Elixir, a network aiming to integrate traditional finance with DeFi, has announced its ELX token launch and forthcoming airdrop.
What is Elixir and ELX Token?
Elixir is a blockchain network designed to bring institutional liquidity to DeFi. Through the synthetic dollar deUSD, Elixir connects traditional financial institutions to the DeFi ecosystem. The ELX token powers governance, network validation, and ensures consensus.
Token Distribution and Airdrop Participation
The ELX token distribution is carefully planned to ensure the project's security and sustainability. 41% of the total ELX tokens are allocated for the community. The airdrop begins with token distribution among Apothecary potion holders and active community contributors.
Network Stability and Role of ELX
Elixir's network stability phase will last for three months, during which participants who remain staked will earn additional rewards. This phase aims to encourage long-term participation and network stability.
The launch of ELX and the airdrop highlight Elixir's goals to integrate traditional finance with DeFi, offering participants active involvement and influence in network governance.
