Alisa Davidson
Post: March 6, 2025 2: 5 AM Update: March 6, 2025 2: 5 am
Edit and fact confirmation: March 6, 2025 2: 5 am
simply
ELIXIR announces the default ELX token and introduces a qualification tester to the upcoming AirDrop to select users, community members and Defi participants to check the token allocation.
The distributed network focused on improving the liquidity of the exchange, and Elixir announced the launch of the default ELX token with the upcoming AIRDrop. This allows users, community members and decentralized finance to review token allocation.
ERC-20 token ELX plays an important role in the Elixir ecosystem by promoting governance and securing network consensus. Traditional financial institutions that manage billions of assets already operate validation and emphasize the reliability of the network.
41%of ELX’s total supply is booked for the community, which affects the growth and direction of the network. The distribution includes 8%assignment to the first air drop, 21%for future air drops and liquidity providers (LP) incentives, and 12%for public network security compensation through staying and delegation. Locked tokens cannot be stored.
Additional allocation includes 22%of the DAO Foundation, 3%of liquidity, 15%for investors, and 19%for key contributors.
The token release schedule depends on the category. The initial air drop allocation is unlocked at the Token Generation Event (TGE), and half of the AirDrop allocation is unlocked for six months in a year. LP incentives are gradually unlocked over four years, while validation compensation is released over 20 years, reducing logs. The DAO Foundation has 25% unlocked from TGE, one -year cliffs and four -year linear vests. Investors face a one -year lock and face a two -year linear investment period. Liquidity is completely unlocked from TGE, while key contributors experience a one -year lock and then experience a three -year linear vest.
Early ELX Air drop
More than 40% of the total ELX token supply has been assigned to the community and 22% are booked by the DAO Foundation. Much of the air drops were distributed in the initial ELX allocation in a structurally potion holder. APOTHECARY holders received 7%of the total supply, 0.40%for community contributors, Elixir Electric Bazaar N.
The ApoTheCary token distribution followed the linear model, and the return rate has been slightly reduced as the quota increased. Specifically, the S3 potion holder was 2.75%, the S2 holder was 3.00%, and the S1 holder allocated 1.25%. The first 30,000 S3 potions were distributed linear and the additional allocation was slightly reduced X^(1/14). Similarly, the first 10,000 s2 potion was assigned linearly, and the additional distribution was adjusted at the speed of x^(1/13). The S1 potion distribution was completely linear.
Special allocation boosts have been provided to specific community groups such as Dewhales and Turtle Club members, which has been increased by 20% compared to standard 10% recommended boosts. In addition, the total value lock (TVL) snapshot, which was taken on February 28, improved 30%for users who had funds in the protocol. However, only 37.5 ELX allocated users can be distributed.
The user can confirm the qualification by connecting the EVM address on the platform. Qualified people can manage ELX allocation when the token launches. All Air drop recipients are initially delegated to the ‘Elixirfoundation’ validation, but you can modify the delegation at any time through the “Validators” page of the platform. Withdrawal is provided immediately, and for three months the user has an option to redefine his token with another validation test. Those who maintain delegations in the network decentralization stage for this three months can double the initial ELX AIRDrop allocation.
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About the author
Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.
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Alisa Davidson
Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.
More