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HyperSwap Launches SWAP Token on HyperEVM and HyperCore

The new token has a 100 million supply, with structured allocations and a buyback plan tied to product revenue.

CORE

Summary

HyperSwap has introduced its SWAP token on HyperEVM and HyperCore with a total supply of 100 million. The allocation includes 25% each to the community, investors, and liquidity mining, 8% to core contributors, 10% for trading airdrops, and smaller amounts for advisors and LPs. Seventy-five percent of product revenue will be used for token buybacks, estimated at over $5 million based on historical trading activity. Tokens for the community and early investors are fully unlocked, while mining rewards will be released gradually over 12 to 36 months.

Terms & Concepts
  • HyperEVM: A blockchain execution environment developed by HyperSwap, compatible with Ethereum Virtual Machine standards for decentralized applications.
  • Liquidity Mining: A process where users provide assets to a DeFi protocol’s liquidity pool in exchange for rewards, often in the project’s native token.
  • Token Buyback: A mechanism where a project uses revenue to repurchase its own tokens from the market, potentially reducing supply and supporting price.