HYPE Launch: A Token for HyperLiquid Ecosystem and Its Role

user avatar

by Giorgi Kostiuk

2 years ago

HyperLiquid, a decentralized exchange, announced the launch of their new token HYPE as part of their ecosystem. The launch is set for November 29, 2024.

HYPE Token Launch

HYPE will serve as the gas token for HyperEVM and facilitate trading on HyperLiquid's decentralized exchange. The Genesis event will also feature an airdrop for early campaign participants of HyperLiquid.

HYPE Token Distribution

The total supply of HYPE will be capped at 1 billion tokens, distributed as follows:

* 31% for Genesis Distribution (310 million tokens): to be airdropped to users who participated in HyperLiquid's campaign; * 38.88% for Future Emissions & Community Rewards (388.88 million tokens); * 23.8% for Core Contributors (238 million tokens); * 6% for the Hyper Foundation Budget (60 million tokens); * 0.3% for Community Grants (3 million tokens); * 0.012% for HIP-2 (120,000 tokens).

No tokens will be allocated to private investors, centralized exchanges, or market makers.

HyperLiquid's Roadmap

The HYPE token plays a central role in the HyperLiquid decentralized exchange ecosystem. It will be used for staking and securing the HyperBFT consensus mechanism, allowing for high throughput and swift transactions in decentralized finance (DeFi).

Additionally, it serves as the native fuel for HyperEVM, the platform’s execution environment, enabling developers to build decentralized applications (dApps) on the HyperLiquid network.

The launch of HyperLiquid's HYPE token marks a significant step in the evolution of their ecosystem. With thoughtfully planned token distribution and future functionalities, HyperLiquid is positioned to strengthen its presence in the decentralized finance space.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MEXC and Hacken Launch AI Trading Safety Handbook

MEXC and Hacken launched the AI Trading Safety Handbook to provide guidance on safe AI trading practices.

user avatarKenji Takahashi

Arc Blockchain Surpasses 1 Billion USDC Holdings

Circle's Arc blockchain has achieved over 1 billion USDC in holdings just six weeks post-launch, highlighting its focus on stablecoin payments.

user avatarRajesh Kumar

SUNio Introduces Public Dashboard for Transparency

SUNio has launched a public dashboard for its SUN token buyback and burn program to enhance transparency and allow community members to verify data.

user avatarArif Mukhtar

SUNio Expands Ecosystem with New Partnerships

SUNio has expanded its ecosystem through strategic partnerships with Aveai, TokenPocket, and Symbiosis to enhance liquidity access and facilitate seamless token swaps.

user avatarMiguel Rodriguez

SUNio Completes 52nd Token Buyback and Burn

SUNio has successfully executed its 52nd buyback and burn of SUN tokens on October 27, 2023, removing over 723 million SUN from circulation.

user avatarLuis Flores

SEC Issues Conditional Exemption for Tokenised Securities

On October 23, 2023, the SEC issued a conditional exemption for tokenised securities, outlining specific conditions for platforms to be approved for tokenised trading, ensuring regulatory safeguards while fostering innovation.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.