Page cover

│ Tokenomics

Distribution & Incentives

Token Overview

  • Primary Token: $GLQ

  • Pre-Token: $pGLQ

Our platform features $GLQ as the main token, with $pGLQ serving as a pre-token. Users will be able to farm $GLQ through $pGLQ (Season 0) & Points.

All information regarding $GLQ is subject to change until the TGE if happens. At the time of writing, only $pGLQ is minted.

$GLQ features

  • The total supply of $GLQ is capped at 1,000,000 tokens.

  • GLQ's role will be to distribute the platform's revenue to token stakers, in line with Hyperliquid's vision.

60% of the supply will be allocated to users shared between pGLQ (Season 0) and Points Program.

pGLQ Liquidity Incentives (Season 0)

  • 28% of the total supply (280,000 $GLQ) was allocated as incentives for Liquidity Providers to bootstrap liquidity on the platform in form of $pGLQ through Season 0.

Points Program (Season 1 & 2)

  • A 32% of the total supply (320,000 $GLQ) is allocated as incentives for Points Program to bootstrap activity on the platform.

    • 14% of these points will be distributed among Season 1 users

    • 18% of these points will be distributed among Season 2 users

  • At the end of each season, these points will be converted into pGLQ, which will be distributed by the team. This pGLQ will be convertible into GLQ in the TGE if happens.

$GLQ TGE

TGE has been postponed/cancelled until further notice, meanwhile S2 points will continue to happen.