PANews, October 20 news, HyperSwap announced that the SWAP Token will undergo Genesis on October 20 on HyperEVM and HyperCore, with a maximum supply of 100 million tokens. The token distribution is as follows: 25% to the community, 25% to investors, 25% to liquidity mining, 8% to core contributors, 10% to trading activity airdrops, 3% to advisors, 2.5% to LPs, and 1.5% to HIP-2. The project will use 75% of product revenue for SWAP buybacks, with buy orders exceeding 5 million USD measured in trading volume over the past six months. The Genesis community and early investors are each allocated 25 million tokens, which can be unlocked immediately; the mining portion will be released linearly over 12–36 months; xSWAP can be redeemed for up to 6 months, with 50% of the unvested portion destroyed upon early exit.
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SWAP Genesis Launch Today: HyperSwap Announces Token Distribution and 75% Revenue Buyback Mechanism
PANews, October 20 news, HyperSwap announced that the SWAP Token will undergo Genesis on October 20 on HyperEVM and HyperCore, with a maximum supply of 100 million tokens. The token distribution is as follows: 25% to the community, 25% to investors, 25% to liquidity mining, 8% to core contributors, 10% to trading activity airdrops, 3% to advisors, 2.5% to LPs, and 1.5% to HIP-2. The project will use 75% of product revenue for SWAP buybacks, with buy orders exceeding 5 million USD measured in trading volume over the past six months. The Genesis community and early investors are each allocated 25 million tokens, which can be unlocked immediately; the mining portion will be released linearly over 12–36 months; xSWAP can be redeemed for up to 6 months, with 50% of the unvested portion destroyed upon early exit.