HIPPO token (HIP) is a DeFi (decentralized finance) platform that operates on the BEP-20 Binance Smart Chain network. The one and only vision of the experimental platform is to build a fully community-driven decentralized organization. The litepaper states that HIPPO is a permanent lottery ticket in the Cycan ecosystem. Every day brings a new opportunity to various tokens. The Cycan network is a cross-chain digital asset management platform for HIPPO token holders.
As per the whitepaper, the HIPPO community seeks to launch a decentralized NFT marketplace in the future. In the marketplace, the NFT traders can trade NFTs with each other and can also conduct online auctions on the HIPPO platform.
The HIPPO community also sets up an IDO model known as the HIPPO HDO market. IDO (Initial Dex Offering) is a crypto token offering run on a decentralized exchange (DEX) that provides a cheap and straightforward way to distribute tokens of projects. Community supporters can participate in low-cost token distribution to obtain high returns.
The HIP, a native token of HIPPO, is built to support decentralized autonomous organization (DAO) driven by the Cycan community. HIP seeks to encourage long-term building and participation by the community.
Holders of the HIPPO token receive airdrops non-stop every day, making HIP a lottery token. Furthermore, the platform also allows holders to receive airdrops of different tokens in the Cycan ecosystem. Some rules have been specified to receive airdrops of various tokens in the platform. The first rule is the whale rewards, where the top holder receives 100 percent of the airdrop. Whereas the second rule is a random lottery, three-tier grand prizes are offered first, second, and third.