Elixir, an emerging network designed to integrate traditional finance with DeFi, has announced the launch of its ELX token and an upcoming Airdrop. With significant backing and a focus on community involvement, the project aims to redefine the DeFi landscape.
What is Elixir and ELX Token?
Elixir is a purpose-built blockchain network designed to bring institutional liquidity to the DeFi sector. Through its synthetic dollar, deUSD, Elixir connects traditional financial institutions with the decentralized finance ecosystem. The native ELX token serves to power governance and secure the network, allowing holders to participate in decision-making processes.
Airdrop Distribution and Structure
Elixir's unique approach to Airdrop distribution allocates more than 40% of the total ELX supply to the community. The first phase of distribution has gone to potion holders and active participants in the Elixir ecosystem. Additionally, eligibility for the Airdrop can be checked by visiting the Elixir eligibility checker website.
Role of ELX in Network Governance
ELX tokens play a crucial role not only as a utility but also as a governance instrument of the Elixir network. Token holders will be able to propose and vote on key decisions, shaping the future direction of the project and its governance structures.
Elixir aims to usher in a new era in the DeFi space with its ELX token and integration with traditional finance, impacting the development of decentralized finance significantly with its unique architecture and strategic community involvement.
