📣 We would like to inform our community about an upcoming token swap between networks for HYPE. In our commitment to optimize and enhance our ecosystem operation, we have decided to migrate a portion of our token supply from the Binance Smart Chain (BSC) to new Polygon Network. This migration will help prevent inflation and enhance our services for a better user experience. 🚀
📣 Here are the key details about the token swap
📅 1. Applicable Date:
The token swap will take place from 2023–05–20 to 2023–05–31.
🌐 2. General Information:
1,000,000,000 HYPE tokens will be migrated from Binance Smart Chain to Polygon.
👉 BSC Address: For tracking the progress and details of the token swap on the Binance Smart Chain, please visit: https://bscscan.com/token/0x62891201468a517eeec00fe72f33595a3f9047ee
👉 Polygon Address: For information about the new Polygon-based HYPE tokens, including transaction history and other relevant details, please visit: https://polygonscan.com/token/0x3e81783fbeb4746e9515bc4a5fc84dc6d788b0f9
🔄 3. Token Supply Details:
✨ Total Supply: The total supply of HYPE tokens will remain at 5,000,000,000 tokens, with 4,000,000,000 tokens in BSC and an 1,000,000,000 tokens in Polygon.
✨ Circulating Supply: The circulating supply will increase to 1,000,000,000 HYPE tokens, with 500,000,000 tokens initiated circulating in BSC and 500,000,000 new tokens in Polygon. By ratio 1:1 in both networks.
✅️ 4. Purpose of Token Swap:
The primary purpose of this token swap is to prevent inflation and ensure the stability of the HYPE token. By migrating a portion of our token supply to the Polygon Network, we can leverage the network’s capabilities and provide a more robust and scalable platform for our community.
⌛ We are excited about this token supply migration and the opportunities it brings for the HYPE ecosystem. As always, we value the support and participation of our community. Stay tuned for further updates and information regarding the migration process. Together, let’s build a stronger and more sustainable future for HYPE. 🌟
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