Hyperbridge Expands Initial Relayer Offering Following the Successful Sale of Over 52 Million Tokens
Hyperbridge has announced an extension for its token offering deadline, with the Token Generation Event now scheduled for Q1 2025.
In a significant move for the ecosystem, Hyperbridge has revealed that it is extending the deadline for its Initial Relayer Offering (IRO) to February 28th, 2025, following the successful launch of its mainnet and Gateway Token Bridge. This move is driven by an incredible surge in interest, as more than 52 million tokens from the total 100 million supply have already been snapped up.
The extension presents an exclusive chance for potential participants to engage with the Hyperbridge network, where early adopters can still reap bonus rewards. As Hyperbridge broadens its horizons, this extension offers a crucial opportunity for enthusiasts to solidify their stake within the ecosystem.
- 50% Bonus Already Claimed: Early participants who joined before the initial deadline secured a 50% token bonus, a testament to Hyperbridges commitment to rewarding early adoption.
- 15% Bonus Available: A limited opportunity remains for participants to receive a 15% bonus on their token purchase.
Weve been thrilled by the incredible support from our community so far, said Seun Lanlege, Founder of Polytope Labs. Selling over 52 million tokens is a major milestone, and with the extension, were excited to welcome even more relayers into the Hyperbridge network before our Token Generation Event in Q1.
The launch of Hyperbridges mainnet signifies a significant leap forward in its mission to revolutionize blockchain interoperability. The protocol seamlessly integrates with many ecosystems, such as Ethereum, Optimism, Arbitrum, Base, BNB Chain, zkVerify, Gnosis, Bifrost, and beyond.
The Gateway Token Bridge has officially launched, facilitating secure and scalable cross-chain token transfers, messaging, and state queries. These integrations establish Hyperbridge as a pivotal player in the evolution of cross-chain applications.
Hyperbridge is gearing up for its Token Generation Event in Q1 2025, and those involved in the IRO will be among the initial recipients of their tokens, paving the way for active participation in the protocol.
Leveraging cutting-edge zk-technology and prioritizing security, Hyperbridge is experiencing swift adoption, bolstered by integrations within leading blockchain ecosystems. The protocols hub model guarantees scalability and reliability, drawing in developers, DAOs, and DeFi projects in search of solid cross-chain solutions.
Regarding the utility of the Hyperbridge token, $BRIDGE, its important to note that a minimal fee in BRIDGE tokens is necessary for executing transactions. Transactions involving cross-chain messages, storage queries, and state reads will leverage the token. Transaction fees collected as tokens are strategically allocated to fuel incentives and rewards for relayers and block producers. Thus, the token is designed to maintain a zero inflation rate. The token will serve a crucial role in governance mechanisms.
For more information, users can visit Hyperbridge (https://app.hyperbridge.network/sale).
Text source: ZyCrypto
