Overview

What Selinos is

The factory is the contract that holds your money. It records who owns which node, holds each node’s balance as real HYPE, and lets the owner of a node withdraw that balance directly. Around it sit three pieces of Selinos’s own infrastructure: a watcher that finds payments, a relayer that mints the node, and a distributor that credits balances.

Where the value comes from

Nothing on this site promises a return, a rate, or a payback period, because nobody can honestly promise one. What a node accrues is whatever is credited to it, and what is credited depends on decisions and volumes that have not happened yet. The risks page states this and everything else that can go wrong, without softening.

What a node is

A node is a numbered record in the factory contract, owned by the address that paid for it. Minting one writes four things on chain: the node id, the owner, the timestamp, and the hash of the payment that bought it. From then on the record also carries a balance.

• A node has an id. Ids are sequential from 1 and are displayed zero padded, so the first node is #0001.
• A node has an owner. Only the owner can withdraw from it, and the contract checks msg.sender against that owner on every call.
• A node has a balance, and that balance is real HYPE sitting in the factory against your node id. It is not an off-chain figure the operator promises to honour later. Alongside it the contract keeps totalReceived and totalWithdrawn, both of which only ever increase.
• A node is not a token. It has no transfer, no marketplace, and no price beyond what you paid. See Node model.

One wallet may hold up to 25 nodes. The contract enforces that in mintFor, and the reasoning is on Limits.

How money moves

Purchase money and payout money never meet, because they never share an address. That separation is structural rather than a rule the contract has to enforce.

1. Purchases go to a wallet, not to a contract. You buy a node by sending a plain 0.6 HYPE transfer to the payments wallet, which is an ordinary account. A watcher sees that transfer and the relayer calls mintFor(to, paymentRef), paying the gas, where paymentRef is your payment’s transaction hash. The factory never receives your purchase money and has no price to check, so there is nothing in it that could be paid back out as a reward.
2. Payouts arrive with the HYPE attached. The distributor calls creditBatch(ids, amounts) as a payable call, and the contract rejects it unless msg.value equals the sum of amounts. A balance can therefore never exist without the HYPE behind it. Anyone may also top the contract up through fund(), which adds unattached balance and credits no node.

Withdrawal needs nothing else. The node owner calls withdraw(id, to) or withdrawAll(to) from their own wallet and the contract sends the whole balance. Distribution explains what funds a round, and Settlement follows one payment from transfer to node and one balance from credit to wallet.

What Selinos is not

• It is not a staking contract. Nothing is locked, and there is no principal earning a rate.
• It is not a fund. Selinos does not manage anything on your behalf, and a node is not a claim on a pool of assets.
• It is not a token sale. There is no token. The 0.6 HYPE buys a node and is not refundable.
• It is not audited. The code is public and unaudited; see Audits.

The chain

Everything runs on Elysium, chain id 99901. HYPE is the native currency, and gas is paid in it, so you pay, accrue and withdraw in HYPE with no wrapped token. Elysium settles to HyperEVM, so a withdrawn balance is one bridge hop from HyperEVM. If your wallet has never seen this network, the dashboard offers to add it. Full details are on Requirements.

Where to go next

If you want to deploy a node, start with Quick start. If you want to understand the mechanism before spending anything, read How accrual works and then Security model.