Hipo Governance Token
HPO
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
HPO (Hipo Governance Token) on The Open Network (TON) functions as the governance asset for the Hipo liquid staking protocol. Active development demonstrates ongoing maintenance (score 5.5/10), evidenced by quarterly fund reports and tooling such as the Hipo MCP Server, though commit-level shipping remains thin. The protocol's underlying smart contracts benefit from several reputable audits (TonTech, ProgramCrafter, Quantstamp), though the HPO token contract itself lacks a dedicated audit (Security: 5.5/10). However, the asset suffers from profound structural weaknesses: the team is entirely non-verifiable with minimal formal governance framework (2.5/10), tokenomics are limited to governance utility with no value accrual or transparent vesting (4.0/10), and market adoption is exceptionally low with micro-cap valuation (~$1.75M) and negligible daily trading volume under $130 (2.0/10). A notable data gap occurred in Community Support (-1.0), which was excluded from the weighted average due to cross-contamination with unrelated projects sharing the HPO ticker across other chains.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Hipo Governance Token (HPO)
HPO (Hipo Governance Token) is the native governance asset of Hipo Protocol, an open-source liquid staking protocol deployed on The Open Network (TON). Launched on November 25, 2024, the token is designed to grant governance rights over the protocol's operations, where users stake native TON assets and receive liquid staking receipts (hTON).
The underlying smart contracts of the Hipo liquid staking protocol have undergone multiple third-party audits, including assessments by TonTech in October 2023, ProgramCrafter in March 2024, and Quantstamp in April 2025. Development activity has included published quarterly fund reports and tooling releases such as the Hipo MCP Server. However, while the core liquid staking contracts have been reviewed, the HPO governance token contract itself has not received a dedicated independent security audit.
HPO faces notable structural and market challenges. The development team remains non-verifiable, and concrete documentation regarding formal governance frameworks and proposal procedures is absent. From a tokenomics perspective, the asset offers governance-only utility without documented burn mechanisms or value-accretion models, and vesting schedules for the uncirculated portion of the 1 billion total supply remain undisclosed. Additionally, the token exhibits negligible trading volume and minimal market liquidity.