The team behind the Interoperability Protocol Hyperlane shared on Thursday that their upcoming token -eirdrop plans will happen at the end of the month.
AirDrop occurs on April 22, and users can control their eligibility to receive $ Hyper -Tokens via a portal delivered by the Hyperlane Foundation before April 13, the team shared in a press release with Coindesk.
The token distribution will mostly go to society, where 57%of the supply goes to users, while the remaining circulating tokens will be distributed to the core team (25%), investors (10.9%) and the foundation’s treasury (7.1%).
The team also shared that AirDrop will be fully unlocked to social recipients, while the core team and investors’ tokens will be locked in the first 12 months.
In addition to the token distribution to the early users, Hyperlane comes out with their “Expansion Rewards” program based on developer and cross-cutting chain-finisher activity and will be distributed to users every quarter proportional to their activity on the network.
“The retroactive token distribution at TGE is just the first of many in the coming years, as protocol ownership begins to move in the hands of the developers and end users who depend on Hyperlane to send assets and other critical messages across chains,” said Nam Chu Hoai, a co -founder of Hyperlane.
Read more: Blockchain Startup Hyperlane Travel $ 18.5 m
