HyperPay (HW5 Token) Research Report
Introduction:
What is HyperPay?
HyperPay is the world’s first Web5 wallet, which integrates managed wallet + Web3 wallet + hardware wallet + co-managed wallet. It has both traditional banking and digital currency banking capabilities, and uses one wallet to solve all financial payment problems.
HyperPay was established in 2017, with 1.2 million users in 200 countries and regions around the world, in Australia, Hong Kong,
We have offices in Singapore, Dubai, Lithuania and St. Vincent.
What is HW5 token?
HW5 is the backbone of the HyperPay ecosystem. HW5 adopts PoP (Proof of Participation) mining mode, that is, users mine by participating in the HyperPay wallet business. Including HyperCard consumption, deposit, user financial management, lending, transactions and many other user behaviors.
What is the use of HW5 token?
Pledging different amounts of HW5 will obtain different user levels, enjoy up to 70% discount on fees, enjoy preferential lending interest rates, and obtain more mining income. Pledging HW5 can also obtain stake rewards. HW5 can be used as collateral to borrow money on the platform. It can be used to directly purchase items and services, participate in community governance, and more.
What is HyperPay’s product business?
Compared with MetaMask, which has a wide audience in the current market, the HyperPay Web3 wallet supports more public chain networks. It currently supports 33+ mainstream public chains, 54+ for managed wallets, 19+ for hardware wallets, and 12+ for DApp ecosystems.
Users can experience mining, lending, cross-chain flash exchange, aggregate Dex in the Web3 wallet, and can also pay attention to the new public chain status and NFT information, and enjoy the DeFi world; they can also experience financial management, machine gun pool, and low-interest borrowing in the managed wallet , high-interest financial management, bull-bear battles, easy to maintain and increase the value of assets; at the same time, the HyperMate hardware wallet can ensure that your assets are stored in an absolutely safe environment; all user needs.
Introduction of HyperPay:
Basic Information:
Official website:
Social networking site:
Twitter: https://twitter.com/Hyperpay_tech (122,000 followers)
Telegram: https://t.me/HyperPay_En (69K followers)
Business Scope:
HyperPay’s business includes secure storage, market tracking, transfer payment, mortgage lending, asset management, fiat/spot transactions, Crypto Card, DAPP, cross-chain aggregation transactions, and news information. For more detailed content, please refer to the following table:
HyperPay’s business scope is very extensive, basically covering all digital currency wallet businesses. It truly achieves the function of a one-stop financial platform. It is a very complete and mature digital currency platform.
Profit model:
Profit model analysis:
From the two tables, we can see that HyperPay has diversified and proven sustainable profit methods. The future profit expectation is also very good. With the increase of platform users, the platform profit will grow explosively.
Business conditions:
The following figure shows the operation of HyperPay:
HyperPay Operational Data
The number of users of HyperPay will grow from 200,000 in 2021 to 1.2 million in 2022, an increase of more than 500% in one year.
Hyper’s future development plan:
Q1 2023: Global Accounts
Open global accounts for users, support the deposit and transfer of dozens of legal currency funds such as US dollars, Euros, British pounds, and Canadian dollars.
Fast currency exchange now, and supports real-time and fast currency exchange between fiat currency and cryptocurrency, making the cross-border and cross-currency payment transaction experience perfect promote.
Q2-Q3 in 2023: Crypto Mall
Fully reflect the purchasing power of encrypted assets, let encrypted assets circulate in the HyperPay ecosystem like legal currency, we will build an e-commerce mall, covering people’s clothing, food, housing, transportation, services, entertainment and other aspects. Spending with cryptocurrency is as easy as fiat.
Q4 2023: Encrypted asset private bank
Provide private banking services for high-net-worth individuals with encrypted assets:
1) Family virtual asset trust plan
2) Private customized virtual asset management services
3) Global corporate or personal tax planning
4) Overseas immigration or home purchase consulting services
5) Noble School Consulting Services
6) “Private Life Privileges”
2024 Q1: DID
Build a cross-platform, cross-public chain decentralized identity authentication system, aggregate on-chain and off-chain identities, and realize the Web3 credit mechanism.
Analysis of future development plans:
From the future development plan of HyperPay, we can see that 2023 will be the explosive year of HyperPay. HyperPay will become a top-level financial consumption platform by opening up traditional financial and physical consumption scenarios when the product is mature, the model is mature and the growth is stable, and it will acquire a large number of users outside the currency circle.
HW5 token introduction:
Token distribution:
Token distribution analysis:
It can be seen that the total amount of HW5 tokens has reached 200 million, while the initial circulation is only 7%, which means that the initial circulation is only 14 million. Calculated based on the sale price of HW5 tokens of 1USDT, the circulating market value is 14 million US dollars. From the development plan of HyperPay, we can see that 2023 will be a year of explosive growth for HyperPay. The market capitalization of tokens will skyrocket. In the early stage, whether it is POP mining or stake incentives, you need to hold HW5. In 2023, the circulation of HW5 will increase greatly, and most of the distributed tokens will flow into the hands of early public offering users. Therefore, the HW5 currently purchased by the public offering is not only a HW token, but also a dividend brought about by the explosive growth of HyperPay in 2023.
Token rights:
Token Equity Analysis:
There are many token rights and interests, but they can be summed up in three points. The first point is that early holders of HW5 can get more HW5, because the initial circulation of HW5 is 14 million, and a large number of chips will be released in 2023 through POP The way of mining and staking mining. These tokens will flow to the holders of the early HW5 tokens. Another benefit is to obtain fee discounts and enjoy extremely low handling fees in HyperPay.
Detailed explanation of POP mining:
The platform has launched users to lock HW5 and get 4%-12% consumption rebates, and the proportion of consumption rebates in the initial stage of the activity will be expanded 8 times, creating an innovative model of credit card consumption PoP (Proof of Participation) mining. After the user locks HW5, there are the following rewards:
1. The platform obtains a certain percentage of stable currency income;
2. HW5 rewards;
3. Multiplier Points (Multiplier Points): Users can stake their multiplier points to get Staked Multiplier Points locked.
This means that as long as you hold the early HW5 and spend it, you can get a lot of HW5.
Introduction of digital currency wallet ecology:
Wallet classification:
Digital currency wallets are mainly divided into three categories: decentralized wallets, centralized wallets and hardware wallets
(Image source: tokenInsight 2020 Digital Currency Wallet Report)
The classification of the picture is not accurate enough. In fact, HyperPay also has a centralized wallet business. It can be said that it is the only wallet organization with three types of business in the picture.
The market value of digital currency wallet projects:
At present, the valuation of mainstream digital currency wallets has basically reached more than 100 million US dollars, and the total market value of the leading project Trust Wallet has exceeded 2.4 billion US dollars. The circulating market value is also more than 100 million US dollars. 50% of HyperPay tokens are generated through POP, and 20% of tokens are generated through stake incentives. These released tokens will flow into the hands of users who participated in the public offering early. Most of the tokens of other digital currency wallet projects are in the hands of institutional investors. If you want to enjoy the dividends of HyperPay’s explosive growth in 2023, you need to hold HW5 tokens for a long time, and increase your own hands through stake incentives and POP mining. tokens in .
Digital currency wallet track market revenue:
* According to statistics, the overall revenue of the digital currency wallet market has reached 1.39 billion US dollars in 2022, and it is estimated that it will reach 3.37 billion US dollars in 2023.
(*Source: https://www.futuremarketinsights.com/reports/crypto-wallets-market)
Based on a price-earnings ratio of 20 times, by 2023 this will be a track with a valuation of 70 billion US dollars. If the leading project Trust Wallet occupies 60% of the market share, it means that Trust Wallet still has 20 times the room for growth.
Analyze:
Professional research institutions judge that the revenue of the digital currency wallet track will increase by 142% in 2023 (according to the market growth from 2019 to 2022). Calculated according to the price-earnings ratio, the current valuation of the wallet project is low. It means that the potential of the wallet track has not yet been developed. According to the law of value discovery, the price-earnings ratio of the project will return. And the market value of the wallet project will also rise.
Summarize:
The digital currency wallet track is still undervalued (the revenue of the track will be 1.4 billion US dollars in 2022, but the circulation market value of the leading project is only 990 million US dollars). Many high-quality digital currency wallet projects still have a lot of room for growth. The HyperPay project was established in 2017 and has been developed and operated for 5 years so far. The products and user groups of the project are very stable and mature, and it is a project that can withstand the test of the bear market. However, the currently launched HW5 token distributes a lot of early dividends to users. The HW5 tokens obtained by participating in the public offering can obtain a large number of HW5 tokens through consumption rebates and stake incentives. And HyperPay is not like other digital currency wallet projects, a lot of chips are in the hands of institutional investors. A small number of institutional investors’ chips and team chips will not be unlocked in 2023, so the current price of 1USDT is not just a token, but more of a bonus for HyperPay’s explosive growth in 2023. These early bonuses will be enjoyed by public offering participants.
