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Hyperliquid Announces Meme Coin PURR Will Open for Spot Trading Today

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2024-04-16 02:19:57
On April 16, Hyperliquid announced that spot trading of its first HIP-1 native token, PURR, on its L1 mainnet will open from 12:00-14:00 Beijing time today.
It is reported that the total number of PURRs 1 billion, of which 50% will be airdropped to Points holders on a pro rata basis, and the other 50% will be permanently locked in the liquidity pool of the PURR/USDC trading pair through the Hyperliquidity mechanism.
The issuance of PURR is based on two permissionless native token standards developed by Hyperliquid: HIP-1, which allows the deployment of native tokens and the creation of on-chain spot order books; HIP-2, Hyperliquidity is an innovative mechanism that permanently locks liquidity in the spot order book of HIP-1 tokens, creating a synergy effect with the user's order liquidity. Similar to perpetual contracts, PURR's spot order book will also run entirely on-chain.
Hyperliquid says HIP-1 and HIP-2 are important steps towards a high-performance general-purpose infrastructure.
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