype Docs 🚀

Welcome to Hype! The platform where social fame meets the blockchain, and you can bet on who's hot — or who's about to be. Here, every token is linked to a real social media account, and every rise (or fall) in hype can be your ticket to success. So, are you ready to mint the future of social clout? Let's break it down!

Quick Overview 🔍

What Is Hype, Really?

It's simple: you create, mint, and burn unique tokens tied to real-world social media accounts. Think Elon Musk, your favorite meme page, or even that one viral cat everyone's talking about — all represented by their own tokens. The more hype they get, the more token is minted, the more value these tokens accrue. It's speculation meets popularity — on steroids (figuratively speaking, of course).

Who Is Hype For?

Hype is built for Solana Degens — the risk-takers, the trend-chasers, the early birds who don't just catch the worm but flip it for profit. If you believe you can spot the next big thing before everyone else, you're in the right place.

Diving Into Token Madness 🔥

Unique Tokens for Unique Socials

Every token is a one-of-a-kind creation linked to a specific social media account. You got:

  • Donald Trump Token Its own market

  • Elon Musk Token Separate game, separate price

  • Your Favorite Instagram Influencer Token Yep, you guessed it — unique

There's no generic "base token" here. Everything revolves around individual social clout, tracked on Solana explorers like SolScan or SolanaFM.

Creating a Token 🛠️

Want to bring someone's hype to Hype? Just create their token! You don't even need to own the social account. We're all about capturing fame, not gatekeeping it. Supported platforms include Twitter, Telegram, Instagram, and Facebook. Once we confirm the account exists (up to 20 seconds), we pull in the key details like name, username, and avatar.

Minting Tokens 💸

To mint a token, all you need is USDC and a bit SOL for commisions. The earlier you mint, the cheaper it is (thanks to our spicy price curve). Ride the wave of hype, or HODL and see what happens — it’s your call.

Burning Tokens 🔥

Done with the hype? Captured 1,000x? Burn your tokens and cash out in USDC. Easy peasy. Anytime.

How Pricing Works 💵

Welcome to the juiciest part of Hype: token pricing! It might look like math, but stick with us — it's all about making your decisions count and showing why being early to mint tokens can be a big win.

The Basics in Non-Mathy Words

When you mint tokens, you’re buying into a pool with a price that rises as more tokens are minted. It starts off cheap, but as more tokens flood in, the cost climbs. This incentivizes early adoption the most (later as well thanks to constant bonding curve) and speculation. Imagine a limited-edition sneaker drop — the first pairs are cheap, but as demand goes wild, prices soar. That’s basically how we roll here (minus the actual shoes).

Key Formulas for Pricing

Here’s how everything ties together:

  • R: Total reserve in USDC.

  • M: Maximum supply (fixed at 10,000).

  • I: Initial price per token (0.1 USDC).

  • S: Current supply of tokens. The formula ensures that the price increases as the supply grows.

The USDC reserve grows as more tokens are minted.

This allows us to calculate how many tokens can be minted based on the reserve balance.

Real Example with a Graph 📈

Token Price vs USDC Reserve

The graph above shows how token prices change as more tokens are minted. The same mechanism works for burning tokens but vice versa of course:

  • Red dashed line indicates the initial reserve of 1,000 USDC, with a price of 0.49 USDC for minting the next token.

  • Green dashed line shows the supply after adding an additional 5,000 USDC. The token price jumps to about 4.90 USDC.

Market Cap vs USDC Reserve

This graph illustrates how the market capitalization grows as the USDC reserve increases under the constant bonding curve model.

  • Red dashed line indicates the initial reserve of 1,000 USDC, with the approximate market cap of 5,555 USDC.

  • Green dashed line shows the supply after adding an additional 5,000 USDC, with the approximate market cap of 22,727 USDC.

What This Means for You

  1. Start Smart Minting early often secures tokens at lower prices, maximizing potential gains as supply grows. However, thanks to the mechanics of the constant bonding curve, latecomers can also benefit from price increases. Whether you’re early or late, the key is understanding the system and aligning your investments wisely. As always, Do Your Own Research before investing to make informed decisions.

  2. Proportional Price Growth The market cap grows steadily alongside the USDC reserve.

  3. Speculative Potential As more people mint, the cost to get in increases, boosting the value of tokens you already hold.

NOTE: DYOR, DYOR and DYOR again! We do not provide any investment or consulting advice and this doc should not be intended as advice of any kind.

Use Case: Riding the Hype Wave 🌊

Let's put all this theory into a juicy, real-world example. Meet Alex, a savvy Hype user who wants to bet on the rising popularity of a trending social media star. Here's how Alex turns 1,000 USDC into a potential fortune:

Step 1: Minting Early 🚀

  • Alex created the token linked to the star’s Twitter. And minted the initial tokens for 1,000 USDC when the total token supply is 0 (that’s simplified. To be 100% clear, you mint at least 1 token on the creation step so that the initial supply is always 1 or more tokens).

  • Using the bonding curve formula, Alex mints 5,000 tokens.

Step 2: Watching the Hype Grow 📈

As the trend gains traction, more users mint tokens, increasing the reserve and the token price.

  1. When Reserve Reaches 10,000 USDC:

    • Total supply grows to 9,091 tokens.

    • The price rises to 12.1 USDC.

    • 1,000 USDC becomes 9,308 USDC (9.3x)

  2. When Reserve Reaches 50,000 USDC:

    • Total supply approaches the cap at 9,804 tokens.

    • The price rises to 260.1 USDC.

    • 1,000 USDC becomes 49,076 USDC (49x)

  3. When Reserve Reaches 200,000 USDC:

    • Total supply reaches 9,950 tokens.

    • The price rises to 4,040.1 USDC.

    • 1,000 USDC becomes 199,019 USDC (199x)

  4. When Reserve Reaches 500,000 USDC:

    • The total supply skyrockets to 9,980 tokens.

    • The price rises to 25,100 USDC.

    • 1,000 USDC becomes 499,008 USDC (499x)

Important Note: While Alex's story sounds amazing, it's essential to remember that not everyone will achieve such multipliers. The value of tokens depends on overall demand and speculation from other users. There's always a risk involved, and you could also lose money if the hype doesn't grow as expected. Invest wisely and only risk what you can afford to lose.

Staying Safe Out There 🛡️

At Hype, we know that diving into the crypto ocean can feel like navigating shark-infested waters. That’s why we’ve built our platform with top-notch security measures to keep your assets safe and sound. Here’s how we ensure your Hype journey is as secure as it is exciting:

Fort Knox-Level Smart Contracts 🔒

Our smart contract is the backbone of Hype, meticulously crafted to handle token creation, minting, and burning without a hitch. Here’s what makes it rock solid:

  • Professional Audits The smart contract has been reviewed by top-notch devs and now we’re exploring leading blockchain security firms to extra audit our smart contracts. Stay tuned with our announcements!

  • Continuous Monitoring 24/7 surveillance for suspicious activities.

  • Immutable Code Once we’re licensed by the leading auditors, our smart contracts can’t be tampered with. This immutability ensures that the rules of the game stay fair and transparent for everyone.

Bulletproof Wallet Integrations 🔐

Your wallets are gateways to your digital assets, and we’ve made sure they’re secure:

  • Trusted Wallets Supported We support Solflare, Phantom, and OKX Wallet — all renowned for their security features.

  • Secure Connections Interactions with your wallet are encrypted and secure, ensuring your private keys never leave your device.

Anti-Fraud Measures 🛡️

We’ve implemented multiple layers of protection to keep fraudsters at bay:

  • Account Verification We verify the existence of social media accounts when creating the tokens. No duplicate tokens for you!

  • Transaction Monitoring Advanced algorithms monitor all transactions for suspicious patterns, flagging and halting any potential fraud attempts.

Bug Bounties and Community Vigilance 🐛

We rely on our community to help keep Hype safe:

  • Bug Bounty Programs We offer rewards for anyone who discovers and reports vulnerabilities in our platform. It’s a win-win: you help us stay secure, and you get rewarded for your efforts!

  • Active Community Our community members are our first line of defense. We encourage everyone to stay vigilant and report any suspicious activities they encounter.

Final Thoughts

At Hype, your security is non-negotiable. We’ve poured our hearts into building a platform that’s not only fun and innovative but also safe and trustworthy. So, mint away with confidence, knowing that Hype has your back every step of the way!

Quick How-To Guide ⚡

  1. Create a Token

    • Enter the social media handle of your target account.

    • Let our system do their thing — we’ll verify the account exists.

    • Input Tokens amount you’d like to mint and pay the creation fee.

    • You’ve created a token and the initial supply is yours. Now you (or anyone else) can start minting over the initial supply.

  2. Mint Tokens

    • Deposit USDC.

    • Pay a dusty SOL fee and 1% commission.

    • Watch price climb with minting activity

  3. Burn Tokens

    • Burn tokens anytime.

    • Collect USDC in return.

    • 1% burning commission applies

Last updated