HYPE Token Enhances Hyperliquid Ecosystem
Hyperliquid, a decentralized trading platform and Layer 1 blockchain, is launching its HYPE token during a genesis event on November 29. HYPE will power the platform’s HyperBFT consensus and serve as the gas token for the HyperEVM network, strengthening its ecosystem.Community-First Distribution
The genesis event will airdrop 310 million tokens to eligible users, with no allocations for private investors or centralized entities. The token distribution highlights Hyperliquid's goal of creating a fully decentralized and community-owned network.A Key Milestone for Hyperliquid
The HYPE token also facilitates staking, native trading, and rewards. This marks an important step in Hyperliquid’s growth as one of the largest decentralized trading platforms by volume, setting the stage for broader adoption.
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