Rage Trade will launch the RAGE token on August 7. The token is based on the Hyperliquid chain.

According to Foresight News , CoinDesk reported that the perpetual contract aggregator Rage Trade announced plans to issue a new token (RAGE) through a liquidity generation event and a token sale held on Fjord Foundry on August 7. The token will be built on the recently released Layer1 blockchain Hyperliquid. 20 million RAGE tokens will be sold on Fjord at a fixed price of $0.3, and another 9 million tokens will be used to inject liquidity into Hyperliquid during the token generation event. In addition, 6 million tokens are reserved for future market making and product incentives. The total supply of RAGE tokens is 100 million, of which 20% has been allocated to token sales, while 30% will be deposited in the community treasury and subject to a 12-month lock-up period and a 24-month linear unlocking plan.