Wu said that the genesis event for the decentralized derivatives trading platform Hyperliquid's native token HYPE will go live on November 29 at 15:30 Beijing time. The maximum supply of HYPE is 1 billion tokens, distributed as follows: 38.888% for future emissions and community rewards; 31.0% allocated to the genesis distribution; 23.8% allocated to current and future core contributors; 6.0% for the super foundation budget; 0.3% for community grants; 0.012% allocated to HIP-2. Tokens will be issued over time, with 76.2% allocated to the community. Qualified participants in the genesis event will receive 310 million tokens, which will be fully unlocked. Unallocated tokens will be transferred to future emissions and community rewards. 60 million HYPE is allocated to the Hyper foundation budget, 300 HYPE is allocated to grants, and 120,000 HYPE is allocated to Hyperliquidity (HIP-2). 388,880,000 unmined HYPE is reserved for future emissions and community rewards.