HyperLend has announced the allocation of its HPL token economic model, detailing a distribution plan that includes 30.14% for ecosystem growth and incentives, 25% for genesis distribution, 22.5% for core contributors, 17.36% for strategic investors, and 5% reserved for liquidity. The lending platform has raised $1.7 million in funding, with backing from investors such as RockawayX, No Limit Holdings, Nucleus, Duplicate Capital, and Dumpster.
Strategic investors will receive 10% equity at the token generation event (TGE), followed by a 4-month lock-up period, with the remaining shares unlocking over two years. HyperLend plans to introduce staking and locking features shortly after TGE, with rewards distributed based on participation. The team has emphasized that the HPL token has not yet officially launched and advises users to rely on information from official channels only.
HyperLend Unveils HPL Token Model, Secures $1.7 Million Funding
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