The team behind the interoperability protocol, Hyperlane, announced their upcoming token airdrop plans set to take place at the end of this month. This initiative marks a significant milestone for the project as they strive to enhance community engagement and reward user participation.
The airdrop is scheduled for April 22, with the Hyperlane Foundation providing a portal for users to check their eligibility for the $HYPER tokens. This eligibility verification will be available through April 13, allowing users ample time to prepare for the distribution.
The capital allocation for the token distribution is predominantly tailored towards the community, with an impressive 57% of the total token supply earmarked for users. The remaining tokens will be responsibly allocated as follows: 25% for the core team, 10.9% for investors, and 7.1% for the foundation’s treasury.
One of the noteworthy aspects of this airdrop is that tokens awarded to community recipients will be fully unlocked, providing immediate access to those who participate. In contrast, the tokens designated for the core team and investors will remain locked for the initial 12 months, reinforcing a commitment to long-term stability and development.
In conjunction with the token distribution to early users, Hyperlane is excited to introduce its “expansion rewards” program. This program will be based on the activity of developers and cross-chain end-users, with rewards distributed quarterly in proportion to their engagement on the network. This incentivizes active participation and fosters a collaborative environment.
Nam Chu Hoai, co-founder of Hyperlane, explained the significance of this initiative, stating, “The retroactive token allocation at TGE is just the first of many over the coming several years, as protocol ownership begins moving into the hands of the developers and end-users who rely on Hyperlane to send assets and other critical messages across chains.”
With the upcoming airdrop and the introduction of the expansion rewards, Hyperlane is poised to strengthen its community and incentivize ongoing development, positioning itself as a leader in interoperability protocols. For additional insights, please read more about their recent funding success here.
