The La Ronda Rulebook

R·01Current scope#

Network

Elysium, chain 99901, gas paid in HYPE

Launchpad

Montra

Ticket token

$RONDA only, for now. Address published at launch

Draw

Daily. Round closes 00:00 UTC, drand quicknet beacon

Prizes

Paid in HYPE, claimed on the La Ronda page

Extra fee

None. You pay only the Montra swap fee of $RONDA

Numbers on this page come from the published rules and the deployed contracts as of the date above. Each diagram explains the text beside it, and the text is the specification.

R·02How it fits together#

La Ronda has no router and takes no extra fee. Tickets come from swaps that already happen, the pot comes from $RONDA’s creator fee, and the randomness comes from drand.

R·03Play in 30 seconds#

No sign-up and no ticket purchase. Tickets and points come from trades you make anyway.

1. Trade $RONDA

   Buy or sell $RONDA on its Montra pool, through any app.

2. Collect tickets

   Every 1 HYPE of swap value in the day, buys and sells alike, is 1 ticket. The day’s volume is added up, then rounded down.

3. Hold through the last four hours

   Hold at least 1,000,000 $RONDA (never more than 1 HYPE worth) from 20:00 to 24:00 UTC, or that day’s tickets do not count.

4. The round closes at 00:00 UTC

   The ticket list is frozen and committed on chain before the draw.

5. Claim

   If you win, open the La Ronda page and press Claim to receive HYPE.

6. Earn points too

   Trading also earns season points, which may later turn into $APEXX. See points.

R·04Tickets#

A ticket is 1 HYPE of $RONDA swap volume in one round. Price does not matter, only volume does.

• Rounding: 1.999 HYPE is 1 ticket; two swaps of 0.6 HYPE are 1.2 HYPE, also 1 ticket.
• Holding rule: your time-weighted $RONDA balance from 20:00 to 24:00 UTC must reach min(1,000,000 $RONDA, the amount worth 1 HYPE at the round’s average price).
• Who gets the tickets: the wallet that sent the transaction (tx.from). Version 1 does not count transactions sent through the ERC-4337 EntryPoint.
• Splitting does not help: 10 wallets with 10 tickets each have exactly the chance of 1 wallet with 100.
• Tickets only count in their own round. They do not roll over.

R·05A round, hour by hour#

A round is every swap with a block time from 00:00 UTC one day to 00:00 UTC the next. Everything that decides the result is fixed before the randomness exists.

1. Close

   At 00:00 UTC the round closes. The indexer builds the ticket list from the pool’s Swap events and the holding rule.

2. Commit

   The ticket root, total tickets, volume, fee level and a hash of the raw ticket file go on chain with commitTickets. The contract refuses a commit after the 30-minute deadline. A round not committed in time is not drawn, and its money carries to the next round.

3. Draw

   Anyone can call draw with the drand quicknet signature for the set round. The contract checks the BLS signature through Elysium’s EIP-2537 precompile and refuses a wrong one. The seed is sha256 of the signature.

4. Pick winners

   Each of 11 slots maps to a ticket position: keccak256(seed, round, slot) mod total tickets. Slot 0 is the grand prize, slots 1–10 the small prizes. Draws are with replacement, so one wallet can win several slots.

5. Claim

   The winner, or anyone on their behalf, calls claim with a Merkle proof. Money always goes to the winning wallet. After 30 days, unclaimed prizes are swept into the jackpot.

Rounds are drawn in order. If nobody draws for 30 days, anyone can call escape, which sends the balance to an address fixed when the vault was deployed.

R·06Prizes and the jackpot#

Each round pays one grand prize and ten small ones from the round pot, and feeds a jackpot that grows across days.

R·06.2The jackpot

• It grows from the 20% share, from any pot above the day’s round pot, and from unclaimed prizes.
• A hit pays min(jackpot, 50 HYPE in beta) to the wallet drawn for slot 254.
• The chance of a hit is min(1, room ÷ hit amount), where room is the payout cap minus the prizes already paid that round. Higher volume means a higher chance. The La Ronda page shows today’s chance.
• After a hit the jackpot starts building again.

R·07Where the pot comes from#

Montra charges a fee on every $RONDA trade. 0.40% of the volume is Montra’s protocol fee; the rest is the creator fee, and it goes to an ApexX contract that splits it.

R·07.1The payout cap

Each round pays at most a fixed share of that round’s $RONDA volume, set by the fee in force: 2.61% at a 5% fee (pot 2.28%, points 0.33%), down to 0.97% at 1.8%. Example: 1,000 HYPE of volume on a 5% day lets the pot pay at most 22.8 HYPE, before the beta cap of 5 HYPE. What is left over adds to the jackpot.

The volume used for the cap is the lower of what the indexer reports and what the creator fee that actually reached the vault can prove, so the committer cannot raise the cap by over-reporting. Why the cap is set where it is.

R·08Verify without us#

You can re-run any round from public data. You do not need an ApexX server.

1. Get the swaps

   Read the $RONDA pool’s Swap logs for the round’s time range from any public Elysium RPC, and the tx.from of each transaction.

2. Rebuild the list

   Rebuild the ticket entries and the Merkle root. The root must match the one committed on chain. The raw ticket file is published at commit time, on a public repository with an IPFS copy, and its hash is the dataHash committed on chain.

3. Get the beacon

   Fetch the set drand round from api.drand.sh or any drand server, and take seed = sha256(signature).

4. Re-draw

   Compute the 11 winning positions and the jackpot roll. They must match the contract’s events. The La Ronda page has a “Verify without us” button that does this in your browser.

R·09$RONDA and $APEXX#

Two tokens. $RONDA is the game token. $APEXX is the main token, launched only after the points program ends.

No emissions and no minting after launch for either token. Every reward is HYPE from real fees.

R·10Points and seasons#

Points are earned for one month only: two seasons of two weeks. Then $APEXX launches and the points program ends. La Ronda keeps running every day.

• Base points = volume × fee (in basis points) × early factor. This table is public.
• Hidden bonuses (daily streak, holding $RONDA, LP, referrals) are secret until the season ends, and together never exceed 1.25 × base points.
• Secret but fixed: a hash of the formula goes on chain at the start of each season, so it cannot change mid-season. A points table per wallet is published weekly, and the formula is revealed at the end so anyone can recompute it against the hash.
• No per-wallet cap, because splitting across wallets gains nothing. Points cannot be transferred. Team, creator and contract wallets earn no points, and the team has publicly committed not to farm.

R·11$APEXX launch and airdrop#

One launcher contract does the whole launch in a single transaction, so a sniping bot cannot get in between.

1. Launch

   $APEXX is launched on Montra at the 2% tier.

2. Creator buy, locked

   4.9% is bought for the creator and sent straight to a lock that vests over 90 days, below Radar’s 5% creator-buy flag.

3. Points fund buy

   The points fund buys 10% of supply at the earliest price, for points holders. If the fund is short, the team covers the gap from its own share.

4. Fee recipient set

   $APEXX’s creator fee goes to a split contract that cannot change its recipient: 50% to points holders for the first 30 days, then to stakers for good; 50% to the team.

R·11.1What points holders receive

• At least 10% of $APEXX supply, plus any HYPE left in the points fund, which can only be used to buy $APEXX for the airdrop.
• 50% of $APEXX’s creator fee for its first 30 days, paid in HYPE.
• Shared by points from both seasons. Tokens unlock evenly over 30 days, straight into staking; unstaking takes 7 days.
• If $APEXX does not launch within 6 months after Season 1 ends, the points fund’s HYPE is paid out directly by points. This rule sits in the fund’s contract.

Not yet verified: whether Montra lets a contract launch a token and buy in the same transaction. This is tested on a fork first.

R·12Why farming the pot loses#

Swapping back and forth only for tickets costs more than the pot can ever return per HYPE, for outsiders and for the team.

Pushing the price does nothing, because the result does not depend on price. If you already trade $RONDA, tickets and points are a free extra. If you trade only for tickets, counting the pot alone you lose on average. Points may make up for it if $APEXX has value, and nothing guarantees that.

R·13What you have to trust#

Who holds which power, and what each one can and cannot do. Every team wallet is public.

R·14What can go wrong#

Results are random. The only way to a better chance is more tickets.

R·15Parameters#

Every value in this guide, and its status.

R·16Contracts#

Deployed on Elysium (chain 99901). Check the address before you sign anything.

R·17Glossary#

Montra

The Elysium launchpad where $RONDA trades. It charges the swap fee, keeps 0.40% of volume, and passes the creator fee to the token’s fee recipient.

RondaFeeSplit

$RONDA’s fee recipient. It splits the creator fee between the pot, the points fund, the staker vault and the team.

RondaVault

Holds the pot and the jackpot, takes the daily commit, checks the drand beacon, picks winners and pays claims.

Indexer

Reads the pool’s Swap events after each round, applies the holding rule and builds the ticket list. Its committer key signs the daily commit.

drand quicknet

A public randomness network run by independent organisations. A new beacon every 3 seconds; the vault verifies its BLS signature on chain.

Round pot

What one round pays in prizes: the lowest of the pot balance at commit, the payout cap and 5 HYPE in beta.

Payout cap

The most a round pays, as a share of its volume: 2.61% at a 5% fee, 0.97% at 1.8%.

Points fund

Receives 10% of $RONDA’s creator fee until day 27, and buys $APEXX at launch for points holders.

Staker vault

Builds HYPE for $APEXX stakers from day 0 and pays out once $APEXX launches.