BlockBeats news, on November 28, the genesis event of 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 for the genesis distribution; 23.8% allocated to current and future core contributors; 6.0% for the Hyper 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 issuance and community rewards. 60 million HYPE is allocated to the Hyper Foundation budget, 300 HYPE is allocated for grants, and 120,000 HYPE is allocated to Hyperliquidity (HIP-2). 388,880,000 unminted HYPE is reserved for future issuance and community rewards.