According to ChainCatcher, lending platform HyperLend has announced the allocation of its HPL token economic model. 30.14% will be used for ecosystem growth and incentives, 25% for genesis distribution, 22.5% will be allocated to core contributors, 17.36% will go to strategic investors, and 5% will be reserved for liquidity. To date, the protocol has raised $1.7 million in funding, with investors including RockawayX, No Limit Holdings, Nucleus, Duplicate Capital, and Dumpster. Strategic investors will receive 10% of their allocation at the token generation event (TGE), followed by a four-month lock-up period, with the remaining shares unlocking gradually over two years. Staking and locking functions will be launched shortly after the token generation event, with rewards sourced from the reserve factor and distributed based on participation. The team emphasized that HPL has not officially launched yet and reminded users to trust only information released through official channels.
HyperLend Discloses HPL Token Allocation and Reveals $1.7M in Funding
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Summary
HyperLend has disclosed its HPL token allocation and confirmed $1.7 million in funding for the token launch announcement. The token model allocates 30.14% to ecosystem growth, 25% for genesis distribution, 22.5% to core contributors, 17.36% to strategic investors, and 5% for liquidity. Strategic investors will receive 10% equity at the Token Generation Event (TGE), followed by a 4-month lock-up period. Staking and locking will commence after TGE, with rewards sourced from the reserve factor. The team notes that HPL has not officially launched yet and advises users to rely solely on official channels for any new token listings.
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