DEX Aggregator Rage Trade to Issue Token on Buzzy New Layer 1 Blockchain Hyperliquid

As an experienced analyst in the crypto space, I believe that Rage Trade’s decision to issue its new token (RAGE) on Hyperliquid, a newly-launched layer-1 blockchain, is a strategic move that could potentially bring significant benefits to both parties.

I have learned that Decentralized Exchange (DEX) aggregator Rage Trade intends to launch a new token named RAGE through a liquidity generation event and a token sale, which will be facilitated by Fjord Foundry starting August 7.

The token is going to be developed on the newly launched Hyperliquid blockchain, which gained prominence as a decentralized exchange for perpetual contracts among the first-layer networks.

Currently, Rage Trade brings together the trading platforms of GMX, Synthetix, Dydx, Aevo, and Hyperliquid. Its primary function is to facilitate seamless position management across various blockchains while providing traders with rewards on each platform.

During the token generation event on Fjord, 20 million RAGE tokens will be available for purchase at a constant price of $0.30 each. An extra nine million tokens will be allocated to establish liquidity on Hyperliquid. Additionally, six million tokens are reserved for future market stabilization and incentives related to our products.

After seeing significant activity on Hyperliquid, with over 1,300 users and a trading volume of $445 million on Rage Trade’s Perp Aggregator, the company decided to launch its token on this popular network.

As an analyst, I would explain it this way: The total supply of the token amounts to 100 million units. Twenty percent of that amount, equating to 20 million tokens, will be allocated for the token sale. The remaining thirty percent or 30 million tokens will be added to the community treasury. However, access to this community treasury is restricted. A twelve-month cliff applies, meaning none of these tokens can be accessed until after one year has passed since the token generation event. Furthermore, a 24-month linear vesting schedule is in place, allowing for the gradual release of these tokens over a two-year period.

The “Rage Quit” deflationary mechanism enables investors and airdrop recipients to forgo the vesting schedule and obtain their allocation once the initial three-month waiting period elapses. However, this comes with a 60% reduction in the amount received, thereby decreasing the total supply of RAGE tokens in circulation.