HyperLend announces HPL token economic model distribution and discloses $1.7 million raised so far

PANews January 19 News, lending platform HyperLend announced the distribution of the HPL token economic model, with 30.14% allocated for ecosystem growth and incentives, 25% for genesis distribution, 22.5% belonging to core contributors, 17.36% allocated to strategic investors, and 5% reserved for liquidity. The protocol has so far completed $1.7 million in funding, with investors including RockawayX, No Limit Holdings, Nucleus, Duplicate Capital, Dumpster, and others. Strategic investors will receive 10% equity at the token generation event (TGE), followed by a 4-month lock-up period, with the remaining shares gradually unlocked over 2 years. Staking and lock-up functions will be launched shortly after the token generation event, with rebates coming from reserve factors and distributed based on participation. The team emphasizes that HPL has not yet officially launched and reminds users to only trust information released through official channels.