I know what you're thinking. Not again!!
Yes unfortunately. This latest shitcoin is being pushed hard in the Poloniex/cryptsy trollboxes, bitcointalk forums & social media as a fair coin when it has one of the most fraudulent distribution schemes in crypto so far.
Let's start with the original ANN mirrored here:
https://bitcointa.lk/threads/ann-hyp-hyperstake-proof-of-stake-750-annual-fork-launch.338527HyperStake will be created via hard fork of an existing coin, TruckCoin. The fork will occur Sun, 06 Jul 2014 20:30:25 GMT.
HyperStake
Faster-than-light crypto
High PoS coins like HBN (100%), CAP(200%), TEK(500%) is not enough? Enter HyperStake, the coin light-years ahead.
What is HYP?
HyperStake is meant to be an experimentation in cryptocurrency economics. Do you like the thrill of living on the bleeding edge, and get the features before the others? Then HyperStake is for you.
We won't experiment for the stake of experimenting. We want the coin to be viable too.
We will listen to you, we will use bounties for offloading work for on you.
HyperStake is using a fork launch, as mentioned above. This means we had to actually buy into the coin instead of creating an IPO or pre-mining. A quick warning that TRK did have a premine of 120k which is mostly spent and is completely unrelated and uncontrolled by the HYP team.
Hyperstake is based on Truckcoin.
Who are the devs?
Captain presstab and Commander davidlatapie are experienced holders and freelance devs of several coins (HBN, TEK, NOBL, TRK, MINT, XMR...). They are currently the only devs but are open to accept pull requests and submission from other community members.
HyperStake Technical Details:
Proof of Stake
90 Second Block Time
Minimum Age ~ 8 days
Maximum Age - 30 days
Annual Interest Rate - 750%
Maximum Stake Subsidy - 1,000 HYP
Recommended Block Size - 1,600 HYP
Why did you fork an existing coin?
After buying into TruckCoin and seeing the diminishing exchange rate because of lack of dev support, we decided to take things into our own hands. We are giving the TRK community a chance to make their coins worth something again. We get to take the coin into our own hands through a voluntary hard fork and we plan on adding many features through time. Join the experiment with us.
If you have TRK right now that you would like to be able to use as HYP, then it will need to be withdrawn from any of the exchanges and held in a wallet. You will then be able to locate the wallet.dat file in the appdata directory in the truckcoin folder. Make a copy of the wallet.dat and copy it over to the hyperstake folder. Note that this does not destroy or transfer your truckcoin or anything like that. If you have TRK before the fork you will essentially double your coins for free.
Wallet
We will release a wallet after the hard fork occurs. We will stake the first forked block and we will checkpoint it into the client, upload the repo, and link everyone to a freshly built wallet.
To Do
- Get an exchange
- Updated logo (right now using very basic design)
- Block explorer
- Website
Seems innocent enough. Since they're forking TRK, i'm sure they've given everyone plenty of time to buy TRK and get free HYP right? Wrong
https://i.imgur.com/E66eVxQ.pnghttps://i.imgur.com/468h0H5.png Mere HOURS, when they knew they were going to fork it
weeks in advance
This allowed these schemers to pick up cheap TRK unnoticed prior to launching/forking their new HYP coin (don't worry, i'm sure they didn't do this due to their impeccable morals.. HAHAHAHAHAH) allowing them to get freee HYP at the fork. Not to mention the bags of the TRK shitcoin they were holding which prompted them to start this Hyperscam in the first place.
This is called buying with inside information (insider trading) and it's ILLIGAL! If this were securities/stocks/equities and not crypto, these clowns would be spending years in FEDERAL PRISON for insider trading.
Guaranteed i'm not the only one that has a problem with this distribution scheme... clearly the launch/fork date needed to be edited out of the present day ANN (it has been) else it might raise some questions!
HYP has had close to a 1000% rise in the past few weeks, time to put a stop to this nonsense... shitcoins like this give crypto a bad name. The game is rigged friends and guess who benefits? Surprise! captain and commander here at the top of the richlist.
https://i.imgur.com/3UqOtGY.pngI wonder if Presstab and David fud'd their own coin. If so, they royally screwed up.