HYPE meaning in Cryptocurrency ?

Answer:

Realized that DeFi and crypto struggle with problems as the other innovative technologies before them. Due largely to a steep learning curve in a technology that is constantly evolving, there is a high barrier-to-entry. UI and UX is still a big issue for new consumers in the path towards mass adoption of decentralized finance, blockchain technology, and other digital assets. Having to jump from one screen to the next between wallets, explorers, Dapps, exchanges, and much more to look up gas prices, monitor network transactions, cancel pending transactions, customize nonces, staking, borrowing, trading, farming, insurance, governance, and many other features that come with understanding the technology as a whole, has made it virtually impossible for the average individual to become an active participant.

Supreme Finance is simply an adoption-focused DeFi protocol on which we intend to create a fully-integrated user-friendly platform/service, to connect as many crypto-muggles with the many decentralized financial products and services already on the market.

Our goal is to make DeFi simple and easier to use to create a better user experience for those who are intimidated by the learning-curve, therefore lowering the barrier-to-entry. We’ll do this by focusing not only on innovating and creating a product no one has ever created before on the bleeding edge, but also by working towards mass adoption of just the bleeding-edge that already exists and making that experience as seamless as possible for the user.

Over the past years, the DeFi space has continuously grown due to the increased number of new applications, primitives, and protocols. The structure is underway towards commercialized future financial systems as we speak and is beginning to take on a surge of interest from the crypto and non-crypto community. DeFi volume has increased from zero to over $20 billion in total locked value (TVL) in the past year alone. Many DeFi projects require users to lock up an asset (collateral) in order to take out a loan, create liquidity in a market, or mint a new asset. These assets locked as collateral have created a measure for valuing these applications, called total locked value (TVL). With this in mind, we've seen DeFi Dominance (vs. Global) reach 1.4% in total – showing that many crypto investors are taking advantage of these newly accessible financial products.

Over the past years, the DeFi space has continuously grown due to the increased number of new applications, primitives, and protocols. The structure is underway towards commercialized future financial systems as we speak and is beginning to take on a surge of interest from the crypto and non-crypto community. DeFi volume has increased from zero to over $20 billion in total locked value (TVL) in the past year alone. Many DeFi projects require users to lock up an asset (collateral) in order to take out a loan, create liquidity in a market, or mint a new asset. These assets locked as collateral have created a measure for valuing these applications, called total locked value (TVL). With this in mind, we've seen DeFi Dominance (vs. Global) reach 1.4% in total – showing that many crypto investors are taking advantage of these newly accessible financial products.

DeFi in existence can be categorized into 4 different protocols that dominate the market; Decentralized Exchanges(DEX), Lend and Borrow, Asset Management, Derivatives. The platforms mentioned below all have experienced wild fluctuations both in terms of liquidity and price action of their digital tokens. Moreover, Uniswap’s sector growth of nearly 6,000% increase in total value locked also means a 6,000% increase in liquidity and providing pool in the protocol. DeFi applications rely on both Uniswap (to provide liquidity to abstract any unnecessary friction for users when interacting with their intermediaries and applications.

DeFi allows users to remove banking and financial intermediaries and process lending and borrowing directly from platforms. With over $20 billion currently in 2021 locked as Coingecko Defi writing says, lending accounts for almost 70% of TVL in DeFi. Lending platforms such as Maker headlined the early DeFi as one of the dominant platforms for nearly 50% of the value locked with this sector in 2019.
PROBLEM WERE SPECIFIED:
1. Lack of information/poor support
2. Technological ineptitude
3. Bad UX/UI
4. Liquidity
5. Scalability

SOLUTION WERE SPECIFIED:
APPLICATION
One of the frustrating experiences for users on the web and mobile is waiting for loading of contents and pages especially for crypto platforms that require lots of hyperlink and API links. Optimizing the content speed and not making the users bounce can increase the usersustainability by more than 20% according to section.io. The segment keys or headlinks will enable the users to quickly get all the information they want: benefits, solutions, and key features to information, product and services in a short time. This will make a proposition to attracting users to get all the information they need.
AWARENESS
As of 2020, there are hundreds of exchanges, platforms and financial services available on the crypto market. However, the marketing and open-source to the services are very limited and in boundary. Users should be able to easily approach and discover the number of availability and classify without having to search for reliable sources of information.
COMMUNITY
Although social media such as Twitter and YouTube covers most of crypto communities in the world, it is still bound for users to interact with active users on the crypto-platform. By creating dashboards, blogs, and live chat rooms on the platform for users to actively communicate and share information, the scale of which the platform will trend and grow will only be a matter of time in becoming the center of the crypto community.
EXCHANGE
Each and every centralized exchange, DEX, and DeFi play a role of bringing tokens together for performance and productivity. Based upon the tokens and fiat that are available and can be converted on the platform outline the entire volume of scalability, liquidity and number of users. Therefore, it is essential to validate the possible cryptos as much on the platform and take over the highcompetitive market.
TRANSPARENCY
All the transactions will be visible as of applying Blockchain and view all information on the network through on-chain sources like etherscan or even on the platform if necessary.
LIQUIDITY POOL
Liquidity is one of the foundational systems behind the current DeFi ecosystem. It is part of trading, borrow-lend protocols, synthetic assets, and many more. Users can participate in the liquidity pool, and add equal values to two tokens in a pool to create a secondary market. In exchange for providing their funds, liquidity providers(LP) earn trading fees from the trades that occur in the pool, proportional to their share of total liquidity. Liquidity pools maintain constant liquidity while reducing unprecedented price swing as well - lower gas fees, easy to participate and provide liquidity using automated smart contracts, and LPs can earn passive income.
P2P SUPPORT
P2P support is much like P2P services that directly connects parties to a transaction without third-party intermediary, but it is more of providing and overcoming the pressure, information risk-cost, and asymmetries to new users that have to face. Experts and experienced users in the cryptomarket can provide solutions, guidelines, and information based on trades, tokens or whatsoever on the platform for incentivisation or benefits. Users are able to earn incentives through providing guidance and information to new comers. Of course, the users must earn their trustworthy identity and performance through the platform with authentication.

Hence, The Supreme Project has delivered HYPE as its first token. The token was named HYPE, to describe the way in which it would stimulate or maximize user returns.

HYPE is a synthetic commodity currency that does not rely on the current world-based currency as a target price or value. Instead, HYPE is not centrally controlled and will be priced only by the needs of the customer.

HYPE is a flexible supply digital asset that expands/contracts in response to price/demand in the market and tracks evolution lines from protocols such as YAM, SUSHI, etc. These types of assets belong to the Synthetic Community Money family.

HYPE is an experimental, independent, self-sufficient, decentralized currency that is fully dependent on participants, built with the aim of further discovering and determining its value and use cases, expanding and developing them.

reference

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Supreme Finance	Cryptocurrency
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