What is Hyperliquid Airdrop?

Bittime - What is Hyperliquid Airdrop? Hyperliquid Airdrop is a HYPE crypto token distribution program initiated by Hyper Foundation as part of the upcoming HyperEVM mainnet launch. 

Through this airdrop, eligible Hyperliquid loyal users can earn HYPE tokens to incentivize participation in the Hyperliquid ecosystem, a decentralized derivatives trading platform.

HYPE Token and Hyperliquid

The HYPE token will be the primary utility token on HyperBFT, a proof-of-stake consensus system that powers HyperEVM and the Hyperliquid ecosystem as a whole.

Also read Major Airdrops: Token Supply, Pre Market Data, and Price Predictions

Getting to Know Hyperliquid and Its Ecosystem

Hyperliquid is a decentralized derivatives trading platform (DEX) that allows users to trade perpetual derivatives and other crypto assets with leverage.

Layer 1 Hyperliquid Chain

The platform operates on Layer 1 Hyperliquid Chain with Tendermint technology to provide fast order execution and low latency below one second. In addition, users can utilize advanced trading features, such as take-profit/stop-loss (TP/SL) orders, as well as isolated margin or cross margin options.

The platform also has some special tokens, such as Purr and Points, which serve for incentives and rewards within the community.

Hyperliquid's own Points Program has allocated up to 1,000,000 weekly points as appreciation for early contributors, where these points could potentially be part of HYPE airdrops in the future.

Also read MemeFi Airdrop: Claim Schedule and Token Listing Date

HYPE Hyperliquid Token Airdrop Details

HYPE distribution will take place in two main mechanisms:

1. Genesis Event

Eligible users can claim HYPE tokens.

2. Hypurr NFTs

To mark this launch, users can get Hypurr NFT as a token of participation and support to the ecosystem.

More details regarding the date of the “Genesis Event” will be announced soon by the Hyper Foundation.

Also read Phantom Airdrop: How to Get Free PHNTM Tokens

Hyperliquid Transaction Volume Increase

In recent months, Hyperliquid has recorded an increase in daily transaction volume of up to $1 billion. One of the drivers is the reward points program, which also plays a role in determining the allocation of HYPE token distribution.

This increase places Hyperliquid as one of the leading decentralized derivatives DEX platforms in the market, attracting the attention of more crypto traders, especially high-frequency traders who require fast execution.

Also read Time Farm Airdrop: TGE Preparation and Staking Update

How to Get a Hyperliquid Airdrop

To obtain a HYPE airdrop, users can follow these guidelines:

1. Visit the Hyperliquid Web3 App and connect your crypto wallet.

2. Make a Deposit to trade gas-free futures on Arbitrum.

3. Share yourReferral Link to collect extra points from each point collected by the referral.

Hyperliquid offers a weekly amount of points until May 2024 which may provide an opportunity to receive future HYPE airdrops.

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