FYI: The HyperVerse Refund Program commenced on the 20th of January 2023 and is still ongoing.
When Bitcoin was first created in 2009, it was only obtainable through mining and the mining was so easy that you could mine hundreds of Bitcoin using a basic computer, at the time it didn’t have much value and it was so cheap that in 2010 that an enthusiast paid 10,000 BTC to acquire two large pizzas in what’s now regarded as the first real world Bitcoin transaction, it was estimated that 10,000 Bitcoin was worth about $40 then. Today 10,000 Bitcoin is worth about $230,000,000 which would be enough to probably purchase several pizza restaurants and still have a lot of change left.
Not long ago, Bitcoin rose to the point where that same 10,000 Bitcoin was worth $650,000,000 and this just shows how volatile Bitcoin and other Major Cryptocurrencies can be, while Bitcoin is still king with a major share of the Cryptocurrency MarketCap, when it comes to real world usage as a form of payment for transactions, the shift is gradually happening in favor of Stablecoins.
WHAT IS A STABLECOIN?
Stablecoins are cryptocurrencies with a price that’s designed to be pegged to crypto, fiat, or to exchange-traded commodities such as industrial metals or precious metals like Gold, the most popular Stablecoins and those who retain the same value overtime are those that are pegged to the US Dollar, Infact USD pegged stablecoins are so popular that there are two of them in the top 4 position in the Cryptocurrency MarketCap, surpassed only by the two greatest coins on Earth… Bitcoin and Ethereum.
There’s a strong surge in the growth of the Internet of Things(IoT), Artificial Intelligence(AI), & Augmented Reality applications and in recent times, stablecoins, especially those issued by huge consortiums, has morphed the payments and transfer processes such as sending funds from one corner of the world to another. Stablecoins are boosting the adoption of digital assets while bringing more trust and stability to the crypto space because it gets rid of one of the biggest challenges to Bitcoin adoption as a mode of payment…. Volatility.
HyperVerse x Stablecoins
We have always had the knack for leading innovation and offering stability to our members and in line with this vision, we decided to issue the refunds exclusively in Stablecoins, this serves a dual purpose, while it ensures that the value of the assets recovered never drops in value irrespective of the sentiment in the market, it also offers refund claimants the opportunity to get back exactly what they have put into the platform without a cent short as Stablecoins are an effective hedge against Volatility.
The refund program currently has no deadline, this is designed to enable as many users as possible reclaim their refunds. The stablecoins supported for the refunds are USDT, USDC and BUSD.
For further questions and enquiries, don’t hesitate to reach out to our livechat support personnel in the Refund Portal.