The HVT exclusive smart contract is a smart contract deployed on the BSC chain (a smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code)
Smart contracts in the blockchain have the following characteristics: the rules are open and transparent, the terms and conditions of these contracts are fully visible and accessible to all relevant parties. There is no way to dispute them once the contract is established because the smart contract is encrypted and distributed storage, it can prevent loss or unauthorized changes.
A simple example can help you understand more clearly what a smart contract is : You have signed a transaction contract with James. The content of this contract is: You bought a sheep from James at a price of $100 in two days. Two days later, the market price of sheep went up to $200/pcs.
If it is a regular contract, James may not sell you sheep at a price of $100 as stipulated in the contract. But if it is in smart contract, James must sell it to you at the price specified in the contract which is $100. It is because one of the primary requirements of a smart contract is to record all terms and conditions in explicit detail. This is a requirement because an omission could result in transaction errors. As a result, automated contracts avoid the pitfalls of manually filling out heaps of forms.
If you are interested in learning more about smart contracts, please watch the following video:
On the HVT smart contract, all HyperVerse Tokens sent to this contract will be gradually released in accordance with the rules of this smart contract, and you can easily click to receive it on the contract website. The HVT smart exclusive contract takes the number of 6646 blocks added on the chain as a cycle, that is, since the creation of the contract, the HVT in the contract is released in cycles by cycle. During this period, the release and rate of the contract will be unavailable. It has been tampered with (it will decrease with the cycle), the released amount really exists on the chain, you can verify your contract release on the chain at any time, and ensure that all withdrawals will be credited to your BSC address (please check the input data )
The economic model of Hyperverse is drawn by many economists, data analysis scholars, and senior research experts in the blockchain field after repeated and rigorous analysis, model building, and simulation verification. It aims to ensure that all users on the platform make contributions to the community to obtain stable economic benefits with the participation in community activities.
The HVT exclusive contract is an important part of the Hyperverse meta-universe economic model. This contract to a large extent will ensure that Hyperverse Metaverse will bring huge benefits to community users in the process of rapid development, while its own economic system is also healthy, stable and sustainable.
In addition to the expansion of Hyperverse metaverse itself, there will be more third-party developers or independent game developers making and publishing their blockchain applications and games on Hyperverse. We look forward to witnessing the rapid development of the Metaverse ecosystem with all community users!