Currently available in the United States; coming soon in 31 countries in Europe.
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Hyperion is a decentralized map platform with a goal of creating a decentralized map economy for use by up to ten billion people. Launched in 2018, this map service aims to disrupt the current map system that most of us use today by building a decentralized system that allows for contribution.
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What is HYPERION (HYN)?
Hyperion has made their map open, decentralized, and large enough for ten billion people to use. It aims to solve the problems of cost, censorship, and most importantly privacy by keeping your personal information secure and in your control. How you use the map and your location are kept private and you can share your data securely. Your location history can be cleared directly from your device. Hyperion seeks to provide information to the currently underserved, particularly individuals who live in remote areas of the globe. In addition to basic map services like directions, users can search for establishments like restaurants, hotels, and embassies.
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About HYPERION (HYN)
The native token, HYP, is how Hyperion incentivizes users to contribute and ultimately provide the data that will make their product competitive to others on the market. The current HYP total market cap is around ten billion tokens, with a burn model in place that will reduce that cap to one billion in order to catalyze the coin’s growth. While Hyperion uses blockchain technology as the underlying infrastructure, the protocol uses the proof-of-honesty, or POH, model, rather than more commonly used proof-of-stake or proof-of-work protocols. Proof-of-honesty relies on contributors abiding by a set of predetermined rules, which means that while staking grants some authority, those who are dishonest and contribute misinformation will have that privilege revoked. In return, by contributing data, users can earn HYP tokens.
While the app is very tech heavy, the solution is a simple to use, single decentralized map that can be accessed anywhere where you, as the user, control your personal data with customizable and encrypted sharing options.
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