DISCLOSURE · SEPTEMBER 16, 2026
Tokenomics Disclosure
Summary
TREAD is the native token of tread.fi, the retail and institutional execution layer for digital assets. tread.fi has processed over $100B in trading volume for more than 30,000 retail traders and institutional clients, across 20+ centralized and decentralized exchanges. The TREAD genesis event takes place on September 16, 2026 at 13:00 UTC.
TREAD is a consumptive-utility token: it is used, not staked. Utility is defined through TREAD Improvement Proposals (TIPs), released by Tread Labs, each defining a way TREAD can or will be used on the platform.
Fixed supply — 100,000,000 TREAD, non-inflationary.
Consumption, not yield — holding or locking TREAD unlocks fee discounts, marketplace participation and integration rights. No staking, no emissions, no interest.
Community-first distribution — a majority of supply is allocated to the community: ecosystem programmes, the genesis distribution and Foundation operations.
Token at a glance
NAME TREAD
STANDARD ERC-20, Ethereum mainnet
CONTRACT 0x31EEA0EDeb85B0cB65c1400bd2F4e487fD61B537
AVAILABILITY Native spot on Hyperliquid (HIP-1) via LayerZero
TOTAL SUPPLY 100,000,000 fixed
ISSUER Tread Foundry Ltd, British Virgin Islands
Token utility
TREAD is the consumption layer of the tread.fi platform. Utility is defined through TREAD Improvement Proposals (TIPs), which are released by Tread Labs and administered through the tread.fi platform, operated by Tread Labs Corporation — a separate company not owned or controlled by the issuer. The summaries below are indicative; see the tread.fi documentation for the full parameters of each TIP.
TIP-1 — Fee discounts
Hold TREAD in your tread.fi UOA wallet and pay less to trade. Discounts are tiered, and can reach up to 80% of fees.
TIP-2 — Tread Vault
All incentives and airdrops that tread.fi receives from an exchange are distributed to users based on their share of TIP-1 fee savings on that exchange.
TIP-3 — Agentic marketplace
Lock TREAD to publish your own trading agent and let anyone on the platform hire it. The marketplace pays for contribution: agents that trade well get hired, and the people who built them get paid. Full parameters will be set out in the TIP — details coming soon.
TIP-4 — Exchange integration fees
Venues that want to be integrated on tread.fi bid in TREAD.
What TREAD does not confer
TREAD confers no equity, dividend, profit share, or claim on the assets, management or profits of any Tread entity. TREAD is not staked and pays no interest or staking yield. Benefits under the TIPs accrue through use of the platform.
Token distribution
Community & ecosystem 35.5% 20% at TGE, remainder 4-year monthly linear
Funds ecosystem programmes and community initiatives across the TREAD ecosystem.
Tread Labs Treasury 23.8% 12-month cliff, then 4-year linear
Held by Tread Labs Corporation for the continued development and operation of the tread.fi platform.
Team 18.0% 12-month cliff, then 3-year linear
Allocations to team members, employees and advisors, subject to cliffs and linear vesting.
Genesis Distribution 15.2% 100% at TGE, delivered directly
Delivered to registered tread.fi users in recognition of past activity on the platform.
Foundation Treasury 7.5% 20% at TGE, remainder 4-year monthly linear
Funds Foundation operations, listing liquidity provision, and its stewardship of the token.
Team members, employees and advisors are not eligible for the genesis distribution. There were no allocations to private investors, venture funds or centralized exchanges. TREAD has never been sold: no presale, no SAFT, no warrants.
Supply and unlock schedule
Supply is fixed at 100,000,000 TREAD and there is no mint function. The supply does not inflate and the token pays no yield; there are, and never will be, staking emissions. Demand for TREAD comes from use of the platform: as utilization of tread.fi’s algorithmic trading, agentic trading workflows and other verticals expands, locked supply increases in tandem. Decentralization is designed to occur through increased adoption, not through emissions.
Cumulative unlocked supply, assuming vesting begins at TGE:
AT TGE 23.8M 23.8%
MONTH 12 44.35M 44.4%
MONTH 24 64.9M 64.9%
MONTH 36 85.45M 85.5%
MONTH 48 100M 100%
No team, employee, advisor or Tread Labs Treasury tokens unlock at TGE or during the twelve months thereafter; those allocations are subject to 12-month cliffs followed by monthly linear vesting.
Unlocked is not released. Unlocked portions of the Community & Ecosystem and Foundation Treasury allocations are deployed only for the purposes of their respective allocations and are held by the issuer until deployed.
Genesis distribution
Points were awarded to users who executed trading strategies across the venues integrated with the platform. The distribution recognizes past platform usage; it is not consideration for any investment. At genesis, TREAD is delivered directly to the address of each eligible user on HyperCore — there is no claim transaction and no gas to pay. Recipients are eligible users who completed registration and accepted the applicable terms and conditions.
How TREAD can be obtained
Genesis distribution — delivered to eligible registered users based on past platform activity.
Ecosystem programmes — earned through community and ecosystem initiatives funded from the Community & Ecosystem allocation.
Secondary markets — purchased or exchanged on centralized and decentralized exchanges following listing.
Trading
At genesis, TREAD is available as a HIP-1 native spot asset on Hyperliquid, made available via LayerZero. TREAD/USDC is the main trading pair, with spot trading natively on HyperCore and perpetuals via Paragon on HIP-3. No TREAD was allocated to any exchange in return for a listing.
Risk factors
Regulatory — digital-asset regulation continues to evolve across the jurisdictions in which the platform and token are available, including the United States, and could affect the availability or design of token utilities.
Market — platform activity correlates with broader crypto trading activity; prolonged downturns reduce volumes, and token demand tracks platform usage.
Competition — venue-native terminals, execution platforms and OEMS providers compete with the platform.
Technology and security — smart-contract, API-key handling and infrastructure risks apply to the platform and the token contract.
Third-party venues — the platform depends on continued access to integrated third-party venues.
Concentration and unlock — a material portion of supply is subject to cliffs and linear vesting. Scheduled unlocks increase the quantity of tokens capable of being transferred over time.
Volatility — TREAD's market price may be volatile, particularly in early trading; no Tread entity undertakes to support or manage the token's price.
Disclaimer
This disclosure is provided for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any token, security or financial instrument in any jurisdiction, nor investment, legal, accounting or tax advice. TREAD is a utility token intended for consumptive use; it confers no equity, dividend, profit share, or claim on the assets of any Tread entity. Certain statements are forward-looking and subject to change; product features, parameters and figures described are subject to calibration and Foundation approval. Nothing in this document should be relied upon in connection with any purchase decision.
© 2026 Tread Foundation