Elixir, an innovative network bridging traditional financial institutions with decentralized finance (DeFi), has announced the launch of its ELX token along with a massive airdrop. Backed by significant investments and driven by community involvement, the project aims to reshape the DeFi landscape.
What is Elixir and ELX Token?
Elixir is a purpose-built blockchain network designed to bring institutional liquidity to DeFi. By using the synthetic dollar deUSD, Elixir connects traditional financial institutions like BlackRock, Hamilton Lane, and Apollo to the DeFi ecosystem. The network is supported by over 30,000 validators worldwide, providing high-throughput infrastructure for future applications.
Token Distribution and Airdrop
Elixir has created a unique approach to airdrop distribution, dedicating over 40% of the total ELX supply to the community. The first wave of the airdrop has already occurred, focusing on Apothecary Potion holders—early supporters of the Elixir ecosystem.
Network Stability Phase and Rewards
Elixir’s network stability phase lasts for three months, during which time participants who remain involved will earn additional rewards. These rewards are designed to promote long-term participation and network stability.
With the launch of ELX and its integration into DeFi, Elixir is pioneering new pathways for traditional financial institutions to engage with the crypto economy through innovative solutions like deUSD.
