EdFinn1@999982·Jul 12

Rage Trade, a decentralized exchange (DEX) perpetual aggregator, announced plans to issue New Tokens (RAGE) on August 7 through a liquidity generation event and a token sale held at Fjord Foundry. The token will be built on the recently released Layer1 blockchain Hyperliquid. Rage Trade currently integrates GMX, Synthetix, Dydx, Aevo and Hyperliquid. It is designed to allow traders to manage positions across multiple chains and receive rewards on each chain.

  • EdFinn1@999982·Jul 12

    20 million RAGE tokens will be sold on Fjord for a fixed price of $0.30, an additional 9 million tokens will be used to inject liquidity into Hyperliquid during the token generation event, and 6 million tokens will be reserved for future market-making and product incentives. The total supply of the token is 100 million, of which 20% has been allocated to token sales, while 30% will be deposited into the community vault and subject to a 12-month cliff period and a 24-month linear attribution plan. A deflationary mechanism known as "Rage Quit" allows private investors and airdrop recipients to cancel attribution plans and receive their allocations after the initial three-month cliff period ends, and those who choose to use Rage Quit will be subject to a 60 percent cut, which will reduce the supply of RAGE.

    0