HyperNation (a Fintech DAO based Open Source Organisation), a nonprofit foundation promoting open innovation in financial services, today announced the launch of a new platform focused on Decentralized Financial Ecosystem i.e. HyperNation.
Mr. H, the ambassador of HyperNation and former blockchain lead for a fortune 500 company, revealed the Program in London during his interview.
“The vision with HyperNation is to build an open decentralized platform for the community that enables them to get rid of traditional centralized institutions. Its DAO based decentralized governance work in Utopia model whereby communities have the final and only opinion which matters in deciding the matters of the ecosystem.” said Mr. H.
“The focus of the program is building a high-quality blockchain based open-source ecosystem that enables the ecosystem users to enjoy their financial freedom while eradicating the issues caused by existing centralized financial institutions. The platform has a vision of like-minded individuals striving to advocate ‘justice, fairness and openness’, which fully embodies the decentralization of finance and solves the economic power controlled by the powerful centralized banks and financial institutions.” Continued Mr. H.
When inquired about how will the ecosystem function, the ambassador of HyperNation said:
“The HyperNation ecosystem will have in place a decentralized blockchain that functions based on consensus of its participants. With this consensus mechanism in place, HyperNation distributes the governance to all of its community, rather than a few selected individuals. The protocol rules embedded in the blockchain consensus mechanism ensure that only valid and real transactions can be recorded in the public and transparent ledger, and the protocol rules embedded in the network ensure that the state of the public ledger is always updated with the changing consensus of the public.”
Mr.H also explained about the entry methodology whereby he explained: “To become a citizen of this nation, or join the HyperNation ecosystem, a user is required to get an exclusive NFT, which is a cryptographically secure token that is fungible and unique to the user only. In other words, the NFT is a kind of your ID card but in the HyperNation.
Owning the NFT will make you a citizen of the HyperNation metaverse whereby you can go anywhere freely and do all sorts of activities within the metaverse. In real life, it may not be easy for you to travel to other places, but it is different in the metaverse. This NFT will be a passport without borders, and its value in the future is also very worth looking forward to, because NFT itself has room for appreciation, and the value of NFT empowered is even more promising in the future.”
The HyperNation ecosystem is powered by its native token, details of which will be available on the website www.hypernation.io . To know more or participate in their upcoming token sale, please visit the website or keep following the social channels.
HyperNation utilizes blockchain infrastructure to create a nation of likely minded individuals who believe in decentralization of finance, fairness, justice and openness advocated by the supremacy of equal fundamental rights for all. With blockchain infrastructure at its core which is scattered throughout the community of users acting as nodes, it adopts an innovative consensus mechanism to achieve consensus of decision making among the network participants.