Frequently Asked Questions
Using the App
Do I need crypto to use HYFY?
No. The core app experience — posting, liking, commenting, following — works entirely without any blockchain interaction. Space Credits are purchased through normal App Store or Google Play payments. You never need a wallet, crypto, or blockchain knowledge to use the platform.
How do I get Space Credits?
Space Credits are purchased through in-app purchases on iOS and Android, or through web checkout. Prices are fixed in your local currency (e.g., $0.99 for 100 credits). New users receive a small bonus of Space Credits on signup to get started.
What are Space Credits used for?
Space Credits are spent on social actions such as likes, comments, reposts, and other interactions across the platform. They create a lightweight economic signal that filters spam and rewards genuine engagement.
Can Space Credits be converted to HYFY?
No. Space Credits never convert directly to HYFY. They are the platform's revenue input. Karma is the bridge — you earn Karma through spending Space Credits on social actions, and eligible Karma can be converted to HYFY through the monthly claim process.
Can I lose my Karma?
Karma cannot be taken away through normal use. It is earned through genuine engagement and belongs to you. In extreme systemic conditions, a conditional decay mechanism may reduce Karma for long-inactive accounts, but this comes with mandatory 30-day advance notice and in-app alerts. Active users are never silently penalized.
How is Karma earned?
Both the person spending Space Credits and the content creator receiving the interaction earn Karma. Additional Karma is earned through consistent daily engagement, profile completeness, referrals, and other authentic-activity signals. Karma reflects genuine human participation — it cannot be purchased, transferred, or traded.
Claiming HYFY
When do I get my HYFY?
Claims are processed monthly. After each month ends, the protocol calculates the claim pool and your proportional share. Once the claim root is published on-chain, you can submit your claim and receive HYFY directly to your wallet. The typical window opens within the first week of the following month.
What if I don't claim in time?
Claim pools remain open for 12 months. If you do not claim within that window, the unclaimed HYFY expires and remains in the treasury. This prevents indefinite liabilities and keeps the system's accounting clean.
Do I need to pay gas fees to claim?
No. HYFY uses account abstraction (ERC-4337) to sponsor gas fees on Polygon. When you claim, the protocol covers the network cost so you receive tokens without needing to hold POL or any other cryptocurrency.
Why is my claim amount different each month?
Your HYFY for a given month depends on three factors: your eligible Karma, the total Karma claimed by all users that month, and the size of the monthly HYFY pool (which is tied to platform revenue and treasury health). These vary naturally from month to month.
Is there a limit on how much I can claim?
Yes. Each user has a dynamic monthly cap that adjusts based on overall platform participation. There is also a lifetime community claims budget enforced at the smart contract level. These limits ensure long-term sustainability.
What happens to HYFY that nobody claims?
Unclaimed HYFY remains in the treasury after the 12-month claim window expires. It is never redistributed to other users — it strengthens the treasury's backing ratio, which supports future claim sustainability.
Do I need KYC to use the app?
No. KYC is only required for claiming HYFY tokens on-chain. You can use the full app — including earning and spending Space Credits, earning Karma, and accessing in-app perks — without any identity verification.
The HYFY Token
Can I sell my HYFY?
Yes. Once HYFY is in your wallet, it is a standard ERC-20 token. You can hold it, transfer it, trade it on Uniswap, tip creators, or use it for any supported purpose within and beyond the HYFY ecosystem.
What happens if the HYFY price drops?
HYFY's value is not guaranteed and can fluctuate like any digital asset. The system includes structural mechanisms — monthly burns permanently reduce total supply, revenue-funded liquidity supports trading accessibility, and treasury backing maintains overcollateralization for claim sustainability. These mechanics are designed for ecosystem health and auditability, not as price guarantees.
Is HYFY inflationary?
No. HYFY has a fixed supply of 1 billion tokens, hardcoded at the smart contract level. No new tokens can ever be minted. The supply can only decrease over time through permanent burns. This is an immutable protocol invariant, not a policy promise.
What blockchain is HYFY on?
HYFY is deployed on Polygon, an Ethereum Layer 2 network that offers fast transactions and low fees while maintaining Ethereum-level security. HYFY is compatible with any wallet that supports the Polygon network (MetaMask, Coinbase Wallet, etc.).
What can I do with HYFY?
HYFY unlocks optional on-chain utility within the ecosystem:
- Tip creators directly, peer-to-peer
- Mint tickets (NFTs) for exclusive online and in-person events
- Trade or hold on decentralized exchanges
- Participate in governance signaling as the DAO matures
- Access creator monetization rails and supporter tiers
Where is HYFY traded?
HYFY is tradable on Uniswap v3 on the Polygon network. The trading pair is HYFY/USDC. Liquidity is locked and grows monthly from platform revenue.
Safety and Trust
How do I know the treasury is real?
All treasury operations happen on-chain via smart contracts. The treasury balance, claim distributions, burns, and liquidity additions are publicly verifiable on Polygonscan. Monthly transparency reports and a live Dune Analytics dashboard provide additional visibility.
Can the team drain the treasury?
No. The treasury is held in a smart contract with multisig protection. All significant operations require approval from multiple keyholders and are subject to a 48-hour timelock that gives the community a review window before execution. Emergency pauses are instant; unpauses are timelocked.
What happens to team tokens?
Team tokens (100M HYFY, 10% of total supply) are locked for 3 years with a 1-year cliff. No team member can access or sell tokens early. This aligns the team's incentives with long-term platform success.
Are the smart contracts audited?
HYFY's smart contracts undergo professional security audits before mainnet deployment. The audit reports will be published publicly. All contracts are open source and verifiable on-chain.
Why is KYC required for claims?
KYC ensures that HYFY rewards go to real humans, not bots or fake accounts. HYFY uses zero-knowledge identity verification (iden3/Privado ID) so you can prove your identity without exposing personal data. Your credentials stay in your control — no centralized database stores your personal information.
Revenue and Sustainability
How is the token ecosystem funded?
The ecosystem is funded entirely by real platform revenue from Space Credit purchases. A portion (25–40%) of net revenue flows into the Revenue Allocation Pool, which is split across user claims, treasury growth, liquidity, and burns. The system never relies on speculation or external funding to sustain itself.
What happens if revenue is low?
If platform revenue drops, the ecosystem operations scale down proportionally. Claims become smaller, fewer tokens are burned, and less liquidity is added. The system is designed so that low-revenue months do not create unsustainable promises — it simply operates at a reduced pace. The treasury serves as a buffer to maintain stability.
What if the platform has zero revenue in a month?
In a zero-revenue month, no new HYFY is allocated for claims, burns, or liquidity. The system does not distribute tokens without revenue backing. This prevents inflation and ensures every token distributed is tied to real economic activity.
Is this a gambling product?
No. No rewards are randomized. Karma and HYFY are earned deterministically through platform activity. The amount you receive is based on your engagement, not luck, chance, or speculation.
Getting Help
What if I have more questions?
Contact us at support@hyfy.social or reach out through the in-app support channel.