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HyperLiquid Announces HYPE Token with Airdrop for Early Adopters
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THE HyperLiquida cryptocurrency decentralized exchange (DEX), announced the launch of your native tokenthe HYPE. Furthermore, the broker informed that it will distribute the token via airdrop to the first users this Friday, November 29th.
In total, the HyperLiquid will issue 1 billion HYPE tokens. Of the total, 31% of the supply will go to users who accumulated points in a campaign that ended in May this year.
Furthermore, 23.8% of tokens will be reserved for current and future key contributors to the project. However, allocations to new taxpayers will be blocked for one year.
HyperLiquid, which already has more than 220 thousand users and a trading volume of US$2.4 billion in the last 24 hoursaccording to CoinGecko, highlighted that the HYPE token will have several functionalities.
According to the exchange, the token will go beyond standard governance digital assets. Among the planned applications are possibility of staking and payment of transaction fees (gas fees).
HYPE staking will serve to guarantee the functioning of the HyperBFTthe proof-of-stake-based consensus algorithm that supports the HyperLiquid platform.
Points campaigns, like the one promoted by HyperLiquid, have become popular in the decentralized finance sector (DeFi) this year. After all, these actions encourage the use of platforms in exchange for future token distributions through airdrops.
This model has attracted both regular users and so-called “airdrop farmers”. These are investors who move liquidity between projects to qualify for different airdrops.
THE HYPE token generation event is scheduled to take place at 07:30 am (UTC) on November 29th, as reported by Hyper Foundation. That is, 4:30 am Brasília time. On the same day, the exchange will create a HYPE/USDC market in the HyperLiquid spot trading book. In practice, this will allow immediate trading of the asset.
This week, as reported by Todaysgist, the WalletConnecta protocol that connects crypto wallets to decentralized applications (dApps), also announced the launch of the eligibility verification system for the first season of the airdrop of your token, the WCT.
HyperLiquid Announces HYPE Token with Airdrop for Early Adopters
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HyperLiquid Announces HYPE Token with Airdrop for Early Adopters
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HyperLiquid Announces HYPE Token with Airdrop for Early Adopters
