Hyper Foundation has initiated a validator vote to confirm the destruction of HYPE tokens held in the Assistance Fund. The token launch mechanism automatically converts fees into HYPE through a system address that lacks a private key. A 'yes' vote will finalize the token burn without requiring any on-chain action, ensuring the address remains inaccessible for future protocol use. The vote's outcome will be determined by the staked weight as of December 24, 04:00 UTC.
Hyper Foundation Initiates Vote on HYPE Token Destruction
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