💞 #Gate Square Qixi Celebration# 💞
Couples showcase love / Singles celebrate self-love — gifts for everyone this Qixi!
📅 Event Period
August 26 — August 31, 2025
✨ How to Participate
Romantic Teams 💑
Form a “Heartbeat Squad” with one friend and submit the registration form 👉 https://www.gate.com/questionnaire/7012
Post original content on Gate Square (images, videos, hand-drawn art, digital creations, or copywriting) featuring Qixi romance + Gate elements. Include the hashtag #GateSquareQixiCelebration#
The top 5 squads with the highest total posts will win a Valentine's Day Gift Box + $1
Study $HYPE burn 🔥
It teaches you how burn mechanisms should work.
Not a fixed number in a white paper, not some fake burn where you inflate a bunch just to burn a bit.
HYPE burn relies directly on the usage of 3 things:
1️⃣ Spot Market fees of HYPE/USDC
2️⃣ HyperEVM fees
3️⃣ Spot ticker auctions
Right now 1️⃣ still is the major burn driver.
But with time 2️⃣ will burn more. And we already saw days of 1k burns like on @baldbrothers_ mint. We don’t need to 10x users to 10x gas fee burn.
3️⃣ is a constant and will only go up more if small spot markets on HL get more use. @RubiFi_HL plays a big part in there.
But @hyperunit buying spot tickers for blue chips also helps.
Conclusion:
The only way that less $HYPE gets burned over time is all of the three mechanism slowing down which is unlikely. The percentages of the burn are designed to be long term deflationary for $HYPE.