Hyper Foundation Requests Validators to Approve HYPE Token Burn
HYPE Token Burn Proposal: The Hyper Foundation is proposing a validator vote to formally recognize the Assistance Fund HYPE tokens as burned, effectively removing them from both circulating and total supply, creating clarity for investors.
Voting Process: Validators will signal their intent in a governance forum by December 21, and users can stake their HYPE tokens to support their chosen validators by December 24, with the final decision based on a stake-weighted consensus.
Automated Token Conversion: The Assistance Fund automatically converts trading fees into HYPE tokens, which are sent to a system address without a private key, making them irretrievable unless a hard fork occurs.
Community Trading Opportunity: Hyperliquid has listed FOGO-USD hyperps, allowing traders to speculate on the unlaunched Fogo token with up to 3x leverage, responding to community demand for trading opportunities.
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