Hyperliquid’s HYPE Token Launch: A Milestone for Decentralized Trading

HYPE Token Launch: Hyperliquid’s HYPE Token and the HyperBFT Consensus

Hyperliquid, a Layer 1 chain, and decentralized perpetual trading platform, intends to launch its native token, HYPE, at a Genesis event on November 29 at 07:30 UTC. HYPE will be the main asset for staking and protecting the HyperBFT consensus mechanism following the launch. This will enable the project to become decentralized. As a result, the token will be essential to the native spot and permanent decentralized exchange of the platform, where it will be traded on the native spot order book against USDC. Additionally, it will function as the HyperEVM, the network’s execution environment’s native gas token.

The HYPE genesis event marks a key milestone in the journey, unlocking core functionality at every level of the stack,

Hyper Foundation

A community airdrop for platform reward point users will coincide with the Genesis event. This is a significant turning point for the project, which has operated without a native token up until now despite being one of the biggest decentralized trading platforms by volume in the last 12 months.

Everything About Hyperliquid’s Tokenomics: HYPE Token Allocation and Emission Schedule

One billion tokens will be the maximum amount of its native token, HYPE, in circulation. As part of the airdrop for the Genesis event, qualified users will receive 31.0% (310 million) of the tokens, all of which will be fully unlocked at the event. 388 million tokens, or 38.8% of the total, are set aside for community prizes and future emissions. Furthermore, 238 million tokens, or 23.8% of the total, are reserved for present and future core contributors. A one-year lock-up term will apply to these tokens after the Genesis event. To support its operating budget, the Hyper Foundation will get 60 million tokens, or 6.0%.

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