TechFlow news, on November 28, the genesis event for HYPE, the native token of decentralized derivatives trading platform Hyperliquid, will go live at 15:30 Beijing time on November 29.
HYPE has a maximum supply of 1 billion tokens, allocated as follows: 38.888% for future emissions and community rewards; 31.0% for genesis distribution; 23.8% for current and future core contributors; 6.0% for the Super Foundation budget; 0.3% for community grants; and 0.012% to HIP-2. Tokens will be issued over time, with 76.2% allocated to the community.
Eligible participants in the genesis event will receive 310 million tokens, which will be fully unlocked.
Undistributed tokens will be transferred to future emissions and community rewards. 60 million HYPE are allocated to the Hyper Foundation budget, 300 HYPE to grants, and 120,000 HYPE to Hyperliquidity (HIP-2). 388,880,000 unissued HYPE are reserved for future emissions and community rewards.
