The HOPR protocol provides network level data protection and metadata for any type of data exchange. Better designed as a TOR, the Mixnet protects the identity of the sender and receiver by routing data through multiple intermediate relay hops that mix the traffic. Now the project starts staking with NFT rewards and you can earn over 18.25% APR.
The HOPR staking program
HOPR, the very first open incentive communications mixnet where users earn tokens for running nodes, is launching a gamified staking program. The contract will be available for staking deposits starting July 20th, rewards payouts will begin on July 27th, and the program will run for 175 days.
The contract will be deployed on xDAI Chain and the staking token will be xHOPR. To set and block tokens, you can simply send xHOPR to the contract address from the address you want to deposit from. Rewards are paid out in wxHOPR, the project’s packaged token. The developers also provide an interface to manage your stakes, rewards, and NFT boosts.
The staking contract pays 0.05% per day, whichever is greater 18.25% APR, but you can keep increasing that APR by earning and redeeming NFTs. The NFT boosts are mainly a way to get the community involved in testing the more advanced parts of the HOPR protocol like cover traffic, but the developers will also be issuing NFTs that are linked to specific events like the experiments, games and promotions, as well as partnerships with others are projects to bring new users to HOPR.
Read the full details of the HOPR staking program here.
Data protection and decentralization
If you are new to HOPR, it can basically be explained as a decentralized network where users can send encrypted data without revealing their metadata.
More and more people today are becoming aware of how all of our private data and metadata is collected, recorded, sold and potentially used against us. This has resulted in a massive surge in VPN services claiming to protect your privacy online – but these are centralized companies that you need to trust that they are actually honest and not compromised anyway. TOR is a more decentralized data protection solution, but there is a lack of incentive for people to keep the network going, which means it is very slowly and practically stagnant.
HOPR solves both problems as it is completely decentralized, transparent and provides incentives to maintain the network in the form of digital tokens. The team of experts behind the project is publicly known and has even developed a hardware router that can be used to access the network directly.
To learn more about HOPR, visit the project’s website and follow the community on Twitter, Telegram and discord.
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