tread.fi Announces TREAD Genesis Distribution of 100 Million Tokens

ChainCatcher report: tread.fi, a retail and institutional execution layer for digital assets, has announced that the genesis of its native token, TREAD, will occur on September 16, 2026, at 13:00 UTC. TREAD is a consumable utility token designed for use rather than staking, with its utility defined through Tread Improvement Proposals. The total supply is fixed at 100 million tokens, with no inflationary mechanism. The genesis allocation accounts for 15.2% and will be fully unlocked based on platform usage, directly sent to users’ registered HyperCore addresses without requiring claim transactions or gas fees; team members are ineligible to participate. The community and ecosystem receive 35.5%, the Tread Labs treasury receives 23.8%, the team receives 18.0%, and the foundation treasury receives 7.5%. Tokens allocated to the team and Tread Labs treasury will be linearly unlocked over three years, starting one year after genesis. There are no private investor, venture capital, CEX, presale, or SAFT allocations. TREAD will list on Hyperliquid as a spot asset under HIP-1, with the primary trading pair being TREAD/USDC. The supply is non-inflationary, does not yield rewards, and has no staking emissions. tread.fi has processed over $100 billion in trading volume for more than 30,000 retail traders and institutional clients across more than 20 centralized and decentralized exchanges.