The Hyper Foundation has launched the HYPE token, which plays a crucial role in the Hyperliquid blockchain ecosystem. This token is integral to securing the network through HyperBFT's Proof of Stake (PoS) consensus mechanism.
The HYPE token is designed to facilitate financial operations on the forthcoming HyperEVM mainnet, which is a significant development for the ecosystem.
During the Genesis Event, eligible users will have the opportunity to claim HYPE tokens and furthermore, choose to receive a Hypurr NFT.
Source: www.thecoinrepublic.com ↗