$ELYSA
Casino fees flow into the Reserve, and the Reserve backs every $ELYSA. You can always redeem at 98.5% of the backing. The backing grows every time someone plays.
Redeem at the floor
You hold – tELYSA
Testnet: tELYSA is a stand-in held by the team for testing, so you can watch the backing but not redeem yet. The first redeem asks your wallet to approve the tokens (one extra step). Redeemed tokens are burned for good.
How the floor works
From mainnet, 70% of every casino fee goes in. Before $ELYSA launches it simply fills up, so the token starts with backing. On testnet the Reserve holds test HYPE sent in by hand.
HYPE in the Reserve divided by every $ELYSA not burned, including locked and unsold tokens, so unlocks never lower it.
Hand in $ELYSA, get 98.5% of its backing in HYPE. The 1.5% left behind lifts the floor for everyone who stays.
HYPE only leaves the Reserve through redemptions. Nobody can change the rules.