The Token

Characteristics of our token

Governance currency

Every actor that wants to participate in the governance of the DAO must have a "Reputation," and the only way to build it up is by being paid in HyperNest Native tokens (or the temporary token NEST). Reputation is necessary within the colony to support Motions (proposals). The Reputation determines the voting power, not directly the number of tokens owned.

Benefits for Holders

The startups taking part in the accelerator will hold $HYPEN tokens. Therefore, they have an interest in the token utility and its broader success. For this reason, the startups will grant exclusive benefits to the $HYPEN holders. Eg. A better APY for farming in a DEFI Dapp