Polkadot Rollup, Hyperbridge, Extends Initial Relayer Offering After Selling Over 52 Million Tokens

[PRESS RELEASE – Zurich, Switzerland, January 17th, 2025]

Hyperbridge Extends Token Providing Deadline, Token Technology Occasion Set for Q1 2025

Following the profitable launch of its mainnet and Gateway Token Bridge, Hyperbridge proclaims the extension of its Preliminary Relayer Providing (IRO) deadline to February twenty eighth, 2025. This choice is available in response to overwhelming demand, with over 52 million tokens out of the whole 100 million provide already bought.

The extension affords potential individuals a limited-time alternative to hitch the Hyperbridge community, with early patrons nonetheless eligible for bonuses. As Hyperbridge expands its attain, this extension offers a remaining window for supporters to safe their place throughout the ecosystem.

• 50% Bonus Already Claimed: Early individuals who joined earlier than the preliminary deadline secured a 50% token bonus, a testomony to Hyperbridge’s dedication to rewarding early adoption.
• 15% Bonus Accessible: A restricted alternative stays for individuals to obtain a 15% bonus on their token buy.

“We’ve been thrilled by the unimaginable help from our neighborhood to this point,” stated Seun Lanlege, Founding father of Polytope Labs. “Promoting over 52 million tokens is a significant milestone, and with the extension, we’re excited to welcome much more relayers into the Hyperbridge community earlier than our Token Technology Occasion in Q1.”

Hyperbridge’s mainnet launch marks a notable development in its journey towards reworking blockchain interoperability. The protocol has integrations with many ecosystems, together with Ethereum, Optimism, Arbitrum, Base, BNB Chain, zkVerify, Gnosis, Bifrost, and extra.

The Gateway Token Bridge is already dwell, enabling safe, scalable cross-chain token transfers, messaging, and state queries. These integrations place Hyperbridge as a key contributor to the development of cross-chain functions.

Hyperbridge is ready to carry its Token Technology Occasion in Q1 2025, and individuals within the IRO can be among the many first to obtain their tokens, unlocking alternatives to actively have interaction with the protocol.

With its superior zk-technology and give attention to safety, Hyperbridge has already seen speedy adoption, supported by integrations throughout main blockchain ecosystems. The protocol’s hub mannequin ensures scalability and reliability, attracting builders, DAOs, and DeFi initiatives on the lookout for sturdy cross-chain options.

Concerning utility for the Hyperbridge token, $BRIDGE: a minimal BRIDGE token charge is required for transactions. So transactions resembling cross-chain messages, storage queries, and state reads will use the token. Tokens collected as transaction charges are used to fund incentives and rewards for each relayers and block producers. Therefore the token is deliberate to have zero inflation. The token can even be used for governance.

For extra info, customers can go to Hyperbridge (https://app.hyperbridge.network/sale)

About Hyperbridge

Hyperbridge is a cryptoeconomic coprocessor for safe, verifiable interoperability powered by consensus and storage proofs. Hyperbridge is the HTTPS of blockchain interoperability, offering builders with onchain and off-chain SDKs for securely sending cross-chain messages (POST requests) and studying on-chain storage (GET requests).

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About Polytope Labs

Polytope Labs is a collective of researchers and engineers based by core builders of Ethereum, Polkadot, and IBC. Targeted on addressing elementary infrastructure issues that proceed to carry again the crypto trade, resembling interoperability, scalability, and privateness. The staff believes that Web3 is the subsequent evolutionary step of the web, and is totally dedicated to advancing really decentralized applied sciences.

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