Odaily News According to the official blog, the Hyper Foundation announced that the genesis event of HYPE, the native token of the decentralized derivatives trading platform Hyperliquid, will be launched at 15:30 on November 29, Beijing time. The maximum supply of HYPE is 1 billion, which is allocated as follows: 38.888% for future emissions and community rewards; 31.0% for the genesis allocation; 23.8% for current and future core contributors; 6.0% for the Super Foundation budget; 0.3% for community grants; 0.012% for HIP-2. Tokens will be issued over time, of which 76.2% will be allocated to the community. Eligible participants in the genesis event will receive 310 million tokens, which will be fully unlocked. Unallocated tokens will be transferred to future issuance and community rewards. 60 million HYPE are allocated to the Hyper Foundation budget, 300 HYPE are allocated to grants, and 120,000 HYPE are allocated to Hyperliquidity (HIP-2). 388,880,000 unminted HYPE reserved for future issuance and community rewards. Core Contributor tokens will be locked for 1 year after genesis. Most vesting is scheduled to be completed between 2027-2028; some will continue after 2028. The genesis allocation strictly excludes core contributors. No allocations are provided for private investors, centralized exchanges, or market makers.