Hyper

Hyperliquid

<ul class="wp-block-list">
 <li>The token production event will be conducted on November 29 at 7:30 UTC.</li>
 <li>HyperLiquid contains a user base of about 220,000 users and has accumulated $2.4 billion in trading volume in the last 24 hours.&nbsp;</li>
 <li>HYPE is not similar to a standard governance token. It will come with a number of tasks such as staking abilities and a payment method for gas fees.&nbsp;</li>
</ul>
Hyperliquid, a decentralized perpetual exchange is going to introduce HYPE, a native token. The token will be airdropped to early adopters on November 29. A total of one billion tokens is said to be issued in 31% delivering to users who earned points in a campaign that ended in May.&nbsp;
Along with this 23.8% of the token will be set aside for the existing and upcoming core contributors, the final of which will be locked for a period of one year. In the current scenario, HyperLiquid contains a user base of about 220,000 users and has accumulated $2.4 billion in trading volume in the last 24 hours.&nbsp; What are airdrop farmers?&nbsp; 
The points campaigns in <a href="https://news.todayq.com/bitcoin-defi-to-surpass-ethereum-in-2-years-says-developer/" target="_blank" rel="noopener noreferrer nofollow">decentralized finance</a> (DeFi) have become trendy these days as they activate the use of the platform in return for ultimate token airdrops. They have even catalyzed the emergence of airdrop farmers.&nbsp;
Talking about airdrop farmers, are the investors who shift liquidity from one project to another and so on to make themselves eligible for different airdrops. HYPE is not similar to a standard governance token. It will come with a number of tasks such as staking abilities and a payment method for gas fees.&nbsp;
By staking HYPE, one will be eligible to safeguard HyperBFT, the proof-of-stake consensus mechanism that backs the HyperLiquid platform. Due to this consensus mechanism, Hyperliquid attains 200,000 transactions per second with a swift 0.2-second finality.&nbsp;
The token production event will be conducted on November 29 at 7:30 UTC. After this event, a HYPE/USDC market will be added to the spot trading book of HyperLiquid.&nbsp; Tokenomics of Hyperliquid&nbsp; 
On November 8,Hyperliquid took to social media X and posted that it had achieved a new all-time high in open interest and had crossed the $1.5 billion mark. And, on November 13, it informed through the same platform that it had created a new all-time high in 24 hours volume of more than 6 billion.&nbsp; 
It is noteworthy that Hyperliquid has not included private investors, centralized exchanges, and market makers in its tokenomics, strengthening its decentralized spirit. Adding more to this, 6% of tokens will be allocated to the Hyper Foundation, and at the same time 0.3% and 0.012% will back community grants and Hyperliquidity (HIP-2) respectively.&nbsp;
The HYPE token generation event will open the door to vital functionality over Hyperliquid’s stack, placing the blockchain at a leading position in scalable, trustless finance.&nbsp;

Hyperliquid announced the launch of a native token, HYPE

Todayq News

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