> For the complete documentation index, see [llms.txt](https://docs.hyperionx.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hyperionx.xyz/community/usdhpx-fair-launch.md). # $HPX Fair Launch **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% Vertex & GMX User Airdrop** * Fetch Vertex holders & GMX traders at a specific time from Dune. These users, when they trade on HyperionX and complete certain trading tasks, can receive a certain amount of airdropped tokens $HPX. * White list address snapshot time: January 19, 2024. * Claim rules: 1. White list address; 2. User's cumulative trading volume on HyperionX reaches 1,000 U. * Airdrop quantity rules: Comprehensive consideration of Vertex token holders' and GMX traders' circumstances, airdrop different amounts of $HPX. * **10% ZKFair Community** * 7% $ZKF stakers * 1% $ZKF holders * 1% $DID holders * 1% $ZKFair Pass holders\ **Release Rules:** 10% of the total ZKFair community airdrop will be released immediately after the $HPX trading event concludes. The remaining 90% will be linearly released over the subsequent 60 days. For further details, please visit . * **12% HyperionX protocol contributors** #### Staking 30% **Start Time:** 2024-02-02 00:00:00 UTC **End Time:** 2024-08-01 00:00:00 UTC **Allocation Quantity:** 300,000,000 **$HPX Valuation:** $300,000 **Allocation Method:** The first day of the event is designated for free staking, allowing users ample time to complete their staking. 300,000,000 $xHPX tokens will be injected into the staking reward pool on the second day of the event (February 3, 2024, at 00:00 UTC). The distribution will occur every second, based on the real-time staking reward coefficient ratio of each user. A total of 1,666,666.666666 $xHPX tokens will be 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. | Staking Duration | 10 Days | 60 Days | 120 Days | 180 Days | | ---------------- | ------- | ------- | -------- | -------- | | Multiplier | 1.00 | 6.00 | 12.00 | 18.00 | * 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: |


| Staking Amount | Staking Duration | Reward Points | | ----------- | -------------- | ---------------- | ------------- | | A | 10 | 10 | 10=10\*1.00 | | B | 20 | 60 | 120=20\*6.00 | | C | 30 | 180 | 540=30\*18.00 | \ From February 3rd to February 12th, the daily distribution of tokens will be as follows:
| Date | A | B | C | | ------------------- | ----------------------------------------------- | ------------------------------------------------- | --------------------------------------------------- | |

2.3～2.12

| 24,875.621890 1,666,666.666666\*10/(10+120+540) | 298,507.462686 1,666,666.666666\*120/(10+120+540) | 1,343,283.582089 1,666,666.666666\*540/(10+120+540) | \ 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.
|


| Date | A | B | C | | ------------------------ | -------------------- | ----------------------------------------------- | -------------------------------------------------- | ---------------------------------------------------- | | User A keeps staking |

2.13\~4.2

| 24,875.621890 1,666,666.666666\*10/(10+120+540) | 298,507.462686 1,666,666.666666\*120/(10+120+540) | 1,343,283.582089 1,666,666.666666\*540/(10+120+540) | |

User A unlock

| 2.13\~4.2 | - | 303,030.3030301818 1,666,666.666666\*120/(120+540) | 1,363,636.3636358182 1,666,666.666666\*540/(120+540) | #### 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.\ Refunded fees to users = (DEX's actual daily fees collected - $16,000) / DEX's actual daily fees collected \* User's actual fees incurred. * Example: | Time | The actual fees collected by the DEX last day | The actual fees contributed by TOM last day | The fees refunded to TOM | Estimated $xHPX | | --------- | --------------------------------------------- | ------------------------------------------- | -------------------------------- | -------------------------------- | | 2.3 00:00 |

$16,000

| $1000 | 0 | 1,000,000 （16000000\*1000/16000） | | 2.4 00:00 | $20,000 | $1000 | $200 (1000\*(20000-16000)/20000) | 800,000 （16000000\*1000/20000） | | 2.5 00:00 |

$20,000

| $2000 | $400 (2000\*(20000-16000)/20000) | 1,600,000 （16000000\*2000/20000） |
#### Liquidity for HPX/USDC 5% * The Liquidty for HPX/USDC will be added to: [https://sideswap.finance/#/pool](https://sideswap.finance/#/pool。) --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.hyperionx.xyz/community/usdhpx-fair-launch.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.