Regardless of Hyperliquid upside or not, credit where it's due:

One of the key drivers behind $HYPE's success wasn’t just strong product-market fit and serious revenue traction.

It was the team’s full commitment to the token.

By deciding to return 97% of revenue/value back to the token, they basically turned it into digital equity - and distributed real ownership to the community.

This is how every project should approach token design.

You don’t need to do full buybacks. Reinvestment is fine too, especially in the early phases of a startup. But you do need a clear signal that tokens = equity = ownership.

I’m honestly sick of overengineered tokenomics and scammy ponzis where founders just mint a token to extract more money - only to funnel value into equity structures that line their own pockets.

Massive conflict of interest.

If you’re launching a token, commit to it. Otherwise, don’t bother.

Because if not, you’re just another soft rug in a different costume.

Hyperliquid.