Hyperbridge has announced the extension of its Initial Relayer Offering (IRO) deadline to February 28th, 2025, providing additional time for participants to join the network. Meanwhile, the token generation event is slated for Q1 2025.
Extension and Successful Token Sales
In response to high demand, Hyperbridge has extended its IRO deadline to February 28th, 2025. Over 52 million tokens have already been sold from the total supply of 100 million. This decision has been supported by the Hyperbridge community, as highlighted by Polytope Labs founder Seun Lanlege.
Mainnet Launch and Expanded Integrations
The launch of Hyperbridge's mainnet and the operational Gateway Token Bridge are significant steps toward enhancing blockchain interoperability. The protocol is now integrated with major ecosystems such as Ethereum, Optimism, among others. The Gateway Token Bridge provides secure and scalable cross-chain transactions.
Future Plans and Utility of Hyperbridge Token
The upcoming token generation event in Q1 2025 will allow IRO participants to actively engage with the protocol. The Hyperbridge token ($BRIDGE) will serve utilitarian functions in the network, including governance and transaction fee payment, ensuring zero inflation of the token. All collected fees will be used to incentivize relayers and block producers.
Hyperbridge continues to progress, successfully implementing its systems and expanding influence. With successful token sales and upcoming events, the project fortifies its position in blockchain technology.
