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Hyperverse Crypto is a new name in the world of cryptocurrency as it was named hyper fund at the time of launch. The Hyperverse Crypto ecosystem offers a decentralized financial infrastructure for digital currency users. The project is based on time travel that comes from the Metaverse effort. In the world of cryptocurrency, every day we get new information. Today, Hyper fund, Hyperverse, Hypertech, Hyperon, and Hyper Nation, all rebranded in the past months of a very large Ponzi scheme. A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors.
Characteristics of Hyperverse Crypto
It is reported that investors of the project can explore the cosmos within its metaverse. They can also create things and sell them.
The new name was given to Hyper fund because of its connection to Ponzi Scam. However, it was also believed to be that the company rebranded to Hyperverse to attract more attention from young investors.
Many people are searching to know about Hyperverse. It is reported that investors of the project can explore the cosmos within its metaverse. They can also create things and sell them. But the question is how the Hyperverse crypto brings unique differentiation and how is it different from other cryptocurrencies.
The Hyperverse is made of millions of planets in the metaverse. In this virtual world, players, also known as voyagers, can create tokenized items and start business. The new name was given to Hyper fund because of its connection to Ponzi Scam. However, it was also believed that the company rebranded to Hyperverse to attract more attention from young investors.
According to its whitepaper, Hyperverse aims to implement DeFi, NFTs, and Game-Fi components to create a digital world with a thriving economy. Hyperverse ecosystem aims to digital assets to the real world and support governance and regulation of trading activities within the ecosystem.
Features Of The Hyperverse Crypto
Hyperverse offers the following features to its users:
users can clone themselves and experience a virtual in the Hyperverse.
Hyperverse allows users to trade anything within the Hyperverse as NFT tokens.
users can start their interstellar enterprise in the Hyperverse universe.
Users can form groups to explore unknown places and planets.
Hyperverse allows users to trade tokenized real-world stocks, contracts, options, and ETFs (exchange-traded funds).
Users can govern the decentralized digital world via voting and proposing new amendments. HVT is the native token of the Hyperverse platform that allows users to join the Hyperverse economy. HVT is a multifunctional governance token designed for applications in community governance, trading in the Makepeace, depositing, mining, upgrading, crafting NFTs, and conducting space expeditions. A governance token is a token that empowers its owners to participate in the voting to shape the future of a protocol.
Is Hyperverse Crypto a Scam or Legit?
It is alleged that the developers offered 300% ROI for investing in the token. ROI is used for measuring the performance of crypto investment, or the multiple crypto investments. It attracted many young investors due to higher returns.
The project is called Ponzi as the crypto has a website that is not active or functioning, making it difficult to get more details about crypto.
The Finance Ministry has clarified that Virtual currencies are also not legal tender. Hence, VCs are not currencies. The RBI has also clarified that it has not given any license/ authorization to any entity/ company to operate or deal with Bitcoin or any virtual currency. Regulators in UK have issued warning against such fund and the Financial Conduct Authority (FCA) have warnings issued for both Hyper Fund and Fund Advisor.
On its website, which was first published on in March 23 ,2021 and later updated on August 31, the FCA said, “We believe this firm may be providing financial services or products in the UK without our authorization. Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorized .
Globally, Financial regulators acknowledge the fact that Ponzi scheme organizers often use the latest innovation, technology, product or growth industry to entice investors and give their scheme the promise of high returns. Potential investors are often less skeptical of an investment opportunity when assessing something novel, new or “cutting-edge.” On its website, Hyper Fund claims to be ‘The Strongest Rocket in Blockchain Finance.
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