HyperLiquid, a decentralized perpetual exchange, is launching its native token, HYPE, with an airdrop of 310 million tokens set for release to early adopters on Friday. This announcement marks a significant milestone for the platform in its bid to enhance engagement and expand its user base.
The total supply of HYPE tokens is capped at 1 billion, showcasing a limited and strategic distribution plan. Out of this total, 38.888% of the tokens will be reserved for various allocations, ensuring a managed and structured rollout of the cryptocurrency to the community.
The airdrop offers users an incentive to participate in the early stages of the token's release, rewarding loyalty and promoting broader adoption. HyperLiquid aims to leverage this initiative to strengthen its foothold in the decentralized finance market.
