Hyper Foundation, the entity behind decentralized exchange and blockchain platform Hyperliquid, has announced the genesis event of its native token HYPE, scheduled for November 29 at 07:30 UTC. This milestone marks a critical step in Hyperliquide’s evolution into a complete financial ecosystem.
Built on the high-performance HyperBFT consensus mechanism, Hyperliquid achieves unprecedented scalability, processing up to 200,000 transactions per second with a fast finality of 0.2 seconds.
According to the official blog, the total supply of HYPE tokens is capped at 1 billion, with the distribution distributed as follows: 38.888% will be reserved for future issuance and community rewards, 31% is allocated for genesis distribution, 23.8 % are designated. for current and future major contributors, 6% is reserved for the Hyper Foundation budget, 0.3% is allocated to community grants, and 0.012% is dedicated to HIP-2.
The token distribution highlights Hyperliquid’s commitment to community-driven growth. The majority of tokens (76.2%) are reserved for the community, ensuring broad participation in the network’s success. Hyperliquide notably excluded private investors, centralized exchanges and market makers from its tokenomics, thus reinforcing its decentralized philosophy.
As the backbone of this ecosystem, HYPE will serve as the staked asset securing HyperBFT, thereby strengthening the decentralized and trustless infrastructure of the blockchain.
Hyperliquid’s ecosystem includes a native decentralized exchange (DEX), seamlessly blending the user-friendly experience of centralized exchanges with the self-custodial philosophy of DeFi.
The HYPE/USDC pair will debut on the platform’s spot order book, showcasing its advanced financial primitives. The HyperEVM, a programmable layer, will use HYPE as a gas token, allowing developers to create innovative onchain applications.
The HYPE token genesis event unlocks critical functionality across the entire Hyperliquid stack, positioning blockchain as a leader in scalable, trustless finance.
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