Hipo Governance Token (HPO): Uses, Supply and Risks

Hipo Governance Token (HPO) is the governance token associated with Hipo, a liquid-staking protocol on The Open Network (TON). The protocol is described as letting users stake a supported asset and receive a liquid token representing their stake. HPO is a separate token: it is not the liquid staking receipt token, and holding HPO should not be assumed to mean you have staked TON or receive staking rewards.

The project identifies HPO as its governance token, but public descriptions do not specify exactly what decisions HPO holders can vote on, how voting works, or whether holding HPO grants any other rights. Treat “governance” as the stated purpose, not as a guarantee of particular privileges. Public reporting for the ticker HPO also refer to unrelated projects, including a wallet token. Check the project identity and TON contract details carefully before you acquire or use any asset labelled HPO.

Hipo’s described product is liquid staking: users deposit a supported asset and receive a token that can remain usable in decentralized finance while the deposited asset is staked. The project description identifies TON and the receipt token hTON. However, the issuing project’s description on our site says users stake GRAM and receive hGRAM. These descriptions do not match, so verify which asset and receipt token Hipo currently supports through its official app and documentation before depositing anything. Do not assume TON and GRAM, or hTON and hGRAM, are interchangeable.

HPO itself is not described as the staking receipt. Public sources also do not establish that HPO is required to use the staking service, earns a share of protocol revenue, or provides a particular level of voting power. Those details can change or may not be publicly specified. Confirm the current HPO contract and the protocol’s terms before interacting with either the token or a staking contract.

HPO has a maximum supply of 1 billion tokens. The reported total supply is about 954.3 million, of which about 754.3 million is circulating, as of 2026-11-05. These figures describe token supply, not how much is available to trade or how voting power is distributed. The remaining supply and its release schedule are not detailed here, so check current project disclosures for allocations, vesting, and any planned changes.

On 2026-11-05, HPO’s reported price was about $0.00437, its market capitalization about $3.3 million, and its fully diluted valuation about $4.2 million. Reported 24-hour trading volume was about $133. These are time-sensitive estimates, not stable characteristics of the token. Low reported trading volume can make it harder to trade at a quoted price, and market figures alone do not show whether a token has active governance or useful protocol demand.

HPO is reported as issued on TON; it is not listed as the native token of a blockchain. This distinction matters: HPO operates as a token on TON, while TON is the network’s native asset. Before sending HPO, check the receiving wallet or exchange supports HPO on TON and confirm the token contract address from a trusted Hipo source. A token with the same ticker on a different chain or from another project may not be the same asset.

For self-custody, use a wallet that supports TON tokens and protect its recovery phrase offline. Never share the phrase or sign an unexpected transaction to “verify” a wallet or claim a token. If using an exchange, confirm its deposit network and withdrawal options first. Mistaking a network or contract can result in funds that are difficult or impossible to recover. Consider a small test transfer when appropriate, while accounting for network fees.

HPO carries token, protocol, and market risks. Its stated governance role does not guarantee that holders can influence decisions or receive economic benefits; the voting rules and scope of governance are not specified. The mismatch between descriptions of Hipo’s staking asset—TON with hTON in one account, GRAM with hGRAM in another—is also a reason to verify the current product details before depositing funds.

Liquid staking tokens can trade at a different value from the assets they represent, and staking contracts or connected DeFi services can have technical vulnerabilities. Smart-contract audits, even when reported, cannot remove all risk or guarantee future security. HPO’s market data showed very low reported daily volume on 2026-11-05, which can contribute to price slippage or difficulty exiting a position. Token prices and supplies can change, and project information may be incomplete. Research the current contract, governance terms, and protocol risks independently; do not treat past prices or market figures as a forecast.