Elixir is set to launch its ELX token, aimed at integrating traditional financial institutions with decentralized finance (DeFi).
What is Elixir and the ELX Token?
Elixir is a blockchain network designed to bring institutional liquidity to DeFi. Through the synthetic dollar deUSD, it connects financial institutions like BlackRock and Apollo to the DeFi ecosystem. The network's main token, ELX, powers governance, network validation, and consensus.
Tokenomics and Airdrop Distribution
Elixir's tokenomics revolves around a distribution plan that supports project security and sustainability. 41% of tokens are earmarked for the community, including 8% for the initial airdrop. 22% is allocated for the DAO foundation, while 15% is for early investors. Users can check their airdrop eligibility on the Elixir website.
Future of the Elixir Network and Role of ELX in Governance
Elixir focuses on deUSD implementation, allowing financial institutions to engage in DeFi. Backed by major institutions, the network has the potential to adapt to traditional and decentralized finance integration. ELX also plays a key role in network governance, enabling holders to partake in decision-making and project development.
The ELX token and its airdrop distribution highlight Elixir's aim to transform the DeFi landscape, offering new opportunities for users and institutional investors.
