DEX Aggregator Rage Trade to Issue Token on Buzzy New Layer 1 Blockchain Hyperliquid
Decentralized exchange perpetual aggregator Rage Trade plans to issue a new token, RAGE, through a liquidity generation event and a token sale on Fjord Foundry on August 7. The token will be built on the Hyperliquid blockchain, a layer-1 network. Rage Trade aggregates GMX, Synthetix, Dydx, Aevo, and Hyperliquid, allowing traders to manage positions across multiple chains and earn incentives. The sale will offer 20 million RAGE tokens at $0.30 each, with an additional nine million tokens used to seed liquidity on Hyperliquid. Six million tokens are reserved for future market making and product incentives. The total supply of RAGE will be 100 million, with 20% allocated to the token sale and 30% to the community treasury. A deflationary mechanism called "Rage Quit" allows investors to receive their allocation after a three-month cliff, subject to a 60% reduction.
