Hyperliquid is an on-chain financial system that combines user-built applications with the high-performing native components of the Hyperliquid platform to enhance user experience and usability. The Hyperliquid airdrop is expected soon; the exact date of the airdrop will be announced only on November 29, 2024. Early investors can participate in the genesis distribution of the platform which is expected to happen before November 11.
More About The Hyperliquid Platform
Hyperliquid is a layer 1 platform built around a native derivatives exchange. It can handle a more realistic amount of real-world applications than any other L1 platform. Users can build their applications and safely deploy them on the Hyperliquid L1 platform. Users can also interact with the underlying L1 infrastructure in real-time. The ultimate aim of the Hyperliquid platform is to facilitate end-user experience without compromising on quality. Hyperliquid will also introduce other features such as spot trading capabilities, and permissionless liquidity pools in the future.
Hyperliquid Points Distribution Program
Before the upcoming airdrop of the Hyperliquid platform, it devised a points distribution program to incentivize early engagers on the platform. The first phase of the point distribution took place between May 29 to June 4, 2024.
A total of 700,000 points were distributed over the four months of the Hyperliquid points distribution program. Users can refer others and help in the expansion of the network using the 1:5 affiliate points match system in place. Moreover, a bonus multiple program was held from May 1 to May 28 to reward early engagers on the platform. A total of 2,000,000 points were distributed per week as bonus multipliers to early engagers on the Hyperliquid platform.
How To Participate In The Hyperliquid Airdrop?
Here are the steps to participate in the Hyperliquid airdrop.
- Connect a suitable cryptocurrency wallet and connect it to the Hyperliquid platform.
- Fund your wallet by depositing the required amount of base currency in it.
- You may now begin the spot trading of assets to start earning points. On the Hyperliquid platform, move to the “Trade” section. select “Instrument” and move on to the “Spot” section to begin spot trading.
- Increase your point earnings by increasing your trading volume.
- Expand your trading activities by accommodating perpetual contract trading to your portfolio. To access the trading of perpetual contracts, move to the “Trade” section. select “Instrument” and move on to the “All Coins” section.
- You can also boost your point earnings by supporting the Hyperliquidity Provider (HLP) with USDC deposits to power its liquidity provision activity. You can do this by moving on to the “Vaults” section and selecting “Hyperliquidity Provider”. Here you can deposit USDC coins.
- You can also refer your friends to the Hyperliquid platform through its referral program. A referral code can be created by going to the “Referrals” section and clicking on “Create code.” You may share this code with your friends to earn rewards when they join and participate in the Hyperliquid platform.
- Stay tuned to the “Point” section of the Hyperliquid platform to get the latest updates about your point earnings.
- Some rumors say that holding the PURR meme coin, which was launched on the Hyperliquid platform, will also help you increase your token earnings.
The Bottom Line: Is It Profitable To Invest In The Hyperliquid Platform?
Hyperliquid is an innovative platform where users can conduct spot trades and perpetual assets trades. The number of tokens allotted to you at the airdrop event depends on the points that you have earned through the various activities mentioned above.
Hpyerliquid is a decentralized L1 platform that provides a space for users to exhibit their applications and products to trade them at profitable rates. It is appreciable that you have found this platform to power all your spot and futures trading needs.
The Hyperliquid platform is the right space for you to earn points through your constant participation and earn the tokens airdropped to you. Start engaging with the platform, if you haven’t done so till now, and gather as many points as you can to make it big in the upcoming Hyperliquid airdrop. Stay tuned to the official website and social media handles of Hyperliquid to get the latest updates.
