HyperSwap announces SWAP tokenomics: 25% will be allocated to community genesis distribution

Jinse Finance reported that HyperSwap, a DEX protocol based on the Hyperliquid network, has released the tokenomics for its SWAP token. The total supply of SWAP tokens is capped at 100 million, with the TGE set to launch on October 20. Of the total supply, 25% will be allocated to the community genesis distribution (fully unlocked), 25% to investor genesis distribution (fully unlocked), 25% to future liquidity mining issuance (of which 15 million tokens will be linearly unlocked over 36 months, and the remaining 10 million tokens will be linearly unlocked over 12 months), 8% will be allocated to current and future core contributors (12-month cliff, then linearly unlocked over the following year), 10% will be used for future trading activity airdrops (unlocked after 6 months), 3% will be allocated to the advisory team (linearly unlocked one year after genesis), 2.5% will be used for the HyperSwap liquidity pool, and 1.5% will be allocated to HIP-2. In the future, 25% of the token issuance will be distributed in the form of xSWAP, which is a locked version of the SWAP token. xSWAP can be exchanged for SWAP at a 1:1 ratio after a maximum lock-up period of 6 months.