How Ichor works
Ichor is a fair-launch token launchpad on Elysium Testnet, with every token paired against native HYPE.
Launching
Pick a name, ticker and image and send one transaction. The launchpad mints exactly 1,000,000,000 tokens and puts the whole supply into a constant-product pool against native HYPE, priced from a virtual HYPE reserve. There is no mint function, no presale and no team allocation. If you set a first buy, it executes inside the same transaction, before anyone else can trade.
Locked liquidity
The pool lives inside the launchpad contract, which has no code path to remove it. Once a token launches, its pool can't be rugged.
Fees
Every trade pays a 1% fee in HYPE: 0.75% to the platform and 0.25% to the token creator. If the creator turns off rewards at launch, the fee is 0.75%. Creator fees accrue on-chain and can be claimed from the portfolio page at any time.
Anti-snipe
Buys in the first three seconds after launch pay a decaying tax: 99% in the launch second, then 24.81%, then 5.19%, then just the normal fee. The creator's first buy in the launch transaction is exempt.
Graduation
A token graduates once 73.86% of its supply has been bought out of the pool (net of sells). Trading keeps working exactly the same after graduation; the badge marks tokens with real demand.
Trading
Buys and sells go straight to the launchpad contract with slippage and deadline protection. Gas is paid in HYPE and Elysium blocks land every ~100 ms.
Contracts · Elysium Testnet
Contracts are unaudited and running on testnet. Don't send real funds until an audit is done and mainnet contracts are published.