{"id":139695,"date":"2024-10-15T11:30:41","date_gmt":"2024-10-15T08:30:41","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139695"},"modified":"2024-10-15T09:34:38","modified_gmt":"2024-10-15T06:34:38","slug":"hyper-foundation-unveils-hype-token-ahead-of-main-net-launch","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/hyper-foundation-unveils-hype-token-ahead-of-main-net-launch\/","title":{"rendered":"Hyper Foundation Unveils HYPE Token Ahead of Main Net Launch"},"content":{"rendered":"<p><strong><a href=\"https:\/\/x.com\/HyperFND\/status\/1845851735363027270?ref_src=twsrc%5Etfw\" rel=\"nofollow\">This token<\/a> <\/strong>will play a crucial role in the platform, acting as a utility within its proof-of-stake system, HyperBFT, while also supporting the upcoming HyperEVM network and future upgrades.<\/p>\n<p>The HYPE token distribution will be available through two main avenues: users can either participate in the initial token allocation if eligible or obtain a Hypurr NFT, which has been launched to mark the occasion. Further details about the token\u2019s rollout, dubbed the \u201cGenesis Event,\u201d are expected soon.<\/p>\n<p>Recently, the platform has recorded daily trading volumes exceeding $1 billion, signaling strong interest in its features. Hyperliquid allows for decentralized trading of perpetual derivatives and cryptocurrencies with leverage, facilitated by a proprietary trading engine that ensures quick order processing\u2014ideal for active traders. Unlike traditional exchanges, users maintain control over their assets via self-custody.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-139675\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Perpetual swaps, a type of derivative contract that doesn\u2019t expire, are central to Hyperliquid\u2019s trading offerings, reflecting a broader shift toward decentralized finance. Although trading volume is high, profits are not directed to the team; instead, fees benefit the community, going to a liquidity pool and insurance fund.<\/p>\n<p>Operating as a Layer 1 blockchain, Hyperliquid draws liquidity from multiple sources to offer competitive trading conditions. The platform\u2019s ecosystem also includes tokens like Purr and Points, which serve various roles in rewarding users and powering its financial system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hyper Foundation is gearing up for a major development, announcing that Hyperliquid users will soon receive a native token, HYPE, in anticipation of the HyperEVM main net launch.<\/p>\n","protected":false},"author":7,"featured_media":20712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[272],"coin_category":[],"class_list":["post-139695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-hyperliquid"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hyper Foundation 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