Hyperliquid Announces Meme Coin PURR Will Be Available for Spot Trading Today
On April 16th, Hyperliquid announced that the spot trading of its L1 mainnet's first HIP-1 native token, PURR, will be open from 12:00-14:00 Beijing time today.
It is reported that the total amount of PURR is 1 billion, of which 50% will be airdropped to Points holders in proportion, 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 independently developed by Hyperliquid: HIP-1, which allows the deployment of native tokens and the creation of on-chain spot order books; HIP-2, which is an innovative mechanism that can permanently lock liquidity in the on-chain spot order book of HIP-1 tokens and form a synergistic effect with users' order liquidity. Similar to perpetual contracts, the spot order book of PURR will also run entirely on the chain.
Hyperliquid stated that HIP-1 and HIP-2 are important steps towards high-performance general infrastructure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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