Hytopia has just unveiled the HY Foundation, a new legal group based in the Cayman Islands. This foundation will manage the platform's upcoming token, $HYBUX, and lead the game's migration to the Base network. This shift comes with a token airdrop and changes to the staking system. The team also teased new incentive programs to support community members and game creators, and will oversee updates to node rewards and ecosystem tools. 

Hytopia Introduces $HYBUX as New Main Token

With that, the HY Foundation will oversee the new $HYBUX token, which will fully replace the $TOPIA token used across Hytopia's marketplace, staking, and gameplay. To make this change fair to existing users, the team has announced a 1:2 airdrop for all $TOPIA holders. That means every 1 $TOPIA will be exchanged for 2 $HYBUX.

To take part in the airdrop, users must first remove their liquidity from the LP staking pool and store it in a personal wallet. The team has made it clear that rewards will only be distributed to wallets, not staking pools. The LP pool itself will move to Base as part of this transition.

The HY Foundation stated that this move is designed to avoid any loss in value. Token holders will keep the same share of the total supply, just in the form of $HYBUX on a new chain.

Why Base Was Chosen for the Migration

According to the team, Hytopia is moving to Base because it offers better infrastructure and faster tools. Base is a Layer-2 chain built on Ethereum by Coinbase. It provides easy access, cheaper gas fees, and more dev support. One big reason behind the move is Base's large amount of locked assets, with over $4 billion at the time of announcement.

By switching to Base, Hytopia also aims to reach more users and simplify the listing of $HYBUX on exchanges. The change is expected to speed up growth in the game's economy. This includes everything from player-to-player trading to staking rewards.

The team believes this move will also make it easier to run the game's marketplace, reward game creators, and offer a smoother system for newcomers.

Details of the $HYBUX Token Launch

The full launch of $HYBUX will take place on the Base mainnet. The starting supply is set at 10 billion tokens. The HY Foundation will control this supply and oversee its use across the platform.

A few key features of $HYBUX have already been confirmed. Staking rewards will no longer expire. NFTs will get added use across the ecosystem. Marketplace fees will help fund staking, which is designed to keep the system running in the long term.

The update will also include a revised structure for Guardian Nodes. These nodes will get more token rewards, and the system behind them is being reworked to support the new economy.

Upcoming Features for Creators and Community

The HY Foundation also plans to roll out new support systems for both creators and players. A growth fund will reward those who bring new users to Hytopia. In June, the platform introduced an upgraded SDK along with new tools for those creating games and content on Hytopia.

These changes are being introduced to strengthen the link between players, creators, and the economy. More info on these updates will be shared in later posts, including final details on the token snapshot, airdrop timelines, and migration guides.

Overview of Hytopia's Game and Tools

Hytopia is a web3 gaming platform that was built after Minecraft banned NFT support in 2022. The original team behind NFT Worlds started fresh, designing a full-stack platform for user-made content, multiplayer games, and blockchain features.

Players can access Hytopia on web, desktop, and mobile. The Alpha version includes short games such as fishing simulators, battle arenas, and simple RPG quests. Users can play these games or create their own with the help of a no-code editor or a software developer kit (SDK).

Hytopia's SDK includes tools for AI-powered content, camera effects, quests, world-building, and monetization. Games go live instantly and can be shared via a custom URL. The platform's creator tools are open to both beginners and advanced users.

Token Use and Blockchain History

Before the launch of $HYBUX, Hytopia used a token called $TOPIA on its own Layer-2 blockchain known as Hychain. This token powered onchain trades, staking, and cosmetic sales. Users could also buy NFT-based Node keys to help support the network and earn token rewards.

Hytopia has a history of moving between blockchains. The project started on Polygon, later switched to Arbitrum, and then built Hychain. Each move aimed to improve speed, costs, and creator support. The upcoming shift to Base is the latest in this pattern.

Clear Updates and User Support

The HY Foundation has said that transparency is a top goal during this process. Airdrop mechanics will be shared in detail before the change. Users can expect regular updates, a clear guide for the token swap, and exact dates for all steps in the migration.

To keep things fair, the Foundation confirmed that there will be no dilution of holdings. Token values will stay in balance thanks to the 1:2 airdrop.

What's Next for Players and Holders

Players holding $TOPIA should remove funds from the staking pool as soon as possible. The current staking contracts are now under review to allow for a smooth withdrawal process.

The team will soon share more on when to expect the token snapshot, how to claim $HYBUX, and how the Base system will work. New features such as NFT uses, creator support, and node rewards will also roll out with this update.

For now, users can track changes through the official Hytopia channels.

The HY Foundation is now fully in charge of all economic planning, token rules, and ecosystem growth. With $HYBUX on Base, Hytopia enters its next stage as a blockchain-powered, user-made game world.