Hyperliquid, a decentralized exchange facilitating perpetual derivatives trading through aggregated liquidity, has introduced its native token HYPE. The platform, enabling leveraged trading of cryptocurrencies, disclosed an imminent airdrop scheduled for October 14, 2024. This announcement coincided with the establishment of the Hyperliquid Foundation, aimed at network development and ecosystem expansion. Apart from supporting the DEX platform, the foundation will foster ecosystem growth. HYPE's launch precedes the HyperEVM mainnet rollout, ensuring applications on Hyperliquid access extensive liquidity and financial primitives. The Hyper Foundation, dedicated to advancing the Hyperliquid blockchain and ecosystem, emphasizes HYPE's significance in the network mechanism alongside HyperBFT, a PoS consensus mechanism. The distribution of HYPE during the genesis phase allows eligible users to opt for HYPE and a Hypurr NFT to commemorate the HyperEVM mainnet launch. Further details on the airdrop will be shared by the team in due course. Read more AI-generated news on: https://app.chaingpt.org/news