CoinVoice has recently learned that the genesis event for Hyperliquid's native token HYPE on the decentralized derivatives trading platform will launch at 15:30 Beijing time on November 29.
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 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 unminted HYPE are reserved for future emissions and community rewards. [Original link]
