$HPX 100% Fair Launch: Unveiling the Token Distribution Strategy for $HPX

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7 Feb 2024

Event Information

Token Name: Hyperion Exchange Token

Symbol: $HPX

Total Supply: 1 Billion $HPX

Valuation: 1 Million USD

Event Start Time: 2024–02–02 00:00 UTC

Token Distribution

Community 25%

3% GMX & Vertex User Airdrop

10% ZKFair Community

7% $ZKF stakers

1% $ZKF holders

1% $DID holders

1% $ZKFair Pass holder

Release Rules: 10% of the total ZKFair community airdrop will be released immediately after the $HPX trading event concludes. The remaining 90% will be linearly released over the subsequent 60 days. For further details, please visit https://zkfair.io/fairlaunch.

12% HyperionX protocol contributors

Staking 30%

Start Time: 2024–02–02 00:00:00 UTC

End Time: 2024–08–01 00:00:00 UTC

Allocation Quantity: 300,000,000 $HPX

Valuation: $300,000

Allocation Method: The initial day of the event is designated as a free staking period,
ensuring that participants have enough time to complete their staking processes. On the second day of the event (February 3, 2024, at 00:00 UTC), 300,000,000 $xHPX tokens will be injected into the staking event reward pool and will be distributed every second according to the real-time staking reward points ratio of users. 1,666,666.666666 $xHPX tokens are distributed daily.

Estimated $xHPX = Your current staked token reward points / Total staked token reward points * $xHPX distribution amount.

Reward points = Staked amount * Staking duration Multiplier.

During the event, $xHPX will be distributed. After the conclusion of the first phase of the trading event, $xHPX to $HPX contract will be opened. Users will then be able to exchange their $xHPX for $HPX at a 1:1 ratio.

Example:

User A, B, and C participated in staking, starting from February 2nd. The details of their staking are as follows:

From February 3rd to February 12th, the daily distribution of tokens will be as follows:

On February 12th, User A’s staking period will expire, and they can unlock their stake at any time. The distribution of tokens will vary depending on whether User A chooses to unlock their stake.

Trading 40%

400,000,000 $xHPX will be distributed over multiple stages of the event.

The information for the first stage of the event is as follows:

Start Time: 2024–02–02 00:00 UTC

End Time: 2024–02–07 00:00 UTC

Allocation Quantity: 80,000,000 $HPX

Valuation: $80,000

Allocation Method: The event will be divided into five phases, with each phase lasting one day. During each phase, 16,000,000 $xHPX tokens will be distributed. The distribution of these $xHPX each day will be based on the proportion of fees contributed by users to the total fees received by the DEX on that day.

Estimated $xHPX = Fees actually contributed by the user on that day / Fees actually collected by the DEX on that day * $xHPX distribution amount (16,000,000).

During the event, $xHPX will be distributed. After the conclusion of the first phase of the event, the $xHPX to $HPX contract will be opened. Users will then be able to exchange their $xHPX for $HPX at a 1:1 ratio.

Trading fees include transaction fees and price impact fees.

The following fees are not included in the fees calculated for the event and will not be refunded: funding fee, gas fee, and execution fee.

Any fees generated during the event exceeding $80,000 will be fully refunded to users.

Fees exceeding $16,000 per day will be fully refunded to all users trading that day, with the refunded fee data updated everyday and distributed in a lump sum after the event.