Skip to main content

Token $HYPE

The $HYPE token is the core settlement asset within the Fanify betting ecosystem, functioning as the exclusive currency for placing bets and distributing rewards. It is a non-transferable, dollar-pegged ERC-20 token, minted through staking and burned through participation in the betting process.

$HYPE Mechanics & Utility​

  • Staking-Based Minting: The only way to mint $HYPE is by staking either CHZ or Fan Tokens via the platform’s smart contracts. No external purchase is allowed.

  • Betting Currency: All users—whether staking CHZ or Fan Tokens—place their bets using $HYPE. It serves as the universal unit of account for all matches.

  • Reward Distribution: Winnings from successful bets are paid out in $HYPE, reinforcing its role as the main reward token within the ecosystem.

  • Fan Season Bonus: Users who stake Fan Tokens for an entire season receive a boosted allocation of $HYPE. This bonus allows them to bet on every match of their team throughout the season, increasing utility and loyalty.

  • Non-Transferable: $HYPE is a non-transferable token. It cannot be sent to other wallets or used outside of the platform. Its sole purpose is for betting and unstaking.

  • Unstaking Mechanism: To reclaim the original CHZ or Fan Token stake, users must hold an equivalent amount of HYPE.TheunstakeprocessburnstheHYPE. The unstake process burns the HYPE and releases the underlying asset.

  • Risk Awareness: If a user loses all of their $HYPE through betting, they forfeit access to their original stake. This introduces a real economic consequence tied to betting performance, enhancing commitment and reducing farming abuse.