How it works

The rules, all of them.

Edge is one contract on Elysium. There is no backend and no admin who can touch a coin. Everything below is what that contract does.

Overview

Most launches are a race. The token exists from the first block, so whoever is fastest (usually a bot) buys cheapest, and everyone after them pays more. Edge turns the race into a queue that all clears at once.

  1. 01
    Start blind

    A name and ticker are reserved. No token exists yet.

  2. 02
    Muster, 10 minutes

    Anyone sends HYPE in, up to a cap per wallet.

  3. 03
    The whistle

    One transaction creates the token and the whole pot buys.

  4. 04
    Claim and trade

    Everyone takes their share. The coin trades for life.

Starting a coin

Pick a name (up to 32 bytes), a ticker and optionally a picture, a description and links, then pay the start fee (0.1 HYPE at launch, shown live on the start page).

  • Tickers use A to Z and 0 to 9, up to 10 characters, so every ticker has exactly one spelling.
  • A ticker is reserved from the start until 72 hours after its muster closes. Nobody can open a copycat in the meantime.
  • The picture is shrunk in your browser and stored on chain in the start event. No image host can take it down.
  • The starter gets no tokens. To hold some, join your own muster like anyone else.

The muster

For 10 minutes after the start, anyone can join with HYPE. Joining buys nothing yet: your HYPE waits in the contract.

  • Every wallet has the same cap (1 HYPE at launch). You can top up until you hit it.
  • Every coin has a pot cap (20 HYPE at launch). If the pot ends above it, everyone is scaled down by the same factor and the rest is refunded when they claim. Joining early does not get you a bigger slice.
  • Both caps are fixed for a coin at the moment it starts.

The whistle

When the clock reaches zero, anyone can blow the whistle. In that one transaction the contract:

  1. creates the token: 1,000,000,000 supply, no owner, no tax, no mint function;
  2. buys from the coin's curve with the whole accepted pot;
  3. records how many tokens the pot bought, to be split by deposit.

Because there was no token before this transaction, there was nothing to snipe. Every wallet in the muster paid exactly the same price per token.

If nobody blows it, the first wallet that claims blows it for everyone.

Claiming

Each wallet in the muster claims its tokens (its deposit share of what the pot bought) plus any over cap refund, whenever it likes. Claims never expire.

Trading

After the whistle the coin trades on its own constant product curve inside the contract, straight from the coin page. The curve starts with a virtual reserve of 100 HYPE, so the starting market cap is 100 HYPE and the price moves smoothly from there. There is no migration, and no liquidity that anyone can pull.

Selling needs no approval step: the token lets only the Edge contract move it, and only from the wallet that is selling.

Fees

Start fee0.1 HYPERefunded to the starter if nobody joins
JoiningNoneOnly gas
Whistle buyNoneThe pot buys fee free
Trading1%0.5% to the muster, 0.5% to the platform

The muster share is split by how much HYPE each wallet had accepted at the whistle. It keeps paying for as long as the coin trades, and it stays yours after you sell. Collect it from the coin page or from My coins.

Edge cases

  • Empty muster. The whistle cancels the coin instead, frees the ticker, and the starter can take the start fee back.
  • Late join. A join after the clock ends is rejected, even if nobody has blown the whistle yet.
  • Rounding. Splits round down in the contract's favour by at most a few wei, so it can always pay everyone.
  • Paused. The owner can pause new starts. Nothing else: running musters, claims, trades and fees cannot be stopped.

Elysium setup

Edge runs on Elysium, the Layer 2 for the Hyperliquid ecosystem built by Kinetiq. Gas is paid in HYPE. Your wallet is asked to add the network when you connect, or add it by hand:

NetworkElysium
Chain ID99901
Gas tokenHYPE
RPChttps://rpc.elysium.kinetiq.xyz

Move HYPE in with the canonical bridge from HyperEVM. Withdrawals back go through a challenge period of about 5.5 days, so only bridge what you mean to use. Check the details in the Elysium docs ↗.

The contract

One contract, EdgeLaunch, holds every muster and every curve. The functions you use from this site:

start(name, ticker, meta)Open a coin and its muster
join(id)Add HYPE to an open muster
whistle(id)Launch after the clock ends (anyone)
claim(id)Take your tokens and any refund
buy(id, minOut) / sell(id, amount, minOut)Trade on the curve
collect(id)Take your share of trade fees
refundStart(id)Starter takes the fee back from a cancelled coin

Ready to try it? Start a coin or join a muster.