{"id":42347,"date":"2024-11-29T11:31:20","date_gmt":"2024-11-29T11:31:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hyperliquid-launches-native-token-hype\/"},"modified":"2024-11-29T11:31:20","modified_gmt":"2024-11-29T11:31:20","slug":"hyperliquid-launches-native-token-hype","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hyperliquid-launches-native-token-hype\/","title":{"rendered":"Hyperliquid launches native token HYPE"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679420069024-a209cd1e-2f44-4c0e-8b88-dce3b7348fc7-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679420069024-a209cd1e-2f44-4c0e-8b88-dce3b7348fc7-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679420069024-a209cd1e-2f44-4c0e-8b88-dce3b7348fc7-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679420069024-a209cd1e-2f44-4c0e-8b88-dce3b7348fc7-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Hyperliquid has launched its native token HYPE and revealed a token distribution <\/span><\/li>\n<li><span style=\"font-weight: 400\">HYPE has a maximum supply of 1 billion tokens.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Decentralized perpetuals exchange Hyperliquid has officially unveiled its native token HYPE.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Hyper Foundation announced via a post on X that the token generation event for the HYPE token went live at 7:30 UTC on Friday, November 29, 2024.\u00a0\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cThe HYPE genesis event marks a key milestone in the journey, unlocking core functionality at every level of the stack,\u201d the Hyper Foundation said in a <a href=\"https:\/\/hyperfnd.medium.com\/hype-genesis-1830a4dc2e3f\" target=\"_blank\" rel=\"noopener\">blog post<\/a>.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">HYPE, which Hyper Foundation <a href=\"https:\/\/coinjournal.net\/news\/hyperliquid-announces-upcoming-hype-token-airdrop\/\">introduced in Oct<\/a>.,\u00a0 also includes a community airdrop. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Approximately 31% of the maximum supply of 1 billion tokens is set for genesis distribution and 38.89% for future emissions and community rewards. The project has allocated 23.8% to core contributors, 6.0% to the Hyper Foundation\u2019s budget and 0.3% to community grants.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cTokens will be emitted over time, with 76.2% going to the community. 310,000,000 tokens are allocated for eligible participants in the genesis event. These tokens will be fully unlocked,\u201d the foundation<\/span> <span style=\"font-weight: 400\">wrote<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24HYPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$HYPE<\/a>, the native token of the Hyperliquid L1, is live. <a href=\"https:\/\/t.co\/1UUU37WXUq\">https:\/\/t.co\/1UUU37WXUq<\/a> <a href=\"https:\/\/t.co\/IYsWcAr53K\">pic.twitter.com\/IYsWcAr53K<\/a><\/p>\n<p>\u2014 Hyperliquid (@HyperliquidX) <a href=\"https:\/\/twitter.com\/HyperliquidX\/status\/1862402701705060486?ref_src=twsrc%5Etfw\">November 29, 2024<\/a><\/p>\n<\/blockquote>\n<h2\/>\n<h2>HYPE token distribution<\/h2>\n<p><span style=\"font-weight: 400\">Of the total supply, 388,880,000 will be unminted and go to Hyperliquid\u2019s future emissions and rewards program. Meanwhile, HYPE reserved for core contributors will remain locked for a year after the genesis event. According to Hyper Foundation, there are no HYPE token allocations for private investors, centralised exchanges and market makers.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The launch of the native token comes as Hyperliquid looks to continue its growth trajectory, with eyes on rivals Jupiter and SynFutures. As the protocol\u2019s native asset, HYPE will be key to Hyperliquid\u2019s traction in decentralised finance applications.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/hyperliquid-launches-native-token-hype\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Hyperliquid has launched its native token HYPE and revealed a token distribution HYPE has a maximum supply of 1 billion tokens. Decentralized perpetuals exchange Hyperliquid has officially unveiled its native token HYPE. Hyper Foundation announced via a post on X that [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":42348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42347"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=42347"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/42348"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=42347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=42347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=42347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}