Current status #

Ticker: $MACHINE. Fair launch: Friday, November 6, 15:00 UTC. Contracts are being finalized; every address will be published in Verify It Yourself before trading opens.

The short version #

$MACHINE is an ERC-404 token with 4,444 units, trading through one canonical $MACHINE/HYPE pool on Elysium. Hold a whole token and a dark machine appears in your wallet. Sell below a whole token and that machine dissolves back into circulation.

Consecrate a machine and its token is burned. The machine becomes a permanent NFT, its screen lights up, and from that moment it farms HYPE. The token supply shrinks with every consecration. The fee stream it farms from does not.

Every buy and sell pays a 3% fee, enforced by the token itself. 2% of all volume flows to lit machines in HYPE and 1% funds the team. NFT royalties feed the same reward pool.

Glossary #

A fair launch, through the token #

There is no NFT mint page and no presale. The launch happens through the token. All 4,444 units are seeded along a price curve into the one canonical $MACHINE/HYPE pool, and that liquidity is locked for good: no one, the team included, can pull it. Everyone buys from the same pool on the same curve. Buying a whole token is how you mint a machine.

How to get a machine #

1. Join the whitelist on the main page before launch: follow, like, quote, and submit your wallet.
2. At launch, open the exchange and buy at least 1.0 $MACHINE with HYPE from the canonical pool.
3. A dark machine materializes in your wallet. Its generation is drawn at random from the unclaimed pool.
4. Keep it dark and trade it, reroll it, or consecrate it to farm HYPE.

Five generations, one hall #

Every machine is drawn by code: a minimal isometric terminal with its own casing, keys, screen and phosphor. Rarer generations carry more reward weight once lit. Click a card to see it lit.

ERC-404, live #

The token and the NFT are one asset. Your whole-number balance is your number of dark machines. Move the slider to buy and sell, and watch machines materialize and dissolve.

The reroll #

Dark machines are draws, not fixed assignments. When your balance crosses down through a whole unit, your newest dark machine dissolves. When it crosses back up, a new one is drawn at random from what the pool holds. Sell 0.1 and buy it back, and you hold a different machine. The odds are the live pool composition, which anyone can read onchain.

function _draw(address account) internal returns (uint256 id) {
    uint256 position = uint256(keccak256(abi.encodePacked(
        block.prevrandao, block.timestamp, block.number, account, ++_drawNonce
    ))) % poolSize;
    id = _slotValue(position);
    _removePoolPosition(position, id);   // lazy Fisher–Yates over unclaimed ids
}

$MACHINE farms HYPE #

HYPE is the native asset of Elysium: it pays gas and it is what the canonical pool trades against. The fee is taken in HYPE inside each swap, so rewards need no conversion step. They reach lit machines as HYPE.

HYPE is the first reward. Tokenized stocks on Elysium come next, with different machines earning different stocks.

Two streams feed one reward pool: 2% of all trading volume and 4% of every NFT sale. Every lit machine farms from that pool by its generation weight.

Where every HYPE goes #

The base fee is 3% of the HYPE side of every swap, taken by the hook inside the swap. The pool's own LP fee is zero; the protocol fee replaces it. The split is fixed in the fee library.

uint256 internal constant BASE_FEE_BPS = 300; // 3%
uint256 internal constant REWARD_BPS   = 200; // 2% of volume, HYPE to lit machines
uint256 internal constant TEAM_BPS     = 100; // 1% of volume

Royalties feed the same pool #

Machines are a separate ERC-721 mirror with enforced creator earnings of 5% on compatible marketplaces. 4% goes to the HYPE reward pool for lit machines and 1% to the team. Wallet-to-wallet transfers you start yourself always pass and pay nothing.

Reward epochs #

Fees and royalties queue in the reward pot as HYPE. An epoch distributes the queue to every lit machine by weight. A machine earns from the epoch after it was consecrated, and its unclaimed HYPE stays with it when the NFT changes hands.

Yield estimator #

Move the sliders to see how the reward pool splits across lit machines. Fewer lit machines means a bigger share each. More volume means a bigger pool.

Consecrating #

Dark machines trade, reroll and earn nothing. Consecrating burns the single $MACHINE behind a machine you own. In exchange it becomes a permanent NFT that can never dissolve, its screen lights up, and it starts farming HYPE. There is no function in any contract that reverses it.

function consecrate(uint256 id) external {
    if (_ownerOf[id] != msg.sender) revert NotMachineOwner();
    if (isLit[id]) revert AlreadyLit();
    if (balanceOf[msg.sender] < UNIT) revert InsufficientBalance();
    balanceOf[msg.sender] -= UNIT;
    totalSupply -= UNIT;                 // real supply reduction
    emit Transfer(msg.sender, address(0), UNIT);
    _removeDark(msg.sender, id);
    isLit[id] = true;                    // never unset, anywhere
    totalLit += 1;
    mirror.clearApproval(msg.sender, id);
    emit Consecrated(id, msg.sender);
    rewards.onConsecrate(id, msg.sender);
}

The 4,444 invariant #

Every unit is always in one of two states: liquid (a token that trades and rerolls) or lit (an NFT that farms). Consecrating moves a unit from the trading side to the earning side. Liquid tokens plus lit machines always equal 4,444.

/// Liquid tokens plus lit machines: always 4,444.
function economicUnits() external view returns (uint256) {
    return totalSupply + totalLit * UNIT;
}

The routing lock #

The supported market is one registered $MACHINE/HYPE pool reached through an immutable canonical router, and the lock lives in the token. Every v4-style pool settles through the same pool manager, so an address allowlist cannot tell our pool from a copy. The token treats the pool manager as locked by default, and our hook unlocks it one swap at a time.

Verify it yourself #

Which generation each id is and its art are fixed before launch and committed onchain as an assignment hash. Re-run the published generator with the seed and you get the same collection, byte for byte.

What we are building on Elysium #

The launch is the first machine switching on, not the finish line. Elysium is built for high-throughput apps that settle back to Hyperliquid, and that is where the machines are going.

FAQ #

Disclaimer #

Nothing on this page is financial advice. Tokenized stocks are not available in some regions. Terms, fees and mechanics may change before launch. All figures and metrics shown here are illustrative and not final.