Elixir is a new network designed to integrate traditional finance into DeFi. With the launch of the ELX token and airdrop campaign, the project aims to change the DeFi landscape.
What is Elixir and the ELX Token?
Elixir is a purpose-built blockchain network designed to connect institutional liquidity with DeFi. Through deUSD, a synthetic dollar, Elixir links traditional financial institutions to the DeFi ecosystem, promising a high-throughput, secure infrastructure. The vital part of the ecosystem is the ELX token, which powers governance, network validation, and secure consensus, allowing holders to shape the future of the network and emphasizing a community-driven approach.
Token Distribution: ELX Tokenomics
Elixir tokenomics revolves around a well-planned distribution to ensure project security and sustainability. 41% of the total supply is aimed at the community, highlighting the importance of decentralized governance and network growth. It includes:
* **Season 1 Airdrop (8%)** - for early adopters and community members. * **Future Airdrops and LP Incentives (21%)** - for maintaining community engagement and liquidity. * **Public Network Security Rewards (12%)** - reserved for delegators and stakers.
Unique Airdrop System and Its Participants
Elixir designed a unique airdrop distribution allocating 40% of the total supply for the community. The first round has already begun, primarily directed at the Apothecary potion holders, early supporters of the Elixir ecosystem. Breakdown of the airdrop includes:
* **Apothecary Potion Holders** - 7% of the total supply. * **Community Contributors** - 0.4% was allocated to project contributors. * **Validators and DeFi Users** - small portions for testnet users and stablecoin power users.
Elixir’s synthetic ecosystem aims to channel real-world capital into DeFi, offering a wide range of opportunities for community participants, who will play a critical role in developing the hybrid financial infrastructure of the future.
