The new version of Economic Model 2.0 embeds both static and dynamic structure to encourage capable and influential community members and HYN holders to lead multiple decentralized map communities as node operators as scaling period develops overtime.
The new model also integrates the internal and external burning mechanism to boost the ecological development. As the planned life cycle of the Hyperion ecosystem suggests, the ecosystem will gradually transit from a token model-driven growth to a service-driven self-reinforcing growth when the burning completes.
This article will guide you through Hyperion economic model 2.0.
Vision & Mission
Hyperion’s vision is to build a map + location ecosystem, and apply it to future smart city, such as AI, autonomous driving, and IoT etc., which heavily rely on a long-tail, accurate, and real-time location data. The economic model supports the vision with a technical, economic and social framework based on 3-tier architecture.
A New PoH paradigm
A decentralized community structure as the backbone of the ecosystem
A shared map economy providing sustainable incentive for different stakeholders
A robust decentralized system architecture built on strong consensus to enable both community participation and incentives
The decentralized community structure allows Map3 service nodes to contribute to the autonomous decentralized network on 3-tier structure; a shared map economy assigns participants with different capabilities to various contribution roles; a robust decentralized system adopts PoH (Proof of Hybrid) as a foundation to support the community and economic structure with PoW*PoS hybrid consensus.
Atlas chain is the blockchain to run smart contracts designed for various decentralized map services after the mainnet launch. Map3 is a decentralized map service network supporting the distribution of map data, so that Map3 nodes can provide efficient and secure map services to end users. Titan builds up a platform to show users with a large-scale of decentralized map application scenarios, including crypto-wallets, personalized map layers, and signal maps.
The innovative participation structure
Static structure
At Titan layer, token holders participate Map3 nodes through micro-staking, and Map3 node operators lead all participants to join the running of Atlas chain without additional investment in HYN through re-staking.The selection process of Map3 nodes is also cherry-picking the the qualified candidates for mining nodes on-chain.
Map3 node initiators must at least stake 20% of HYN, and micro-stakers must pledge no less than 1% of the total requirement and can withdraw the pledge after 7 days since the application.
Dynamic structure
As in the early stage, Hyperion is committed to building a solid base of contributors in a short period. The dynamic structure effectively combines the scaling cycle and the burning mechanism to boost the development of ecology towards maturity and market autonomy via the cooperation between early and late participants.
At Map3 level, an increased number of nodes provide a higher level of fault tolerance and wider service coverage to the whole network, and thus improve the network security. Map3 have a total of 10 scaling cycles. Let T0 be the day the Atlas Blockchain mainnet launches. Each scaling cycle will split the existing Map3 nodes into x2 nodes (one running but with fewer stakes and the other one in the Standby stage with splitted stakes from the original node). The standby nodes will initiate when filled with the sufficient amount of minimum staking.
The node will launch and lock down all token staked for 180 days if the required staking amount is met, and the node operators can use the corresponding private key to initiate the Map3 node; if not having reached sufficient staking amount, the node continues to standby.
One week before the node expires, initiators and participants will decide whether to renew for another 180 days (Default to automatic renewal). With sufficient staking before the deadline, the node will automatically re-initiate; otherwise, the node will standby to crowdfund.
Scaling at Map3 level continuously attracts small investors to participate the running of Map3 nodes by delegating a small amount of HYNs through micro-staking to support map service distribution, or cooperate with other token holders to jointly-operate Map3 nodes. As Map3 network scales out periodically, both the number of Map3 nodes and total stakes in the network increases. Scaling occurs every 3 months in the 1st year and adjusts to every 6 months till the end of the 4th year.
Atlas-level structure
At Atlas layer, the increased total Map3 node-staking in the Map3 network promotes the single node-staking amount of Atlas nodes.
Atlas nodes serve Hyperion map blockchain by dealing with on-chain transactions and settlements. The min. total staking amount of an Atlas node is 1 million HYN, but only 88 will be chosen to participate blockchain services and get mining rewards, ranked by delegation amount. An influential Map3 operator can align multiple scaled nodes to co-initiate an Atlas node and become Atlas operator; or choose an expecting Atlas node to stake to.
The staked HYNs will lock down for 7 days, after which the Map3 operator can transfer to another Atlas node. The white paper also clearly indicates the minimum staking requirement for Atlas node initiators to prevent malicious behaviors by staking punishment.
Users can also check the mining rate of each Atlas node from Titan. A high-rating Atlas node tends to attract more stakers.
At the same time, Hyperion burning mechanism aims to boost the ecosystem by reduced supply of HYN tokens with the increased delegation and service demand, at early and mid-stage. The burning will be over when ecosystem gets mature.
How the burning mechanism assists ecological progress
The total circulation of HYN is 10 billion, with 9 billion burning volume. The eventual sum of HYN is capped at 1 billion with no token inflation. The burning mechanism composes of internal and external burning. Internal burning volume is determined by the staking amount of Map3, and the external burning volume reflects the overall Map3 service usage.
The early stage of ecological development is aimed at building economic and community structure to encourage more node operators. Therefore, internal burning will match the total node-staking amount.
In the mid-stage, the increased Map3 nodes will accelerate the scale of the Map3 network, improve Map3 service efficiency and quality, and attract more end users. Till this stage, all Map3 services are free to public access to bootstrap the ecosystem.
As service usage becomes stable, the burning mechanism will be terminated, and map service will be charged according to market mechanism. For instance, the increased number of Map3 nodes will reduce the average node profit. Those with insufficient service capacity and lower rewards might quit the network, reduce the total number of nodes and in return push up the overall node profits.
Node incentives
The initial block reward mining rate is 0.33 HYN per second, which is 2 HYNs every 6 seconds. The specific rate also refers to the block mining frequency of the mainnet. Each Atlas mining node will receive 1/88 of the block reward.
The Atlas Blockchain block reward is fixed within the same halving cycle. The block reward reduces 25% over halving cycles. We name it halving cycles simply to make it easier to understand. Therefore, as the number of Atlas chain nodes increases, the yield of each Atlas chain node will decrease overtime.
However, the monthly PoW rewards distributed to Map3 nodes increase with time. As Atlas participants, the Map3 incentive (i.e. PoW incentive) is distributed to the operators and micro-stakers of the Map3 node linearly proportional to their staking volumes. A customized (Default to 20%) management fee charged by the operator is applied to the incentives earned by microstakers.
At Map3 level, the total number of Map3 subsidies each month increases overtime with the scaling cycle, from initially 300,000 HYN per month in the Genesis Scaling Cycle, and it increases with a compound 10% rate over every scaling period.
In addition, the PoWs are ranked according to node workload and coin age. To simply put, more service workload and longer coin age improves a PoW ranking, as long-term commitments are key to the overall Map3 network quality. The coin age is calculated by the lock period of a Map3 node. Each additional 1 day equals to +1 coin age, and 1 day gap equals to -2, and it caps at 500 days. The bonus factor increases by 1% every 50 days, and it is capped at 10%. All ranks higher than 80% will be lowered to 80% to counter the adverse effect of collusion in pumping up the PoW illegitimately.
Participate early for a stable staking rewards
The Genesis Scaling Cycle are best suitable for early participants to get a stable reward based on the micro-staking amount and the coin age of the Map3 node overtime. As scaling cycle develops, the dynamic reward mechanism integrates halving cycle and other complex variables as the node increases. In addition, the late new comers tend to join nodes with higher bonus factors accumulated overtime for higher rewards, as return, the early operators are more likely to develop a more solid decentralized community.

The original article is from @hyperionsgoffical on Medium

El valor de la ubicación digital
La ubicación, como el tiempo, constituye los metadatos de nuestro mundo. El mapa, una representación general de las ubicaciones, capacita a cualquier humano o máquina (por ejemplo: automóviles sin conductor) para explorar el mundo con visibilidad espacial (estática), como también navegar a través de éste con movilidad espacial (dinámica).

Artículo original: https://medium.com/hyperion-en-espa%C3%B1ol/hacia-el-mapa-3-0-el-mapa-del-consenso-36bcd502e725

I suggest ETH, EOS, HYN, BNB and XRP.

Hyperion
Noun
1. Latin, from Greek Hyperiōn
: a Titan, son of Uranus and Gaea, and father of Eos (dawn), Selene (moon), and Helios
(sun). Later identified with Apollo, from Greek, literally “he who looks from above.”
2. an irregular-shaped outer satellite of the planet Saturn that tumbles chaotically
3. A new consensus-driven open map ecosystem created by global community

In several dimensions, the current centralized map system of the world is flawed and is ripe for disruption.
Blockchain technology – with its ability to facilitate global collaboration in an open and secure manner – has huge potential to disrupt the status quo by underpinning the birth of a new, open, decentralized map economy that will appeal to the mass market.
We have pioneered a new open map architecture, the Hyperion ecosystem, based on the our widely adopted open map technology and latest advancements of Blockchain technology. This ecosystem is designed to reward everyone with a share in the wealth they create and will ensure privacy is protected whilst hosting a new generation of decentralized applications requiring quality map services. This article outlines our vision for the birth of this new transformative ecosystem capable of addressing the needs of 10 billion users and 100 billion devices. This will lead to a much more egalitarian, prosperous society where everyone will get a share in the wealth they create.

Problem Statement
As the fundamental building block of mobility, maps should be and remain pervasive, accurate and privacypreserved. However, the current map system is flawed as elaborated in the following:

Incomplete, Inaccurate and Outdated Map Data
Location data is widely distributed and long-tailed, which means that the production and maintenance of a global map ought to be distributed by nature. However, the production of maps are currently centralized and as such, has resulted in maps that are incomplete, inaccurate, and outdated. Did you know that most of the Earth’s surface lacks an address? According to the United Nations, 70% of the world is unaddressed, including more than half of the world’s sprawling urban developments. By outsourcing map production to third parties, we are effectively giving them control over not only what gets shown on the map, but also the power to dictate where we go and how we get there. In the Capitalistic 21st century era, it seems inevitable that large companies like Google will monetize location-based searches, with either premium results or priority ordering (if it hasn’t done so already).

Limited Transparency, Privacy and Ownership
People have increased concerns of misuse of our location data - we have no transparency on how data were monetized - often by the third parties in control our data. There is no true user privacy in front of map service providers that even pseudo-anonymous data can be cross-referenced with other data to identify the user .There is a saying that neatly summaries this state of play, “if you are not paying for the product, you are the product.”
As popular apps harvest location data of the masses, the potential for leaking or exploiting this data has never been higher. The recent Facebook-Cambridge Analytics scandal is case in point and has brought to our attention how the large players have been making money off users data all along without them knowing. If everyone has data that they own and generate, isn’t it about time that they should directly benefit from their
own data instead of just relying on “free” services?
Furthermore, it is prohibitively expensive and cumbersome for users to build their own map service due to the high technology barrier. Innovation and entrepreneurship are therefore stifled. We need autonomy not on just data but the technology to provision map services at our will - not to let map companies decide what shows on the map and in which way we use map services. In short, in a more egalitarian society, people are calling for autonomy over digital location.

Proposed Solution of Hyperion
Hyperion organically integrates innovations of three important dimensions, coined as the Hyperion Trinity of map technology, economy and society structures, to eventually achieve a sustainable and self-governed map economy of the world. People are empowered to build map technology, share economical return and govern map communities.

Hyperion Trinity includes:
- Crowd-build to incentive quality global map data contribution and distributed system infrastructure hosting Hyperion Digital Location Right (HDLR) as reward, i.e., HDLR mining;
- Crowd-share to establish a sustainable decentralized map economy, in which map services fees are
distributed to HDLR owners accordingly by smart contract, i.e., HDLR dividend;
- Crowd-govern to reach consensus on technology and social-economic transition with delegated
governance, i.e., HDLR voting. The Hyperion global community is consisted of multi-level regional
communities governed by HDLR holders delegates of respective regions.

Technology and Service Architecture
- Protocol Layer: the Hyperion Protocol Network is a global network of Hyperion Protocol Nodes with MapChain (Hyperion Blockchain), smart contract, and trusted distributed storage. MapChain, optimized for location data, supports cross-chain communication for enhanced interoperability and smart contract for extensibility. MapChain natively integrates our innovative Spatial Consensus Protocol (SCP) to reach consensus of static location data (map) and dynamic location data (localization) in a secure and verifiable manner. MapChain employs BFT + dPOS as block producing consensus algorithm to support scalable map services and enforce a consistent delegated governance structure of the Hyperion community;
- Service Layer: this layer includes full-stack map services with tight integration with MapChain. Specifically, it includes map production service (dMapper), map service (dMap) and location data intelligence platform (Hyperion Marketplace). Users can stake HYN (pay-by-inflation) to access dMapper and dMap services, and spend HYN (pay-by-fee) for Hyperion Marketplace services;
- Ecosystem Layer: Location-based services (LBS), such as location-based social network, advertisement and gaming, accrue value to HDLR. Hyperion will collaborate with a wide spectrum of LBS to enrich the Hyperion ecosystem. To demonstrate the full power of Hyperion services, Hyperion will develop example LBS, e.g., a consuming-facing map service named Titan and a location-based game.

Time and space attributes are meta data. It implies that all services happen on the map. The invention of clock provides human with the consensus of time, i.e. the Temporal Consensus. However, the ability to correctly understand our surrounding by community, i.e. the Spatial Consensus, is constrained due to centralized control and censorship. Our mission is to provide Spatial Consensus driven map of the world.

The need of accurate and precise Spatial Consensus, together with the highly distributed nature of map data, demands a decentralized Relation of Production for map economy. We envision a future in which people have autonomy over digital location - people are incentivized with Hyperion Digital Location Right reward to contribute underlying map utilities, and use their digital location rights to share economy benefit and govern important community transitions in a sustainable manner.

Useful Links:
Official Website: www.hyn.space
Forum: https://talk.hyn.space/
Telegram: https://t.me/HyperionOfficialHYN
Twitter: https://twitter.com/HyperionHYN
Reddit: https://www.reddit.com/r/Hyperion_HYN/
Whitepaper: https://www.hyn.space/wp-content/uploads/2018/08/Hyperion-WhitePaper-v-1.15.pdf
How to Join Map 3 Network: https://medium.com/@hyperionsgoffical/a-guide-to-hyperion-map3-network-9ee79d66c03d
Technical Introduction of Atlas: https://www.moonforum.net/showthread.php?10007-Technical-Introduction-of-Atlas-the-Spatial-Consensus-Blockchain

Barry Silbert, CEO and founder of Digital Currency Group and Grayscale Investments, said that the majority of digital tokens will not have value in the long run, CNBC reports on Feb. 13.

In a purported phone interview with CNBC, Silbert said “I’m not a believer in the vast majority of digital tokens and I believe most will go to zero." He added that, "Almost every [initial coin offering] ICO was just an attempt to raise money but there was no use for the underlying token."

ICOs experienced a boom in late 2017– early 2018, which was followed by a bust as prices dropped and state and federal regulators cracked down on projects that were running afoul of securities laws.

Earlier today, according to data from CoinSchedules shows that ICO valuations are down to levels just above those seen in January 2017. The data shows that last month, $291.6 million was raised through ICOs, which is around 19 times less than the $5.8 billion raised in March last year.

Despite his bearish views on ICO tokens, Silbert still remains optimistic about Bitcoin (BTC), in which he was reportedly an early investor. While Bitcoin has "a really ugly technical chart" in Silbert’s opinion, it has “won the race to be digital gold."

Mike Novogratz, a former Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, said today that Bitcoin is unique among cryptocurrencies. In regard to Bitcoin’s use as a potential store of value, Novogratz said: “There’s 118 elements on the periodic table, and only one gold [...] Bitcoin is going to be digital gold, a place where you have sovereign money, it’s not U.S. money, it’s not Chinese money, it’s sovereign. Sovereignty costs a lot, it should.”

Apparently HYN, token used in Hyperion, a spatial consensus driven map of the world for decentralized map economy, is not on that "list". Users can stake HYN (pay-by-inflation) to access dMapper and dMap services, and spend HYN (pay-by-fee) for Hyperion Marketplace services.

It's a bad news for scams and shitcoins. 

It's hard time for all of us now. I think the best choice is to HODL until the bull runs. Besides, it's also the best time to look for potential project now. Most of projects are struggling to survive by perfecting their products and improving their technology. As for scams, they won't survive.

The first step is to visit its official website. Scam usually has badly-constructed website or even doesn't have a one. Visit the website and download its whitepaper. By reading its whitepaper, you can better understand the project. You need to carefully examine its tokenomy, team, technology and roadmap. check if its tokenomy is sustainable, if it provides the information of team members in details, what kind of technology it uses and is it possible to adopt and whether they follow their roadmap. Scammers usually could not provide a sustainable tokenomy. If the coin is difficult to circulate, how will it appreciate? I will add something when I think of something new.

It has to be ETH, HYN and EOS. They are all prominent public chain.