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HyperSwap announces SWAP Token distribution and buyback mechanism
According to news from HashiChain, HyperSwap announced on October 20 that the SWAP Token will have its Genesis on HyperEVM and HyperCore, with a maximum supply of 100 million pieces. The token will be allocated to the community 25%, investors 25%, liquidity mining 25%, core contributors 8%, trading activity airdrop 10%, advisors 3%, LP 2.5%, and HIP-2 1.5%. The project will use 75% of product revenue for SWAP buybacks, with an expected buyback amount of 5 million USD. The Genesis community and early investors will each be allocated 25 million pieces, immediately unlocked; the mining portion will be released linearly over 12-36 months; xSWAP will have a maximum vesting period of 6 months, with 50% of unvested portions destroyed upon early exit.
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