Is there an Elysium airdrop or token? KNTQ, points and what's real
5 min read · Updated October 27, 2026
Every new chain brings the same question: is there an airdrop? For Elysium, the Hyperliquid L2 launching on November 9, 2026, the answer at launch is no. Here is what Kinetiq has actually said, and what that means if you want to be early.
Is there an Elysium token?
No. Elysium uses HYPE as its gas token, and Kinetiq has said there is no Elysium token or official points program for now. Kinetiq's own token is KNTQ, which existed before Elysium.
How Elysium's fees are shared
| Share of sequencer fees | Where it goes |
|---|---|
| 50% | Buys KNTQ on the open market; the KNTQ is sent to the Hyperliquid Assistance Fund and burned |
| 25% | Builders whose apps use Elysium blockspace, for user incentives and rebates |
| 25% | Kinetiq treasury, for operations |
The builders' share matters for users: apps on Elysium may run their own reward programs, trading rebates or competitions funded by it. Those come from each app, not from an Elysium airdrop.
How to spot fake Elysium airdrops
- Kinetiq has not announced a claim page. Any 'claim your ELY tokens' site is fake.
- Fake tickers named after the chain will appear on launch day. A coin called Elysium is not an official token.
- Never connect your wallet to an 'eligibility checker' from a reply or DM, and never sign approvals you do not understand.
If you want to be active on Elysium from day one, see how to launch a meme coin on Elysium and how to buy meme coins on Elysium.
Questions
Will Elysium have an airdrop?
Kinetiq has not announced one. At launch there is no Elysium token and no official points program.
What is KNTQ?
KNTQ is Kinetiq's token. Half of Elysium's sequencer fees are used to buy KNTQ on the open market, and the purchased KNTQ is burned via the Hyperliquid Assistance Fund.
How can I be early on Elysium?
Use the chain once mainnet is live: bridge a little HYPE, try the DEXs and launchpads, or launch a coin. Apps may reward activity from their builder incentives.
Is the Elysium token on Hyperliquid real?
There is no official Elysium token. Any token named Elysium is unofficial unless Kinetiq announces it on its official channels.