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Hyperliquid, a decentralized exchange, is set to launch its native token, HYPE, during a 'Genesis Event' on November 29 at 07:30 UTC. The token will have a total supply of 1 billion, with 31% (310 million tokens) allocated via an airdrop to early adopters. In total, 76% of the supply is designated for the community. The remaining supply will be distributed among future emissions, community rewards, and contributors. HYPE will serve as the gas token for Hyperliquid's HyperEVM, support staking, and secure the HyperBFT network. Notably, the launch excludes centralized exchanges, private investors, and market makers, with no venture capital claims, emphasizing a community-focused distribution. Over $1 billion worth of tokens will be distributed. Hyperliquid has become the largest decentralized exchange by volume, open interest, and active users, rivaling top centralized exchanges in liquidity.