Due to high demand, the Hyperbridge project extends its token offering period. Over 52 million tokens have already been sold.
IRO Extension Deadline
Hyperbridge announced the extension of its Initial Relayer Offering (IRO) to February 28, 2025. This decision was made in response to high demand, with over 52 million tokens out of the total 100 million already sold. Participants who purchased tokens before the initial deadline secured a 50% bonus. There remains an opportunity to secure a 15% bonus for new participants purchasing tokens within the extended period.
Key Achievements of Hyperbridge
The launch of the mainnet and Gateway Token Bridge marked a significant step forward for Hyperbridge in its journey toward transforming blockchain interoperability. The protocol has integrated with ecosystems such as Ethereum, Optimism, Arbitrum, Base, BNB Chain, zkVerify, Gnosis, and Bifrost. The Gateway Token Bridge enables secure and scalable cross-chain token transfers, messaging, and state queries, positioning Hyperbridge as a key contributor to the advancement of cross-chain applications.
Future of the BRIDGE Token
Hyperbridge is set to hold its Token Generation Event in Q1 2025, and participants in the IRO will be among the first to receive their tokens. A minimal BRIDGE token fee will be required for transactions within the network. These tokens will fund relayer and block producer incentives, with plans for the token to maintain zero inflation. The token will also be used for governance participation.
With the Token Generation Event set for 2025, Hyperbridge continues to solidify its market position by offering powerful interoperability and security solutions in the blockchain space. IRO participants can expect significant opportunities within this dynamically evolving platform.
