Digital asset retail and institutional execution layer tread.fi said its native token TREAD will undergo genesis at 13:00 UTC on Sept. 16, 2026. The token will launch on Hyperliquid as a HIP-1 spot asset, with TREAD/USDC as its main trading pair. According to the announcement, TREAD is designed as a consumptive utility token for use rather than staking, with utility to be defined through Tread Improvement Proposals.
TREAD has a fixed total supply of 100 million tokens and no inflation mechanism. The genesis allocation accounts for 15.2% of supply and will be fully unlocked based on platform usage. Tokens will be sent directly to users’ registered HyperCore addresses, with no claim transaction and no gas payment required. Team members are not eligible for that distribution.
The broader allocation includes 35.5% for community and ecosystem, 23.8% for the Tread Labs treasury, 18.0% for the team, and 7.5% for the foundation treasury. Tokens allocated to the team and Tread Labs treasury will remain locked for one year and then unlock linearly over three years. tread.fi also said there are no allocations for private investors, venture capital, centralized exchanges, presales, or SAFTs. The platform said it has processed more than $100 billion in volume for more than 30,000 retail traders and institutional clients across over 20 centralized and decentralized exchanges.
According to ChainCatcher, digital asset retail and institutional execution layer tread.fi said its native token TREAD will undergo genesis at 13:00 UTC on Sept. 16, 2026.
TREAD is described as a consumptive utility token, built for use rather than staking. Its utility will be defined through Tread Improvement Proposals. The token has a fixed total supply of 100 million, with no minting function.
Genesis allocation and unlock structure
The genesis allocation accounts for 15.2% of total supply. It will be fully unlocked based on platform usage and sent directly to users’ registered HyperCore addresses. No claim transaction is required, and users will not need to pay gas. Team members are not eligible for the distribution.
- Community and ecosystem: 35.5%
- Tread Labs treasury: 23.8%
- Team: 18.0%
- Foundation treasury: 7.5%
Tokens allocated to the team and the Tread Labs treasury will be locked for one year, then unlocked linearly over three years.
Listing plan and token design
TREAD will go live on Hyperliquid as a HIP-1 spot asset. Its main trading pair will be TREAD/USDC.
tread.fi said the token supply is non-inflationary, pays no yield, and has no staking emissions. It also said there are no allocations for private investors, venture capital, centralized exchanges, presales, or SAFTs.
Platform activity
The company said tread.fi has processed more than $100 billion in trading volume for more than 30,000 retail traders and institutional clients, covering more than 20 centralized and decentralized exchanges.
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