PANews reported on November 28 that the Hyper Foundation announced that the genesis event of the native token HYPE for the decentralized derivatives trading platform Hyperliquid will occur on November 29 at 15:30 Beijing time. The maximum supply of HYPE is 1 billion tokens, allocated as follows: 38.888% for future emissions and community rewards; 31.0% for the genesis distribution; 23.8% for current and future core contributors; 6.0% for the Hyper Foundation budget; 0.3% for community grants; and 0.012% allocated 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. Unallocated tokens will be transferred to future issuance and community rewards. 60 million HYPE are allocated to the Hyper Foundation budget, 300 HYPE are allocated to grants, and 120,000 HYPE are allocated to Hyperliquidity (HIP-2). 388,880,000 unmined HYPE are reserved for future issuance and community rewards. Core contributor tokens will be locked for 1 year after the genesis event. Most vesting schedules will be completed between 2027 and 2028; some will continue after 2028. The genesis distribution strictly excludes core contributors. No allocation is provided for private investors, centralized exchanges, or market makers.