The Hyperlane Foundation has announced that approximately 8.8 million unclaimed HYPER tokens from its recent airdrop will be redirected to incentivize the future expansion of the Hyperlane network.
In a social media update, the foundation revealed that approximately 88% of the HYPER airdrop has already been pre-claimed. The remaining 12%, roughly equivalent to 8.8 million HYPER, will be repurposed to support various ecosystem growth initiatives.
According to the foundation, approximately 8.2 million HYPER will be used to support the first two quarterly expansion reward allocations through HyperStreaks, a program designed to encourage continued activity in the Hyperlane ecosystem. Additionally, 600,000 HYPER will continue to fund the Hyperlane Pilot program, which aims to bring new projects and developers to the platform.
On April 16, the Foundation confirmed that the pre-solicitation phase had officially ended.
In our weekly crypto calendar news, we reported that Hyperlane will distribute airdropped tokens to community members who requested them on Tuesday. According to the developers, 57% of the total HYPER supply will be distributed to members.
*This is not investment advice.
