PANews reported on November 28 that according to the official blog, the Hyper Foundation announced that the genesis event of the decentralized derivatives trading platform Hyperliquid's native token HYPE will take place at 15:30 Beijing time on November 29. The maximum supply of HYPE is 1 billion, which is allocated as follows: 38.888% for future emissions and community rewards; 31.0% for genesis allocation; 23.8% for current and future core contributors; 6.0% for the Super Foundation budget; 0.3% for community grants; and 0.012% for 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 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 issuance and community rewards. Core Contributor tokens will be locked up for 1 year after genesis. Most vesting plans will be completed between 2027-2028; some will continue after 2028. The genesis allocation strictly excludes core contributors. No allocations are provided for private investors, centralized exchanges, or market makers.
