Core

Hyper

Hyperliquid

<p>HyperLiquid, a fast-growing decentralized perpetual exchange, has <a href="https://hyperfnd.medium.com/hype-genesis-1830a4dc2e3f" target="_blank" rel="noreferrer noopener">announced</a> the launch of its native token, HYPE. The token will be airdropped to early adopters starting on Friday, marking an exciting milestone for the platform.</p>   
<h2 class="wp-block-heading" id="h-token-allocation-and-distribution-breakdown"><strong>Token Allocation and Distribution Breakdown</strong></h2>   
<p>The total supply of HYPE tokens is capped at 1 billion, with the distribution as follows:</p>   
<ul class="wp-block-list">
  
 <li><strong>0.012%</strong> for HIP-2</li>   
 <li><strong>38.888%</strong> reserved for future emissions and community rewards</li>   
 <li><strong>31%</strong> allocated to the genesis distribution</li>   
 <li><strong>23.8%</strong> for current and future core contributors</li>   
 <li><strong>6%</strong> for the Hyper Foundation's budget</li>   
 <li><strong>0.3%</strong> for community grants</li> 
</ul>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/HyperFND/status/1862007773191708760 
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</figure>   
<p>HyperLiquid has quickly become the largest decentralized exchange by trading volume, open interest, and active users. Its liquidity is now comparable to top centralized exchanges, offering a smooth trading experience while maintaining the self-custodial ideals of a fully on-chain DEX. </p>   
<p>This balance represents the core values of decentralized finance, using advanced technology to bring all finance onto the blockchain without compromise.</p>   
<p>Unlike a traditional governance token, HYPE will serve multiple purposes. In addition to governance, it will offer staking options and can be used to pay gas fees. Staking HYPE will help secure HyperBFT, the proof-of-stake consensus mechanism that powers the HyperLiquid platform.</p>   
<h2 class="wp-block-heading" id="h-hype-and-hyperevm-integration"><strong>HYPE and HyperEVM Integration</strong></h2>   
<p>The new HyperEVM platform will introduce the HYPE/USDC pair on its spot order book. HyperEVM will bring full programmability to both native components and general-purpose on-chain state. HYPE will also serve as the gas token for the HyperEVM, increasing its value within the ecosystem.</p>   
<h2 class="wp-block-heading" id="h-token-emission-plan"><strong>Token Emission Plan</strong></h2>   
<p>The genesis event for HYPE is scheduled for 07:30 UTC on November 29. During this event, 310,000,000 tokens will be distributed to eligible participants, and these tokens will be fully unlocked. Over time, 76.2% of the total supply will be released to the community.</p>   
<p>Core contributor tokens will be locked for one year after the genesis event. Importantly, core contributors are excluded from the genesis distribution, and there are no token allocations for private investors, centralized exchanges, or market makers.</p>

HyperLiquid Announces Airdrop Of 310M HYPE Tokens

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