Elysium Machines ($MACHINE): How the ERC-404 Launch Works
Elysium Machines is an ERC-404 collection of 4,444 "machines" on Elysium, built around a token called $MACHINE. Holding at least one whole token makes a machine appear in your wallet. This guide summarizes how the team says it works, and what to check before you buy.
How it works, according to the team
- Token and NFT in one. ERC-404 tokens behave as a coin and as an NFT. Hold one full $MACHINE and a machine shows up in your wallet.
- Single-sided pool, locked liquidity. The team says the whole supply sits in one single-sided pool with locked liquidity, and that every buy goes into the pool.
- Bonding curve. The price rises with every machine bought. The team lists the first machine at about 0.0141 HYPE.
- Activation. A machine can be activated on the project's site (the "Desk") to start earning rewards.
- Fees in the first 6 hours. Whitelisted wallets pay a standard 3% fee. Everyone else pays 40% for the first 6 hours. According to the team, the fees go to rewards for activated machines.
Why the fee matters
A 40% fee means a non-whitelisted buyer starts deep in the red. Anyone who buys in the first 6 hours without a whitelist spot pays a large part of the purchase just in fees. Read the fee on the swap screen before you confirm.
Checks before you buy
- Open the project only from its verified X account.
- Confirm the token's contract address with the team.
- Check holders and the biggest wallets on ElyScreener once the token trades. See the rug-pull checklist and bot clusters.
- Try a small amount first, and test a sell.
FAQ
What is ERC-404?
ERC-404 is an experimental token standard that lets one token act as both a fungible coin and an NFT. Whole-token balances create NFTs, and moving tokens can create or destroy them.
Can I lose money on Elysium Machines?
Yes. Like any new token, it can drop quickly, and the launch fees are high for non-whitelisted wallets.
Where do I track $MACHINE?
Once the token trades on Elysium, check its page on ElyScreener for holders, trades and bot activity.
Not financial advice. This summary is based on the team's public announcements; details may change.