Polkadot Rollup, Hyperbridge, Extends Preliminary Relayer Providing After Promoting 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 pronounces the extension of its Preliminary Relayer Providing (IRO) deadline to February twenty eighth, 2025. This determination is available in response to overwhelming demand, with over 52 million tokens out of the whole 100 million provide already offered.

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

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

“We’ve been thrilled by the unbelievable assist from our neighborhood to date,” mentioned Seun Lanlege, Founding father of Polytope Labs. “Promoting over 52 million tokens is a serious 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 reside, 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 purposes.

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

With its superior zk-technology and deal with 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 tasks on the lookout for sturdy cross-chain options.

Concerning utility for the Hyperbridge token, $BRIDGE: a minimal BRIDGE token payment is required for transactions. So transactions similar to 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 will even be used for governance.

For extra info, customers can go to Hyperbridge (https://app.hyperbridge.community/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 basic infrastructure issues that proceed to carry again the crypto business, similar to interoperability, scalability, and privateness. The crew believes that Web3 is the following evolutionary step of the web, and is absolutely dedicated to advancing actually decentralized applied sciences.

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