Rage Trade, a decentralized exchange perpetual aggregator, is set to launch its new token, $RAGE, on the Hyperliquid blockchain. The launch will be facilitated through a liquidity generation event and a token sale hosted on Fjord Foundry on Aug. 7. The total supply of $RAGE is 100 million tokens, with 20 million tokens to be sold at $0.30 each. Additionally, nine million tokens will seed liquidity on Hyperliquid, and six million will be allocated for future market making and incentives. The token distribution includes 35% for the token sale, 30% for the community treasury, 15% for the team, 13.5% for private purchasers, and 6.5% for airdrops to V1 and V2 users, as well as Hyperliquid OG spot traders. Rage Trade aims to leverage Hyperliquid's layer-1 blockchain to enhance its decentralized perpetual trading capabilities. Early supporters have expressed their confidence in Rage Trade's commitment to building a product with real demand.