Launched in March 2020, the project is struggling to take off with investors. However, it seems that the team behind the HyperDAO platform is looking to build a very complete DeFi ecosystem.
Will this be enough to see the token soar in 2021 or in the years to come? What do the different algorithms of the specialized platforms predict? It is to these few questions that we will try to provide answers.
What is HyperDAO?
Before focusing on the possible evolution of the token price, it is important to take the measure of the HyperDAO ecosystem. The project also focuses on the theme of decentralized finance (DeFi). By seeking to create a complete ecosystem. An ecosystem that allows users to obtain a number of financial services.
The HDAO token is the governance token of the HyperDAO solution. It makes it possible to work on the development of the platform. In particular, by proposing new governance rules for the project. A component that is regularly found in DeFi projects. Thus, users can have their say on a wide variety of topics:
- Vote on the interest rate adjustment
- Elect community representatives
- Trigger or modify security protocols
- Propose new projects to list on the platform
Good to know : The HyperDAO platform was built on the Polygon (MATIC) network.
To integrate the HyperDAO ecosystem, it’s very simple. You will have to choose from several membership systems: platinum, gold, silver or bronze. Depending on the system chosen, the user will have access to more or less features. Like the possibility of investing in crypto projects selected by the platform.
HyperDAO: An Ultra Complete DeFi Protocol
This is the strength of the HyperDAO project. Allow its users to benefit from a number of features. By trying to offer the maximum of DeFi-type financial services. HyperDAO, for example, offers the use of a digital wallet. The user will be able, via this digital wallet, to deposit Bitcoin or Ethereum and obtain a loan in fiat currency. The amount of cryptocurrency will then be deposited as a pledge within the blockchain.
The HyperDAO ecosystem is also built around a stablecoin and also offers crowdfunding. Staking is also accessible via the HyperDAO platform. On the other hand, the platform offers a turnkey solution for projects that want to launch their own crypto. On this axis, HyperDAO also plays the role of a blockchain incubator leading.
What to expect from the project over the long term?
Difficult to speak out frankly on this question. As we have seen, the project has been on the market for more than 18 months and today remains in the shadow of other solutions. Still, it looks like the team behind HyperDAO is looking to get involved in a lot of DeFi topics.
If one relies on the prediction algorithms of different platforms, some today seem to be banking on an increase in the price of the asset. Thus, according to the models of WalletInvestor, an HDAO token could trade for nearly $ 0.025 within 12 months. Either at its highest historical level recorded last April.
Optimism is also de rigueur at DigitalCoinPrice who estimates that a token could already flirt with the 0.03 USD mark by the end of 2021. In the longer term, the models show an upward momentum although it is very slight.
Among the questions, we highlight HyperDAO’s business sector. A sector which is certainly extremely buoyant but which is also synonymous with fierce competition.
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