Recap AMA HOPR in Cryptowid Community

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AMA series HOPR With Cryptowid Telegram Community

On april 15, 2021 at 12pm UTC 7pm WIB Indonesia Time in the Cryptowid Telegram Group. AMA HOPR started with Mr Sebastian Bürgel – Founder of HOPR. When campaign, 10 lucky AMA participants when best asking questions Twitter and AMA sessions will get a total prize of 100$ USD The following is a summary of AMA questions and answers announced by the moderator and guest speaker.


speaker introduction 

Mr. Sebastian Bürgel: I’m Founder & CEO of HOPR working on HOPR for the past 2 years and blockchain topics for the past 6 years.

Like many, I joined the crypto space through Bitcoin – that was in late 2013 when I still worked as a PhD student at ETH Zurich on microtechnology. Bitcoin was fascinating but became boring when I realized how little I could do with it as I’m not a finance guy. I have loved coding since my teenage years, so for me the crypto space only became really exciting again when Ethereum launched. The Ethereum Genesis block on July 30, 2015 was probably my least efficient “working from home” day, as I tried to get the most basic Solidity tutorials to work!

Since pretty much nothing was working back then, I had to attend Ethereum Devcon 1 in London to learn more and it was there when it became clear to me that Ethereum was the next big thing, like the Internet, that I had been waiting for.

So I quit my job as a postdoctoral researcher, co-founded the fintech startup Sonect (that initially was working on a private Ethereum chain) and later co-founded the blockchain education and development company Validity Labs which we scaled to 19 employees without any investors and which was the birthplace of HOPR. https://medium.com/hoprnet/introducing-the-hopr-founders-how-hopr-came-to-be-1d60ec43a577

SEGMENT 1 INTRODUCTION PROJECT

1. Please tell the community what is HOPR in detail ?

Mr. Sebastian Bürgel: The HOPR network is an incentivized p2p network where nodes are relay points for transferring data between users. Data is encrypted and mixed in between nodes so the only people who can decrypt the data as well as know the source and destination are the actual source and destination.

Users running nodes are incentivized to perform their duties correctly as the more successful packages are routed, the better the odds are for rewards, thus incentivising nodes to operate correctly.

https://medium.com/hoprnet/introducing-hopr-your-next-generation-data-privacy-and-protection-platform-d4c8ef634fdc

2.  What is the background behind HOPR project creation?

Mr. Sebastian Bürgel : Let me answer this question 😉 We are currently a team of 14 people, almost half of them are working on the technology. The team is based in Zurich, Switzerland, but about half the team is working from remote.

I met my co-founder Rik Krieger in my previous startup and also worked with a bunch of our tech team previously. Especially now it’s so important to have a common team spirit so that’s important for us. You can read some more behind-the-scenes of our founding team here

https://medium.com/hoprnet/introducing-the-hopr-founders-how-hopr-came-to-be-1d60ec43a577

3.  As we know, every serious project always have their own roadmap. Could you please explain HOPR roadmap and also what phase is currently ongoing? 

Mr. Sebastian Bürgel : One of the major milestones for 2021 is the launch of the HOPR Association DAO, which will hand a lot of decision making power over to HOPR token holders.

I would hope that 2022 would see continued expansion of the HOPR ecosystem and improvements to the protocol, but one of the most exciting things will be that the community will be in charge of setting that roadmap. You can find our roadmap at the bottom of the page: https://hoprnet.org/token

4. We are so curious about SadCat Token $HOPR, could you please tell us about $HOPR its total supply, its features, and where we can buy it?

Mr. Andrew: The total supply of the HOPR Token is currently 130m HOPR.

The HOPR token has three main uses: Users can pay with HOPR tokens to send data through the HOPR network privately and securely.

Node runners can stake HOPR tokens in their nodes to be rewarded for relaying data. Node runners receive fees in HOPR for the data they help to relay, including a large number of tokens distributed in the form of cover traffic – arbitrary data which helps boost metadata privacy for everyone in the network by obscuring usage levels.

Finally, the HOPR token gives users voting power in the HOPR Association DAO, launching at the end of 2021.

As metadata privacy becomes increasingly important, the demand for technology like HOPR is only going to increase. Billions of gigabytes of data are sent every hour, and this figure is only going to grow. This represents an enormous market for HOPR in the medium and long term.

5. What is HORP strategic plan for the future? 

Mr. Sebastian Bürgel : Over the next months we are working on the more detailed description of the protocol, preparing for cover traffic incentives and increasing reliability of the protocol.

Once we have achieved that we are ready to onboard a large number of users and applications who can use HOPR. HOPR is here to enable data privacy for any sort of users, not just crypto users.

SEGMENT 2 QUESTION FROM TWITTER

1. From @Rarr0103

They say that The HOPR community fights for the digital privacy of the future; and that everyone can be part of this movement. But could you explain to me how users and projects can be part of this movement? And what is the plan to achieve this digital privacy of the future?

Mr. Andrew : HOPR is built by the community for the community, that means you can:

1. Join the governance of the HOPR network – the HOPR token entitles you to that. We will have more on governance very soon.

2. Run a node! Currently there are no incentives yet (coming in about 2 months) but you can already check it out via docs.hoprnet.org and get started to test things out

3. Developers are invited to participate in bounties – we regularly post bounties on Gitcoin and you can earn HOPR for working on them, some are even very newcomer friendly!

2. From @RosemaryT08

Speaking of your native HOPR token, can this only be acquired or purchased at UniSwap? Do you plan to integrate it into more exchanges in the future? What is the long-term plan and vision with the HOPR token?

Mr. Sebastian Bürgel : HOPR lives the ethos of a decentralized and privacy-first web3 world. As such, the HOPR token is firstly listed on decentralized exchanges with significant liquidity. If you look at the HOPR-DAI pool on Uniswap you see that it’s a top 20 Uniswap pool, ahead of e.g. MKR, currently with over $40m in liquidity!

https://info.uniswap.org/pair/0x92c2fc5f306405eab0ff0958f6d85d7f8892cf4d

That is amazing and shows just how far DeFi has come. At the same time we see how main net Ethereum is expensive and we are thinking about supporting other decentralized exchanges very soon. So far you can already participate in our Uniswap liquidity farming program and earn extra HOPR tokens for providing liquidity to the HOPR-DAI liquidity pool on Uniswap.

https://medium.com/hoprnet/the-hopr-farm-should-you-join-the-harvest-96f9936d0dae

3. From @BeatEvolet

Anyone can run a Hopr node to earn tokens, my question is by acting as a node, does this shorten the lifespan of my devices? and how can I buy your physical node? is it really as fast as they say? 

Mr. Andrew : The main difference is that our node does not require huge hardware specifications, at the moment we only require a user to have a 2GB of RAM, 64bit CPU and that’s it! So it will not shorten the lifespan of your device as usual.

Our physical node called HOPR PC is more than enough to run a node, it has 8GB of RAM, 1Tb SSD disk space and intel 64bit processor. You can get HOPR PC directly here: https://ava.do/checkout/hopr

More about HOPR PC you can find information here: https://hoprnet.org/node

4. From @ETaguebou

How will your project develop this year and in the future? and can you tell me more about $HOPR ? And what kind of tokens do you currently have?

Mr. Sebastian Bürgel: You can actually check out what we build in a very transparent fashion – all our code is free and open source and very actively being developed on https://github.com/hoprnet/

You can read more about the HOPR Token at https://hoprnet.org/token you can buy the hoprtoken on Uniswap or Gate.io – see the questions above on more details for the token (it’s payment, staking and governance token)

5. From @alisa_crypto

without proper marketing and capital infusion, project dies, how do you convince us you have adequate marketing power and capital to push this project to the top project?

Mr. Andrew : HOPR is growing on the marketing side and we are increasingly active in that direction. At the same time it is important to see that HOPR is a long-term project. We are not building a quick yield farm that is active for 6 months and then dead.

HOPR is here to stay and provide data privacy for the world of tomorrow. We are committed to sustainable growth – not just in a bull market. We have been working in the space for a few of these cycles and are confident that we have what it takes to take web3 projects to success despite crazy markets.

SEGMENT 3 FREE ASKING

1. Do you have a word of encouragement for we the community and we holddlers so as to encourage us to buy and invest more in HOPR ?

Mr. Sebastian Bürgel : I won’t give investment advice but I can assure you that the HOPR team is not just here for the bull market but to power through the next bear market. If you are looking for a project that will keep shipping when the global party is over, HOPR is your pick.

If you are looking for a project that ships something of use to everyone on this planet and not just a few 100 crypto bros, HOPR is your choice. If you are looking to change data privacy for good, join HOPR! hoprnet.org/token

2. One of the features of HOPR is that it makes cryptoasset transactions private,Today smart contracts and Blockchain offer anonymous transactions so really HOPR is offering something new ? What makes to Hopr so special?

Mr. Sebastian Bürgel : Privacy is only meaningful if it’s approached holistically. So we really need full-stack privacy, not just on one layer. There are a bunch of on-chain privacy projects such as Tornado.cash or AZTEC Protocol.

But in the end they are of limited value if your ISP still knows THAT you are using a specific private DeFi app even if they don’t know WHAT you are sending there. That is how HOPR is complimentary to many on-chain privacy projects on Ethereum and elsewhere.

3. Rug-pull and scam become a daily problem. How user can trust your project not to do the same and how you are different?

Mr. Sebastian Bürgel 

The team is actually locked up for a long time! So we will not get any tokens for at least 1 year and also then the release will go for 4 years in total. So we really have no incentives to disappear. In addition, I invite you to join our Telegram and see our engagement (t.me/hoprnet) or read about the story about our founding team: https://medium.com/hoprnet/introducing-the-hopr-founders-how-hopr-came-to-be-1d60ec43a577

4. Which areas are your team focusing on at the moment? (DeFi, Stake,Dapps,NFT, Yeild Farming)? what is your goals in this year and next year?

Mr. Andrew : Yes! actually in HOPR we’re working towards a staking program for node runners. So you will be able to stake HOPR tokens and relay cover traffic to then earn HOPR tokens.

Currently, we are starting a Uniswap liquidity mining program. In fact Uniswap liquidity farming has a first cut-off date in about 2h if you want to join season 1! Otherwise you can join season 2 next week. See our detailed instructions here

https://medium.com/hoprnet/the-hopr-farm-should-you-join-the-harvest-96f9936d0dae

5. You mentioned that all HOPR token holders will be implemented into HOPR DAO. Is this completely DAO, or are you leaving any rights for the team? please explain a little about how this DAO mechanism will be implemented?

Mr. Sebastian Bürgel : Governance is a super important topic for HOPR. We already made early commitments to that as you can see from the HOPR Genesis DAO that decided on our token launch in February

https://medium.com/hoprnet/bootstrapping-decentralized-governance-the-hopr-genesis-dao-fd4e6a2eb41b

As you can see over 50% of the 3000 participants actually voted – that is an amazing turnout and we are very happy with the engagement of our community. We are currently preparing the next level in terms of governance and you can expect more news and more involvement from all of you who hold $HOPR tokens to take part in deciding how HOPR works!

The team will have some tokens to vote with but we will be easily out-voted by everyone else so that is not a major concern. As we have seen in the Genesis DAO, we are happy to implement decisions of the community even if I personally do not like them. With HOPR, the community is in charge!

AMA FINISHED

DON’T FORGET FOLLOW HOPR OFFICIAL

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