Elixir has announced the launch of its ELX token and upcoming airdrop, aiming to transform the DeFi landscape.
What is Elixir and the ELX Token?
Elixir is a blockchain network designed to integrate traditional financial institutions with DeFi through the synthetic dollar deUSD. The network is supported by over 30,000 validators worldwide. The ELX token is used for governance and validation of the network.
Airdrop Distribution and Eligibility
More than 40% of the total ELX supply is allocated for the airdrop. The first wave of tokens has been distributed to early supporters of Elixir. Eligibility can be checked via the Elixir website. Airdrop recipients can delegate their tokens immediately upon distribution.
Stability Phase and Future Prospects
The stability phase lasts three months, during which participants will receive rewards for participation in the network. Users who remain engaged throughout the phase will receive enhanced reward rates.
Elixir offers unique opportunities to bridge traditional finance with the world of DeFi through its ELX token and synthetic deUSD currency.
