Hyperbridge Extends Token Offering Deadline to February 28th, 2025

Hyperbridge has announced an extension for its token offering deadline, with the Token Generation Event now scheduled for Q1 2025.

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Hyperbridge, a leading blockchain interoperability protocol, has announced an extension for its Initial Relayer Offering (IRO) to February 28th, 2025. This follows the successful launch of its mainnet and Gateway Token Bridge.

The IRO, which began in December 2023, has already seen more than 52 million tokens out of the total 100 million supply being snapped up. The extension provides an exclusive chance for potential participants to engage with the Hyperbridge network, where early adopters can still reap bonus rewards as the network expands.

"We’ve been thrilled by the incredible support from our community so far,” said Seun Lanlege, Founder of Polytope Labs. "Selling over 52 million tokens is a major milestone, and with the extension, we’re excited to welcome even more relayers into the Hyperbridge network before our Token Generation Event in Q1.”

With the launch of Hyperbridge’s mainnet, the protocol now seamlessly integrates with a multitude of ecosystems including Ethereum, Optimism, Arbitrum, Base, BNB Chain, zkVerify, Gnosis, Bifrost, and more to come.

The Gateway Token Bridge has also officially launched, facilitating secure and scalable cross-chain token transfers, messaging, and state queries. These integrations establish Hyperbridge as a pivotal player in the evolution of cross-chain applications.

As Hyperbridge builds up to its Token Generation Event in Q1 2025, those involved in the IRO will be among the initial recipients of their tokens, paving the way for active participation in the protocol.

Hyperbridge is experiencing swift adoption, thanks to its cutting-edge zk-technology and priority on security, which has led to integrations within leading blockchain ecosystems. The protocol’s hub model guarantees scalability and reliability, drawing in developers, DAOs, and DeFi projects in search of solid cross-chain solutions.

A minimal fee in BRIDGE tokens is necessary for executing transactions. Transactions involving cross-chain messages, storage queries, and state reads will leverage the token.

Transaction fees collected as tokens are strategically allocated to fuel incentives and rewards for relayers and block producers. Hence, the token maintains a zero inflation rate.

The token will also play a crucial role in governance mechanisms within the protocol. For more information, visit Hyperbridge (https://app.hyperbridge.network/sale).