COLLABORATION AND TRUST WILL FORM THE BASIS OF ANY CURRENCY
HYPSO is a decentralized rewards and recommendation platform that incentivizes and beneﬁts all involved parties — users, third-party developers and the core team. The name HYPSO is an acronym for “best friends forever.”
HYPSO is an collaborative ecosystem, which means that most of its source code will be made open source and available for audit, improvement and usage by anyone.
This white paper outlines HYPSO ’s fundamental principles, structure and its economic and usage aspects for involved parties.
It seeks to put forth the implementation to bring back people’s lost trust on digital interactions through recommendations and use of digital tokens known as “ HYPSO ”. It also covers the long term importance of this platform built on blockchain and is not yet another project following “decentralize it while it’s hot” approach.
The information in this document is subject to change or update without notice and should not be
construed as a commitment by the organization. This document is for informational purposes only and
does not constitute an offer or solicitation to sell shares or securities in“: or any related or
associated company. Any such offer or solicitation will be made only by means of a conﬁdential
offering memorandum and in accordance with the terms of all applicable securities and other laws.
This version of the HYPSO whitepaper is currently a working draft- with the purpose of introducing the idea and receiving feedback from the blockchaIn community. If you want to contribute by leaving your comment or review write to xdale
Table of Contents
— Vision & Mission
— HYPSO Platform Vision
— Introduction and Problems
What is HYPSO Platform
— Role of AI and Machine Intelligence
— Trust Score
— HYPSO ERC20Tokens
- Token Economics
How will HYPSO Work
— User Flow
— User Identity and Token Wallet
— Token Distribution
— Roadmap & Goal Setting: Research, Governance, Development
Who is behind HYPSO
— Core Team
— Inner Circle
— Early Adopters
— Advisory Board
— Partners and Agencies
— Legal and Terms
Why HYPSO Should Be Built?
The digital connections on the Internet are broken. Social media and emerging mobile technologies have forever changed the landscape of human interaction. If you read business books and work in management functions, you’ve undoubtedly been told about the power of networking — handing out
your business card at social luncheons, showing up at key events, and promoting yourself. But just because that’s a widely accepted practice doesn’t mean it’s an effective one. It’s smarmy and manipulative, and usually pretty transparent and we all know it. We live in a world in which more people are connected than ever before but the need is to stay real instead, and build friendships.
The current business paradigm isn’t about digital — it’s about connection.
As connected as we are now, there is still a fundamental disconnect between people and the companies that attempt to reach them through these technologies. We may one day reach a point where true
conversations can happen between man and machine, but for now it is still up to the people, the marketers and brand ambassadors of the world, to drive this human connection. As much we want to value and nurture our relationships, as difﬁcult as it gets. Likes, comments, follow and shares is how we manage our relationships now. However real relationships are built on value exchange. We are experiencing the rise of real “connection economy”. The economy rewards value created by building relationships and fostering connections rather than assets and stuff , like the industrial economy.
A decentralized network of friends of friends that get instantly connected as per need.
Democratize the access to trust-worthy contacts and reward reputation.
“ HYPSO dApp will enable people to ask and refer contacts from their phonebook pseudo anonymously, initiate a direct conversation, and get rewards for their contribution on the network”
About HYPSO DAPP
is an open source decentralized application that will encourage social and economic interaction between people all over the world. HYPSO will be a protocol for the connection economy that will reward and transact via crypto tokens. We propose the HYPSO tokens to linchpin the application.
Built for real conversation
With 140 characters at your disposal to ask a question to get a recommendation from your friend in the form of a contact, place, or link.
You’re a person, not a product
HYPSO is not a commercial network. No advertising, no data mining, no walled gardens. There is no central authority.
A more humane approach
Learning from failures of other networks, HYPSO aims to make ethical design choices to combat the misuse of social media.
Recommendations and contacts mapped as per question intent
This will be general purpose cryptocurrency for use in everyday digital services such as chat, social media, and payments. It will be interoperable with other digital services. It will be implemented on the public Ethereum blockchain as an ERC20 token.
Why ERC20: The ERC20 token interface allows for the deployment of a standard token that is compatible With the existing
infrastructure of the E thereum ecosystem, such as development tools, wallets, and exchanges. E thereum’s ability to deploy
Turing-complete trust/ess smart contracts enables comp/ex issuance rules for cryptocurrencies, digital ﬁnancial contracts,
and automated incentive structures. These advanced features and active ecosystem make E thereum a natural ﬁt for HYPSO
It’s a cluttered world of information and any audience we might want to target is buried today in an avalanche of messages. There’s channel explosion — in the new economy there aren’t just three TV networks, one mailbox and one telephone per house anymore. The remote control — it’s not just for TV
anymore. Customers ﬁnally have the remote control, they know how to use it — and they’re not afraid to use it. We’ve reached a point in our evolution as human beings where differentiation matters more than ever because mass marketing no longer cuts it. When we’ve standardized everything to the point that the main differentiator is price, then it’s a race to the bottom.
Our declining attention span, has changed the rules for marketing — mass marketing is gone and we’re seeing the end of the industrial era, when the focus of business was once on standardizing production, achieving economies of scale, using interchangeable parts (and people) and serving the middle of the bell curve. We’re now transitioning into “the connection economy” in which value is created by the connections we make. Brand and marketers are now trying to build personalized relationships with customers at scale and our privacy is getting compromised for our increased need of convenience and relevance. Humans understand the power of algorithms that track them to offer more & more personalization, hence humans increasingly depend on recommendations from real people because
algorithms reduce trust on what we see on the internet. So, in the abundant digital world, what’s scarce?
Where is the economy? It’s in connection.
14% OF PEOPLE TRUST ADS 78% OF PEOPLE TRUST RECOMMENDATIONS
Who trusts you? Who wants to hear from you? Who will collaborate and support and engage with you?
These are things that don’t scale to inﬁnity. These are precious resources that remains peer to peer.
That’s the analysis that informs the connection economy — is it worth interrupting this person? Is my next action going to build a relationship or take from it? Am I earning trust or burning trust? In the connection economy, we reward art and innovation and things worth talking about. We seek out
transparency and generosity and the long-term. Sure, there are still people who will proﬁt in the short-run by burning the assets they’ve got, but as we get ever more connected, that’s just not going to scale.
This paper details out the technical and economical implications of a protocol of connections with consensus mechanism as per proof of work, proof of stake on decentralized Smart Contract Architecture that operates on the Ethereum Virtual Machine. We propose a solution to the digital
connections (think friends/ connections on social media) centralized problem by using a Ether Token
( HYPSO ) for rewards and transactions.
In summary, this paper argues how the HYPSO DApp is a required solution and how the value of the proposed HYPSO token will grow as more and more people adopt it.
Problem with existing “connection based” Social Networks
Social interaction has taught us that a person’s past reputation is often a good proxy to judge the quality of their future work, however, this is not always accurate. This type of resultant branding based on reputation does not determine the true quality since the work produced by humans are inconsistent and often suffers with the “double spending” problem in digital media. Other parties try to grab the limited human attention span in the form of advertisements, spam & trolling due to the reliance on a
reputation based system. Furthermore, what happens when these votes are replaced by a form of currency? The reputation of people now become valuable. None of the existing social networks provide a highly generalizable foundation for the dissemination of reputational events across broad application domains. In the “connection economy” Social Networks were basically for getting connected to people
and everything else is algorithm that plays with the attention of users. In a nutshell the existing digital
connections problems are:
1. Some social networks try to determine the desirability and reliability of an individual by number of followers, likes or upvotes. When extreme downvotes are received the content is often censored. The problem in this scenario is sybil attack i.e. the power to upvote can be easily replicated using bots and sock-puppet accounts. A proof-of-work blockchain offers a solution to this as described in the hashcash protocol. The stake of tokens earned through proof-of-work then represents an identity reputation. The premise of this representation is that an individual identity is indistinguishable from multiple identities encapsulated as one. Rather than trying to solve it, the system assumes it.
2. Reputation is not an accurate enough measurement of content quality due to human inconsistency and thus, ﬁnding a solution that depends on the character or attributes of the content creator is unrealistic. In addition to that, the quality of the content or claim is subjective.
What is an advertisement to some, could be useful/ desirable information for others. Therefore,
(a) The social graph helps avoid advertisements (selectively following someone helps keep the ads out) but can allow paid advertisements. The threshold is fully tweakable, where user decides the amount of advertisements they want to see. (b) Paying, instead of voting, can help determine the accurate quality of content. However, this only works to avoid sybil attack if the payment is made using a PoW token.
3. Trolling is an identity deception and hence not absolute. Since users pay for consuming content, invaluable and troll comments that do not add to the discussion will not get any payments and will run out of money.
The “End User Connection” Platform of the Future
The survival of any organization depends on its ability to outperform competitors and marketplaces in attracting and rewarding talent, ideas and capital. As communication and transaction costs have drastically declined because of the internet, new platforms have emerged, delivering goods and services at a speed and efﬁciency previously unimaginable. These new digital players took advantage of the changes in the underlying technology to challenge established business models and rethink pre-existing value chains. The ones that succeeded did so because they achieved a level of efﬁciency that their brick and mortar counterparts had trouble replicating. Through online reputation and feedback systems, digital players were able to create global marketplaces where individuals, products and services could be matched more effectively than ever before. By providing curation and ensuring the safety of transactions, these new types of intermediaries were able to reap the returns of this ﬁrst wave of digitization.
A similar transformation is about to happen as blockchain technology and cryptocurrencies mature and mainstream applications emerge. Under this new wave of technological change, intermediaries will still be able to add value to transactions, but the nature of intermediation will fundamentally change.
Whereas some established players will be able to use this opportunity to further scale their operations, others will be challenged by new entrants proposing entirely new approaches to value creation and value capture.
Our idea is simple: in the current state of the crypto market it is still possible to make money out of thin air for a while using speculative approach to ensure token value, but it cannot serve as a long-term sustainable business model. The bubble will pop someday. To cover our expenses and fulﬁll our
obligations to customers, partners and employees we have to earn money. In contrast to the critics of centralized social networks, we do not completely agree that the advertising business model is “broken”. It is unequal to the user and it can be signiﬁcantly improved with the implementation of a
crypto economy, and money can be equally distributed to increase the value of HYPSO tokens.
We are not trying to ﬁnd a substitution for the advertising model; we converge it with fair treatment of
users on the HYPSO network.
Complementing Artiﬁcial Intelligence with Human Intelligence
Rising complexity and interdependence between organizations, combined with the increased specialization needed to advance the technological frontier, have made human abilities a key bottleneck in the generation, processing and diffusion of real time information. To counterbalance this
trend, we developed better technology, governance, and contracts to simplify decision making, and ultimately allow organizations to scale across different markets.
On the technology side, artiﬁcial intelligence holds the promise to dramatically reduce the cost of prediction, leaving human judgment as the last barrier before full automation (Agrawal et al, 2016).
Except, we already have the technology to harness, select and reward decision making at scale because of cryptocurrencies.
Whereas we had the ability to crowdsource ideas and solutions (eg, Innocentive, TopCoder), to source talent (eg, Upwork), services (eg, Uber, Lyft, Aianb), and capital (eg, Kickstarter, AngelList) for some time, all these solutions rely on traditional platforms to aggregate the intentions of the crowd, source expertise and redistribute returns. Moreover, for these market to scale, often incentives and labor-intensive human judgment had to be brought back into the picture to ensure, for example, that professional investors had a reason to help the crowd sift through thousands of startups asking for funding. All these platforms, by building the reputation, payment and curation systems needed for exchanges to safely take place, were able to place themselves at the center of these new marketplaces.
While information was freely ﬁowing thanks to the internet, the ﬂow of value was not.
A New Way to Scale a Global Platform
To understand the transformation brought by blockchain technology, it is useful to start from its largest implementation to date: Bitcoin. Although often criticized for its inability to match the performance of existing payments networks or the requirements of the ﬁnancial system and governments, Bitcoin is extremely successful at solving the problem it was designed for: allowing a global network to securely transact and exchange value without the need of a costly intermediary. Through a clever mix of game theory and cryptography, the Bitcoin network is able to reach consensus about the true state of its distributed ledger at regular intervals. While the energy and computational waste associated with this approach is often criticized, it is exactly the sunk computational cost (proof-of-work) that secures the Bitcoin ledger from an attack. By throwing cheap hardware at the problem, Bitcoin replicates the ﬁnancial system’s ability to transfer value without many of the tasks and costs typically involved in running and securing traditional transactions. Furthermore, it does so while minimizing the degree of trust parties have to place in each other when transacting, mimicking digitally many of the features -including the privacy ones — of cash.
The marketplaces enabled by crypto-tokens (eg Ethereum) represent a new type of organizational form: one that resembles a spot market in its decentralized and incentives-driven nature, but one that can also
replicate the more complex forms of governance used in a traditional corporation. For example, while still in their infancy, smart contracts can add nuance to the transactions performed on top of a cryptocurrency, allowing for new types of agreements and exchanges to emerge. The organizations
adopting them will beneﬁt from substantial economies of scale in the way they match the supply and demand of capital, talent and ideas, as they will be able to tap resources on a global scale without the infrastructure costs of incumbents. When developed as open protocols, these ecosystems will also
beneﬁt from innovators expanding their potential in multiple different directions, most of which the original organization would not have imagined.
A New Digital Economy
Crypto-tokens and blockchain are associated with a reduction in two key costs: the cost of verifying the transaction attributes that can be recorded on a blockchain, and the cost of networking (Catalini and Gans, 2016). For a market to function, key attributes of the individuals, ﬁrms, goods and services involved need to be veriﬁed and audited before and after transactions take place. Whereas this process is often labor-intensive or requires a third-party to ensure market safety, it can be cheaply implemented
on a distributed ledger. But the time-stamping ability and immutable nature of a blockchain are not what make the technology a radical innovation. In fact, these two features ﬁt well into incumbents’ value chains as they allow for reductions in costs through cheaper forms of settlement and reconciliation.
The architectural change brought by cryptocurrencies is tied instead to their use of a native token to incentivize the growth, operations, and securing of a platform. Like in Bitcoin, the token can bootstrap the development of an entire innovation ecosystem where anyone can build novel applications on top of the underlying protocol without requiring permission from a network operator or intermediary.
Combined with the right incentives, participants can use a cryptocurrency to reach consensus — on a global scale — about the allocation of scarce resources. This drastically changes the scale and scope of what an online community or platform can achieve.
By automating the aggregation of information and preferences, and overcoming the limits of our cognitive ability, the ecosystems built on top of blockchain technology will be able to source and remunerate talent, ideas and capital at a scale previously unimaginable.
Why Ethereum & Smart Contracts
Social & digital connections is owned by the platform without giving users control and a value stake of the interaction, exchange or authenticity. Our digital contacts lists are limited and not interoperated,
search fails to deliver relevant people when we need them. The constantly growing number of users and their increasing time spent on social networks create an enormous amount of valuable data, which is captured by centralized databases and sold for advertising revenue. Ethereum Blockchain gives the ﬂexibility to create a decentralized recommendation based peer — to — peer network that will allow exchange of goods & services over smart contracts and reward the person who recommended a contact, increasing the network effect and trust based collaborations.
The HYPSO dapp will be implemented through the combination technologies on the ethereum virtual machine, trufﬂe framework and smart code of — smart contracts, token distribution, casper, IPFS/Swarm,
ENS, and Whisper. It will be a serverless, decentralized architecture, with the content and code on IPFS, and the Ethereum blockchain as the computational engine.
What is the HYPSO Platform?
HYPSO is an open source decentralized peer to peer application that will facilitate the right connections via friend recommendations and a trustscore protocol.
There are three layers of HYPSO
Key Features of the Application
Ask Feed — The HYPSO Ask feed is user’s request to ask for a contact sorted as per interest categories and thelocaﬁon.
Answers, ‘Recommendations’ — The ask feed will be unique to every user comprising of user’s friends, interest areas and location. A user can also add ﬁlters to make the feed more speciﬁc and relevant to user’s interest areas.
Distributed Hash Table (DHT) — This will be used to categorize the feed as per intent and categories of interest with respective location, this will enable easy query search. Renting nrdtdedlz heeed en next»gen itederniieﬂ dietrihdted heeh tehie deeign tdr P2P netwnrke.
P2P Transactions — Users can direct message each other for swap of services or purchase of goods and pay each other in HYPSO tokens.
P2P fully encrypted communication system — This is direct communication between users on the HYPSO platforms which will be encrypted end to end, user’s phone number and identity can also be kept anonymous.
User Identity — User can link their ether wallet directly to purchase the tokens to buy/ sell peer to peer.
Relies on the HUID to prevent Sybil attacks and uses a genetic learned trust algorithm among peers for routing and reliability ratings of nodes and peers . In the first phase early adopters will be verified on the network based on activity.
First Degree Relationships Data Protocol — Over a period of time the platform will help you ﬁnd the real relationships and friends who hold high reputation.
Distributed Consensus Logic — If the recommendations made are consistent by different users over a period of time from multiple users then rewards, reputation will be rewarded as per distributed consensus.
Participant and Group Entity Reputation system — Users who get a higher trust score can create distributed groups to combine skills and work on projects.
Decentralized Media Storage — Media data (pictures, video, other card data) can be preliminarily stored via IPFS, which will allow content to be available anywhere. IPFS is a good solution for fail-safe systems. The key risk is a relatively low access speed which will signiﬁcantly affect user experience
and can appear not to be enough for the highload consumer service. For quick access to post media and data content available via IPFS, the CDN server can be used. This could cut data receipt time dramatically.
Distributed Immutable Service (Nodes): Country nodes shall be used to build a distributed service. Any user after the installation of the special software will be able to become a node for the platform and use excessive power of their PC to provide for its performance, servicing users located nearest in their country. As a reward, such user will get a certain percentage of all transactions with HYPSO within their node.
Nodes give two huge advantages to the platform:
- Platform maintenance becomes signiﬁcantly cheaper, which means that costs can be reduced and the freed resources can be used for user payments and other purposes;
- Fail safe operation in case a node goes ofﬂine (including the main node) and in case of the country node isolation (i.e. service operation will remain intact when the Great Firewall of China is on).
Trustscore: User Reputation is calculated by PoS executed between the recommended contact and the user who asked the question. Trustscore is calculated as per transaction between the users that got connected through reference. This reputation counts as expertise within our token reward algorithms.
Tokens can be earned and staked in two ways: ﬁrstly, through sharing contracts that earn that individual tokens, or secondly, through buying those tokens via crowd sale.
Role of Al and Machine Intelligence
HYPSO will accumulate answers (contacts, places, links, brand rewards) mapped as per the intent of the question asked and will distribute that as per the reputation score.
Recommendation Engine: The questions asked by a user will create a social graph along with his / her location which will make the feed more customizable for them to be able invest more in the network by adding known contacts.
HYPSO Tokens (ERC20)
Token systems that reward users as they contribute to the HYPSO community to establish social value: we call this “Proof-of-Network.” With HYPSO Tokens our goal is to enable anyone around the globe to earn digital currencies by investing with contacts on the network. Users on HYPSO will get a trust score which will get them veriﬁed and they can start earning tokens on ways beyond mining it via computation or buying tokens.
HYPSO , initially will provide the token incentive to bootstrap the network by attracting millions of users. The number of tokens earned for onboarding halves each time the veriﬁed userbase doubles. Early adopters will be incentivized and veriﬁed immediately to improve the legitimacy of the network. The token serves three roles: Users own a portion of the network’s growth in return for their contacts investment, it serves as an internal currency for peer to peer tasks, and it allows to issue paid questions on the network.
HYPSO tokens will create a global ecosystem where businesses and consumers can quickly and easily variably transfer funds — business to business, business to consumer, and/or consumer to consumer. It will be the digital token that powers and incentivizes the HYPSO user community and collaboration platform. This digital token can be exchanged for at currency (dollars, euros, yen), in jurisdictions where such exchange is legal, or other cryptocurrency (e.g., Bitcoin, Ether) on various cryptocurrency exchanges after the initial ICO. The projected value is expected to be about 1 ether per 1000 tokens (provided for illustrative purposes only for this whitepaper; during the HYPSO token crowdsale, only cryptocurrencies such as BTC, ETH will be accepted).
A ﬁnite of 100,000,000,000 (100Bn) HYPSO tokens will be generated. There will be no further production of tokens so, over time, the tokens in circulation shall reduce in number and increase in demand. Tokens
are created with an ERC20token smart contract. The integrity of the system is built on the self-interest of token owners. Owners of more tokens may have more say in the development of HYPSO community and the direction it takes. Ethereum backed voting feature: HYPSO uses blockchain-based voting for a true democratic autonomous functioning.
Joining: Every new user sign-up will get 100 HYPSO tokens.
Activity: They can ask a new question for 1 HYPSO tokens, and earn 1 HYPSO token for every new contact added to the chain. They earn additional 1 HYPSO token when the contact they recommended join the network.
Apply for Veriﬁcation: All user proﬁles are veriﬁed to ensure the network authenticity and to know they are who they claim to be. When a user invests 1 contact on the network he’s eligible to apply for veriﬁcation. Veriﬁcation has two stages vouching and conﬁrmation. To get the veriﬁcation reward
tokens, user must be vouched by at least 3 contacts that they added who know them as friends in the real world and must be conﬁrmed by the people who engage with them as a direct messaging contact.
This will protect the network from bad actors.
Vesting of Issues Tokens: In order to build a self sustained community and deter abuse, 100 tokens issued for joining HYPSO will be vested over time. This deters fraud, aligns incentives and ensures that token holders will work to increase the utility of HYPSO tokens over time. The tokens will be vested on a weekly basis for a period of 1 year.
100Bn tokens will be generated in bootstrapping phase and distributed in 3 categories as per below pie chart.
HYPSO Token Distribution
User Tokens: 50% tokens (500,000,000,00) will be distributed to users at the time of onboarding, veriﬁed status and network building usage on the application. These tokens will be issued programmatically as part of issuance schedule.
Community: 30% tokens (300,000,000,00) will go to researchers, contractors, developers, inner circle, advisors, partners, and community advocates. These are ﬂexible tokens and can be used to bring liquidity to the network.
Company: 20% tokens (200,000,000,00) will go to the core team and to backers sold to private investors to set a token price.
How will HYPSO work?
This section outlines the front end user ﬂow and the ways in which HYPSO platform can be used to ﬁnd a contact or earn digital tokens
HYPSO is a mobile application available for download on apple store and play store
Sign-up: A user verifies a mobile number and sign-up for the HYPSO mobile application. We are currently using the Facebook Mobile Kit for user mobile verification via OTP which will be replaced in the staged process.
Update Profile: User uploads a profile picture, add name and earn the first reward of 100 tokens which will be vested weekly over a period of 1 year.
Ask: User can ask for a question at a value of 1 token and earn the reward of 1 token when a recommended user joins the network.
Direct Message: User can initiate a chat with the recommended contact.
Vouch: User can vouch for authenticity which will get other users verified and earn more tokens
User Identity and Token Wallet
User identity becomes an important issue in a decentralized ecosystem of digital services. For instance, users should be able to transact without friction across multiple digital services. Such participation requires users to
establish and communicate consistent identity across services, to maintain a single, robust wallet, and to own an ongoing reputation in the digital environment.
A consistent and easy-to-use identity service will be maintained by HYPSO and will provide participants with the code and API necessary to integrate it. Initially user’s mobile number is treated as his identity, it will ask for more
information later to add tokens and verify the details per user. Third-party identity services, such as uPort, or Keybase, may also be integrated as part of the identity solution.
No External Call — Calls to untrusted contracts can introduce several unexpected risks or errors. External calls may execute malicious code in that contract or any other contract that it depends upon. As such, every external
call should be treated as a potential security risk, and removed if possible. Understand how send(), transfer(), and call.value()(). Using send() or transfer() will prevent reentrancy but it does so at the cost of being
incompatible with any contract whose fallback function requires more than 2,300 gas.
Handling the funds — When developing a crowdsale smart contract, there are several options for handling the
collection of funds. On HYPSO funds will be handled as per below:
In contract:- The obvious method, we keep the funds in the contract itself during the crowdsale and transfer the funds to the developer address once the crowdsale is over.
Forwarding:- Instead of temporarily storing the funds in the crowdsale contract, HYPSO will immediately forward them to a multisig wallet after each individual investment. However it opens a trust issue that the funds can be
used to buy the token and corrupt the crowdsale itself. As a result an evolved mechanism is to keep the funds in a intermediate multisig contract with a time lock such that the funds are not movable till the crowdsale ends.
Fallback functions are called when a contract is sent a message with no arguments (or when no function matches), and only has access to 2,300 gas when called from a send() or transfer(). If you wish to be able to receive Ether from a send() or transfer(), the most you can do in a fallback function is log an event. Use a proper function if a computation or more gas is required.
HYPSO Business Model
In a free ecosystem, the user’s attention is either traded for advertisement revenue or the user’s data becomes the product. This business model powers many of our most popular social networks. Paid ecosystems create an immediate barrier to entry or purposely gate a full experience behind microtransactions. Many of the most popular mobile games have adopted this model.
There’s a third option that’s in the midst of emerging, Better Than Free. The general idea is that everything on the internet is essentially copied ad infinitum and becomes valueless. Real value comes from what can be traded but not copied. HYPSO will adopt the better than freeﬁi model.
There’s one major benefit to Better Than Free tokenized ecosystems: the tokens are not bound to the application! This opens up the a new way for developers (and possibly power users) to generate income.
Provided that a token is useful and valuable within an application, a market will emerge via third party exchanges.
Roadmap: Research, Governance, Development
We will be doing gradual step by step modal with a mix of centralized, decentralized and distributed architecture.
Stage 0 — test network growth effects with the semi centralized app launch
Stage 1 — token issue: which leads to creation and start of the economic development;
Stage 2 — private token sale to accredited investors; partners and community build
Stage 3 — operations decentralization on ethereum blockchain;
Stage 4 — Initial Coin Offering
Stage 5 — media-data handling decentralization;
Stage 6 — providing distributed operations via nodes
Who is behind HYPSO ?
HYPSO Team Story and Roles
We are a team of 3. Together we built the mobile web app for android and IOS. Our unique interest areas and strengths come together can set the foundatIon for any great team. Vartika who comes with 10 years of product and marketing experience holds the vision and has bootstrapped it so far In search of right people to execute a vision of building a global community where people can trust each other.
Celento who’s coding since the age of 10 and has keen interest in design and frontend technologies,who also has a eye of detail owns the front end development. Arshpreet Wadehra, who’s 21 years old
and is a backend programmer. He has a algorithmic mind and enjoys self learning. We are a full stack
team together with zero dependency on side operations.
HYPSO Inner Circle
Vishal Dhupar — He is NVIDIA’s managing director in South Asia. With more than 25 years in the IT industry, Vishal has extensive leadership and industry experience in the area of change management.
His earlier roles include Managing Director — SAARC at Symantec, Managing Director — Autodesk and Director — Sales at Sun Microsystems India. He has received several awards, including the 2007 IT-
People Young Achiever Award, for his excellence and contribution to the IT industry in India. He’s a supporter of the team and it’s success for the vision of “together is better”
Sundaraham Chandurkar — He is the founder and CEO of ShepHertz Technologies Pvt Ltd. since July 2010. Mr. Chandurkar Founded ShepHertz Technologies Pvt Ltd in July 2010. Mr. Chandurkar served as
Technology Architecture & Solutions Group (TASG) Head for Software Products Group at Wipro
Technologies from January 2003 to July 2010. Mr. Chandurkar was Lead Architect at Ericsson from
1999 to 2003.
Rabindranath Gupta — He holds the position of Senior Vice President — Events, Research & Communication at NASSCOM. He is responsible for organizing and facilitating NASSCOM events in India and overseas. Sangeeta started her career with NASSCOM and has since then worked towards strengthening the association and interaction of NASSCOM members, government and media towards NASSCOM’s objective of being a catalyst for the growth of the Indian software and services industry.
Rabindranath has a degree in Economics from Delhi University and a Masters in Economics from the Delhi School of Economics.
Ramesh Singh— A postgraduate in Management from XLRI, Ramesh has 17 years of work experience at HCL Group, ICIM and Digital Equipment. In 1997, he founded Le, a ﬁrm that offers Corporate Training, Management Consulting and Executive Coaching services to leading corporates. He
is a Certiﬁed Facilitator for LEGO® SERIOUS PLAYTM, Blackblot Product Management Methodology and the Problem Solving & Decision Making Techniques of Kepner — Fourie. He is also a visiting faculty at
”MB and conducts courses for practicing managers.
HYPSO Culture Code
Where possible, we favor the following characteristics for our system , with any deviations needing to
offer signiﬁcant beneﬁts:
— No single organization, business, or person can control or alter the system without extensive consensus
— Completely decentralized and distributed
— -Reliant on no centralized trusted entity for its core functions
— — However, it is worth noting that pluggable modules, outside of the basic infrastructure
plumbing of the system, may be open to relying on the services of centralized entities for
highly speciﬁc functions, such as current web APIs
- Privacy and the right of a person to be in control of their personally identifying information
— -In methodology, source code, protocols and security measures, upgradeability,
- Security of the system based on emerging “trusted computing” practices. — -Though the term “trusted computing” is controversial because of its use by corporations to limit what users can do with their personally owned systems, in this case the power of the concept will be inverted and used to return the power to the individual . Its ideas will be leveraged to protect the user and the system from malware and centralized attempts to subvert the platform.
- Strongly resistant to coercion and subversion
- — Easily adoptable by a broad group of people with no technical skill to those with advanced technical skills.
- As much of the technology we propose relies on encryption we stand absolutely against key escrow or weakening of cryptography in any form. Ultimately, this is the only true threat to the system
- End-to-end veriﬁable and auditable
- Resistant to hostile actors