Token Sale FAQ
Q: What is $RAGE and what is its token sale about?
$RAGE is the native token for Rage Trade, one of the early utility spot tokens on Hyperliquid L1.
The token sale is divided into two phases:
- Public Sale on Fjord Foundry - A fixed-price public sale on Jul 31, 2024.
- TGE on Hyperliquid L1 - Token generation event on Hyperliquid L1's spot market, on August 7th (12pm UTC).
Q: When is the public sale and how can I participate?
The public sale will begin on July 31, 2024, and will last for 7 days. You can participate through Fjord Foundry by purchasing $RAGE tokens at a fixed price of $0.30 each. Join the sale here.
Q: How do I join the $RAGE sale on Fjord Foundry?
- You will be able to buy $RAGE only via Arbitrum Chain with any liquid asset. If you don't have assets on Arbitrum Chain, you can bridge via the official Arbitrum bridge or a 3rd party bridge like Jumper.
Q: When is the TGE on Hyperliquid L1?
The TGE on Hyperliquid L1 is when $RAGE tokens will be listed on Hyperliquid’s spot market, allowing trading to commence. This event will take place on August 7th (12pm UTC).
Q: What happens after the public sale on Fjord Foundry?
After the public sale on Fjord Foundry, $RAGE will be listed on Hyperliquid’s spot market. Rage Trade will seed Hyperliquidity with a portion of the funds raised from the public sale + 10% of total supply, permanently allocating liquidity into the spot order book for $RAGE tokens.
Q: What is the total and circulating token supply for $RAGE?
The total supply of $RAGE is 100,000,000 tokens. The circulating supply at launch will be 35,000,000 tokens, which is 35% of the total supply.
- 20% of total supply allocated to Public Sale on Fjord Foundry
- 10% of total supply allocated to seed Hyperliquidity on TGE
- 5% allocated for future liquidity provision or community incentives
Q: What is Hyperliquidity and how do they work?
Hyperliquidity is a novel strategy that permanently commits liquidity into the spot orderbook of HIP-1 tokens, with a price action similar to Uniswap V2. The strategy operates entirely onchain. Read More
Q: What happens with the remaining tokens/funds from the public sale?
Any remaining tokens or funds from the public sale that are not initially used for liquidity provision will be reserved for future market-making activities. These tokens will never be sold against the market.
Q: What is the Circulating Market Cap for $RAGE?
The circulating market cap for $RAGE at the public sale price of $0.30 is $10,500,000 ($30M FDV).
Q: What currencies can I use to participate in the Public Sale on Fjord Foundry?
Participants can use all liquid assets supported on Fjord Foundry.
Q: Will there be additional token supply entering the market after the token sale?
No, there will not be any additional token supply entering the market for at least three months beyond the initial 35% allocated during the token sale. This structure minimizes sell pressure and encourages secondary market participation.
Q. Where can I claim my $RAGE tokens after Fjord Sale
Your tokens will be airdropped to the same EOA address you used to participate in the sale but on Hyperliquid. So check your Hyperliquid spot balance for your $RAGE allocation.
