tread.fi sets TREAD genesis for Sept. 16, listing spot pair on Hyperliquid

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.