HOPR is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of HOPR are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
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A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review HOPR token by explaining what the coin is about, tokenomics, roadmap, ICO, staking insights of the project, listing the pros and cons, the supply and how legit/safe the token is for investment.
What is HOPR?
HOPR is a blockchain-based protocol aiming to solve data and privacy issues on a global scale. With an official initial coin offering (ICO) in 2021, HOPR sets out to completely decentralize private data exchanges.
According to the protocol’s official website, HOPR is a next-generation privacy solution, allowing both private and enterprise users to decide who has access to their online and personal data.
As a decentralized autonomous organization (DAO), HOPR is not controlled by a centralized entity, but rather governed by the HOPR community and supporters.
The protocol is a pioneer in introducing community-enabled governance (DecenGov), which puts control in users’ hands. HOPR aims to bring universal data privacy through the use of blockchain technology and distributed ledgers.
Who Are the Founders of HOPR?
Sebastian Bürgel is the founder of HOPR and president of the HOPR Board.
He graduated with a degree in information technologies and electrical engineering from ETH Zurich in 2008 and then completed a Ph.D. program in biomedical engineering in 2010. In 2016, Bürgel co-founded SONECT, an ATM as-a-service provider company.
He served as the chief technology officer for SONECT until 2017. Alongside working for SONECT, Sebastien Bürgel was also CTO at Validity Labs, providing education-related solutions via blockchain technology. In 2020, Bürgel left Validity Labs to start his latest blockchain project — HOPR.
There are 212,755,995.00 HOPR in supply worldwide.
Pros and Cons of HOPR
Pros of HOPR
- There is a surge in the market price currently
- Project whitepaper available
- There is a community
- Contract on Ethereum
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – HOPR
Cons of HOPR
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is HOPR Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, HOPR have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is HOPR Safe?
Being willing to invest in any token is a question entirely up to you to answer. HOPR token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
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