Hyperliquid to Launch HYPE Token with 310M Airdrop, Total Supply 1 Billion, on November 29 at 07:30 UTC

Nov 28, 2024, 06:33 AM

Hyperliquid is set to launch its HYPE token during a genesis event scheduled for November 29 at 07:30 UTC. The event will see the distribution of 310 million HYPE tokens, with 31% of the total supply allocated for airdrops to users. The maximum supply of HYPE is capped at 1 billion tokens, with 38.888% reserved for future emissions and community rewards. HYPE will function as the gas token for Hyperliquid's HyperEVM, facilitating staking and trading with USDC. Hyperliquid has emerged as the largest decentralized exchange by volume and active users, rivaling top centralized exchanges in liquidity.