Eric Duan discusses HyperGraph's decentralized data network

0:23eric just a little bit of a high-level overview on hyper graph and some of the solutions that your team is bringing to the blockchain space okay well so what our project do is to provide the data query services on blockchains for the apps and for the nft project teams so what each the app and the ft project they

0:52need to do is they need to curate the new block data from the blockchain right like you need to keep reading the new blocks like every 14 seconds on ethereum or like every three seconds on like bic okay so you need a really expensive server to build a server to read this and it

1:22cost like three thousand to five thousand us dollars per month and you need a very experienced developer and to manage all of these stuff but what our project do is we help you to provide these services and we already built the node we call it indexing node so the df teams they only need to deploy their program on our server

1:55and it only costs like 30 percent of the price of their building their own server and it also saves a lot of labor time one experienced programmer only cost him i think about less than one day i would say unless a one day they got the problem

2:24solved yes that's what we do yeah and also yeah that's what we do yeah yeah definitely thank you for that intro eric and you mentioned decentralized data networks you know d data and being able to grab information about the block times for nfts for d5 applications is this something similar you know when i when i

2:50hear grab information from updated blocks i think of oracle's looking at for price information or finding external information is this different from oracle's is we have some similarities but oracle just grabs several informations the oracle machine but what our service is

3:21we provide whatever information all information what your project need and you can get it from our software so or is they only process several kind of information like as a price or the trading volume things like that but we read every blog and record every block so we have everything

3:50definitely okay that's great to know and you know right now the majority of nfts and d5 applications are running on ethereum and also on binance smart chain as you mentioned but it looks like hypergraph is focusing the underlying technology on the huobi eco chain that you know the heco which not as many people know about yet but it is up and coming and has a lot of

4:11promise can you talk about your focus on building on heco and how that interacts with ethereum and finance smart chain yeah the reason we first started on kiko chain is because the project teams from they use eco technology and come to find us say oh we need these kind of solutions you know we can process the data this quick

4:40because in esc and heco there is like every block new block every five seconds of three seconds every new block and on each new block they are like over 500 of status so you really need to process every 500 of data every three seconds and to find what's the information inside them

5:06you need and which is kind of tedious for the programmers because it's very very neat need many many optimizations not every programmer can solve the problem so there are many many project teams he co-chair and they have the problem they are having their data delayed to display so they come to us and we can and luckily we have the solution and so

5:36that's why our first several of the several of the projects our clients we serve is on the hiko chain and we see a very large growing demand on the on the heco like every like thousands of new projects every day i think and also bsc and now we also have bsc customers like

6:04dodo ex is our customer that's great and with the project being in the early stage you're having a lot of customers obviously they require this kind of platform do you have to incentivize people to move over to hyper graph or are you seeing a lot of organic growth and do you think just the cost savings alone is enough for people to switch to use

6:29hyper graph yes sir currently we didn't do any proposed promotion yet because the organic growth is kind of occupying our team yes and both from hico and on the bsc so like our project started at may this year and

6:57march this year and now it's made just like two or three months but we are already served over 30 projects yeah so it's a growing demand and the reason why is currently i think to my knowledge we are the only one a solution that can meet the performance demand on kiko and the bsc the performance of every new

7:26block every three seconds so there are some several similar solutions on ethereum which is like 14 seconds per block and it's okay but for the high promote high performance chance like hico and bsc we are the only service providers that can meet the demand so many many project teams come over and find us

7:54ask for solutions yes that's great and with this seems very developer focused you know at least those that are running d5 applications are going to be the developers that are interacting with hyper graph i'm not sure about the nfts but i'm interested in that as well is the platform onboarding very developer focused is it designed for developers or is

8:16it also you know if required by people that are using nfts that aren't very technically savvy currently our service is mainly to be focused so our clients are project teams and like the d5 exchanges swaps teams and ift projects because they are very

8:42Timely aware of their you know surprises or the fft or doing options you couldn't let your customer know that like so any data display cannot be delayed you know your customer is sensitive to the accuracy of your your price so our clients are from this kind of projects but we are having we are making

9:12our service public so we are building a data network which will go online next month okay and actually we are having the registration open up right now so at that time everyone if you have a cloud server which is idled or you want to provide a node service and to earn some hgt tokens

9:39so you can just link your server to our network and provide the same service to the to the project teams that's like what we do right now and you will earn sgt as as your reward and if you does not have that kind of technical resources like that's

10:08our community member and you can stay do staking stick your http token to those server nodes and share their revenue that's great and i was going to ask you about that it's really advantageous to have anybody be able to set up nodes and be earning hgt tokens can you just talk about the overall platform and how it interacts with hdt is it just for running the nodes

10:36for staking how else is it involved with hypergraph and does it create a sustainable ecosystem for all of the participants in hypergraph yeah our team is a blockchain and decentralization believer so we want to make our service public and have all the ecosystem and running by the hgt token and governed by the dao protocol so if you want you are want to provide

11:07service to others so you staking several hgt lock up on your server okay which is ten thousand a hundred thousand hdt minimum okay hundred other http you stick to your server and you can provide service to others and for those project teams they want to buy

11:35your service so they just top up the hgt token to their account so every service they use and they will consume their the value of the top up and then they use it up and they pop up again and also also the token will go circulated and we also have the destroyer and consuming mechanism so

12:07every trade on our services either you're buying services or you're doing sticking and we'll have a five percent or one percent of our the whole transaction we will be burn out real world destroyer like collecting taxes definitely good

12:37to know and thank you for that explanation on hgt now you mentioned that there's a couple updates coming can you give just a snapshot of where exactly the platform is at right now and in the next coming months here what are the major releases and milestones for hypergraph okay currently we are supporting two major blockchains high-performance

13:02high-performance broadcast both the heco-chan and the finance bfc so and at the end of this month you can register so you save some hdt as a hundred thousand hdt and you can provide your server and link to our network

13:30and it will be open up so people is free to come and go so if you want to register the service or the project team want to set up their query service on the servers they just register on our website and create our account and deploy their code to the server and they can do the

14:02curie great eric thank you so much and if the viewers are looking to learn more about hypergraph and follow along with these platform updates what's the best way for them to get involved in the community i think we welcome you to four to follow our tutor and join our telegram chat group and also pay attention to our

14:32our website and to see all the news we have and also currently we are doing a mining activity so both on bsc and on hakko so and you can do lp to provide the liquidity for our swap and get some http tokens so and by the time on next month when our network starts up and you can stick your

15:03sgt token to the us to the server nodes and you will be receiving as fgp rewards great thank you so much eric i will leave those community links in the description box below thank you for the information about the mining and the lp as well i will leave that as well in the description all the best with hyper graph moving forward and let's follow up in

15:24the near future thank you good luck to everyone thank you