Elixir, aimed at integrating traditional financial institutions with DeFi, announces the launch of the ELX token and a community-focused airdrop.
What is Elixir and the ELX Token?
Elixir is a blockchain network designed to bring institutional liquidity to the DeFi sector. It is supported by over 30,000 global validators and offers high throughput for future applications. The ELX token is used for governance, network validation, and securing consensus. Token holders can participate in shaping the network's future, emphasizing its community-driven approach.
Airdrop Distribution and Eligibility
Elixir has developed a unique approach to airdrop distribution, allocating over 40% of the total ELX supply. The first phase of the airdrop has already taken place, with tokens primarily distributed to 'Apothecary potion holders'. Tokens were also allocated to community contributors and early network testers. Users can check their airdrop eligibility by visiting the eligibility checker and connecting through an EVM wallet.
Future of the Elixir Network
Elixir is actively promoting the use of deUSD—a fully collateralized, yield-bearing synthetic dollar. With integration potential between CeFi and DeFi, the network holds promising prospects for traditional financial institutions and the DeFi sector. The ELX token similarly plays a key role in governance, empowering participants to influence key decisions and future project directions.
Elixir is gearing up for significant transformations in DeFi with the launch of the ELX token and impressive airdrop, offering management and participation opportunities within the network.
