> For the complete documentation index, see [llms.txt](https://hyperliquid-names.gitbook.io/hyperliquid-names/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hyperliquid-names.gitbook.io/hyperliquid-names/fair-launch.md).

# Fair Launch

Hyperliquid Names will follow a structured, fair launch process designed to minimize name squatting and ensure equal opportunity for individuals and entities to claim and mint names. The launch will consist of three phases:

* Phase 1: Whitelist Application
* Phase 2: Auction
* Phase 3: Open mint

## Whitelist Application

During this phase, individuals can **apply** for a specific name and reserve it for minting at mainnet launch.

* **Access code:** You will need a unique, one-time use access code to enter the whitelist application portal. Codes will be distributed exclusively through our ecosystem partners.
* **Name Selection:** Once you're in the portal, connect your Twitter or Discord, Wallet (to check for ENS names you own), and select one of the generated .hl names.
* **Custom Name:** You can optionally request a custom name. Just provide evidence of your ownership and it will be reviewed.
* **Check your status:** You can review the status of your application at <https://apply.hlnames.xyz/status>.
* **Minting:** If the application is approved, you can mint it at <https://app.hlnames.xyz>.

You can access the whitelist application portal here: <https://apply.hlnames.xyz/>.

For our Korean audience, [SKYGG ](https://x.com/SKYGG_Official)has created this guide: <https://skyggxyz.notion.site/hl-names-whitelist-guide>.

## Auction

Names that have not been minted during the application phase will be made available for **auction**. The auction phase introduces a competitive process where participants can place bids to win ownership of a name.

* **Auction Duration:** Each auction runs for **31 hours**.
* **Bidding Rules:**
  * Bids start at the minimum bid price and must increment by at least **.01 HYPE**.
  * If a bid is placed within **5 hours of the auction's end**, the auction will extend by an additional **1 hour**.
  * A temporary maximum of 5**00 active auctions** can run at any time.
  * Each wallet is temporarily limited to owning a maximum of **10 names** during the auction phase.
    * We will routinely review these limitations and adjust them as needed.
* **Winning the Auction:** The highest bidder at the end of the auction period wins the name.
* **Pricing tiers:**
  * 1 char: 3 HYPE
  * 2 char: 2 HYPE
  * 3 char: 1 HYPE
  * 4+ char: 0.5 HYPE

See [How To > Auctions](/hyperliquid-names/how-to/auctions.md) for more details.

For our Korean audience, [SKYGG ](https://x.com/SKYGG_Official)has created this guide: <https://skyggxyz.notion.site/HL-Names-Korean-Auctions-Guide-1bd64c62732d809fb256e07e5605423e>.

## Open mint

More information coming soon.