What Is Hyperion (HYN)?

What Is Hyperion (HYN)? Complete Guide Review About Hyperion.

What Is Hyperion (HYN)?

Hyperion The deployment section defines how to deploy the services. It is a mapping of service name to deployment configuration.Each service to be deployed has an entry in the deployment. This entry is maps data center profiles to compute profiles to create a final desired configuration for the resources required for the service. This says that the 20 instances of the service should be deployed to a data center matching the data center profile. Each instance will have the resources defined in the web compute profile available to it.

Hyperion Storage Key Points

Coin BasicInformation
Coin NameHyperion
Short NameHYN
Circulating Supply203,783,085.00 HYN
Total Supply7,876,642,307
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Tokens and Wallets

Setting up your Hyperion wallet and obtaining Akash tokens (AKT) is possible through several paths. Follow along with the guide of your choice to get started. As this software is created, maintained by the Akash community and can be trusted as such.

Decentralized Exchange (DEX)

The easiest way to purchase Hyperion Tokens ($AKT) is to buy Cosmos tokens ($ATOM) and swap your $ATOM for $AKT using a decentralized exchange (DEX). From there you can send the ATOM to a Keplr wallet and use Osmosis to convert it into AKT. For currently supported tokens in Osmosis visit check the token types in the Osmosis web app.

Funding your network account is required to use the network. All messages charge a transaction fee, deployment leases are paid by the account used to create them. There are a two ways to fund your account, buying tokens and applying for awards from the community.

Why do I need a wallet?

When using cryptocurrency, one of the things you need is to set up a “wallet” in order to hold your coins and use them. A wallet is simply software or hardware that enables you to take your cryptocurrency from an exchange (where you buy crypto) and transfer it to a place where it is usable. Exchange wallets are great for buying crypto, non-exchange wallets are better for just about everything else.

Hyperion Using your own wallet instead of storing crypto on an exchange is important because it reduces your risk of losing funds from an exchange hack, and it allows you to deploy your crypto into Decentralized Finance (DeFi) applications like Osmosis DEX or stake (lock up your funds to secure the network to earn rewards) at higher rates.

The Cosmos Ecosystem

The Cosmos Ecosystem has a few compatible wallets, but one that is extremely easy to use is Keplr. Hyperion comes pre-installed with support for Cosmos, Osmosis, Secret Network, Akash, Crypto.org, Starname, Sifchain, Certik, Irisnet, Regen, Persistence, Sentinel, Kava, Cyber, and Straightedge. That’s a lot of options! But, in fact, you can actually add any Cosmos based token through a few extra steps. This tutorial will show you how to download keplr on a browser extension.

Write down your Mnemonic Seed 12 word phrase on a piece of paper

Hyperion You’ll need these for the next step and if you loose your account information the mnemonic is the only way to get it back. Give your account a name and type in a password of choice. Use your piece of paper to click the boxes to arrange the Mnemonic Seed in its proper order. Once complete, store your Mnemonic Seed in a safe, protected place.

Mixin Messenger for AKT

The Hyperion Messenger app provides an ultra user friendly wallet, with support for almost all popular cryptocurrencies. The app is available on both Google Play Store and App Store. Mixin Messenger’s name comes from the app not only providing a cryptocurrency wallet but also a secure messaging platform. They will review the steps to get the Mixin Messenger up and running using an iPhone example. Once the app is active, the process to obtain AKT easily from your mobile device is covered.

Transfer of ATOM into Wallet

In this series of steps we will transfer ATOM into Hyperion Messenger with the eventual goal to swap ATOM into AKT (Akash token). On initial launch of the app you will be prompted to enter your mobile phone number. Your goal in this step is to receive ATOM from another account that holds some (I.e. an external wallet or exchange account you hold with ATOM). Following the copy of the Cosmos address, visit the external wallet that has ATOM funds and send a minimal amount (I.e. 1 ATOM for initial deposit) to the copied Mixin Messenger address.

Deployments

Applications can be deployed onto the Akash network using a platform that best suits your needs and preferences. Explore the following guides for your unique use case. The Akashlytics Deploy Tool is a desktop application which simplifies the deployment process on the Hyperion Network. Post deployment the tool provides a dashboard to view the status and details of workloads.

The dashboard also has the ability to perform administrative tasks including closing the deployment, updating the deployment, redeploying, and increasing the funding available to the deployment. When first launching Hyperion Deploy your mac will have an “unidentified provider” warning preventing the application from launching.