HyperLend announced the distribution of its HPL token economic model and disclosed that it has raised $1.7 million in funding to date.
PANews reported on January 19th that lending platform HyperLend announced its HPL token economic model allocation: 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 protocol has raised $1.7 million to date, with investors including RockawayX, No Limit Holdings, Nucleus, Duplicate Capital, and Dumpster. Strategic investors receive 10% equity at token issuance (TGE), followed by a 4-month lock-up period, with the remaining shares gradually unlocked over 2 years. Staking and locking features will launch shortly after the token generation event, with rewards derived from reserve factors and distributed based on participation. The team emphasized that HPL has not yet officially launched and reminded users to only trust information released through official channels.
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