Hyperliquid: Meme coin PURR will be available for trading at noon on April 16, and 50% will be airdropped to Points holders in proportion

According to BlockBeats, on April 16, Hyperliquid announced that it will launch the spot trading function of its first native token PURR on the L1 mainnet from 12:00 to 14:00 Beijing time today. 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: 1. HIP-1: allows the deployment of native tokens and the creation of on-chain spot order books. 2. HIP-2: An innovative mechanism called "Hyperliquidity" that permanently locks liquidity in the spot order book of HIP-1 tokens, forming a synergistic effect with the user's order liquidity. Similar to perpetual contracts, PURR's spot order book will also run entirely on-chain. Hyperliquid said that HIP-1 and HIP-2 are important steps towards a high-performance universal infrastructure. PURR will be the first native asset issued based on the HIP-1 standard. In the future, HIP-1 is expected to become the permissionless infrastructure of Hyperliquid L1 and create the possibility of cross-chain bridging from other chains.