Polkadot Rollup and Hyperbridge expand initial relay offering after selling more than 52 million tokens

ZURICH, Switzerland, January 17, 2025 /Chainwire/ – Following the successful launch of its mainnet and Gateway Token Bridge, Hyperbridge announces the extension of the Initial Relay Offer (IRO) deadline until February 28, 2025.

This decision comes in response to huge demand, as more than 52 million tokens have already been sold out of a total of 100 million offers.

The extension offers potential participants a limited-time opportunity to join the Hyperbridge network, with early purchasers remaining eligible for rewards. As Hyperbridge expands its reach, this extension provides a final window for backers to secure their position within the ecosystem.

• 50% Bonus Already Claimed: Early participants who joined before the initial deadline received a nominal 50% bonus, a testament to Hyperbridge’s commitment to rewarding early adoption.
• 15% Bonus Available: A limited opportunity remains for participants to receive a 15% bonus on their token purchase.

“We have been overwhelmed by the incredible support our community has provided so far,” said Seun Lanlege, founder of Polytope Labs. “Over 52 million tokens sold is a major milestone, and with the extension, we are excited to welcome more tokens to the Hyperbridge network ahead of the Q1 token generation event.”

Hyperbridge’s mainnet launch represents significant progress in its journey towards transforming blockchain interoperability. The protocol has integrations with several ecosystems, including Ethereum, Optimism, Arbitrum, Base, BNB Chain, zkVerify, Gnosis, Bifrost, and more.

The Gateway Token Bridge is already in place, enabling secure and scalable cross-chain token transfers, messaging, and state queries. These integrations position Hyperbridge as a major contributor to cross-chain application development.

Hyperbridge is scheduled to hold a token creation event in Q1 2025, and IRO participants will be among the first to receive their tokens, opening opportunities to actively participate in the protocol.

With zk’s advanced technology and focus on security, Hyperbridge has already seen rapid adoption, supported by integration across major blockchain ecosystems. The protocol’s hub model ensures scalability and reliability, attracting developers, DAOs and DeFi projects looking for robust cross-chain solutions.

Regarding the utility of the Hyperbridge token, $BRIDGE: A minimum BRIDGE token fee is required for transactions. So transactions such as on-chain messages, storage queries, and state reads will use the token.

The tokens collected as transaction fees are used to fund incentives and rewards for both migrators and block producers. Hence, the token is planned to have zero inflation. The token will also be used for governance.

For more information, users can visit Hyperbridge (https://app.hyperbridge.network/sale)

About Hyperbridge

Hyperbridge It is a co-processor of the cryptoeconomy for secure and verifiable interoperability supported by consensus and proof of storage. Hyperbridge is HTTPS for blockchain interoperability, providing developers with onchain and off-chain SDKs to securely send cross-chain messages (POST requests) and read on-chain storage (GET requests).

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About Polytop Labs

Polytop Laboratories It is a group of researchers and engineers founded by the core developers of Ethereum, Polkadot, and IBC. It focuses on addressing fundamental infrastructure issues that continue to hinder the cryptocurrency industry, such as interoperability, scalability, and privacy.

The team believes that Web3 is the next evolutionary step for the Internet, and is fully committed to developing truly decentralized technologies.

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Jonathan Doran

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