> 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。)