Elys Network · Thank you for making Elys N...

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Thank You for a Successful Raise! From the team at Elys Network, we wanted to extend a special thank you for making Elys Network's public sale a tremendous success! We sold out the whitelisted sale in under 10 minutes, and are well over 100% of our funding target for this sale. With just over 30 hours remaining in the sale, we will allocate additional tokens as needed for any new investors wishing to join the sale. The community is buzzing, as we've received over 2.4 million impressions on X this week, smashing our previous records. More Big News! This week, we finalized contracts with two major centralized changes, a major milestone for Elys Network! The $ELYS token will be available on these exchanges shortly after our main net launch. Speaking of main net, we are making our final technical preparations for Elys Network's blockchain and webapp to go live, so please follow us on our socials as we'll be announcing that launch date very soon! We look forward to continuing this amazing journey with you, and we are always grateful for your support! Sincerely, Hesham Aly Elys Network Co-Founder

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Dec 6

2024

Thank you for making Elys Network's public sale a success!

Thank You for a Successful Raise!
From the team at Elys Network, we wanted to extend a special thank you for making Elys Network's public sale a tremendous success! We sold out the whitelisted sale in under 10 minutes, and are well over 100% of our funding target for this sale. With just over 30 hours remaining in the sale, we will allocate additional tokens as needed for any new investors wishing to join the sale. The community is buzzing, as we've received over 2.4 million impressions on X this week, smashing our previous records.

More Big News!
This week, we finalized contracts with two major centralized changes, a major milestone for Elys Network! The $ELYS token will be available on these exchanges shortly after our main net launch. Speaking of main net, we are making our final technical preparations for Elys Network's blockchain and webapp to go live, so please follow us on our socials as we'll be announcing that launch date very soon! We look forward to continuing this amazing journey with you, and we are always grateful for your support!

Sincerely,

Hesham Aly
Elys Network Co-Founder

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1 year ago

Hay there, i was looking at testnet stats and looks like you might have a bot issue.

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@bidur-shiwakoti Thank you for being a part of the Elys Network Community! Since the launch of incentivized testnet in March of this year, users all around the world joined to participate and provide feedback. We partnered with Bonus Block to track participation for airdrop rewards, which included multiple social verifications. Our engineers flagged unusual bot activity linked to some wallets, which is typical in any testnet where users may try to receive extra rewards by running multiple wallets. This is sometimes referred to as "sybil" airdrop farming.

To guard against this type of activity, we partnered with Humanode, an industry-leading human verification platform backed by major investors like Republic Capital and Crypto.com Capital. To be properly confirmed as a real participant, users completed a biometric verification through Humanode, which ensured an actual human was linked to a wallet address. As a further security measure, we included NFT mints to confirm participation in the testnet, and today those NFTs are among the most popular NFTs on Stargaze Marketplace.

We didn’t just defeat the malicious bots in testnet; we will defeat them in main net, too. With our order scrambling, sorting, and matching algorithms, bots will be unable to front-run any trades on Elys Network. There’s even some good news from that attempted sybil activity; any bot activity helped to stress test our chain, so we can confirm we are ready to take on millions of users! In the future, “good” bots can be deployed for the rollout of AI features, or for user-requested features like copy trading or portfolio rebalancing. We’re excited about those features coming in 2025! Thank you again, and we look forward to having you with us providing more feedback on our journey.

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