> For the complete documentation index, see [llms.txt](https://hyperspac3.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hyperspac3.gitbook.io/docs/welcome-to-hyperspac3/what-is-hyperspac3.md).

# What is HyperSPAC3?

HyperSPAC3 is a **Decentralized Special Purpose Acquisition Company (DeSPAC)** that combines the power of blockchain technology with the proven financial structure of **special purpose acquisition companies (SPACs)**. It is designed to facilitate the decentralized acquisition and management of **real-world and digital assets** that generate steady cash flow.

Unlike traditional SPACs, which are typically reserved for institutional investors, HyperSPAC3 opens up **acquisition opportunities to the broader community** by using **$SPAC3 tokens**. Token holders can participate in governance, propose asset acquisitions, and vote on key decisions, creating an ecosystem that is truly decentralized and owned by its community.

**Key Features**:

* **Decentralized Governance**: Token holders can propose and vote on asset acquisitions and other strategic decisions.
* **Real-World Asset (RWA) Integration**: Focused on acquiring income-generating businesses and digital assets that require minimal management.
* **Community Participation**: HyperSPAC3 is built as a **partnership between the team and the community**, ensuring that **50% of the token supply** is reserved for the community’s engagement and success.