Hyperliquid Prepares to Launch Its Native Token, HYPE, to Fully Decentralize the Platform

Hyperliquid, a Layer 1 blockchain, is preparing to launch its native token, HYPE. The event, scheduled for 07:30 UTC November 29th

Hyperliquid, a Layer 1 blockchain, is preparing to launch its native token, HYPE. The event, scheduled for 07:30 UTC November 29th, aims to fully decentralize the platform and introduce new features to its trading and blockchain network.

The HYPE token will become the foundation for operational and trading activities. It will secure the HyperBFT consensus mechanism, an optimized proof-of-stake system that ensures high transaction throughput and near-instant finality, with an average completion time of 0.2 seconds.

In addition, HYPE will act as the native gas token within HyperEVM, the platform’s execution layer. The token will also play a key role in Hyperliquid’s decentralized exchange, enabling trading against USDC.

Community Airdrop and Token Distribution

At the genesis event, Hyperliquid will reward eligible users who earned platform reward points with a community airdrop.

HYPE will have a maximum supply of 1 billion tokens, allocated across various ecosystem components. 38.888% is reserved for future emissions and community rewards, ensuring long-term engagement and sustainability.

Of that, 310 million tokens (31.0% of the supply) will go to approved participants during the genesis event. These tokens will be fully unlocked at launch, with any undistributed tokens redirected to community rewards.

Other allocations include:

Hyperliquid’s Commitment to an Open Network

Hyperliquid plans to dedicate 388,880,000 unused tokens for community rewards and emissions, demonstrating its commitment to an open network. The Hyper Foundation holds 60 million tokens for ecosystem development and 3 million tokens to support community grants.

With the genesis event and the introduction of HYPE, Hyperliquid is positioned to increase its platform’s decentralization, reward user participation, and secure its blockchain infrastructure. This creates a solid and open ecosystem for the long term.

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