- Hyperliquid revealed the launch date for the HYPE token on October 14.
- A token generation event for the native token of the decentralized exchange will take place before the HyperEVM goes live.
Hyperliquid, a decentralized exchange that facilitates trading of perpetual derivatives by sourcing liquidity throughout the ecosystem, has announced the introduction of its native token, HYPE.
This platform, which enables users to engage in leveraged cryptocurrency trading, revealed the details of its upcoming airdrop on October 14, 2024.
What is the date for the Hyperliquid (HYPE) airdrop?
Following the establishment of the Hyperliquid Foundation, an organization dedicated to supporting the network’s development, the announcement came. In addition to its role as a DEX, the Hyperliquid Foundation will also encourage ecosystem growth.
The HYPE token will be rolled out prior to the launch of HyperEVM, as noted by the Hyperliquid Foundation in a post on X.
“Hyperliquid’s order books already offer the deepest and most reliable on-chain liquidity for a diverse range of assets. With the introduction of HyperEVM, any application developed on Hyperliquid will also be able to utilize this extensive liquidity and other native financial tools,” stated the Foundation.
The Hyper Foundation has been established to foster the development of the Hyperliquid blockchain and ecosystem. Today, the flagship product on Hyperliquid is the leading decentralized exchange, laying the groundwork for a new financial system. Hyperliquid’s order books already… pic.twitter.com/EF6AdfI1Qz
— Hyper Foundation (@HyperFND) October 14, 2024
In addition to the HyperEVM, HYPE will play a pivotal role in the project’s network structure through HyperBFT, a proof-of-stake (PoS) consensus mechanism.
Regarding the HYPE airdrop, the Hyperliquid Foundation mentioned:
“As part of the initial distribution, eligible participants can opt to receive HYPE along with an optional Hypurr NFT to celebrate the forthcoming launch of HyperEVM on the mainnet.”
The team intends to provide more information about the airdrop in the future.
