Announcement on the additional issuance of HYPE for Supreme Finance business expansion. Hello,.
23 Jun 2022, 08:54
Announcement on the additional issuance of HYPE for Supreme Finance business expansion
Hello,
This is HYPE from Supreme Finance.
At the moment, HYPE has been expanded from 50,000,000 to 500,000,000 (0.5billion) in accordance with expansion of the existing platform.
Recently, the Supreme Finance HYPE Foundation has been planning to issue additional Max Supply to increase its maximum supply to 3 billion in order to respond accordingly to the expanding blockchain ecosystem in various aspects for a business expansion in a greater scale.
Therefore, we would like to make a vote on this matter to hear your opinions (holders) so we could know pros and cons suggested.
Overall, HYPE Max Supply will increase, but existing systems and circulation supply of internal lock-up will remain unchanged.
Although HYPE started as the first DeFi model, recently it has been working on diverse business sections such as P2E, Metaverse, and NFT in response to rapid changes in the market.
Due to this, we think that the existing number available for issuance will be run far too short, so we are announcing a vote and schedule for the matter of additional issuance of Max Supply.
Voting schedule for the agenda of additional HYPE issuance
Voting time:
22, June 23rd 08:30 AM (Thu) ~ 22, June 24th 08:30 AM (Fri) UTC
If the majority of people vote “yes” for the additional issuance, HYPE will proceed with the business expansion as well as additional issuance in a swift manner.
We show our sincere gratitude to every single holder who’ve put trust in use and investing in HYPE. On behalf of the HYPE foundation, we promise we will try our best to meet your expectations.
Thank you.