#代币空投与分配 Hyperliquid's recent move is truly brilliant—zero private funding, zero VC involvement, and 100% of the genesis allocation given to early users, with the core team not participating in the distribution. This is almost unheard of in the crypto world.

So what does this mean? No institutional arbitrage opportunities, token distribution rights entirely in the hands of the community, and higher purity of early interaction benefits. If you haven't participated yet, now is a good window—engaging in on-chain interactions, trading, and liquidity mining can all be included in the genesis snapshot.

But a few points to note: First, interact as early as possible; distribution rules often include time-based weighting. Second, multi-chain interactions can increase your weight, so don’t focus only on one chain. Third, genuine transactions are more valuable than fake volume; project teams can see through false data.

Projects with zero fundraising and fully user-oriented are becoming more common, indicating that everyone is starting to recognize this model. If you're interested, keep an eye on similar project updates; early positioning can always earn you more than catching up later.