Elixir has announced the launch of its ELX token and an upcoming airdrop aimed at engaging the community and growing in the DeFi sector.
What is Elixir and ELX Token?
Elixir is a network designed to bring institutional liquidity to DeFi. The native token, ELX, allows participation in governance and network security. Through deUSD, a synthetic dollar, Elixir connects financial institutions like BlackRock and Apollo with DeFi, supported by a network of over 30,000 validators.
Airdrop Distribution and Eligibility
Elixir has allocated more than 40% of the total ELX supply to the community. The initial airdrop distribution is aimed at fostering engagement among early users and holders of specific roles. Users can check their eligibility using the Elixir eligibility checker. The airdrop distribution also includes special boosts for key project participants.
Network Stability Phase and Rewards
The network stability phase lasts for three months, during which participants who remain delegated can earn additional rewards. These rewards are designed to encourage long-term participant retention, allowing them to increase their initial allocation. At the end of the phase, participants who remained delegated throughout the entire period will earn "OG" status, granting them increased rewards.
With the launch of ELX and the upcoming airdrop, Elixir positions itself as a promising project in the decentralized finance sector, offering a new mechanism for participation and community engagement.
