Buy HOPR
What is HOPR?
HOPR is a utility token on the Ethereum network, primarily designed for use within the HOPR decentralized platform. It facilitates private and secure online communication and data exchange by employing advanced encryption techniques and a peer-to-peer mixnet architecture.
How does HOPR work?
HOPR operates by routing data packets through a mixnet on the Ethereum network, where they are handled by multiple nodes to obscure their origin and destination. It uses a "proof of relay" mechanism, different from traditional consensus algorithms, to incentivize node operators to accurately and efficiently relay data. The platform also uses the Sphinx packet format to ensure data packets appear uniform, preventing metadata leakage, along with probabilistic payments to manage transactions efficiently.
What are the potential use cases for HOPR?
HOPR can be used for:
- Private Data Transmission: Send data privately using tokens within the network.
- Node Operations: Stake tokens to earn rewards for relaying data.
- Governance: Participate in decentralized decision-making within the HOPR Association DAO.
- Integration with Messaging Platforms: Enable private communication on existing platforms.
- Privacy Layer for Cryptocurrencies: Offer anonymity in digital currency transactions.
What is the history of HOPR?
HOPR was founded by Sebastian Bürgel and Robert Kiel, evolving from their interaction with Binance team during EthCC in 2019. Funded by a $1 million seed round led by Binance Labs in 2020, HOPR launched its testnet and community support program soon after. It has since grown to over ten thousand Telegram members and developed significant partnerships in the Web3 ecosystem, leveraging its privacy-preserving network to address modern data transmission challenges.
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Frequently Asked Questions (FAQs)
What is the current price of HOPR (HOPR)?
The HOPR price is $0.14522498 AUD, representing a -0.77% from the day prior.
Where is the best place to buy HOPR (HOPR) in Australia?
The best place to buy HOPR (HOPR) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell HOPR (HOPR) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of HOPR (HOPR)?
The trading volume of HOPR (HOPR) is $397.4K AUD in the last 24hrs, representing a -0.77% from the day prior.
How can I buy HOPR (HOPR)?
HOPR (HOPR) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of HOPR (HOPR)?
The current market cap of HOPR (HOPR) is $66.1M AUD.
Can I convert HOPR (HOPR) to cash?
Yes - With Coinstash you can convert your HOPR (HOPR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many HOPR (HOPR) are there?
The current circulating supply of HOPR (HOPR) is 460.6M.
Is Coinstash a safe place to buy HOPR (HOPR) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling HOPR (HOPR) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.