Looping Collective

loopedHYPE is community-owned and launched by the Looping Collective.

The Looping Collective is backed by a governance & utility token, 80% of which is distributed between all ecosystem players, including depositors, protocols and validators.

• 7.5% sold in a private community sale

• 2.5% offered in a perpetual liquidity pool

• 10% stored in the Collective Fund

  • The Collective Fund will be progressively unlocked with the progress milestones outlined in the phases below.

• 80% airdropped to Depositors & Ecosystem Players (staggered in phases):

  • Phase 1: $5M TVL = (20% Unlocked)

  • Phase 2: $50M TVL = (15% Unlocked)

  • Phase 3: $200M TVL = (15% Unlocked)

  • Phase 4: $1B TVL = (15% Unlocked)

  • Phase 5: $5B TVL = (15% Unlocked)

Note: Rewards start accruing for wallets that hold the position for at least 8 weeks.