Wrapped xHOPRPrice

(WXHOPR)

Wrapped xHOPR (wxhopr) facilitates true privacy in Web3 by supporting the HOPR network's incentivized mixnet, which transmits data without revealing metadata. The HOPR project aims to give users control over their online data access. Operating on a blockchain, specifically Gnosis Chain, allows for lower transaction fees and underpins the decentralized nature of the HOPR privacy network. This blockchain foundation enables node runners to earn HOPR tokens for their contributions, ensuring a robust and distributed privacy infrastructure.

Wrapped xHOPR is integral to the HOPR network's operational mechanics. It has a maximum supply of 492,203,776 WXHOPR. This wrapped token is primarily used within HOPR nodes on the Gnosis Chain, enabling participants to stake their tokens and earn rewards. Understanding its supply and utility provides insight into how the token supports the network's incentivization model and ecosystem growth.

While specific security audits for wxhopr itself are not detailed, the broader HOPR project emphasizes secure smart contract development and infrastructure. Web3 security measures typically include protections against vulnerabilities like reentrancy attacks, integer overflows/underflows, and front-running. Users are also advised to adopt secure wallet practices to safeguard their digital assets. This multi-layered approach aims to protect the integrity of the network and user funds.

The HOPR project is an open-source initiative, fostering community contributions from anyone. The HOPR Association is the driving force behind the development of the HOPR protocol, which relies on the use of wxhopr. This structure ensures that the project benefits from a wide range of expertise while maintaining a core guiding entity for its strategic direction and evolution towards decentralized privacy.

WXHOPR tokens can be acquired through trading on decentralized exchanges. Additionally, users can wrap xHOPR into wxhopr by utilizing a dedicated wrapper utility provided by the project. This gives users flexibility in obtaining wxhopr, either by converting existing xHOPR or by purchasing it directly on trading platforms that list the token.

To operate a HOPR node and qualify for rewards, a minimum stake of 30,000 WXHOPR is required. This minimum is reduced to 10,000 WXHOPR if you possess a Network Registry NFT earned from participating in testnets. For the node itself, hardware requirements include a device with a Dual-Core CPU or 2vCPU, 2GB of RAM, and at least 5GB of disk space. The operating system must be Linux or macOS.