Polkadot Rollup Extends Initial Relayer Offering After Notable Token Sales Milestone

Title: Polkadot Rollup, Hyperbridge, Extends Initial Relayer Offering After Selling Over 52 Million Tokens

Polkadot Rollup, the innovative blockchain solution, has announced an extension of its initial relayer offering deadline due to overwhelming demand. The company has successfully sold over 52 million tokens in a remarkable achievement, further solidifying its position as a major player in the market.

The extension will give prospective participants one last chance to join the Hyperbridge network before the token generation event takes place in Q1 of this year. As part of this offering, early buyers are still eligible for bonuses, demonstrating Hyperbridge’s commitment to rewarding early adoption.

“The incredible support from our community has been thrilling,” said Seun Lanlege, founder of Polytope Labs. “With over 52 million tokens sold, we’re excited to welcome even more relayers into the Hyperbridge network before our Token Generation Event in Q1.”

This unprecedented success marks a significant milestone for Polkadot Rollup and its flagship project, Hyperbridge. With integrations with numerous ecosystems including Ethereum, Optimism, Arbitrum, Base, BNB Chain, zkVerify, Gnosis, Bifrost, and more, it is clear that the company has made substantial progress in its journey toward transforming blockchain interoperability.

The Gateway Token Bridge is now live, allowing for secure, scalable cross-chain token transfers, messaging, and state queries. With this achievement comes a heightened role for Hyperbridge as a key contributor to the advancement of cross-chain applications.

Following the successful mainnet launch, the company will be hosting its Token Generation Event in Q1 2025, which will grant participants access to their tokens. It is essential to note that transaction fees will utilize the token, $BRIDGE, and these funds will support incentives for both relayers and block producers, ensuring zero inflation.

As a governance token, it will also be used for voting purposes within the network.

For those interested in exploring this groundbreaking innovation further, Hyperbridge invites users to visit their website at https://app.hyperbridge.network/sale.

Source: cryptonewsland.com