Digital asset retail and institutional execution platform tread.fi said its native token, TREAD, will have its genesis on September 16, 2026 at 13:00 UTC. According to ChainCatcher, TREAD is a consumptive utility token designed for use rather than staking, with utility defined through Tread Improvement Proposals.

The token has a fixed total supply of 100 million and no inflation or additional issuance function. According to ChainCatcher, the genesis allocation accounts for 15.2% and will fully unlock based on platform usage, with tokens sent directly to users’ registered HyperCore addresses without claim transactions or gas fees, while team members are not eligible.

The remaining allocation is split among community and ecosystem at 35.5%, the Tread Labs treasury at 23.8%, the team at 18.0%, and the foundation treasury at 7.5%. Team and Tread Labs treasury tokens will be locked for one year before linear vesting over three years. There are no allocations for private investors, venture capital, CEXs, presales, or SAFTs.

TREAD will launch on Hyperliquid as a HIP-1 spot asset, with TREAD/USDC as the main trading pair. tread.fi said it has processed more than $100 billion in trading volume for over 30,000 retail traders and institutional clients across more than 20 centralized and decentralized exchanges.