PropŞikayet.com · Special Company Investigation
Hypernova · Platform, Rules & Intelligence Report (2026 In-Depth Review)
An 80% profit split, ~5-second USDC payouts, a $3M Lemniscap round, and contract plus on-chain evidence on founders Anar Bayramov and Nijat Bakhshaliyev · inside the decentralized prop protocol built on Arbitrum smart contracts and the Hyperliquid liquidity engine.
File nature: compiled from the official Terms of Use, help-center documents, Arbitrum on-chain data and independent monitoring records · a comparative record of guidebook rules versus operational risks in the field. Not investment advice.
$3M
Lemniscap-led pre-seed round (May 2026)
80%
Trader profit split, paid on-chain in USDC
~5s
Average withdrawal time on a flat account
9 / 10
PropŞikayet payout-reliability score
1. Corporate Structure, Founder Intelligence & On-Chain Architecture
Hypernova is a decentralized prop-trading protocol built on Arbitrum smart contracts and the Hyperliquid liquidity engine, claiming to eliminate the rule ambiguities and payout delays of traditional prop firms.
| Legal entity & HQ | Hypernova Systems · Cayman Islands, 71 Fort Street, George Town, KY1-111 |
|---|---|
| Official channels | hypernova.xyz · Discord discord.gg/SRQ8hXTeqV · X @HypernovaX |
| Critical distinction | No affiliation whatsoever with hypernovax.com, a consumer-electronics seller. |
| Founder & CEO · Anar Bayramov | Former RockawayX DeFi Director. First institutional investor in Breakout, the prop firm acquired by Kraken in September 2025. |
| Founder & CTO · Nijat Bakhshaliyev | Imperial College London graduate. Former Coinbase senior software engineer; high-frequency systems architect at J.P. Morgan and Citi. |
| Funding | $3,000,000 pre-seed led by Lemniscap in May 2026. Participants: CMS Holdings, Very Early Ventures, Pivot Global and Hyperliquid angel investors. |
| Settlement asset | USDC on Arbitrum One. Gas subsidized by the platform; no ETH needed on the user side, embedded non-custodial wallet. |
Live smart contracts (Arbiscan)
Verifiable on-chain- TradingAccounts:
0x429d8f223acb622e5e748f6a7bdf1235b2334fcb - Vault (payout safe):
0x920973eebffd3bf7da14dd9fb52bd3bea1664c67 - Payout Reserve wallet:
0x43c5f0a81d538a527dbf35d27faa583ac7fada07
2. Asset-Level Leverage & Market Coverage
All pricing and liquidity derive directly from the Hyperliquid L1/L2 order book. 140 perpetual markets in total: 79 crypto, 61 TradFi perps.
| Asset class | Coverage | Leverage | Operational & liquidity impact |
|---|---|---|---|
| Crypto perps (BTC, ETH, SOL) | 79 pairs | 1:20 – 1:50 | Deep Hyperliquid liquidity; low slippage, instant fills. |
| TradFi equities & ETFs (NVDA, TSLA) | 35 pairs | 1:10 – 1:20 | Liquidity can thin outside US session hours. |
| Commodities & metals (gold, oil) | 14 pairs | 1:20 | Spread-widening risk on high-volatility news. |
| Indices & FX (US30, EUR/USD) | 12 pairs | 1:20 | Holding over the weekend while global markets are closed is allowed. |
3. Profit Split & Instant Payout Model
- 100% crypto rails: no bank wires, IBAN, SWIFT, credit cards, Wise or Rise. Purchases and withdrawals run exclusively in USDC on Arbitrum One via smart contracts.
- 80% profit split: the trader keeps 80% of net profit; Hypernova takes a 20% protocol cut.
- ~5-second on-chain payout: request once the funded account is flat; USDC lands in the Arbitrum wallet in ~5 seconds on average. No minimum withdrawal (even $1). Gas sponsored by the platform.
- 24/7 withdrawals: no weekly or biweekly waiting periods; withdraw intraday whenever in profit and flat.
- Drawdown protection: withdrawing profit does not trail the maximum-drawdown floor upward; it stays fixed at account-opening level.
- Closed-alpha $10,000 daily cap: max withdrawable profit per user per day is capped at $10,000 USDC during alpha (to be lifted afterwards).
4. Evaluation Model, Pricing & Trading Freedoms
Single-step evaluation: a 1-Step Assessment instead of multi-stage exams. No minimum trading days, no time limits.
Above-industry freedoms: no time limit, no minimum-day rule (passable in 1 day), news trading allowed, weekend holding allowed, no consistency rule, no mandatory stop-loss, your own algo bots allowed.
Tight Risk model (9% profit target, 3% static DD, 3% daily DD)
| Account size | Fee (one-time) | Profit target (9%) | Static max DD (3%) | Daily limit (3%) |
|---|---|---|---|---|
| $5,000 | $25 | $450 | $4,850 | $150 |
| $10,000 | $50 | $900 | $9,700 | $300 |
| $25,000 | $120 | $2,250 | $24,250 | $750 |
| $50,000 | $200 | $4,500 | $48,500 | $1,500 |
| $100,000 | $400 | $9,000 | $97,000 | $3,000 |
| $200,000 | $800 | $18,000 | $194,000 | $6,000 |
Low Risk model (10% profit target, 6% static DD, 3% daily DD)
| Account size | Fee (one-time) | Profit target (10%) | Static max DD (6%) | Daily limit (3%) |
|---|---|---|---|---|
| $5,000 | $60 | $500 | $4,700 | $150 |
| $10,000 | $115 | $1,000 | $9,400 | $300 |
| $25,000 | $280 | $2,500 | $23,500 | $750 |
| $50,000 | $495 | $5,000 | $47,000 | $1,500 |
| $100,000 | $999 | $10,000 | $94,000 | $3,000 |
| $200,000 | $1,850 | $20,000 | $188,000 | $6,000 |
- Medium Risk: 10% profit target, 7% static drawdown floor, 4% daily loss limit ($5K: $80, $10K: $150, $25K: $365, $50K: $675, $100K: $1,350).
- High Risk (restricted): 10% profit target, 8% static drawdown, 5% daily loss limit. Open to verified professionals meeting set criteria only.
- Discount codes: referral/promo field at checkout. Closed-alpha and partner codes bring 10–20% exam discounts plus commission rebates.
- Costs & non-refundability: no monthly subscriptions, platform fees, hidden commissions or withdrawal fees. The evaluation fee is one-time and non-refundable once paid (Clause 5.2).
5. Banned Trading Practices & Risk Rules
Critical breach and account-termination grounds:
- Cross-account arbitrage & hedging: opposite positions in the same asset across two Hypernova accounts or external prop firms.
- Copy trading & ready signals: copying Telegram/Discord signal groups or using pass-service ready bots (your own bots are allowed).
- Account sharing & joint access: handing account management to someone else or joint trading by multiple users.
- Strategy switching: low-risk swing in evaluation, then hyper-leveraged scalping once funded.
- Latency arbitrage: deliberately exploiting feed anomalies or technical delays.
6. Restricted Countries, KYC & Device Security
- OFAC sanctions block: access from North Korea, Iran, Syria, Cuba, Russia and other sanctioned jurisdictions is strictly prohibited.
- VPN ban and profit forfeiture: the platform monitors VPN/proxy use via IP and technical signals. Accounts entering from sanctioned countries via VPN are terminated immediately with all pending profits seized (Clause 14, Forfeiture).
- Reserved right to mandatory KYC: under Contract Clause 4 and Privacy 3.1, Hypernova reserves the right to demand state-issued ID/passport (KYC) plus a live selfie at the funded transition or before payout.
7. Trading Fees, Developer & API Stack
- Maker / taker commissions: crypto perps maker 0.01% / taker 0.04%; TradFi perps maker 0% / taker 0.005%. Hyperliquid order-book commissions pass through directly.
- Funding rates: periodic perpetual funding interest is drawn from Hyperliquid and reflected instantly in open-position equity.
- Developer support: typed REST API, WebSocket live order-book streams and an OpenAPI specification (openapi.json) for algo funds. On-chain readability via Arbitrum RPC.
- Zero hidden costs: no withdrawal commissions, bank charges, monthly terminal or data fees. Everything settles in Arbitrum USDC with platform-sponsored gas.
8. Scaling, Limits & Legal Arbitration
- Maximum capital cap: total funded balance manageable by one trader at a time is capped at $200,000. At most 1 active exam per asset class (Rulebook 15).
- Governing law & arbitration (Clause 15): the contract is governed by Cayman Islands law. Disputes go exclusively to the Cayman Islands Arbitration Centre (George Town), in English · not local courts.
- Liability cap (Clause 11): for platform faults, feed outages or smart-contract risks, the company’s maximum legal liability is limited to the exam fee paid.
9. Guidebook Rules vs Field-Reality Matrix
| Technical rule in the contract | Field reality and user facts |
|---|---|
| Static drawdown (3–6%): instant-touch rule (Rulebook 06) | A momentary wick touching the floor for even a millisecond burns the account permanently. No appeal or remedy. |
| 'Flat' requirement for withdrawals (Payouts §2) | With a single open trade or pending limit/stop order, the smart contract refuses withdrawal; everything must be closed. |
| Closed-alpha $10,000 daily cap (Payouts §8) | Despite 'unlimited withdrawals' marketing, daily withdrawable profit is capped at $10,000 USDC during alpha. |
| Slippage & liquidity risk (Hyperliquid integration) | On high-volatility news, slippage · especially on TradFi perps · strains the narrow drawdown floor. |
| No capital ownership (Terms §§3.1–3.2) | A funded account is neither an investment nor a bank account; capital belongs to Hypernova. The trader only earns a profit-share right by obeying the rules. |
10. Community Intelligence & Editorial Verdict
Scam assessment and risk facts
Tier-1 On-Chain · Low Spoof Risk- Not a classic scam · transparent DeFi innovation: against Web2 prop firms’ MetaTrader tricks and payout delays, a legitimate Tier-1 on-chain prop protocol running on Arbitrum smart contracts and Hyperliquid liquidity.
- Founder & VC trust: CEO Anar Bayramov as first investor in Kraken-acquired Breakout, CTO Nijat Bakhshaliyev’s Coinbase and Citi record, and the $3M Lemniscap-led round signal strong institutional seriousness.
- Community sentiment: crypto-Twitter sentiment analysis 75% positive / 25% cautious, with proven 5–10-second on-chain payout tx hashes. Reddit debates the narrow 3% floor sensitivity and news-time slippage risks.
9 / 10
Payout reliability · high / on-chain instant
Tier-1
Overall classification · on-chain / low spoof risk
Note to traders: despite the positive picture, the no-appeal burn on instant static-drawdown touch, the flat requirement and the closed-alpha cap are facts anyone entrusting capital here must accept upfront.
Have a complaint? Record your Hypernova experience with evidence. Return to homepage to file a report →
Verified Rule Change History
View All Rule Changes Stream →Official rule revisions and contractual adjustments verified by PropŞikayet Research Desk directly from official documentation.
Operational Notice
Transparency
Official help text revised on "Rulebook": 2 lines added, 2 lines removed. Review the excerpt before trading.
View contract text diff excerpt
Account sizes
$5K – $200K
$5K – $200K
$5K – $200K
$5K – $100K
$5K – $200K
Profit target
9%
$10,000
$94,000
Operational Notice
Payout
Payout reserve changed from $590.6K to $1.00M
Operational Notice
Payout
Payout reserve $611.2K changed to $590.6K