Hychain Nodes
Operating a Hychain Node allows for earning rewards that actively contribute to the growing Hychain Ecosystem. By running node keys you can claim rewards from the Hychain Ecosystem of Games and 3rd party apps on the network. For more information visit their x @Hychain_Games or their website at hychain.com.
What is Hychain Games
Hychain Games is a blockchain L2 with a suite of web3 infrastructure created to eliminate onboarding and technical challenges for gamers & developers. Leveraging their SSO (Single Sign-On) system they allow users to maintain easy access across all games & apps using the Hychain ecosystem.
Why Hychain Games
Their vision of becoming an Integrated Gaming Publisher & Distributor much like "Steam" with 100's of Millions of users is already being created. With games such as: Hytopia - a UGC voxel-style game shut down by Microsoft after growing to 1.1M users and Loot Legends - a dungeon crawler mobile game that has just been released!
They are putting themselves at the forefront of what it means to adopt Blockchain technology. This team's approach is different, not focusing on the tech being forced on you, but using it to create systems that allow creative freedom, rewarding creators and additional marketplace utility.
Other leading digital currencies have focused on token gates and high prices to attract a market of "investors" and not gamers. Using Hychain to enable payment with TOPIA or USDC among other features the team is targeting the broader 8.3B other humans outside the current 2M Digital collectable owners.
The Team
Hychain is no stranger to talent. Co-founder Arkdev has a history of scaling and building apps/products. He was the engineer behind the #1 tool in the world for finding Pokemon inside Pokemon Go, which scaled to 15,000,000 Active Users.
Other members include Dan Petty, a Web Designer, TempTranquild (Co-Founder), and Abhishek (previously led at Indigg_dao), Rich (SaaS, AI, Blockchain specialist), Josh (Previous AWS Tier 2 Services) & Dom (App/Google Store specialist).
Hychain Node Sale Details
The Hychain Node Key is a unique, non-fungible token (NFT) essential for operating a Guardian Node on the Hychain network. It authenticates a node's eligibility to submit claims and earn rewards. To mint a Node Key, users will be able to use our Node Key minting website when it is released, with the minting price governed by an increasing threshold system.
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Total Supply: 50,000
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Price: Starting at .1 ETH scaling to 5.75 ETH
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Network: Ethereum
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When: Mint March 3rd, 2024 > Ongoing
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Where to purchase Hychain Node: nodes.hychain.com
Node Economics
Node rewards make up 5% of the total supply of $TOPIA (5 Billion) over the next 3 years if running. Additionally, node operators get a 25% split proportionally of all Hychain network fees as rewards once the 3-year staking period is up. This means 25% of the entire volume across all Hychain returns to reward node operators. You can imagine what that looks like if they have several games with millions of gamers & users!
By holding Hychain Node Keys, you are able participate with your hot wallet and earn rewards via transaction fees from the Hychain ecosystem. Hychain Nodes are still for sale in a tiered system going for .23 ETH.
The Alpha
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Hytopia Game has 1.1M Beta Signups (Closed beta test is live)
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Loot Legends Mobile Game Launches in September
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$TOPIA token trades at 15M MC comparable to other gaming tokens at $100-$500M MC
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An impressive team of start-up devs with tons of scaling/acquisition experience
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Guardian Node Operators get 25% of all Hychain network fees as rewards
By launching their own L2 gaming chain-powered guardian nodes, the team cemented their place in attempting to become The Number One Gaming Chain on earth. The node sale was a massive success raising over $8M.
Node Bull Case
The "Bull Case" would be that Hychain games with their suite of games become a leader in the digital collectible marketplace with a focus on publishing & distribution. It was clear two years ago with how quickly they scaled to 1.1M users as NFT worlds, that there is demand for enabling users and community members to have incredible experiences.
Additionally, if Hytopia, Loot Legends and accompanying games could grow it could be a massive success for the ecosystem. Mobile Games generate over $100B in revenue annually with PC/Console generating another $100B combined. The future could be incredibly bright if the team can even breach 1% of that market at $2B or even low end .01% at $200M which is still 10X the current size of the TOPIA market cap. Now remember, the big rewards come during the end game when 25% of all transactions go back to guardian node operators. So if you believe in the team and project, hold your node keys while stacking rewards in what might be the next great UGC platform.