Trove Launches ICO Countdown: $2.5 Million Funding, 100% TGE Unlock, Why Is This Funding Seen as Promising

2026-01-06 03:32:46

Hyperliquid’s Perp DEX Trove on the chain officially launches its ICO, with a fundraising target of $2.5 million and a FDV of $20 million. The ICO runs from January 8 to 11. This is a relatively rational and user-friendly project plan in the current market, with a modest fundraising scale.

Overview of Core ICO Rules

Key Parameters	Specific Values
ICO Duration	January 8-11 (UTC 5 PM)
Fundraising Goal	$2.5 million
FDV Valuation	$20 million
TGE Unlock	100%
Token Airdrop	Third week of January

User Priority Design

Trove has set up an incentive mechanism for existing users during the ICO. Users holding Trove points enjoy priority allocation, where:

Users holding 250,000 to 10 million Trove points can receive an additional 10%-20% quota during subscription
Users without points can participate with the basic quota
All participants will have 100% unlock at TGE with no lock-up period

This design is relatively friendly to early users, with higher point levels granting proportionally larger quotas.

Focus on Token Economics Distribution

According to the official tokenomics, Trove token distribution clearly emphasizes ecosystem development:

60% allocated for buyback programs, with uses decided via governance voting
20% allocated to HIP-3 service providers to incentivize ecosystem participants
10% for growth and expansion
10% for staking incentives

This structure demonstrates the project’s consideration for market stability, with most tokens used for buybacks rather than direct circulation. The 20% allocation to HIP-3 service providers also reflects the importance placed on the Hyperliquid ecosystem.

Market Perspective on This Fundraising

Based on community discussions, there is a relatively positive attitude toward Trove’s ICO. Some investors note that this is “one of the few reasonable fundraisings recently,” with a $2.5 million raise and a $20 million FDV valuation, which is more rational compared to some recent projects with aggressive valuations. The 100% TGE unlock presents some selling pressure risk but also shows the project’s confidence in its token value.

Meanwhile, Trove, as one of the “best UX platforms” within the HIP-3 ecosystem, has already accumulated a user base on Hyperliquid. Participants in this ICO include both new entrants and early investors and point farmers.

Points to Watch Moving Forward

The ICO is about to start, and participants should pay attention to a few details: it begins promptly at UTC 5 PM on January 8; interested users should prepare in advance; the deadline is January 11—don’t miss the window; token airdrops are expected in the third week of January, when actual token circulation will be visible.

Summary

Trove’s ICO plan appears relatively restrained and rational in the current market environment—moderate fundraising scale, acceptable valuation, clear user incentives, and token economics supported by buybacks. Whether this design translates into long-term project value will depend on market performance after the ICO and Trove’s competitiveness in the Perp trading market. For users with Trove points, this ICO offers additional quota opportunities; new participants need to make decisions within a short time window.

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