Hipo Governance Token (HPO): What Holding It Means

HPO is Hipo’s governance token on TON. Hipo describes its liquid-staking protocol as letting users stake TON and receive hTON, a separate token representing staked TON. HPO is not that staking receipt: holding HPO does not, by itself, mean you have staked TON or can redeem TON. Hipo has not published the exact governance rights attached to HPO, such as how voting works, who can submit proposals, or whether holding a particular amount qualifies you to participate. Treat the governance label as a description of the token’s intended role, not a guarantee of a specific benefit. Before relying on HPO for a vote or other project decision, check Hipo’s current rules and confirm that they refer to HPO. Do not assume HPO automatically earns staking rewards or a share of protocol revenue.

HPO is issued on TON, so you need a wallet that supports TON tokens (often called jettons) to receive and store it. Check the wallet’s current token support before sending funds, and verify HPO’s token identity against Hipo’s official channels; a familiar ticker alone is not enough to identify the right asset. If you use a centralized exchange, check that it supports HPO deposits and withdrawals on TON specifically. A token can appear in a wallet or exchange interface without every transfer route being available. Hipo’s staking product is described as using hTON for staked TON, which is distinct from HPO. Keep the token you intend to transfer and the network selected by the recipient consistent. Sending HPO to an address or service that does not support TON tokens can make recovery difficult or impossible.

HPO has a maximum supply of 1 billion tokens. The circulating supply is about 754.2 million, while total supply is about 954.2 million. These figures leave a difference between circulating and total supply, so check project disclosures for what remains outside circulation and how it may be distributed; do not assume the maximum has already been issued. As of 2026-11-08, HPO traded at about $0.0042, with a market capitalization of about $3.2 million and 24-hour trading volume of about $1,158. Those figures can change quickly, and low reported volume can make it harder to trade at a quoted price or exit a position without affecting the price. Check current market depth and the exact token you are dealing with before making a transaction. Past prices do not establish what HPO will be worth later.

Store HPO in a TON-compatible wallet whose recovery phrase you control, or use a custodian only if you understand its withdrawal and security policies. Keep your recovery phrase offline and private; anyone who obtains it may be able to control your tokens. Never share it with someone claiming to help with a wallet, staking, or governance vote. Confirm the token identity and recipient address before sending, and consider a small test transfer when appropriate. HPO also carries project and market risks: governance powers may be limited or change, and the token’s value and trading liquidity can fall. If you use Hipo’s staking products, understand those separately from HPO. Liquid-staking tokens can depend on smart contracts, validator performance, and redemption conditions; a token intended to represent staked assets may not always be redeemable immediately or at the value you expect. Review the relevant contract and redemption terms before committing assets.