Hyperliquid, a decentralized perpetual exchange, has announced the launch of HYPE token and its airdrop to early adopters on November 29. A total of one billion tokens will be issued.
Introduction to HYPE by Hyperliquid
The HYPE token will be airdropped to users who participated in the point earning campaign that ended in May. 31% of the tokens will be delivered to users, while 23.8% will be allocated to core contributors with a one-year lock-up period.
Role of HYPE in Hyperliquid's Ecosystem
HYPE will serve multiple functions, including staking capabilities and as a method of paying for gas fees. Staking will allow participation in securing HyperBFT, the consensus mechanism backing the platform, enabling 200,000 transactions per second with 0.2-second finality.
Tokenomics and Future Prospects of Hyperliquid
Hyperliquid has achieved records in open interest and daily trading volume. Unlike other projects, Hyperliquid's tokenomics do not include private investors or centralized exchanges, emphasizing its decentralized nature. 6% of tokens will be allocated to the Hyper Foundation, with 0.3% and 0.012% backing community grants and Hyperliquidity respectively.
The HYPE token will introduce new functionalities within Hyperliquid’s ecosystem, strengthening its position in scalable, trustless finance solutions.
