TechFlow reported, according to CoinDesk, that the full-chain ETH perpetual contract protocol Rage Trade announced plans to launch its new token RAGE on August 7 via a liquidity generation event and token sale on Fjord Foundry. The token will be built on Hyperliquid, a recently launched Layer1 blockchain. 20 million RAGE tokens will be sold on Fjord at a fixed price of $0.30 each, another 9 million will be allocated to provide liquidity for Hyperliquid during the token generation event, and an additional 6 million tokens are reserved for future market making and product incentives.
The total supply of RAGE is capped at 100 million tokens, with 20% allocated to the token sale and 30% deposited into the community treasury, subject to a 12-month lock-up period followed by a 24-month linear vesting schedule. Previous report, Rage Trade released its tokenomics, with 35% for the token sale, 30% for the community treasury, 15% for the team, 13.5% for private buyers, and 6.5% for airdrops.
