Ascend tokenomics update Buybacks are moving from 90% HYPE / 10% KNTQ to 50% HYPE / 50% KNTQ. @Kinetiq_xyz is core to how we're building on Hyperliquid. Our fee loop should reflect that. We're doubling down on the teams building Hyperliquid's foundation. Of the KNTQ purchased, 60% will be burned, 20% will deepen kHYPE/KNTQ liquidity, and 20% will fund the Ascend points program. The points program will run across multiple seasons to incentivize sustained activity on Ascend. Participation will be tracked through user profiles, with criteria including staking TVL, trading volume on Ascend, and ecosystem tokens held. This AIP reflects the allocation we believe will create the most long term value for Ascend and the ecosystem growing on @Enter_Elysium.

Cohort 02 has ascended. @vinnysos @NoblesseObl @_traderjay @klirphyy @thenursegreg @y0_berry @0xmeto_ @ThatAIFreak @0xBaseee @0xhypebae We've been taking notes of who's been supporting us. Cohort 03 is already being picked 👁️

The Ascend Litepaper is live. Stake Hype on Ascend through kHYPE, earn two streams: ecosystem tokens funded by yield, and HYPE funded by protocol revenue. No protocol token. A 1% trading fee with up to half to creators. Every dollar of protocol revenue buys $HYPE and kinetiq:native. Supporting token lifecycle from launch to Ascended listings, HyperCore spot listings, and HIP-3 Perps listings through Kinetiq. We're also giving away 10 WL spots on this tweet to people who like, RT, and tag a friend with one unique mechanism they really like about Ascend. ascendlaunch.gitbook.io/docs

Ascend is the launchpad for Elysium’s next generation of projects. Our responsibility extends beyond launch day. We think the protocol token model is broken Platform revenue can grow while the projects generating it lose liquidity and momentum. Constant rotation keeps the business earning without requiring individual projects to succeed. A protocol token adds more liquidity fragmentation. Buying it back directs revenue toward the platform’s token rather than directly supporting the projects generating those fees. We are rebuilding the launchpad model around continued investment in builders and the ecosystem. Our revenue model funds creator payouts, buybacks and liquidity support for qualifying projects, and $HYPE and kinetiq:native buybacks. The activity projects generate on Ascend create the resources to support their continued growth. Those who support us early and consistently won't go unnoticed. Hyperliquid community, this is the part of Ascend we’ve been waiting to show you. Our upcoming NFT collection introduces that part of Ascend. Free mint. 500 Ascend NFTs. Three tiers. The collection is being designed around enhanced participation in Ascend. Those who hold these will receive upside in the success of our protocol, in the form of ███████████████. We will set aside WL for KNTQ & HYPE holders, early Ascend supporters, Hypurr NFT's, Hyperliquid communities, partners, and builders. Building on Elysium or running a Hyperliquid community? DM us. We're watching those who follow our journey. 👁️