01 · Tax
A small tax on each trade
Buys and sells of $ELYX pay a [TBC: x%] tax.
$ELYX · Native to Elysium
The index of Elysium.
Hold one, earn HYPE and KNTQ.
Launch: [TBC: date] on [TBC: launch venue] · Contract: [TBC: address]
/ Protocol metrics · live at launch /
- —$ELYX priceFrom the $ELYX pool once trading opens.
- —HoldersWallets above [TBC: min. balance].
- —Rewards paidHYPE and KNTQ sent to holders, all time.
- —Next distributionEvery [TBC: interval], pro rata.
How it works
Every trade buys the chain's core assets.
ELYX is a tax token. The tax is swapped into HYPE and KNTQ and paid to holders. Nothing to stake, nothing to claim manually [TBC: auto-distribute vs. claim].
02 · Buy
Swapped into HYPE + KNTQ
The tax is converted into Elysium's two core assets, split [x% HYPE / x% KNTQ].
03 · Distribute
Paid to holders
Rewards go to $ELYX holders pro rata, every [TBC: interval].
- Trade $ELYX
- Tax [x%]
- HYPE
- KNTQ
- Holders
Supported assets
What the tax buys.
The tax buys each supported asset in set weights [TBC: weights] and pays it out to $ELYX holders.
HYPE
Hyperliquid · gas token of Elysium
Weight[TBC: x%]
View asset KNTQ
Kinetiq · bought and burned by sequencer revenue
Weight[TBC: x%]
View asset Basket expansion
More to come
More Elysium assets can join the basket once they have deep enough on-chain liquidity. [TBC: listing rules]
Roadmap [TBC]
Why HYPE and KNTQ
Elysium's value flows to two assets. ELYX holds both.
Elysium has no token of its own. Gas is paid in HYPE, and half of sequencer revenue buys and burns KNTQ. Partner apps add their own KNTQ burns. An index of the two is the simplest way to hold the chain.
- Kinetiq's L2 for Hyperliquid: Arbitrum Orbit, settles to HyperEVM. docs
- HYPE is the gas token; 100 ms blocks. docs · @Enter_Elysium
- Mainnet live 9 Nov 2026. x.com/Enter_Elysium
- Dawn and Oku pledge 40% of their net trading fees to buying back and burning KNTQ. Dawn post · Oku post
Sequencer revenue split. Source: elysium.kinetiq.xyz · Kinetiq blog · @Kinetiq_xyz
The Cleared Window
The first cleared launch on Elysium.
For the first [TBC: x minutes], only wallets with a real Hyperliquid account can buy. Snipers and fresh bot wallets wait. Real users go first.
T+0 → T+[x] min
Cleared buyers only
Wallets verified as real Hyperliquid accounts [TBC: verification rule, e.g. HyperCore account with prior activity]. Optional max buy [TBC].
T+[x] min
Open trading
Anyone can trade. Tax and rewards run as normal.
Ongoing
Rewards accrue
Tax buys HYPE and KNTQ for holders from the first trade.
"First cleared launch" is our positioning claim [TBC: confirm no prior launch used this before publishing].
Tokenomics
Simple, and every open number is marked.
| Item | Value |
|---|---|
| Ticker | $ELYX |
| Chain | Elysium (chain ID 99901) docs |
| Total supply | [TBC] |
| Tax on buy / sell | [TBC: x% / x%] |
| Tax split | [x% HYPE / x% KNTQ / x% liquidity / x% team or burn] |
| Distribution | [TBC: auto-push vs. claim; interval] |
| Team allocation | [TBC] |
| Liquidity | [TBC: locked / burned, duration] |
| Launch venue | [TBC: launch venue] |
Tax mechanism · Option A
Own ELYX contract
Custom tax logic, [TBC: 5-10%] tax.
- Full control of split and distribution
- Needs an independent audit [TBC: auditor]
Tax mechanism · Option B
Launch venue's built-in tax
Use the venue's native tax-token feature [TBC: venue's max tax, fee share and payout assets].
- No custom contract to audit
- Venue keeps a share of the tax [TBC: x%]
Mechanism: [TBC: A or B]
Risks
Read this before you buy.
Single sequencer
Elysium runs one sequencer at launch. Outages or ordering issues affect every app, including ELYX. docs
~5.5-day withdrawals
Standard withdrawals to HyperEVM have a challenge period of about 5.5 days. docs
Lookalike tokens and fake bridges
Tens of thousands of tokens launched in the first days [TBC: cite explorer count]. Only trust the contract address posted here and on [TBC: ELYX X handle]. Bridge only via links in the official docs.
Contract and tax risk
Tax tokens can fail or be misconfigured. [TBC: audit report link]. Rewards depend on trading volume and are not guaranteed.
Roadmap is not live
Contracts reading and trading HyperCore order books arrive in an ArbOS upgrade about four weeks after mainnet. ELYX does not rely on it at launch. docs
Market risk
HYPE, KNTQ and ELYX are volatile. You can lose everything you put in.
FAQ
Questions
What is ELYX?
A tax token on Elysium. The tax buys HYPE and KNTQ and pays them to holders. One token for exposure to the chain's core assets. It is not a launchpad.
Why HYPE and KNTQ?
HYPE is Elysium's gas token, and 50% of sequencer revenue buys and burns KNTQ. Dawn and Oku also pledge 40% of their net trading fees to buying back and burning KNTQ.
How do I receive rewards?
Hold $ELYX. Rewards are paid in HYPE and KNTQ [TBC: automatically / claim page, every x].
What is the Cleared Window?
For the first [TBC: x minutes] of launch, only wallets with a real Hyperliquid account can buy. It keeps snipers and fresh bot wallets out so real users go first.
Is ELYX affiliated with Elysium or Kinetiq?
No. ELYX is an independent community project built on Elysium. It is not endorsed by Elysium, Kinetiq or Hyperliquid.
Where does it launch?
[TBC: launch venue and date]. The only valid contract address is the one published here.
Is it audited?
[TBC: depends on tax mechanism A or B; audit link].
HYPE and KNTQ, paid to $ELYX holders.
Launch details