How PALA works
The mechanics the platform mirrors on Elysium, plus a checklist for mainnet readiness.
Network
Elysium is an Arbitrum Orbit chain built by Kinetiq. It settles to HyperEVM rather than Ethereum, uses HYPE for gas, and targets 100–200ms blocks.
- Chain ID
- 99801 (0x185d9)
- Settlement
- HyperEVM testnet (998)
- Data availability
- AnyTrust committee
- Sequencer
- Conduit G2
- RPC
- https://testnet-rpc.elysium.kinetiq.xyz
- Explorer
- https://elysium.kinetiq.xyz/testnet-explorer
Lifecycle
A token is created with a fixed supply of one billion and begins on a bonding curve. The price rises as buyers absorb 739.1 million tokens, and it rises about 14.7× from launch to graduation, the same climb as a pump.fun curve. The buy that reaches the raise target graduates the curve in the same transaction: the raised HYPE and the remaining 260.9 million tokens seed a Uniswap v4 pool on Elysium at the same price, and that liquidity can never be removed.
- 1CreateFixed supply minted
- 2TradeHYPE bonding curve
- 3GraduateTarget raised
- 4Liquidity poolLiquidity locked permanently
- 5CompleteOpen market access
Pricing
The curve is a constant product over a phantom HYPE reserve equal to 6/17 of the raise target and the full one billion supply, so the opening price is that reserve divided by the supply. The pool continues the curve’s liquidity at the same price, so there is no jump and no thinner book after graduation. A 1% fee applies to every trade on the curve and in the pool; 80% of it goes to the creator and 20% to the PALA treasury. Buys in the first seconds after launch also pay a snipe tax that decays to zero.
Graduation, refunds and HyperCore
If graduation cannot complete, the curve stays closed and anyone can retry it. After seven days without a pool, the admin can open pro rata refunds for holders. Listing on the HyperCore spot book is a separate, optional step that needs a HIP-1 ticker (auction floor 500 HYPE) and the Elysium mirror bridge; PALA does not do this step yet.
Trading perpetuals
The Trade page has two venues in one workstation. HyperCore reads Hyperliquid mainnet market data (perpetuals, spot, candles, orderbook, trades, funding, open interest) from the browser, and orders are signed by your wallet and sent to the Hyperliquid exchange. Launchpad lists PALA tokens from the indexer, which reads the contracts on Elysium; it is empty until the contracts are deployed. Asset logos are loaded directly from Hyperliquid's official app CDN using the live coin id, including HIP-3 prefixes such as xyz:TSLA, without a hardcoded per-token logo map or third-party aggregator. The live perp catalog uses metaAndAssetCtxs for native HyperCore and discovers HIP-3 DEXs through perpDexs, then loads their contexts separately. allPerpMetas is metadata only, not a price feed.
- Venue
- Hyperliquid L1 (HyperCore)
- Signing
- Your own wallet, per order
- Maximum leverage
- Per market, from Hyperliquid metadata
- Margin and liquidation
- Hyperliquid rules for your account
- Funding
- Hourly, set by Hyperliquid
- Fees
- Hyperliquid fee schedule for your account
Payments with X Money
Launch fees, cashtag listings and top-ups can be paid by sending USD to an X handle. Each payment creates a unique reference, and confirming the same reference twice has no further effect, so it cannot be credited twice.
STOKE
STOKE is the ticker of PALA’s platform token and is separate from Elysium itself, which charges gas in HYPE. It has a fixed supply of one billion with no minting function. Ten percent of net platform revenue is used to buy it back and burn it, and staking yield ranges from 6% to 46% depending on how much is staked.
Mainnet checklist
Mark items as they are completed. Progress is saved in this browser.