tommy 🌙 retweeted
Ascend Deployer Program
Launch on Ascend. Earn $KNTQ.
Tokens at $100K+ market cap earn their creators 1 point for every $1 in eligible buy volume.
The top 100 tokens receive leaderboard bonuses. The higher your rank, the bigger your reward boost.
Earn points now: app.ascendlaunch.xyz/points
Appreciate the invite and great conversation with @MCGlive!
We covered a lot, but the core vision is simple:
We're building @AscendLaunch to become the launchpad and growth engine for the Elysium ecosystem.
Our focus is on bringing quality projects, real users, and long-term value to the ecosystem.
We're still early. Lots more to come 🫡
Today on MCG
$KNTQ $HYPE | @AscendLaunch w/@CryptoTomYT and @analyzationz (@Enter_Elysium ECO)
Ascend (@AscendLaunch) is a token launchpad for the Elysium ecosystem (Kinetiq’s high-speed Layer 2 on Hyperliquid)
Highlights include:
00:25 – Meet the Ascend founders, Tommy and Analyze
01:25 – How they met, from a trading group to a launchpad
02:28 – Started on HyperEVM, then Elysium was announced
03:08 – No launchpad token, KNTQ is their protocol token
04:08 – Token catalyst pipeline, how projects level up
05:09 – Strategic partner status gets 8% of Ascend revenue
06:16 – Top projects, Pocket Perps, Hyperflow
09:20 – Why build on Elysium instead of Robinhood Chain
10:46 – Getting HYPE whales to use DeFi on chain
11:47 – Core thesis, from $HYPE buybacks to KNTQ buybacks
14:13 – Why on-chain needs a wealth effect to take off
16:38 – HyperIntelligence, an AI inference marketplace
19:07 – Good projects are waiting for a better market
20:09 – The Ascend vs Mantra drama on @fomo
23:35 – Both teams say they can coexist
26:42 – What’s next, NFTs and boosted staking yield
28:25 – Points program, farm Ascended points to earn KNTQ
29:26 – Closing
Shout out MCG & @mynt_josh for having us, was a great chat!
Tomorrow on MCG
$KNTQ, $HYPE | @AscendLaunch w/@CryptoTomYT
📅13th November, Friday
🕛1:00PM EST
📍Tune in here
Stream presented by @fomo and @MetaDAOProject
tommy 🌙 retweeted
The vision and plan for @AscendLaunch remain unchanged.
A few things a launchpad needs to build a sustainable ecosystem:
1. Ecosystem buybacks.
Projects bring users, volume and fees into a launchpad. Some of that value should flow back into supporting those projects.
If all the buybacks go toward the launchpad’s own coin, the projects generating that activity don’t directly receive that support.
With Ascend, we provide two forms of buybacks for eligible ecosystem projects: staking yield and protocol buybacks.
Staking yield brings in buying power generated by HYPE stakers. Protocol buybacks direct value generated by the platform back into ecosystem projects.
One is tied to staked capital. The other is tied to protocol activity. As those grow, the capacity to support projects can grow with them.
The point is to connect the growth of Ascend to support for the projects building here. Builders should have a reason to stay and keep building after launch.
2. No separate launchpad token.
A launchpad token creates another place for liquidity to go. The projects launching on the platform end up competing with the platform itself for attention and capital.
It can also become the benchmark people use to value everything launching under it. I don’t want people deciding how big a project on Ascend can get based on the market cap of an Ascend coin.
Projects should have room to run and build their own value. If a project launched on Ascend becomes bigger than Ascend itself, that is a win for the ecosystem. That is why we chose not to create a separate Ascend token.
3. New capital coming into the ecosystem.
This is where I think the biggest opportunity is. Utilizing existing HYPE staking yield and rewarding stakers for allowing that yield to support the ecosystem is game changing.
HYPE holders can participate while keeping their HYPE exposure. Their yield introduces buying power beyond the launchpad’s own trading activity.
This is why growing staking TVL matters. It expands the capital base generating that yield. Our staking incentives are designed to bring more of that capital in, support projects over time, and make Ascend a stronger place for serious builders and traders to participate.
Utilizing the rails of Hyperliquid is important, and Ascend is built around doing exactly that.
tommy 🌙 retweeted
Tomorrow on MCG
$KNTQ, $HYPE | @AscendLaunch w/@CryptoTomYT
📅13th November, Friday
🕛1:00PM EST
📍Tune in here
Stream presented by @fomo and @MetaDAOProject
Here's some light into the situation going on within the Elysium ecosystem.
On behalf of myself and the rest of the @AscendLaunch team, we are sorry for the division we've caused among the chain. We want to make things right, I know many people have lost belief in the success of the entire ecosystem due to the drama, but we want to build that trust back.
It's only been 2 days since this chain went live, let's not write this off. CT has been so quick to dismiss this due to all the drama understandably, however, on the flipside, seeing @Kinetiq_xyz and @Enter_Elysium team bring over many large integration partners to Elysium, the first Hyperliquid L2 makes me proud to be building on top of Elysium where there's all this massive support from a very well connected team who's already built one of the largest HyperEVM protocols.
The vision and narrative for Elysium is a massive one, and the capabilities for products building with the Hyperliquid stack is quite unique and massive with the infrastructure provided by Elysium with precompiles coming soon as well.
We've made a major step out of line here, and as I've mentioned before, there will be mistakes made, but we will remain transparent, and build towards our grand vision of building a launchpad that gives full value back to the ecosystem it is building on & reward users.
We apologize to everyone in the Elysium community, our partners, my friends who've supported me, and everyone who's supported Ascend. We will continue showing up daily to make sure Elysium & Ascend win, and will work hard to build all the trust back.
Grow the pie.
Consider this my official response to Spinor and the @AscendLaunch community.
For those who don’t know me, I’m Analyze. I handle a lot of the GTM for Ascend and the strategy behind how we operate. I want to explain what happened and take responsibility for the decisions I made.
The plan to buy Montra’s token was mine alone. None of the team had any involvement with the making of this decision. A day or two before launch, I loaded $100k into a wallet to buy a position. I viewed it as a business move for Ascend as companies often buy stakes in competitors in a form of strategic investment. I viewed buying Montra in a similar way. If you were to ask me if I'd buy $100k again, I would say it's a free and open market. These tokens were purchased fairly after the token launch, anyone could've done the same. Any market participant is free to do as they please with their investments.
After hearing about the purchased Montra tokens, a close friend of mine created a FOMO wallet and suggested I send the tokens there. A lot of the comments were ran by me prior to being posted and I did nothing to stop it. I went along with it and enabled it to continue, so I’m just as much to blame. It was extremely unprofessional on my end and I'm very deeply sorry for enabling this. There was some unexpected events on launchday that took place that definitely caused me to make some irrational decisions.
What's even worse is I pushed Tommy to get even more supply, which he initially objected. So I also wanna publicly apologize to Tommy, the rest of the Ascend team, and the community. My decisions put you in this position, and I feel that responsibility. I know one post doesn’t earn trust back. That has to come from what I do next for Ascend and what we deliver to all you guys.
I wish all parties the best of luck. We’ll keep building on Elysium and working to make onchain better and more fun for everyone.
Security incident: malicious link posted in Ascend server
Earlier this morning, a permissions misconfiguration on our side allowed members to post links and create events.
This was our mistake. The permissions should never have allowed it, and we're sorry.
What we've fixed:
• Link posting and event making is now locked down.
• The malicious message was removed and the account that posted it was banned
The Ascend contracts and site were not affected. This was a phishing link posted in Discord, not an exploit of the protocol. Funds are only at risk if you clicked the link and connected a wallet or signed something.
Going forward
• The team will never DM you first, never ask for your seed phrase, and never ask you to "verify" or "sync" your wallet
• The only official links will be on @AscendLaunch and ascendlaunch.xyz
Thank you for your patience, and again, we're sorry. If you have questions, please reach out to me or open a ticket in Discord
I just got my wallet drained after clicking a link on @AscendLaunch on Discord
@CryptoTomYT i really hope you can look into this
please be careful with the links being shared there because apparently anyone can tag everyone and thats how i ended up clicking one of them
i know its my fault and i shouldve been more careful before connecting my wallet its really fuckin sucks losing my funds like this and honestly i dont even know what to do right now
im just hoping theres still a chance i can get some help with this or maybe recover something im not trying to blame anyone i just dont want other people to go through the same thing
if theres anything the team can do to help me out id really appreciate it 🙏
We have a chance to build something special on Elysium. Let’s not ruin it.
We finally have a scalable solution for Hyperliquid and the first value accruing L2 in history, with access to the tools and infrastructure that make Hyperliquid so powerful. The products we build and the activity we bring in can create enormous value for this ecosystem and its native tokens.
Please keep the toxicity off Hyperliquid and Elysium. It’s literally day one. Leave that energy on other chains.
Grow the pie.
e/acc
tommy 🌙 retweeted
If you actually been following Tommy for a bit now, then you know the type of character he is. He is the last person to grift in this space.
Matter of fact, he don't even need to be doing all this. Bro can genuinely just retired from this space. Literally doing it for the love of the game. No other founder I trust more in this space than him.
Appreciate this a lot ika, one thing I can assure everyone is I'll continue to show up every day, even during the darkest times.
I've been in crypto since ~2021 where I was blasting alts shilled on YouTube channels, turned ~100k to ~500k and roundtripping it all to a loss during NFT's, went from being a top signal aping the pico top of Pepe for over a year to being a high conviction trader helping run some trading groups like @DigiWorldd & @VersusFNF, to now being a co-founder of @AscendLaunch with a mission to change the standards of the entire industry.
Our vision for Ascend is to raise the standard for how crypto projects should be operating. Rather than coming from a perspective of extraction, we want the industry to give value back to the ecosystem.
It's not an easy feat, and we've gotten laughed at many times, fudded many times, but we're here to work on that vision. There will be plenty of mistakes we make along the way, issues we have to deal with, FUD, but I can promise we will show up day after day.
As someone who's been trading actively in the markets for multiple years, the pivot to being a founder has not been easy whatsoever, but I'm up for the challenge. Our team's background as 7-8 figure traders & running top FNF's & trading groups means we've seen all the extraction that has happened in the space, and we want to make a change here.
Value should go back to those who empower protocols, in our case, traders, builders, and stakers.
We've built our entire launchpad around aligning incentives for participants & the ecosystem we're building on.
Directing a majority of our protocol fees towards $HYPE & $KNTQ buybacks with no protocol token of ourselves, rewarding stakers with our HYPE program, helping teams by giving them a catalyst pipeline supported by buybacks + subsidizing costs for HyperCore spot listings, working with @Kinetiq_xyz to get tokens listed on HIP-3 perps, and even past that giving additional liquidity to top teams.
Stakers want to receive more $HYPE, so that's what we give them.
Traders want PvE coins, so that's what we give them.
Builders want their tokens to do well, and additional resources to help bring their product & vision to life.
Those who know me know that my trading style is that of high conviction. Never have I been more convicted on any thesis than what we're building at @AscendLaunch. Bring value back to the ecosystem, make PvE plays exist again, and let every participant win.
I'm confident in our team and vision, let's change this industry for good.
Ascend to Elysium.
Appreciate this a lot ika, one thing I can assure everyone is I'll continue to show up every day, even during the darkest times.
I've been in crypto since ~2021 where I was blasting alts shilled on YouTube channels, turned ~100k to ~500k and roundtripping it all to a loss during NFT's, went from being a top signal aping the pico top of Pepe for over a year to being a high conviction trader helping run some trading groups like @DigiWorldd & @VersusFNF, to now being a co-founder of @AscendLaunch with a mission to change the standards of the entire industry.
Our vision for Ascend is to raise the standard for how crypto projects should be operating. Rather than coming from a perspective of extraction, we want the industry to give value back to the ecosystem.
It's not an easy feat, and we've gotten laughed at many times, fudded many times, but we're here to work on that vision. There will be plenty of mistakes we make along the way, issues we have to deal with, FUD, but I can promise we will show up day after day.
As someone who's been trading actively in the markets for multiple years, the pivot to being a founder has not been easy whatsoever, but I'm up for the challenge. Our team's background as 7-8 figure traders & running top FNF's & trading groups means we've seen all the extraction that has happened in the space, and we want to make a change here.
Value should go back to those who empower protocols, in our case, traders, builders, and stakers.
We've built our entire launchpad around aligning incentives for participants & the ecosystem we're building on.
Directing a majority of our protocol fees towards $HYPE & $KNTQ buybacks with no protocol token of ourselves, rewarding stakers with our HYPE program, helping teams by giving them a catalyst pipeline supported by buybacks + subsidizing costs for HyperCore spot listings, working with @Kinetiq_xyz to get tokens listed on HIP-3 perps, and even past that giving additional liquidity to top teams.
Stakers want to receive more $HYPE, so that's what we give them.
Traders want PvE coins, so that's what we give them.
Builders want their tokens to do well, and additional resources to help bring their product & vision to life.
Those who know me know that my trading style is that of high conviction. Never have I been more convicted on any thesis than what we're building at @AscendLaunch. Bring value back to the ecosystem, make PvE plays exist again, and let every participant win.
I'm confident in our team and vision, let's change this industry for good.
Ascend to Elysium.
I always knew tommy was a G. I remember him trading on fomo at the bottom of the cold bear market, and I’ve always respected people who stayed active when things were at their ugliest.
I also know that, beyond the kinetiq team, he’s been the chain’s biggest voice since weeks before it even went live, and I respect that.
Still, I wanted to keep an open mind and believed there was room for multiple launchpads, the same way both pong and long had their segment of the robinhood market.
Maybe it’s because my account has grown steadily and put me in touch with more people than before, but I’m honestly baffled by the level of extraction on this chain rn (same with solana obviously)
Everybody’s paid, and everybody’s fine with the crime. The meme doesn’t matter, the ticker doesn’t matter, the builders doesn't matter, the bundles doesn’t matter, the community doesn't matter. Just print some green candles and larp about your trades PNL while the project tops up your buys in the background. Funny how fast principles vanish once there’s an “easy 5x” on the table.
I do not do paid deals, I ain't anybody's bitch. I’d love to have no morals, take every $$$ available, spam the timeline on coins i got free money and be 10x richer by now. But I just can’t. That’s not how I was raised.
Anyway, I won’t talk about any launchpad on elysium other than ascend for the time being.
Ascend deserves to win.
Tommy deserves to win.
GL.
tommy 🌙 retweeted
Ascend is officially live on @Enter_Elysium mainnet.
You can now bridge funds, swap tokens, stake, and launch your own token on Ascend.
Ascend to Elysium.
app.ascendlaunch.xyz/
Ascend Community. We are deeply sorry for the delay in rolling out the full website.
Our site was hit with a coordinated DDoS attack early this morning that lasted 8 straight hours and set us back quite a bit. We needed extra time to put additional protections in place to help prevent this from happening again.
We’re working to make sure everything rolls out smoothly, including staking and the Ascend Points Program.
We built this program to reward creators who are serious about building projects that last. If you’re putting in the work to grow your project and build a community around it, we want to reward that.
We’re also taking extra care with the staking rollout. We take security very seriously, and that’s part of why we’ve needed a little more time. Really appreciate you guys being patient with us.
We are close to Ascending.
Extremely sorry for all the delays to the functionality of the @AscendLaunch web, the DDoS attack earlier today set us back quite significantly.
We're working on bringing full functionality back to the website, will update more updates as we get them.
Real, we need the leaders at the forefront of chains to be giving value back to the ecosystem rather than extracting from it.
Our whole model at @AscendLaunch is to bring value to $KNTQ via 80% of our buyback allocations (90% protocol rev) going to $KNTQ, and 20% going to $HYPE.
Having no launchpad token of our own allows us to support tokens launched through Ascend on a much deeper level than launchpads with their own tokens where liquidity is fragmented between runners and the launchpad token itself.
We also support tokens with an entire pipeline of catalysts from Ascended listings -> HyperCore Spot -> HIP-3 Perps by Kinetiq -> Ascend Strategic Partner.
As a whole, I hope the Elysium & crypto community realize that value needs to accrue within the ecosystem it came from rather than be extracted from it.
We want to create the PvE environment that everyone loves, return to tradition, make onchain great again.
A value-accretive model needs to be accepted globally if we are to move forward as an industry.
e/acc
extractors took over solana, rh, and all other chains. 95% of activity on those chains is driven by extractors.
hopefully, Elysium brings back a much needed PvE onchain szn. I'm betting it will. hyperliquid’s culture has always been rooted in PVE, with strong community alignment.
I had conversations with @CryptoTomYT about this several months ago, when he decided to pivot from trading to building @AscendLaunch alongside a few other cracked, $hype maxi devs
It’s clear the main intention isn’t to max extract like what's happening on other chains, but to be the change they want to see onchain
e/acc
tommy 🌙 retweeted
Ascend generated $188.3K in protocol fees during private testing alone.
Creators earned $98,448 in fees and have already received $66,730 of that total with our dynamic fee structure protecting traders & empowering builders.
We’ve set aside $62,191 to buy back $KNTQ once liquidity is fully seeded on Elysium, plus $15,548 for $HYPE buybacks.
Tomorrow, we Ascend to Elysium.
Laziness, or lack of DD into new narratives can be extremely costly.
I've always been an avid fan of participating in novel chains, experiments, games, etc.
So many are fading Elysium still, but once everyone realizes the potential, it will all have been seen as so obvious in retrospect.
@AscendLaunch will be the home of PvE plays.
e/acc
laziness cost me 10M+ on $PONS and another 8M+ on $AI at ATH prices.
I remember seeing $PONS at a 90K mcap when @remusofmars aped in, but I didn't bother looking into it. I was too caught up in how bad market conditions were at the time and thought we didn't need another L2
then @theunipcs hard shilled $PONS with his full thesis at 4M, and I still faded it
It ended up being an 8fig fumble. same story with $AI
the opportunity cost of laziness can be extremely expensive.
don't let laziness or your own biases stop you from seizing new opportunities when they present themselves.
Elysium could be another L2 flop, but if it isn't, you miss out on millions.
E/ACC
Genuinely speechless, all these crazy developments happening is absolutely insane for the @Enter_Elysium trenches
@AscendLaunch will become the home of PVE plays.
Huge respect to @smartestmoney, one of the legends & a top holder of $HYPE & kinetiq:native.
e/acc
one of the biggest players in the entire Hyperliquid ecosystem has officially entered the Elysium trenches
for those who don’t know, @smartestmoney is one of the largest $HYPE holders out there. This is the guy who’s on track to make a BILLION dollars off a single trade
welcome to the e/acc arena, @smartestmoney
PSA to all of the Ascend and Elysium community.
I keep seeing a lot of posts about the friction Ascend created when we launched so I wanna speak on that myself. If I’d spent weeks getting a community off the ground and woke up to a copy of our coin trading on Ascend, I’d be pretty annoyed too. So I do see where a lot of your guys frustration comes in. Stay with me here.
Ascend is a fully permissionless launchpad. Anyone can go on the site and launch whatever they want without talking to me or anyone on the team. We never set out to vamp another project or pull people away from a community they’d already built.
One of the coolest parts of this past week has been seeing people rally around Blob, e/acc, chameleon. Some not launched on Ascend, and I’m still hyped to see it. Elysium hasn’t even officially launched yet and people already have a community here they care enough about to defend. These are the vibes we need to bring back to crypto.
A lot of you guys know me from when I was apart of Azuki community. Half the time you knew who was tweeting just from their PFP. I miss that. In crypto now it feels like people are already asking “what’s next?” before they’ve even gotten to know the people in the coin they just bought. A big reason we built Ascend was to keep supporting projects after launch and give those communities time to grow.
I also want to clarify about why we were quiet when trading started. We were asked to hold off on saying Ascend was live during private testing. The plan was always to deploy on Elysium early so we could test the protocol and integrate partners ahead of November 9. People figured out how to bridge in and started trading. We can't control who bridges in, but I also get how it looked from your side. You could see trades going through and you hadn’t heard a word from us.
The Ascend model is fully built on giving value back to you guys. We believe that to many top protocols in the space rip so much value from the ecosystem and give very minimal value back. Ascend wants to make the change that we all wanna see happen so bad in our industry.
The team and I have put a lot of late nights into Ascend. I’m proud of what we’ve built and I can’t wait for you guys to get your hands on the full product when Elysium officially launches on November 9.
I still don’t like the way @AscendLaunch decided to launch.
But the more I look at the bigger picture, the more I think they’re actually playing the right game.
They’ve always made it clear that their goal is to help tickers reach Hypercore.
And unlike other launchpads, they don’t have their own token to pump.
Their fees go towards kinetiq:native buybacks, directly aligning their success with the ecosystem.
No token means a much higher ceiling for coins on the pad and no need to overmilk launches and endless pvp just to generate fees and keep their own project alive. It’s just a nice add for kinetiq:native.
Also, you can clearly see the difference between teams spending their cash on KOLs and teams actually using it to secure Hypercore tickers and contribute to the ecosystem.
I genuinely think securing the Hypercore ticker for $e/acc was a genny move.
Especially considering that despite everyone FUDding the launch, the coin barely dipped.
Outside of the big hands, almost nobody has an average entry below $700K–$1M mcap.
I think there’s still a lot of room to run.
Of course, it all depends on whether Elysium actually cooks, but so far, things are looking pretty good.
I’ll probably buy a dip on the 9th if we get one.
$e/acc