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Hyper Foundation confirms HYPE burn as validators back Assistance Fund vote
Source: Cryptonews Original Title: Hyper Foundation confirms HYPE burn as validators back Assistance Fund vote Original Link:
Overview
Hyper Foundation has confirmed that HYPE tokens sent to the Assistance Fund system address are formally recognized as burned and permanently removed from both circulating and total supply.
A stake-weighted governance vote resulted in 85% support for recognizing the tokens as burned, 7% against, and 8% abstaining, aligning on-chain reality with governance and accounting practices.
Token Burn Confirmation
The decision means tokens held at the Assistance Fund address are no longer accessible or recoverable. Token burns permanently remove cryptocurrency from circulation, preventing the tokens from being spent, transferred, or reintroduced.
Earlier this month, Hyper Foundation proposed a validator vote to formally acknowledge the Assistance Fund HYPE as burned, with the goal of aligning on-chain reality with governance and accounting practices.
Supply Transparency
The move represents an effort to establish transparent supply management by resolving outstanding questions about token status through stakeholder voting and on-chain finalization. The confirmation removes uncertainty about whether the Assistance Fund tokens could return to circulation.