This is a big step for the Hyperliquid blockchain, which aims to make trading easier and more efficient for its users.
The team behind Hyperliquid has created the Hyper Foundation to support the growth of their blockchain.
HYPE Token Launch and EVM Rollout on the Horizon
One of their main goals is to distribute the HYPE token, which is important for the network’s future. This new token will help with a process called proof-of-stake consensus, which is a way for users to earn rewards by holding onto their tokens.
Hyperliquid is known for its decentralized trading platform that specializes in perpetual futures. This platform is the biggest of its kind in the world, with over $1 billion in daily trading volume across 145 pairs. The platform has attracted more than 200,000 users, making it a popular choice for crypto traders.
Hyperliquid’s $HYPE token confirmed. TGE in November it seems.
What valuation will $HYPE launch at👀 https://t.co/LHSfmJRzgY
— Thor Hartvigsen (@ThorHartvigsen) October 14, 2024
Once the HyperEVM is launched, users will benefit from a deeper liquidity pool. This means there will be more options and better prices when trading. Their roadmap includes plans for spot trading and permissionless liquidity, among other developments. In September 2023, LayerZero’s ZRO became the first perpetual trade to launch on Hyperliquid, marking an important milestone.
Participants can sign up for the first distribution of HYPE tokens until November 11TH. The date for the airdrop, which is when free tokens will be given out, will be revealed on November 29TH.
Hyperliquid Genesis Distribution
Claim your $HYPE tokens and optional Hypurr NFT before thе deadlinе.
🔗 Ends Nov 11, 2024: https://t.co/OrCLMQ3Qko pic.twitter.com/RVCaAGYYLC— skribblz.eth (@skribblz_eth) October 15, 2024
Additionally, users have the option to receive a Hypurr non-fungible token (NFT), which will commemorate the launch of the HyperEVM on the mainnet. While this NFT doesn’t have commercial value, it’s a fun way to celebrate the new technology.
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