HyperLend announces HPL token economics: 30.14% for ecosystem growth and incentives
The lending platform HyperLend has announced the HPL tokenomics, with 30.14% allocated for ecosystem growth and incentives, 25% for genesis distribution, 22.5% for core contributors, 17.36% for strategic investors, and 5% reserved for liquidity.In addition, HyperLend disclosed that it has completed $1.7 million in financing to date, with investors including 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 gradually unlocking over 2 years. Staking and locking features will be launched shortly after the token generation event, with rebates coming from the reserve factor and distributed based on participation.The team emphasizes that HPL has not officially launched yet and reminds users to only trust information released through official channels.