🔥 $HYPE PROPOSAL PERMANENT BURN ASSISTANCE FUND – TOKENOMICS INTENSE!
Hyper Foundation has just made a very important proposal:
👉 Officially recognize all HYPE in the Assistance Fund as BURNED.
🔍 Quick understanding:
Transaction fee → automatically converted to HYPE
Sent to the system wallet 0xfef…fefe
This wallet does not have a private key (like a burn wallet)
→ Tokens that go in stay there, unless there is a hard fork (which the proposal commits is NOT).
🗳️ What is this vote for?
To create social consensus that the amount of HYPE is permanently burned
Commitment to never upgrade the protocol to retrieve this amount of tokens
No need for on-chain action because the tokens are already… non-withdrawable
📉 Tokenomics impact:
Decrease Total Supply & Circulating Supply
Increase scarcity for $HYPE
Supply decreases → demand just needs to budge for the price to react strongly 📈
⚡ The market reacts immediately:
$HYPE +7% just within 1 candle after the news
🧠 Note for staking members:
Check if the validator is voting Yes or No
If you want to decrease supply → redelegate to a validator voting Yes before 24/12
⚠️ This article is for updating governance information only, not a call to buy or sell. Voting is free, while PnL is… at your own risk, my friends 😆.