# RION Token **Basic Information** * **Name**: Hyperion Token * **Ticker**: RION * **Chain**: Aptos * **Total Supply (Max)**: 100,000,000 RION * **Token Contract Address**: 0x435ad41e7b383cef98899c4e5a22c8dc88ab67b22f95e5663d6c6649298c3a9d (Aptos) ### Overview RION is the native, cryptographically-secure, and fungible token of the Hyperion platform. As a transferable token, RION serves utility functions as specified on the Hyperion platform. RION serves as a versatile utility token, facilitating decentralized exchange and settlement among participants within the Hyperion platform. The primary objective of RION is to provide a secure and efficient means of transaction between platform participants, eliminating the need for intermediaries such as centralized entities or institutions. RION is **not**, and is **not intended to be**, a medium of exchange accepted by the general public (or any section of the public) as payment for goods, services, or the discharge of debt, nor is it intended to be used for any purposes other than those exclusively provided by the issuer. RION is awarded as an economic incentive to encourage user contributions and participation on the platform, establishing a mutually beneficial structure where participants are fairly rewarded based on their efforts. The distribution of additional RION is strictly dependent on actual usage, activity, and contributions to the platform—such as frequency and volume of transactions. Users who do not actively participate or contribute will not receive RION incentives.
* **Governance**:\ Following the formal establishment of the Hyperion DAO, xRION will enable holders to participate in platform proposals and voting within the DAO. Voting rights will be based on the amount of xRION held, in accordance with the governance framework defined by the DAO (when the DAO is established).
* **Launchpad Participation**:\ xRION balances may be used as a whitelist requirement or for calculating allocation quotas for launchpool participation on the Hyperion launchpad. Further utilities for xRION may be introduced as the Hyperion platform evolves. ### Disclaimer xRION does not represent any shareholding, ownership, participation, right, title, or interest in Hyperion,their affiliates, or any other company, enterprise, or undertaking. xRION does not entitle token holders to any promise of fees, dividends, revenue, profits, or investment returns, and is not intended to constitute securities in any jurisdiction, including the United States, British Virgin Islands, Hong Kong, Panama, or Singapore. xRION may only be utilized within the Hyperion platform, and ownership confers no rights, express or implied, other than the right to use xRION to interact with and utilize the Hyperion platform. The secondary market price of xRION is not dependent on the efforts of the Hyperion Project contributors, and there are no mechanisms or schemes in place to control or manipulate secondary market pricing. xRION holders are not entitled to vote on the operation or management of Hyperion, their affiliates or their assets, nor does xRION constitute any equity interest or collective investment scheme. The arrangement is not intended to be any form of joint venture or partnership. All governance features described herein are subject to the formal establishment of the Hyperion DAO. The White Paper is for informational purposes only. Nothing in the White Paper constitutes legal, financial or tax advice. Its content may be updated from time to time without express notice. You should seek your own professional advice before engaging in any activity in connection with Hyperion. See [Legal Disclaimer](https://docs.hyperion.xyz/legal-and-compliance/legal-disclaimer). # Concentrated Liquidity ## **Introduction** The core innovation of Hyperion is allowing concentrated liquidity, whereby users may add their liquidity within custom price ranges. In AMM protocols, which are adopted by most of common decentralized exchanges nowadays, liquidity is distributed uniformly along the entire price curve (0, ∞). The previous AMM liquidity distribution makes trading available across the full price interval between 0 and infinite upon simple deployment. However, in AMM pools, a significant portion of the liquidity was never utilized by actual transactions, which is a waste of provided liquidity to some extent. For example, the trading price is usually constant in a stablecoin pair. The liquidity outside its regular price range is rarely touched. In most of mainstream stablecoin trading pools (AMM-based), only less than 1% of their total liquidity are actually being used. The rest of the available liquidity stays idle in the pools all the time. It’s reasonable for an LP to expect that their liquidity provided can be utilized as much as possible so that they can earn more fees from it. This can be realized with the help of concentrated liquidity. Liquidity providers are able to concentrate their liquidity to their specified price ranges according to the most active price intervals of a particular trading pair. For instance, an LP can choose to add all of their liquidity into the price range (0.995, 1.005) of a stablecoin trading pool. As transactions are happening most actively around the mid-price, these LPs can maximize their liquidity efficiency in this way and earn greater fees from participation. The liquidity concentration changes the price interval of a user’s liquidity from infinite to finite. For the liquidity that is concentrated to a finite price interval, we can it a position, or a liquidity position. An LP can create multiple positions in a same pool. By setting different price ranges, LPs can simulate different price curves to achieve their custom strategies. ## **Active Liquidity** Given that a user may set a finite price range for a position, when the asset price goes up and down in a fluctuating market period, the price may exit the price range that is set for the position. In that case, the liquidity in that particular position will not be active and will stop earning fees until the price re-enters the position price range. If the price of a trading pair increases or decreases in one direction, liquidity providers will gain more of the one token in their positions because it shows more demand for the other token from the swappers. When the price reaches the upper or lower bound of their positions, their entire liquidity will consist of only one asset. When the price re-enters the range, the liquidity within the position will be active and start earning fees again. The liquidity composition for an active position will be two tokens instead of only one asset type. LPs have a very high flexibility in concentrated liquidity. They can open as many liquidity positions with their custom price bands as they want and need. The underlying algorithm of concentrated liquidity sets out the mechanism that gives the decision right of the liquidity distribution to the actual market, because most liquidity providers will naturally concentrate their liquidity within the most active price ranges according to the market trends in order to earn more transaction fees. ## **Price Ticks** In an AMM model, the price is continuous, while it is sort of different in a concentrated liquidity protocol. The prices in concentrated liquidity positions are discrete. The price curve of concentrated liquidity is partitioned by a number of ticks. A discrete space can be found between each tick and the tick next to it. When we move up and down by one tick, it will show a 0.01% increase or decrease (1 basis point) in price at any point in price space. We use ticks as borders for every liquidity position. When a liquidity position is opened, it comes with an upper and a lower price tick that are set by liquidity providers. As the price keeps changing as new swaps are executed, the smart contract tends to consume all the liquidity available in the current tick interval until the next price tick is reached, continually exchanging the outbound asset for the inbound. When a new price tick is reached, the pool contract will immediately switch to the new tick and any dormant liquidity within the newly active tick intervals will be activated. Although each trading pool has the same number of price ticks in a concentrated liquidity protocol, there are only a part of them serving as active ticks in actual scenarios. There is certain correlation between tick spacing and swap fee tier in a concentrated liquidity smart contract. The lower the fee tier is set, the closer the two nearby active ticks can be. In other words, a higher fee tier can give the pool a wider tick space of potential active price ticks. For trading pairs that require higher price granularity, like stablecoin pairs, a relatively narrower tick space will be helpful. The price impact during swapping will be more moderate, with the tighter tick spacing, which is exactly what is needed by a stablecoin pool. The White Paper is for informational purposes only. Nothing in the White Paper constitutes legal, financial or tax advice. Its content may be updated from time to time without express notice. You should seek your own professional advice before engaging in any activity in connection with Hyperion. See [Legal Disclaimer](https://docs.hyperion.xyz/legal-and-compliance/legal-disclaimer). # Fees ## **Swap Fees** In our concentrated liquidity protocol, swap fees will be distributed proportionally to all in-range liquidity at the time of the swap transaction. Only the liquidity positions with price ranges that the current spot price lies in have provided liquidity, and therefore become entitled to earn fees. If the price exits a position’s range, the position will be switched to inactive status and no fees can be earned. Unlike the common AMM contract which will automatically accrue new swap fees into the liquidity pool, in a concentrated liquidity protocol, swap fees are accumulated separately and liquidity providers can claim their fee earnings without withdrawing their liquidity. It is important to reiterate that the Hyperion protocol simply comprises a set of autonomous smart contracts deployed on Aptos, operated directly by users calling functions on it (which allows them to interact with other users and/or pool their own selected assets in a multi-party peer-to-peer manner). There is no further control by or interaction with the original entity which had deployed the smart contract, which entity solely functions as a provider of technical tools for users, and is not offering any sort of securities product or regulated service nor does it hold any user assets in custody. ## **Fee Tiers** In our concentrated liquidity protocol, we can set up multiple pools for the same token pair with different fee tiers. Initially, there will be 4 tiers that are allowed by the protocol: 0.01%, 0.05%, 0.25%, 1%. The setting of multiple fee tiers can better satisfy the needs of different kinds of trading pairs. It also encourages the market to naturally find the most ideal liquidity distribution plan by itself. This gives much more flexibility to both liquidity providers and swappers. It is reasonable to anticipate that different types of token pairs tend to progress towards particular fee levels according to their asset characteristics and the game between supply and demand from liquidity providers and traders. Assets with low volatility like stablecoins will be more likely to congregate in a pool with the lowest fee tier because it is less risky for LPs to hold these assets and most traders expect their transactions to be executed as close to 1:1 as possible. On the other hand, assets that are rarely traded may gravitate towards a higher fee as liquidity providers are bearing higher risks of holding such high-volatility assets. ## **Protocol Fees** To maintain a healthy economic model that is beneficial to the project's sustainable project treasury for its long term development, a certain percentage (20% by default) will be taken from swap fees of every transaction on Hyperion as the protocol fee. The White Paper is for informational purposes only. Nothing in the White Paper constitutes legal, financial or tax advice. Its content may be updated from time to time without express notice. You should seek your own professional advice before engaging in any activity in connection with Hyperion. See [Legal Disclaimer](https://docs.hyperion.xyz/legal-and-compliance/legal-disclaimer). # Swap Swaps are one of the most common interactions with a DEX. The mechanism of token swap is easy to understand, which is to sell the tokens that are currently owned by the swapper for the proportional amount of the destination tokens. In this process, a small percentage of swap fee will be deducted, which is the incentives to those liquidity providers. The execution of swaps in the Hyperion protocol supports both AMM and Orderbook models. In the AMM model, swaps are executed against a passive liquidity pool, with liquidity providers earning transaction fees proportional to the active liquidity they contribute. Meanwhile, the Orderbook model follows a first-in-first-out policy, where order timing plays a crucial role in execution priority. This dual approach offers users flexibility, allowing them to choose between automated liquidity provision and direct market orders based on their trading strategy. ## **Price Impact** In an order book market or a CEX, the price impact of an order depends on the size and array of the opening limit buy or sell orders. The final execution price of an order is usually the weighted average price of multiple limit orders. The price impact in an AMM or in a concentrated liquidity protocol is sort of different. During the swap, the relative value of one token to the other changes dynamically and continuously so the final execution price of a swap lies somewhere between the start price and end price. The price impact for a swap order will be affected by the real-time available liquidity in corresponding price space. The price impact will be much smaller for a given swap size if the liquidity depth at the particular price is higher. ## **Slippage** A swap user should have seen the term ‘slippage’ or ‘price slippage’ on a DEX before. That is the term that we use to describe the possible price change that may occur during a transaction is pending. To respond to the possible price change, we adopt the concept of slippage tolerance. Slippage tolerance can be set by a user, which is to determine the largest price impact that the user is willing to accept. If the final execution price is outside of the acceptable slippage range, the transaction will get failed to protect the user’s interests. A trade that uses assets and tokens that are purchased before paying for them. The White Paper is for informational purposes only. Nothing in the White Paper constitutes legal, financial or tax advice. Its content may be updated from time to time without express notice. You should seek your own professional advice before engaging in any activity in connection with Hyperion. See [Legal Disclaimer](https://docs.hyperion.xyz/legal-and-compliance/legal-disclaimer). # Liquidity Mining ## Fee-based Liquidity Mining In a concentrated liquidity protocol, only the liquidity in those positions with active price ranges could be used by transactions, thereby being able to generate transaction fees. The transaction fee performance of a liquidity position reflects its effectiveness and contribution to the protocol. Therefore, one of the most special characteristics of the liquidity mining of Hyperion is that it will distribute its mining rewards to users according to their actual fee performance, instead of based on their liquidity amounts. This requires more active participation if a liquidity provider wants to earn more fees and mining rewards. As the mining rewards are linearly released, every time there is a new transaction to be executed, the contract will be called to calculate the proportion of fees generated by every single position to the total generated fees of the pool since the last call. The released rewards will be distributed accordingly proportional to each position's generated fees. This fee-based mining mechanism ensures that the mining rewards will not be diluted by those inactive LPs or users who deliberately allocate liquidity in an invalid price range just for sharing mining incentives. It greatly saves the cost for both the protocol and third party project owners on incentivizing liquidity, which makes the TVL of Hyperion more efficient than other DEXes. The White Paper is for informational purposes only. Nothing in the White Paper constitutes legal, financial or tax advice. Its content may be updated from time to time without express notice. You should seek your own professional advice before engaging in any activity in connection with Hyperion. See [Legal Disclaimer](https://docs.hyperion.xyz/legal-and-compliance/legal-disclaimer). # Range Order Powered by the concentrated liquidity algorithm, users can conveniently achieve a lot of advanced trading strategies that are infeasible in AMM DEXes. By creating a liquidity position with a price range to be set to one side of the spot price, LPs can provide their liquidity with single-sided asset. This allows liquidity providers to simulate limit orders that are very common in those orderbook markets or CEX. The difference is that a limit order is created with a particular predetermined buy or sell price and the order may be filled at some point in the future, while a single-sided liquidity position order in concentrated liquidity protocol comes with a price range. When the spot price enters the preset range of the position, continuous token swap will be activated in the position. If the price has fully crossed the price range of the position, all original assets will be exchanged for the target assets which can be withdrawn by the LP to close the order. We call this type of order mode as range orders. The roles who place range orders are liquidity providers instead of swappers, so they are regarded as makers who will earn fees when a range order is executed. By creating rational liquidity positions, LPs can easily buy at dips and sell at rallies like professional traders and earn transaction fees at the same time. ## **Order Types Supported by Range Order** Although the range order trading is quite similar to limit orders in orderbook market, there are still certain differences due to the underlying mechanism of concentrated liquidity protocol. What can be supported by concentrated liquidity range order includes take-profit orders and buy-limit orders. ### **Take-Profit Orders** For example, the current price of a BTC-USDC pool is 20,000 USDC/BTC and you want to sell your BTC for USDC when BTC price reaches 21,000 USDC/BTC. This is feasible by placing range orders because the price space above the current price is fully denominated in the higher-valued token in a concentrated liquidity pool. You can open a position with a narrow price range like 21,000-21,001 USDC/BTC and add your BTC into the pool. Your order will be filled if the price keeps increasing and crosses your liquidity position. ### **Buy-Limit Orders** For example, the current price of the BTC-USDC pool is 20,000 USDC/BTC. You predict that the BTC price will rebound if it drops to 19,000, so you plan to buy some BTC with USDC at the price of 19,000. It can be achieved by range orders because the space below the current price is denominated in the lower-valued asset, USDC. You can simply create a position with a price range like 19,000-19,001 USDC/BTC. Your BTC will all be swapped into USDC when the spot price drops and crosses your position price range. ## **Position Management** One thing to note is that to ensure your range order is completely filled, you need to withdraw your position assets in time after your position range is crossed in case that the spot price re-enters the price range. This can be handled manually or be managed with the help of a third-party position manager protocol that has integrated Hyperion’s smart contract. Besides, it is up to liquidity providers on how to set the price range of a range order position. Setting a wider price interval may help you earn more transaction fees if price fluctuation is intense within your position range, while you need to bear a higher risk that your order cannot be completely filled if the price reserves before it crosses your full range. The White Paper is for informational purposes only. Nothing in the White Paper constitutes legal, financial or tax advice. Its content may be updated from time to time without express notice. You should seek your own professional advice before engaging in any activity in connection with Hyperion. See [Legal Disclaimer](https://docs.hyperion.xyz/legal-and-compliance/legal-disclaimer). # Genesis Season ## Introduction The Drips System rewards users for actively participating in the ecosystem through liquidity provision, trading, and community growth via referrals. Drips are calculated and accumulated daily based on user actions and can be used to unlock exclusive benefits and incentives within the platform. ## Point Categories & Earning Mechanisms ### **1. Hyperion’s Drips** Users earn Hyperion Drip through providing liquidity and engaging in trading activity. Drips are calculated daily and rounded down (floor). #### **A. Liquidity Provision (LP Points)** | Action | Point Calculation | Rule | | ------------------------- | ----------------- | --------------------------------- | | Provide $100 in liquidity | 5 Points per Day | Minimum $100 liquidity to qualify | * **Example Calculation**: * Provide $500 in liquidity * Points per day: (500 ÷ 100) × 5 = 25 Points #### **B. Trade Points (Based on Fee Tiers)** | Fee Tier | Point Calculation | | -------- | ------------------------------------ | | 0.01% | 1 Point per $100 in trading volume | | 0.05% | 5 Points per $100 in trading volume | | 0.1% | 10 Points per $100 in trading volume | * **Example Calculation (Fee Tier 0.05%)**: * $1,000 trading volume * Points: (1,000 ÷ 100) × 5 = 50 Points ### **2. Invitation Points** Users are rewarded for inviting others to the platform. Each user is assigned a unique 6-character alphanumeric invitation code. Points are earned from both direct and second-level invitees. #### **A. Liquidity Referral Rewards** | Relationship Level | Point Reward | | -------------------- | -------------------------- | | Direct Invitee | 20% of LP Points generated | | Second-Level Invitee | 10% of LP Points generated | #### **B. Trading Referral Rewards** | Relationship Level | Point Reward | | -------------------- | ----------------------------- | | Direct Invitee | 20% of Trade Points generated | | Second-Level Invitee | 10% of Trade Points generated | * **Example Calculation (Liquidity)**: * Direct invitee earns 100 LP Points * You receive 20% of 100 = 20 Points * **Example Calculation (Trade)**: * Second-level invitee earns 200 Trade Points * You receive 10% of 200 = 20 Points ## Multipliers & Bonus Mechanisms *Coming Soon*: Drips will introduce point multipliers for consistent participation across trading and liquidity provision, along with seasonal or event-based point boosts. The White Paper is for informational purposes only. Nothing in the White Paper constitutes legal, financial or tax advice. Its content may be updated from time to time without express notice. You should seek your own professional advice before engaging in any activity in connection with Hyperion. See [Legal Disclaimer](https://docs.hyperion.xyz/legal-and-compliance/legal-disclaimer). # Drip Season 2 ## Introduction DRIPs Season 2 is Hyperion’s upgraded reward system that incentivizes real participation in the ecosystem through trading, liquidity provision, and deeper engagement with the RION token. DRIPs are calculated and accumulated **daily**, and will later be used to unlock exclusive incentives and airdrop allocations. This season runs from **August 7 - TBD** *** ## Point Categories & Earning Mechanisms #### Hyperion DRIPs Users can earn DRIPs in three ways: trading, providing liquidity, and engaging with RION utility. All DRIPs are calculated daily and rounded down. *** ### A. Trade DRIPs (Based on Fees Paid) Users earn DRIPs based on the trading fees they generate. Each $0.01 in fees contributes to 1 DRIP. Selected pools have different multipliers based on their fee tiers. #### **Fee Tiers & Multipliers**
| Fee Tier | DRIP Rate |
|---|---|
| 0.01% | 1 DRIP per $100 in trading volume |
| 0.05% | 5 DRIPs per $100 in trading volume |
| Pool | DRIP Rate |
|---|---|
| USDT/USDC (0.01%) | 1 DRIP per $200 liquidity per day |
| Other Liquidity Pools | 1 DRIP per $100 liquidity per day |
| Tick spacing | Fee Rate | FeeTierIndex |
|---|---|---|
| 1 | 0.01% | 0 |
| 10 | 0.05% | 1 |
| 60 | 0.3% | 2 |
| 200 | 1% | 3 |
| 20 | 0.1% | 4 |
| 50 | 0.25% | 5 |
| Tick spacing | Fee Rate | FeeTierIndex |
|---|---|---|
| 1 | 0.01% | 0 |
| 10 | 0.05% | 1 |
| 60 | 0.3% | 2 |
| 200 | 1% | 3 |
| 20 | 0.1% | 4 |
| 50 | 0.25% | 5 |
| Network | Published address |
|---|---|
| mainnet | 0x8b4a2c4bb53857c718a04c020b98f8c2e1f99a68b0f57389a8bf5434cd22e05c |
| testnet | 0x69faed94da99abb7316cb3ec2eeaa1b961a47349fad8c584f67a930b0d14fec7 |
| Module | Error Code | Details |
|---|---|---|
| pool_v3 | | |
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| position_v3 | | |
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| tick_math | | |
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| tick_bitmap | | |
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| utils.move | | |
| rewarder | | |
| rewarder | | |
| rewarder | | |
| rewarder | | |
| rewarder | | |
**NOTICE: This Agreement contains important information which impact your rights as to how disputes are resolved. The Website is only available to you — and you should only access the Website — if you agree completely with these terms.** **Introduction** The Website provides access to (a) a decentralized protocol on various public blockchains that allow users to trade certain compatible virtual assets (the “Protocol”), among other services. The Website is one, but not the exclusive, means of accessing the Protocol. To access the Website, you must use a non-custodial wallet software, which allows you to interact with public blockchains. Your relationship with that non-custodial wallet provider is governed by the applicable terms of service of that third party, not this Agreement. Wallets are not operated by, maintained by, or affiliated with us, and we do not have custody or control over the contents of your wallet and have no ability to retrieve or transfer its contents. 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Activity that seeks to interfere with or compromise the integrity, security, or proper functioning of any computer, server, network, personal device, or other information technology system, including (but not limited to) the deployment of viruses and denial of service attacks. **Fraud and Misrepresentation.** Activity that seeks to defraud us or any other person or entity, including (but not limited to) providing any false, inaccurate, or misleading information in order to unlawfully obtain the property of another. **Market Manipulation.** Activity that violates any applicable law, rule, or regulation concerning the integrity of trading markets, including (but not limited to) the manipulative tactics commonly known as “rug pulls”, pumping and dumping, and wash trading. **Securities and Derivatives Violations.** Activity that violates any applicable law, rule, or regulation concerning the trading of securities or derivatives, including (but not limited to) the unregistered offering of securities and the offering of leveraged and margined commodity products to retail customers in the United States. **Sale of Illegally Obtained Property.** Buying, selling, or transferring of stolen items, fraudulently obtained items, items taken without authorization, and/or any other illegally obtained items. **Data Mining or Scraping.** Activity that involves data mining, robots, scraping, or similar data gathering or extraction methods of content or information from the Website. **Objectionable Content.** Activity that involves soliciting information from anyone under the age of 18 or that is otherwise harmful, threatening, abusive, harassing, tortious, excessively violent, defamatory, vulgar, obscene, pornographic, libelous, invasive of another’s privacy, hateful, discriminatory, or otherwise objectionable. **Any Other Unlawful Conduct.** Activity that violates any applicable law or another relevant jurisdiction. **Launchpads** Notwithstanding our restrictions on eligibility of users under “Eligibility”, in respect of your participation in launches, You represent that you are not located, incorporated or a citizen or resident of the following countries or regions: the United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands), People’s Republic of China, Belarus, Bermuda, Burundi, Central African Republic, Cuba, Democratic Republic of Congo, Eritrea, Guinea-Bissau, Iran, Libya, Mali, New Zealand, North Korea, Palestine, Republic of Seychelles, Somalia, South Sudan, Sudan, Syria, Western Sahara, Yemen, Crimea and Sevastopol, Zimbabwe or any other state, country, or jurisdiction where participation in this launch would be illegal according to applicable law. **Not Registered with the SEC or Any Other Agency** We are not registered with the U.S. Securities and Exchange Commission as a national securities exchange or in any other capacity. You understand and acknowledge that we do not offer to sell or solicit offers to buy any securities on the Website or broker trading orders on your behalf. We also do not facilitate the execution or settlement of your trades, which occur entirely on the public distributed blockchains like Ethereum. As a result, we do not (and cannot) guarantee market best pricing or best execution through the Website. **Non-Solicitation; No Investment Advice** You agree and understand that: (a) all trades you submit through the Website are considered unsolicited, which means that they are solely initiated by you; (b) you have not received any investment advice from us in connection with any trades; and (c) we do not conduct a suitability review of any trades you submit. We may provide information about tokens on the Website sourced from third-party data partners through features such as rarity scores, token explorer or token lists. We may also provide warning labels for certain tokens. The provision of informational materials does not make trades in those tokens solicited; we are not attempting to induce you to make any purchase as a result of information provided. All such information provided by the Website is for informational purposes only and should not be construed as investment advice or a recommendation that a particular token is a safe or sound investment. You should not take, or refrain from taking, any action based on any information contained on the Website. By providing token information for your convenience, we do not make any investment recommendations to you or opine on the merits of any transaction or opportunity. You alone are responsible for determining whether any investment, investment strategy or related transaction is appropriate for you based on your personal investment objectives, financial circumstances, and risk tolerance. **Non-Custodial and No Fiduciary Duties** The Website is a purely non-custodial application, meaning we do not ever have custody, possession, or control of your virtual assets at any time. It further means you are solely responsible for the custody of the cryptographic private keys to the digital asset wallets you hold and you should never share your wallet credentials or seed phrase with anyone. We accept no responsibility for, or liability to you, in connection with your use of a wallet and make no representations or warranties regarding how the Website will operate with any specific wallet. Likewise, you are solely responsible for any associated wallet and we are not liable for any acts or omissions by you in connection with or as a result of your wallet being compromised. This Agreement is not intended to, and does not, create or impose any fiduciary duties on us. To the fullest extent permitted by law, you acknowledge and agree that we owe no fiduciary duties or liabilities to you or any other party, and that to the extent any such duties or liabilities may exist at law or in equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated. You further agree that the only duties and obligations that we owe you are those set out expressly in this Agreement. **Compliance and Tax Obligations** The Website may not be available or appropriate for use in your jurisdiction. By accessing or using the Website, you agree that you are solely and entirely responsible for compliance with all laws and regulations that may apply to you. Specifically, your use of the Website or the Protocol may result in various tax consequences, such as income or capital gains tax, value-added tax, goods and services tax, or sales tax in certain jurisdictions. It is your responsibility to determine whether taxes apply to any transactions you initiate or receive and, if so, to report and/or remit the correct tax to the appropriate tax authority. **Gas Fees** Blockchain transactions require the payment of transaction fees to the appropriate network (“Gas Fees”). These fees are not levied directly by us, but rather determined by your use of the Protocol and the underlying blockchain communities at large. You understand that we have no control over Gas Fees, (including without limitation, their applicability, payment, amounts, transmission, intended operation and effectiveness) whether related to your use of the Protocol or otherwise. Except as otherwise expressly set forth in the terms of another offer by Hyperion, you will be solely responsible to pay the Gas Fees for any transaction that you initiate. You agree that in no event will Hyperion be responsible to you or any other party of the payment, repayment, refund, disbursement, indemnity, or for any other aspect of your use or transmission of Gas Fees. **Assumption of Risk** BY ACCESSING AND USING THE WEBSITE, YOU REPRESENT THAT YOU ARE FINANCIALLY AND TECHNICALLY SOPHISTICATED ENOUGH TO UNDERSTAND THE INHERENT RISKS ASSOCIATED WITH USING CRYPTOGRAPHIC AND BLOCKCHAIN-BASED SYSTEMS, AND THAT YOU HAVE A WORKING KNOWLEDGE OF THE USAGE AND INTRICACIES OF VIRTUAL ASSETS SUCH AS ETHER (ETH), SO-CALLED STABLECOINS, AND OTHER DIGITAL TOKENS SUCH AS THOSE FOLLOWING THE ETHEREUM TOKEN STANDARD (ERC-20), OR STANDARDS OF ANY OTHER DIGITAL TOKENS WHICH ARE TRANSACTED ON HYPERION. In particular, you understand and agree that your access and use of our Website are subject to certain inherent risks, which without limitations, include: **High Volatility.** The markets for these virtual assets are nascent and highly volatile due to risk factors including (but not limited to) adoption, speculation, technology, security, and regulation. You understand that anyone can create a token, including fake versions of existing tokens and tokens that falsely claim to represent projects, and acknowledge and accept the risk that you may mistakenly trade those or other tokens. So-called stablecoins may not be as stable as they purport to be, may not be fully or adequately collateralized, and may be subject to panics and runs. You further acknowledge and accept the risk of selecting to trade in Expert Modes, which can expose you to potentially significant price slippage and higher costs. You are responsible for any losses or missed opportunities resulting from slippage, regardless of your circumstances. You are therefore reminded to review the slippage tolerance level before proceeding with a trade. If you act as a liquidity provider to the Protocol through the Website, you understand that your virtual assets may lose some or all of their value while they are supplied to the Protocol through the Website due to the fluctuation of prices of tokens in a trading pair or liquidity pool. Further, You acknowledge and accept that the cost and speed of transacting with cryptographic and blockchain-based systems such as Ethereum are variable and may increase dramatically at any time. **Regulatory Uncertainties.** New or changes in the regulatory regime in different jurisdictions may materially and adversely affect your use of the Website and/or the Protocol, the transfer and the value of the virtual assets available on Hyperion. **Malfunctions and errors. The transactions are supported by one or more smart contracts on the blockchain. Smart contracts may be subject to malfunctions, errors, including but not limited to programming errors, hacking, theft, or other technological difficulties which may prevent access to or use of your virtual assets.** **Automatic Transactions and Accidental Transfers. You understand that smart contract transactions automatically execute and settle, and that blockchain-based transactions are irreversible when confirmed. Inputting an incorrect wallet address, wrong chain, leakage of private keys may result in an irrecoverable loss of your virtual assets.** **Fraudulent Transactions.** Transactions on the Protocol may be susceptible to mining attacks, hacking, security weakness, fraud, counterfeiting, cyberattacks and other technological difficulties that are beyond our control. The occurrence of such events may result in an irreversible loss of the virtual assets. Finally, you understand that we do not create, own, or operate cross-chain bridges and we do not make any representation or warranty about the safety or soundness of any cross-chain bridge, including its use for Hyperion governance. The list of risks set out above is not intended to be comprehensive or exhaustive. In summary, you acknowledge that we are not responsible for any of these variables or risks, do not own or control the Protocol, and cannot be held liable for any resulting losses that you experience while accessing or using the Website. Accordingly, you understand and agree to assume full responsibility for all of the risks of accessing and using the Website to interact with the Protocol. You acknowledge that you should conduct your own due diligence and obtain sufficient independent information to make an informed decision before using our Website or the Protocol. **Third-Party Resources and Promotions** The Website may contain references or links to third-party resources, including (but not limited to) information, materials, products, or services, that we do not own or control. In addition, third parties may offer promotions related to your access and use of the Website. We do not approve, monitor, endorse, warrant or assume any responsibility for any such resources or promotions and does not guarantee the accuracy of the information contained therein. If you access any such resources or participate in any such promotions, you do so at your own risk, and you understand that this Agreement does not apply to your dealings or relationships with any third parties. You expressly relieve us of any and all liability arising from your use of any such resources or participation in any such promotions. Unless expressed otherwise, we and such third party resources are independent legal entities, and this Agreement shall not constate any form of agency, partnership or cooperative relationship between the parties. We and such third party resources shall be separately responsible for their respective claims, debts and disputes arising from the performance of their respective contracts and agreement. **Release of Claims** You expressly agree that you assume all risks in connection with your access and use of the Website. You further expressly waive and release us from any and all liability, claims, causes of action, or damages arising from or in any way relating to your use of the Website. **Indemnity** You agree to hold harmless, release, defend, and indemnify us and our officers, directors, employees, contractors, agents, affiliates, and subsidiaries from and against all claims, damages, obligations, losses, liabilities, costs, and expenses arising from: (a) your access and use of the Website; (b) your violation of any term or condition of this Agreement, the right of any third party, or any other applicable law, rule, or regulation; and (c) any other party's access and use of the Website with your assistance or using any device or account that you own or control. **No Warranties** The Website is provided on an "AS IS" and "AS AVAILABLE" basis. TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ANY REPRESENTATIONS AND WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING (BUT NOT LIMITED TO) THE WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. You acknowledge and agree that your use of the Website is at your own risk. We do not represent or warrant that access to the Website will be continuous, uninterrupted, timely, or secure; that the information contained on the Website will be accurate, reliable, complete, or current; or that the Website will be free from errors, defects, viruses, or other harmful elements. No advice, information, or statement that we make should be treated as creating any warranty concerning the Website. We do not endorse, guarantee, or assume responsibility for any advertisements, offers, or statements made by third parties concerning the Website. Similarly, the Protocol is provided "AS IS", at your own risk, and without warranties of any kind. Although we contributed to the initial code for the Protocol, we do not provide, own, or control or conduct any oversight over the virtual assets, the blockchain network, or the Protocol, which is run autonomously without any headcount by smart contracts deployed on various blockchains. Upgrades and modifications to the Protocol are generally managed in a community-driven way by holders of our governance token (vePOT). No developer or entity involved in creating the Protocol will be liable for any claims or damages whatsoever associated with your use, inability to use, or your interaction with other users of, the Protocol, including any direct, indirect, incidental, special, exemplary, punitive or consequential damages, or loss of profits, cryptocurrencies, tokens, or anything else of value. We do not endorse, guarantee, or assume responsibility for any advertisements, offers, or statements made by third parties concerning the Website. **Limitation of Liability** UNDER NO CIRCUMSTANCES SHALL WE OR ANY OF OUR OFFICERS, DIRECTORS, EMPLOYEES, CONTRACTORS, AGENTS, AFFILIATES, OR SUBSIDIARIES BE LIABLE TO YOU FOR ANY INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES, INCLUDING (BUT NOT LIMITED TO) DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA, OR OTHER INTANGIBLE PROPERTY, ARISING OUT OF OR RELATING TO ANY ACCESS OR USE OF THE WEBSITE, NOR WILL WE BE RESPONSIBLE FOR ANY DAMAGE, LOSS, OR INJURY RESULTING FROM HACKING, TAMPERING, OR OTHER UNAUTHORIZED ACCESS OR USE OF THE WEBSITE OR THE INFORMATION CONTAINED WITHIN IT. WE ASSUME NO LIABILITY OR RESPONSIBILITY FOR ANY: (A) ERRORS, MISTAKES, OR INACCURACIES OF CONTENT; (B) FAILUTRE, EXPLOIT, OR VULNERABILITY OF THE WEBSITE OR THE PROTOCOL, YOUR WEB3 UTILITIES, OR THE UNDERLYING BLOCKCHAIN(S) OR RELATED BLOCKCHAIN FUNCTIONALITIES; (C) PERSONAL INJURY OR PROPERTY DAMAGE, OF ANY NATURE WHATSOEVER, RESULTING FROM ANY ACCESS OR USE OF THE WEBSITE; (D) UNAUTHORIZED ACCESS OR USE OF ANY SECURE SERVER OR DATABASE IN OUR CONTROL, OR THE USE OF ANY INFORMATION OR DATA STORED THEREIN; (E) INTERRUPTION OR CESSATION OF FUNCTION RELATED TO THE WEBSITE; (F) BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE THAT MAY BE TRANSMITTED TO OR THROUGH THE WEBSITE; (G) ERRORS OR OMISSIONS IN, OR LOSS OR DAMAGE INCURRED AS A RESULT OF THE USE OF, ANY CONTENT MADE AVAILABLE THROUGH THE WEBSITE; AND (H) THE DEFAMATORY, OFFENSIVE, OR ILLEGAL CONDUCT OF ANY THIRD PARTY. THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW. **No Insurance** You agree that your crypto wallet(s) do not constitute as a checking or savings accounts. We do not provide any kinds of insurance to you against any type of loss, including without limitation, losses due to decrease in value of your virtual assets, assets lost due to a cybersecurity failure, or from your or other individuals’ errors or malfeasance. Most jurisdictions do not regard virtual assets as a legal tender, and most virtual assets are not backed by any government. Neither your virtual assets balance nor any of your transactions via the Protocol are covered by the Hong Kong Deposit Protection Scheme or other similar protections. **Governing Law and Dispute Resolution** You agree that the laws of Hong Kong, without regard to principles of conflict of laws, govern this Agreement and any Dispute between you and us. You further agree that the Website shall be deemed to be based solely in Hong Kong, and that although the Website may be available in other jurisdictions, its availability does not give rise to general or specific personal jurisdiction in any forum outside Hong Kong. Any dispute, controversy, difference or claim arising out of or relating to this contract, including the existence, validity, interpretation, performance, breach or termination thereof or any dispute regarding non- contractual obligations arising out of or relating to it shall be referred to and finally resolved by arbitration administered by the Hong Kong International Arbitration Centre (HKIAC) under the HKIAC Administered Arbitration Rules in force when the Notice of Arbitration is submitted. The law of this arbitration clause shall be Hong Kong law. The seat of arbitration shall be Hong Kong. The number of arbitrators shall be three. The arbitration proceedings shall be conducted in English. **Entire Agreement** These terms including any supplementary terms to this Terms of Service constitute the entire agreement between you and us with respect to the subject matter hereof. This Agreement supersedes any and all prior or contemporaneous written and oral agreements, communications and other understandings (if any) relating to the subject matter of the terms.
The White Paper is for informational purposes only. Nothing in the White Paper constitutes legal, financial or tax advice. Its content may be updated from time to time without express notice. You should seek your own professional advice before engaging in any activity in connection with Hyperion. See [Legal Disclaimer](https://docs.hyperion.xyz/legal-and-compliance/legal-disclaimer). # Privacy Policy Last Updated: April 11, 2025 This Privacy Policy (“Policy”) describes the manner in which Hyperion (“Hyperion”, “we,” or “us”) and our Website at the [Website](https://hyperion.xyz/) use and collect data from individuals. This Policy, which is incorporated into and is subject to the Hyperion Terms of Service, describes the information that we gather from you on the Website, how we use and disclose such information, and the steps we take to protect such information. ### Information We Collect on the Website: When you use the Website, we may collect information about you, including your name, email address, mailing address, credit card or other billing information. #### Publicly- available blockchain data: When you connect your non-custodial blockchain wallet to the Services, we collect and log your publicly-available blockchain address to learn more about your use of the Services and to screen your wallet for any prior illicit activity. We screen your wallet using intelligence provided by leading blockchain analytics providers. Note that blockchain addresses are publicly-available data that are not created or assigned by us or any central party, and by themselves are not personally identifying. #### Information from localStorage and other tracking technologies. We and our third-party services providers may access and collect information from localStorage, mobile deviceID, cookies, web beacons, and other similar technologies to provide and personalize the Services and features of the Services for you across sessions. For example, we may use this information to remember tokens you import, star, or add to your shopping bag. We may also use this information to learn about your preferences, your use of the Services, and our interactions with you. Information we collect from these technologies may include things such as browser type, referring/exit pages, operating system, device or browser language, and other device information. We group and analyze these user journeys collectively, in the aggregate, to improve our product user experience. #### Cookies and Automatically Collected Information. When you use the Website, we may send one or more cookies – small text files containing a string of alphanumeric characters – to your device. We may use both session cookies and persistent cookies. A session cookie disappears after you close your browser. A persistent cookie remains after you close your browser and may be used by your browser on subsequent visits to the Website. Please review your web browser “Help” file to learn the proper way to modify your cookie settings. #### Information from other sources. We may receive information about your wallet address or transactions made through the Services from our service providers in order to comply with our legal obligations and prevent the use of our Services in connection with fraudulent or other illicit activities. #### Survey or usability information. If you participate in a survey or usability study with us, we will record any biographical information you directly provide to us (for example, your name, email, and job title), the responses you provide to us, and your interactions with the Services. #### Correspondence. We will receive any communications and information you provide directly to us via email, customer support, social media, or another support channel (such as Twitter or Discord), or when you participate in any surveys or questionnaires. #### Biographical information. If you apply for a job with us, we collect all information provided through our Jobs form, including name, email phone, work and immigration status, and any other resume, cover letter, or free form text you include. #### Information you specifically provide us. If you specifically provide us with information (such as your email address), we may use that information for the purposes described when you provide it to us. We will not attempt to link any information you provide to your wallet address, IP address, or other personal data. You do not need to provide us with any personal data to use the Services. ### How We Use the Information We Collect We use information we collect on the Website in a variety of ways in providing the Website and operating our business, including the following: to operate, maintain, enhance and provide all features of the Website; to provide services and information that you request, to respond to comments and questions and otherwise to provide support to users, and to process and deliver entries and rewards in connection with promotions that may be offered from time to time on the Website; to understand and analyse the usage trends and preferences of our users, to improve the Website, and to develop new products, services, features, and functionality; To evaluate system security and stability and to detect, prevent and address fraud, violation of our terms or policies, and/or other harmful or unlawful activity; to contact you for administrative purposes such as customer service or to send communications, including updates on promotions and events, relating to products and services offered by us and by third parties; or To meet legal, regulatory or compliance requirements. We may use cookies and automatically collected information to: personalize our Website, such as remembering information about you so that you will not have to re-enter it during your visit or the next time you visit the Website; provide customized advertisements, content, and information; monitor and analyze the effectiveness of the Website and third-party marketing activities; monitor aggregate Website usage metrics such as total number of visitors and pages viewed; and track your entries, submissions, and status in any promotions or other activities on the Website. We do not sell, share or trade your personal data collected for profit or for any purposes that are not disclosed under this Policy. In particular, we do not share your personal data to third parties for direct marketing purposes without your express consent. ### When We Disclose Information Except as described in this Policy, we will not disclose information about you that we collect on the Website to third parties without your consent. We may disclose information to third parties if you consent to us doing so, as well as in the following circumstances: Any information that you voluntarily choose to include in a publicly accessible area of the Website will be available to anyone who has access to that content, including other users. We work with third party service providers to provide Website, application development, hosting, maintenance, printing, and other services for us. These third parties may have access to or process information about you as part of providing those services for us. if required to do so by law or in the good-faith belief that such action is necessary to comply with state and federal laws, in response to a court order, judicial or other government subpoena or warrant, or to otherwise cooperate with law enforcement or other governmental agencies. We also reserve the right to disclose information about you that we believe, in good faith, is appropriate or necessary to: (i) take precautions against liability; (ii) protect ourselves or others from fraudulent, abusive, or unlawful uses or activity; (iii) investigate and defend ourselves against any third-party claims or allegations; (iv) protect the security or integrity of the Website and any facilities or equipment used to make the Website available; or (v) protect our property or other legal rights (including, but not limited to, enforcement of our agreements), or the rights, property, or safety of others. Information about our users may be disclosed and otherwise transferred to an acquirer, successor, or assignee as part of any merger, acquisition, debt financing, sale of assets, or similar transaction, or in the event of an insolvency, bankruptcy, or receivership in which information is transferred to one or more third parties as one of our business assets. We may make certain aggregated, automatically-collected, or otherwise non-personal information available to third parties for various purposes, including: (i) compliance with various reporting obligations; (ii) for business or marketing purposes; or (iii) to assist such parties in understanding our users’ interests, habits, and usage patterns for certain programs, content, services, advertisements, promotions, and/or functionality available through the Website. ### Third-Party Websites The Website may contain features or links to Websites and services provided by third parties. Any information you provide on third-party Websites or services is provided directly to the operators of such services and is subject to those operators’ policies, if any, governing privacy and security, even if accessed through the Website. We are not responsible for the content or privacy and security practices and policies of third-party Websites or services to which links or access are provided through the Website. We encourage you to learn about third parties’ privacy and security policies before providing them with information. ### Children’s Privacy This Website is not intended for children and we do not knowingly collect data relating to children. If you are under the age of 18 (or below the age of majority in your jurisdiction), you should use our Website only with the involvement and consent of a parent or guardian and should not submit any personal data to us. ### Data Storage We will not keep your Personal Data longer than it is necessary. We may however be required to retain Personal Data for a longer period of time to ensure we comply with legislative and regulatory requirements. We will review our data retention obligations to ensure we are not retaining data for longer than we are legally obliged to. ### Data Security We use certain physical, managerial, and technical safeguards that are designed to improve the integrity and security of information that we collect and maintain. Due to the open nature of the Internet, no data transmission over the Internet, a website, mobile application or via email or other message service can be guaranteed to be secure from unauthorised access. However, we maintain commercially reasonable physical, electronic and procedural safeguards to protect your personal data in accordance with the requirements of data protection legislation. Any transmission of your personal data is at your own risk and we expect that you will use appropriate security measures to protect your personal data. We disclaim any liability for any theft, loss of, damage or unauthorised access of any data or communications. By using our Website, you acknowledge that you understand and agree to assume these risks. We may suspend your use of part of our services without notice if we suspect or detect any breach of security. You understand and agree that we may deliver electronic notifications about breaches of security to the email address that you provided to us. #### International Visitors **THE WEBSITE IS NOT AVAILABLE IN CERTAIN COUNTRIES OR REGION. IN PARTICULAR, THIS WEBSITE IS NOT INTENDED FOR VISITORS LOCATED WITHIN THE UNITED STATES AND IN THE EUROPEAN ECONOMIC AREA.** #### Cross Border Transfer Where necessary to deliver our services, your personal data may be transferred outside the country in which you are located or outside Hong Kong, where there may not be in place data protection laws which are substantially similar to, or serve the same purposes as, the Personal Data (Privacy) Ordinance. That means your personal data may not be protected to the same or similar level in Hong Kong. When we do so, we will use appropriate safeguards such as contractual terms to protect any personal data being transferred. #### Your Rights You may, of course, decline to share certain information with us, in which case we may not be able to provide to you some of the features and functionality of the Website. You may update, correct, or delete your account information and preferences at any time by accessing your account preferences page on the Website. If you wish to access or amend any other personal information we hold about you, you may contact us at. Please note that while any changes you make will be reflected in active user databases within a reasonable period of time, we may retain all information you submit for backups, archiving, prevention of fraud and abuse, analytics, satisfaction of legal obligations, or where we otherwise reasonably believe that we have a legitimate reason to do so. If you receive commercial email from us, you may unsubscribe at any time by following the instructions contained within the email. You may also opt out from receiving commercial email from us by sending your request to us by email or by writing to us at the address given at the end of this policy. We may allow you to view and modify settings relating to the nature and frequency of promotional communications that you receive from us in user account functionality on the Website. Please be aware that if you opt out of receiving commercial email from us or otherwise modify the nature or frequency of promotional communications you receive from us, it may take up to ten business days for us to process your request, and you may continue receiving promotional communications from us during that period. Additionally, even after you opt out frogdm receiving commercial messages from us, you will continue to receive administrative messages from us regarding the Website. #### Governing Law This Privacy Policy and any separate agreements whereby we provide you Services shall be governed by and construed in accordance with the laws of Hong Kong SAR. Any dispute or claim arising out of or in connection with these Terms and Conditions shall be subject to the exclusive jurisdiction of the courts of Hong Kong SAR. #### Changes and Updates to this Policy Please revisit this page periodically to stay aware of any changes to this Policy, which we may update from time to time. If we modify this Policy, we will make it available through the Website, and indicate the date of the latest revision. In the event that the modifications materially alter your rights or obligations hereunder, we will make reasonable efforts to notify you of the change. For example, we may send a message to your email address, if we have one on file, or generate a pop-up or similar notification when you access the Website for the first time after such material changes are made. Your continued use of the Website after the revised Policy has become effective indicates that you have read, understood and agreed to the current version of this Policy. #### Contact Us If you would like further information on the collection, use, disclosure, transfer or processing of your personal data or the exercise of any of the rights listed above, please address questions and requests to:
RION Token: RION are designed to be utilised, and that is the goal of the RION distribution. In particular, it is highlighted that RION: (a) does not have any tangible or physical manifestation, and does not have any intrinsic value (nor does any person make any representation or give any commitment as to its value); (b) is non-refundable and cannot be exchanged for cash (or its equivalent value in any other digital asset) or any payment obligation by the Company, the Distributor or any of their respective affiliates; (c) does not represent or confer on the token holder any right of any form with respect to the Company, the Distributor (or any of their respective affiliates), or their revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or licence rights), right to receive accounts, financial statements or other financial data, the right to requisition or participate in shareholder meetings, the right to nominate a director, or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to Hyperion, the Company, the Distributor and/or their service providers; (d) is not intended to represent any rights under a contract for differences or under any other contract the purpose or intended purpose of which is to secure a profit or avoid a loss; (e) is not intended to be a representation of money (including electronic money), payment instrument, security, commodity, bond, debt instrument, unit in a collective investment or managed investment scheme or any other kind of financial instrument or investment; (f) is not a loan to the Company, the Distributor or any of their respective affiliates, is not intended to represent a debt owed by the Company, the Distributor or any of their respective affiliates, and there is no expectation of profit nor interest payment; and (g) does not provide the token holder with any ownership or other interest in the Company, the Distributor or any of their respective affiliates. Notwithstanding the RION distribution, users have no economic or legal right over or beneficial interest in the assets of the Company, the Distributor, or any of their affiliates after the token distribution. To the extent a secondary market or exchange for trading RION does develop, it would be run and operated wholly independently of the Company, the Distributor, the distribution of RION and Hyperion. Neither the Company nor the Distributor will create such secondary markets nor will either entity act as an exchange for RION. **Informational purposes only**: The information set out herein is only conceptual, and describes the future development goals for Hyperion to be developed. In particular, the project roadmap in the Whitepaper is being shared in order to outline some of the plans of the Hyperion Project Contributors, and is provided solely for INFORMATIONAL PURPOSES and does not constitute any binding commitment. Please do not rely on this information in deciding whether to participate in the token distribution because ultimately, the development, release, and timing of any products, features or functionality remains at the sole discretion of the Company, the Distributor or their respective affiliates, and is subject to change. Further, the Whitepaper or the Website may be amended or replaced from time to time. There are no obligations to update the Whitepaper or the Website, or to provide recipients with access to any information beyond what is provided herein. **Regulatory approval**: No regulatory authority has examined or approved, whether formally or informally, any of the information set out in the Whitepaper or the Website. No such action or assurance has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of the Whitepaper or the Website does not imply that the applicable laws, regulatory requirements or rules have been complied with. Cautionary Note on forward-looking statements: All statements contained herein, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Company, the Distributor and/or the Hyperion Project Contributors, may constitute forward-looking statements (including statements regarding the intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward-looking statements are applicable only as of the date indicated in the Whitepaper, and the Company, the Distributor as well as the Hyperion Project Contributors expressly disclaim any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date. **References to companies and platforms**: The use of any company and/or platform names or trademarks herein (save for those which relate to the Company, the Distributor or their respective affiliates) does not imply any affiliation with, or endorsement by, any third party. References in the Whitepaper or the Website to specific companies and platforms are for illustrative purposes only. **English language**: The Whitepaper and the Website may be translated into a language other than English for reference purpose only and in the event of conflict or ambiguity between the English language version and translated versions of the Whitepaper or the Website, the English language versions shall prevail. You acknowledge that you have read and understood the English language version of the Whitepaper and the Website. \ **No distribution**: No part of the Whitepaper or the Website is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Company or the Distributor. By attending any presentation on this Whitepaper or by accepting any hard or soft copy of the Whitepaper, you agree to be bound by the foregoing limitations. The White Paper is for informational purposes only. Nothing in the White Paper constitutes legal, financial or tax advice. Its content may be updated from time to time without express notice. You should seek your own professional advice before engaging in any activity in connection with Hyperion. See [Legal Disclaimer](https://docs.hyperion.xyz/legal-and-compliance/legal-disclaimer). # Risk Factors Purchasing services or products Hyperion and/or RION or xRION entail significant risk. We strongly recommend that you carefully review all information in this document, including the following risk factors, or any other document related to the sale of RION or xRION before deciding to purchase RION or xRION and/or perform actions related to RION or xRION. The actual occurrence of any of the following events could have a material adverse effect on the development, business, prospects and results of operations of Hyperion, which may adversely affect your ability to receive rewards from your acquisitions. Many of these factors are contingencies that may or may not occur, and we cannot estimate the likelihood of such contingencies occurring. Although the risks discussed below are not exhaustive and represent only those that we consider to be significant, they may not be the only risks and uncertainties that may be faced by Hyperion. Additional risks not currently known, expected or believed to be immaterial may also have a material adverse effect on the company’s development, business, prospects and results of operations Hyperion, and you may lose a significant portion or all of the price paid to purchase the Hyperion products and/or RION or xRION. Thus, the purchase of Hyperion services or products and/or performing actions related to RION or xRION must be carried out exclusively by individuals who may bear such risks. Before participating, please consider the potential risks carefully and, if necessary, consult with legal, accounting and tax professionals to assess the risk involved. **Risks of the Token Economy**: The token economy is relatively new, and tokens may potentially be subject to regulations, including restrictions on ownership or use. There is no guarantee that the purchased RION or xRION will increase in value, provide a profit, or achieve sufficient distribution and liquidity to be exchanged for other assets. **Risks associated with cryptocurrency volatility**: In general, the rate at which any cryptocurrency can be exchanged for other currencies is extremely volatile. **Risk of uninsured losses**: Unlike traditional financial accounts, RION are not insured by government-backed institutions. Users may purchase private insurance for additional protection. Therefore, if they are lost or the value of the tokens is lost, we do not have a government sponsored insurance company or private insurance company to offer you compensation. **Risks related to taxation**: Tax characteristics of RION are unclear. You should seek your own tax advice in connection with your purchase of RION and use of the products on Hyperion. **Risks associated with uncertain regulations and enforcement actions**: The regulatory status of RION and xRION is unclear or unresolved in many jurisdictions. It is difficult to predict how or whether regulators will be able to apply existing regulations to such technology and its applications. Likewise, it is difficult to predict how or whether legislators or regulators will be able to make changes to laws and regulations affecting such technology and its applications. Regulatory actions may negatively impact Hyperion in various ways, including, for example, by determining that the purchase, sale, delivery or use of RION or xRION constitutes an illegal activity or that registration or licensing is required for some or all parties involved in the purchase, sale, delivery or use of RION or xRION. The White Paper is for informational purposes only. Nothing in the White Paper constitutes legal, financial or tax advice. Its content may be updated from time to time without express notice. You should seek your own professional advice before engaging in any activity in connection with Hyperion. See [Legal Disclaimer](https://docs.hyperion.xyz/legal-and-compliance/legal-disclaimer).