According to HashNews, Hyper Foundation announced that the community, through validator governance voting, has successfully designated the HYPE tokens held in the aid fund address 0xfefef...fefe as destroyed. In the vote, 85% supported the destruction, 7% opposed, and 8% abstained. The batch of tokens will be permanently removed from circulation and total supply. Earlier this month, the Hyper Foundation proposed that the HYPE tokens held in the aid fund be considered destroyed and permanently removed from circulation and total supply.
Hyper Foundation Announces Destruction of HYPE Tokens
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Summary
KuCoin exchange reports that Hyper Foundation has confirmed the destruction of HYPE tokens in the aid fund address 0xfefef...fefe. Validator governance voting saw 85% support, 7% against, and 8% abstained. The tokens will be permanently removed from circulation and total supply. Earlier this month, Hyper Foundation proposed the same action for the HYPE tokens in the aid fund. KuCoin users can track the ongoing developments in real time.
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