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Stay safe from scamsRisks
Trading new tokens is extremely risky. Most of them lose most of their value. Only trade what you can afford to lose.
- Testnet. The terminal currently runs on Elysium testnet. Test HYPE has no value, and the network itself can be reset.
- Token risk. Devs can sell, abandon a token or use hidden mechanics. The safety audit can miss things.
- Liquidity and price impact. Thin pools move a lot; you may receive much less than the current price suggests, or be unable to sell at a good price.
- Smart-contract risk. Launchpad contracts, pools and our own contracts could have bugs. Ours are open source and verified, but haven't had an external audit.
- Orders need the terminal open. They run in your browser: if you close it, they wait.
- Stop loss is a stop-limit. A stop loss never sells below the minimum fixed when you placed it (your stop price minus your order slippage). In a crash that gaps below that minimum it may not fill, and the order waits. Within your slippage, the fill can come out anywhere down to that minimum, and whoever orders the fill can keep the difference; a small slippage limits that.
- Your keys. If you lose access to your login (wallet or PIN) and your recovery code, or someone gets your private key, nobody can recover your funds.
- Network. Transactions can fail, be delayed or revert when the network is busy; you still pay gas.
Stay safe from scams
- We will never message you first, and we will never ask for your recovery code, your PIN or a private key. Anyone who does is a scammer.
- The only official places are elysiom.trade, the Telegram bot @ElysiomTrade_Bot. Check the address bar before you log in: lookalike sites copy the design to steal accounts.
- Your login wallet only signs messages that say elysiom.trade. If a site asks you to sign a Elysiom message, close it.
- Only confirm a Telegram login if you just tapped Continue with Telegram on elysiom.trade. Never confirm a link someone sent you.
- Nobody can "verify", "unlock" or "recover" your account for you. Support never needs remote access to your computer.
Nothing on Elysiom is financial advice.