


The re-launch of the project shows that this team is focused on building and persevering through the tough times. This is no new project, but rather a project with a lot of experience that continues to innovate
Introduction
Thugs.fi is in the midst of its re-branding procedure; when completed, the project will be known as HyperJump.fi.
Let’s look at how far they have come so far and maybe answer when they are launching. I am also going to reveal some of the tokenomics for the new tokens, a sneak peek.
THUGS, How It Began...

The Thugs.fi project started early October 2020 and was a very "early" project on the Binance Smart Chain (BSC). The project started out as an AMM/DEX fork of SushiSwap on the BSC. The primary token was the $THUGS token, which had a unique burning mechanism in it. If the price was low, the burn rate was high, and when the price was high, the burn rate would go down. The maximum burn would be 50% which was put in place to deter selling.
The other tokens in the ecosystem were the $DRUGS and $HOES tokens which were primarily used for yield farming. You would get $HOES tokens in a 1:1 peg for staking $DRUGS tokens. Users could then stake the $HOES for other tokens resulting in double earnings.
Later, the $GUNS token was introduced. This token was to be used to create NFT (non-fungible tokens) in the planned game. A later addition made it possible to swap your $GUNS for East or West side NFT tokens.
The $THUGS community is in contradiction to its name, a charming and helpful bunch of people.
When a famous rug-pull took place on another project (Safu-Swap), the Thugs community helped the rug-pull victims get their funds out of the contract. Thugs also organized many giveaways, contests, and competitions. These Thugs have a golden heart.
Re-Branding

The reason for the re-branding is due to the current "harsh" theme. With tokens like $DRUGS $HOES and $GUNS, the project faces difficulties when creating partnerships and listing on exchanges. Overall the theme was ill-suited for mass adoption, and the re-branding will make the project more accessible to a broader audience. Both users and future partnerships will feel more at ease with the HyperJump space Theme.
HyperJump (previously TrapHouse)

The HyperJump theme is set in outer space but not bound to that. Alongside the space, theme is time travel and other dimensions. This means that the future game could have multiple worlds in which you can compete with other players. But development is yet to begin, so don't get too excited yet!
The $HYPR token is already in circulation and can be obtained by swapping your $THUGS tokens 1:1 for $HYPR. If you obtained $THUGS before February 25th, 5:25 AM UTC, you can still swap to $HYPR. The web page to exchange is no longer available, so users must visit the special telegram channel that was created to facilitate the swaps. If you bought $THUGS after the cutoff date, you would not be eligible for the swap.
Hyper Token
The $HYPR token has some exciting features to it. The token will have a variable burn percentage between 0.5% and 33%. This rate will be based on the price of the $BNB token (Binance Coin). The team is yet to release the exact formula for this burn rate but keep an eye on their medium page for an update. Further, the token will earn passive yield straight from within your own wallet. Every transaction triggers the previously mentioned burn, and 50% of the burnt tokens will be redistributed to HYPR token holder's wallet. Every time someone does a transaction, you will see your amount of tokens grow, pretty neat.
The remaining half of the transaction fees will be split, and half will go to the developer fund while the other half is permanently burnt. The developer fund will be used to fund further marketing and developments, ultimately contributing to the project's growth.

Alloy Token
The $ALLOY token will be the farming token for the HyperJump yield farms and staking.
To get your $ALLOY tokens, you will have to use the swap website interface that will be made available when the time has come. This interface will allow users to swap their $DRUGS, $GUNS, and East/Weststokens (all the same value) for $ALLOY. The swap will give you one $ALLOY token for ten $DRUGS tokens, so 10:1.
Although the token has an inflationary design, the developers have made sure to put a few mechanisms in place to control supply. For starters, the block emission will be the number Pi. This means 3.14159 new $ALLOY tokens will be minted per block. For reference, the $DRUGS token had an emission of 6.9 tokens per block. This alone already reduces the inflation rate, but there is more. One percent of the profits from the HyperSwap AMM will be used for buyback and burn $ALLOY. This will be an automated process coded in the contract. Further, the farms will have a deposit tax of 1%, which will contribute to the buyback and burn of $ALLOY tokens.
Overall these mechanisms are in place to reduce inflation and drive value to token holders. The team has improved upon the previous model and has mentioned that they have more mechanics in store. Until then, we can enjoy the improved tokenomics model of $ALLOY and wait for more innovation to come.
HyperSwap
Sneak peek at a part of the new UI

HyperSwap will be the new name for what is now known as StreetSwap. All the same, mechanics will still be in place, 3% of the fees will flow to liquidity providers, and 1% of the fees go to a buyback and burn of the $ALLOY token.
The only thing that will be different is that you don't have to access the AMM and liquidity pools via separate URLs. The new release includes the whole HyperJump project via one link.
Another nice thing to note is that the team has set up its own node for chain data (for correct prices). This ensures that the data will always be up to date. The servers have also been updated and should provide a lightning-fast experience
Upcoming Partnerships

Current TrapHouse users are eager to know when they can stake for other tokens again. I can tell you it is a matter of days now, but an exact date was not given.
While you wait, here is something to keep you cozy; here are some of the partnerships for farming that the Hyper Team has already confirmed:
- Supra Finance
- JetFuel Finance
- Crow Finance
- Juggernaut
- Sponge Finance
One partnership I didn't list was ChartEx. I am most excited about this partnership as it provides super useful charts for trading.
DAO

It is important to note that the HyperJump team has no distinct leader. All decisions are taken after a vote by the DAO (decentralized autonomous organization).
Currently, the DAO consists of 32 Members. These include the core team such as coders, sales, and marketers alongside committed community members. I myself have found myself in the DAO. On behalf of the DAO, we make every decision using a democratic process to best ensure those wise decisions are made.
Final Thoughts
The re-launch of the project shows that this team is focused on building and persevering through the tough times. This is no new project, but rather a project with a lot of experience that continues to innovate. Everyone on the team is doing their part to lift the project to the next level.
The awesome community is happy with the re-branding decisions and is eager for farming in the new liquidity pools. The new tokens $HYPR and $ALLOY both have great potential. I am especially fond of the $HYPR with its passive yield mechanism. This, coupled with the low emissions and buybacks on $ALLOY, makes this a token on my watchlist. If the calculations were correct, this should give a nice balance on the inflationary token, preserving its price.
As I said, it is a matter of days now before the doors will open. I can hardly wait to be honest, can you?
If you can't wait or want to know more and hang out in the telegram channel, you can check out the following HyperJump media and website links.

This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Want the latest DeFi secrets delivered directly to your inbox every week from a leading industry expert? Instantly learn about strategies that could have you earning APYs of up to 69,000% with DeFi Maximizer. Sign up today and enjoy a 25% discount off of your first month!
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Author
Related News


Community Engagement Showdown: Exploring The Strategies Of DogeMiyagi, Chainlink, And Ripple

DogeMiyagi stands out with its unique approach and entertaining nature, appealing to a wide audience and fostering community involvement.
Community engagement strategies play a pivotal role in shaping the success and growth of various platforms in the realm of cryptocurrency. This article explores and analyzes the community engagement strategies employed by three prominent players in the crypto space: DogeMiyagi, Chainlink, and Ripple. By examining their approaches and their impact on platform growth, this article aims to shed light on the diverse strategies employed within the industry.

DogeMiyagi: Embracing Camaraderie And Memes
DogeMiyagi, a captivating new meme token, has emerged with a unique approach to community engagement. Inspired by the legendary martial arts master, Mr. DogeMiyagi, this platform harnesses the power of camaraderie and the indomitable spirit of its community. With a comical tone, DogeMiyagi appeals to individuals seeking both entertainment and investment opportunities in the crypto-verse.
The platform encourages users to connect their wallets and generate unique referral codes, allowing them to easily share the opportunity with friends, family, and online connections. Each time someone uses their code to purchase $MIYAGI tokens, they earn a generous 10% commission on the investment, automatically credited to their wallet. This incentivized referral system promotes community involvement and rewards active participants, fostering a sense of belonging and collective growth.

Chainlink: Empowering The Decentralized Oracle Network
In contrast to DogeMiyagi's lighthearted approach, Chainlink focuses on building a robust decentralized oracle network that connects smart contracts with real-world data. With a strong emphasis on reliability and security, Chainlink's community engagement strategy revolves around educating and collaborating with developers, enterprises, and blockchain enthusiasts.
Chainlink actively engages with the community through various channels such as developer grants, hackathons, and forums. They provide comprehensive documentation, tutorials, and developer resources to encourage the integration of Chainlink's oracle solutions into diverse blockchain ecosystems. By fostering collaboration and supporting developers, Chainlink aims to establish itself as the go-to oracle provider in the industry, driving growth through partnerships and innovation.
Ripple: Facilitating Cross-Border Transactions
Ripple, a renowned player in the crypto space, offers a unique approach to community engagement with a specific focus on facilitating seamless cross-border transactions. Ripple's platform aims to revolutionize the traditional financial system by providing faster and cost-effective international payment solutions.
Ripple engages with its community by partnering with financial institutions and industry leaders, building a network that enables frictionless global transactions. Through educational initiatives, conferences, and webinars, Ripple educates both consumers and businesses about the benefits of blockchain technology and its potential to transform the financial landscape. By collaborating with established players and advocating for regulatory clarity, Ripple seeks to create an environment conducive to the widespread adoption of cryptocurrencies, thus driving its own growth and that of the crypto industry as a whole.

In the crypto landscape, community engagement strategies play a pivotal role in shaping the growth and success of platforms. DogeMiyagi's approach, driven by camaraderie and a comical tone, taps into the power of memes and incentivized referrals, fostering a strong community bond. Chainlink, on the other hand, focuses on education, collaboration, and technological innovation to position itself as a trusted oracle provider. Ripple's strategy revolves around partnerships, regulatory advocacy, and the facilitation of cross-border transactions to drive the adoption of blockchain-based financial solutions.
While all three platforms demonstrate their strengths and contributions to the crypto industry, DogeMiyagi's unique approach and entertaining nature set it apart. Its emphasis on camaraderie, memes, and incentivized referrals appeals to a wide audience and fosters a strong sense of community involvement.
For those interested in exploring the world of cryptocurrencies and discovering unique opportunities like DogeMiyagi, join the meme coin revolution, and embark on an exciting journey with DogeMiyagi.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!

Swap Now

Sign up Now
Coming Soon

Bet Crypto

Claim Bonus
Coming Soon

Sign Up Now

Earn Now

What is this?

Play Now

Sign Up Now
Coming Soon
Editors Choice
Other Currencies
- nameLTBuyLitecoin
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyEOS
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyMonero
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyBitcoin Cash
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0%