The launchpad meta. A meta where a continuous flow of revenue from fees and launches disappears from the ecosystem. An endless stream of tokens, each with a short lifespan and no continuity. Now, someone cracked the code ๐
Elysium (@Enter_Elysium) is the new L2 on Hyperliquid. @Kinetiq_xyz built Elysium on a premise of sustainability, and that premise has carried over to the ecosystem. Here is an example.
@AscendLaunch is a new launchpad on Elysium. But! This is the first time you will experience a sustainable launchpad. Mark my words, this will become the new standard, because in the light of Ascend, the โoldโ launchpads will look deeply flawed.
Now, what does @AscendLaunch do differently?
You launch a token. There is no bonding curve, great. You garner attention and your token thrives, even better. Then Ascend enters the picture. If the traction is legitimate, the token will be considered โAscendedโ. What does this mean? It means Ascend will do consistent buybacks and promote your token, amazing! Next up, Ascend will use the tokens accumulated in its treasury to help you get listed on HyperCore spot, and will help seed the liquidity on both sides. Eventually, if successful, there will be perps for the token.
So thatโs it? Oh no. There is much more ๐
There is no Ascend token (whaaat). Revenue is split into two streams: 50% is used to buy HYPE, and the other 50% is used to buy KNTQ. Most of the KNTQ is burned, some is used for liquidity, and some goes to the points programme, which rewards users on the platform. The HYPE is used to buy ecosystem tokens, support HyperCore listings, and some is paid out to HYPE stakers on the platform.
Staking? ๐
Yes. You stake HYPE, and it is converted to kHYPE, an LST. The yield from your staking is used to buy tokens in the ecosystem, which are airdropped to you. Remember KuCoin Shares? Just a much better version. Ascend even stakes HYPE themselves, and burns the tokens they earns.
I hope you see the potential.
Others will follow in their footsteps. This is sustainability on a completely new level. A new meta, if you will. And you are here, reading this post.
See you on Nov 9th, when we @Enter_Elysium
To the people of Elysium and everyone in crypto, itโs time to push this industry forward.
On @Enter_Elysium, things will be different.
7 days until we Ascend to Elysium.
2808 applied.
we've gone through and approved 118 SO FAR. the rest are still being checked, one by one, by us.
if you get in @torpor_si will tag you so turn notis on. also people keep asking, no there's no dao collab, nobody is getting in through a side door.
https://t.co/h7N4CagTyt is the only way in
Spent Halloween with a new horror game.
I got to playtest Make the World Great Again by @mwga_game, a satirical first-person game about a saga that was only recently brought to light and is somehow already half-forgotten.
Get it when it releases on November 2. Itโs great.
https://t.co/0xCgRmszLF
Meet Dragons Market ๐
Prediction markets on @NEARProtocol . A Dragon NFT collection. A holder Council to resolve disputes, with more things planned for eligible holders.
Coming soon. Follow us and watch us build.