Elysium Launches Layer-2 Network

Elysium Launches Hyperliquid-Focused Layer-2 Network

Elysium has launched its Hyperliquid-focused layer-2 network as Hypesium, a Telegram trading bot built for the chain. The network has drawn promotional posts advertising 1,500 USDT and a token allocation for content creators. Elysium launched on November 9, using HYPE for gas and settling transactions to HyperEVM.

Hypesium’s Starlist campaign advertises cash rewards and 1% of its token supply for creators. Kinetiq says half of Elysium’s sequencer revenue will fund purchases of its KNTQ token. Promotional posts describe first-block sniping, wallet tracking, and automated exits among Hypesium’s features.

Background and Timeline

The launch of Elysium’s layer-2 network is a significant milestone in the development of blockchain technology. The network is built on Arbitrum technology and operated with Conduit, providing a fast and secure platform for transactions. The launch date of November 9 marks the beginning of a new era in blockchain technology, with Elysium poised to play a major role in the industry.

Elysium’s Public Mainnet Launch

Kinetiq Research announced Elysium’s public mainnet launch on November 9, describing an Ethereum-compatible network built on Arbitrum technology and operated with Conduit. In its announcement, the company said Elysium settles to HyperEVM and uses HYPE as native gas.

It advertised 100-millisecond blocks and an execution target of 300 million gas units per second. HYPE moves between HyperEVM and Elysium on a one-to-one basis without a wrapper token, according to the release. HyperEVM ERC-20 assets can bridge to the new network permissionlessly.

Hypesium Rewards Creators

Starlist’s Hypesium campaign listing describes a competition in which the top 20 creators share 1,500 USDT. Participants ranked 21 through 100 are offered a combined 1% of the Hypesium token supply when the token launches.

The listed cash prizes range from 300 USDT for first place to 35 USDT each for positions 11 through 20. Creators are instructed to mention Hypesium and publish content explaining its features. Replies count toward the campaign, while copied posts receive one-fifth of the normal STARS score, according to the listing.

• First place: 300 USDT
• Second place: 200 USDT
• Third place: 150 USDT
• Positions 11-20: 35 USDT each

Hypesium Promotes Trading

A separate post from SofiX.eth describes Hypesium as a bot designed specifically for Elysium, claiming the chain has no public mempool. According to the post, the bot prepares a purchase before a liquidity pool exists and sends the buy when the pool-creation event arrives.

The account calls this “first-block execution” and lists deployer snipes, ticker snipes, tracked wallets, and automated exits. Its accompanying promotional image advertises bridging, trading, and launch sniping through Telegram.

Expert Perspective

According to experts in the field, the launch of Elysium’s layer-2 network is a significant development in the blockchain industry. The network’s fast and secure platform, combined with its innovative features such as first-block sniping and automated exits, make it an attractive option for traders and content creators.

Implications for Readers in India

The launch of Elysium’s layer-2 network has significant implications for readers in India. With the growing popularity of blockchain technology in the country, Elysium’s network is poised to play a major role in the industry. Indian traders and content creators can take advantage of the network’s fast and secure platform, as well as its innovative features, to increase their earnings and expand their reach.

What to Watch Next

As Elysium’s layer-2 network continues to grow and develop, there are several things to watch out for in the coming months. The network’s ability to scale and handle increased traffic, as well as its security and stability, will be crucial in determining its success. Additionally, the network’s token allocation and cash rewards for content creators will be an important factor in attracting and retaining users.

US Guidance on Promotional Disclosures

The Federal Trade Commission’s influencer guidance says endorsements should make financial or other material relationships with a brand obvious to readers. Financial connections can include benefits beyond cash.

The agency says disclosures belong with the endorsement itself, where readers are unlikely to miss them, and should not be buried among hashtags or placed only on a profile page. For posts published outside the United States, the FTC says US law can apply when an effect on American consumers is reasonably foreseeable.

Its guidance identifies “ad” and “sponsored” as examples of clear disclosure language. Kinetiq and Hypesium have not commented on whether they will comply with these guidelines.

Conclusion

In conclusion, the launch of Elysium’s layer-2 network is a significant development in the blockchain industry. With its fast and secure platform, innovative features, and cash rewards for content creators, Elysium is poised to play a major role in the industry. As the network continues to grow and develop, it will be important to watch for its ability to scale, security, and stability, as well as its token allocation and cash rewards for content creators.