Hyperliquid launches HYPE token, airdropping 31% of supply to users

Hyperliquid/HyperCore exchange

Hyperliquid set its HYPE genesis event for November 29, 2024, distributing 31% of the 1 billion supply (310M tokens), fully unlocked, to users. 38.8% reserved for future emissions, 23.8% for core contributors on one-year lock, and 6% to Hyper Foundation; no private investor allocations.

• 310M tokens (31% of supply) airdropped to users, fully unlocked at genesis.
• 388M tokens (38.8%) reserved for community incentives and future emissions.
• 238M tokens (23.8%) to core contributors with one-year lock; no private investors or CEX allocations.
• HYPE is the staking token for HyperBFT consensus; enables network decentralization and serves as gas token for HyperEVM.