Elixir

Explore the tokenomics of Elixir (ELX) and review the project details below.

What is the allocation for Elixir (ELX) ?

ELX is the native erc20 token of the Elixir network, driving governance and securing consensus within the ecosystem.

With 41% of the total ELX supply allocated to the community, holders play a pivotal role in guiding the network’s direction and growth. The token supply distribution is as follows:

Community: 41%

• Season 1 airdrop: 8%
• Future airdrops/LP incentives: 21%
• Public network security rewards (for ELX stakers/delegators): 12%.
• Locked tokens cannot be staked

DAO Foundation: 22%

• These tokens will be allocated for grants, future ecosystem rewards, etc.

Liquidity: 3%

• This represents the allocation of the network set aside for market makers and other liquidity providers across both centralized and decentralized exchanges

Investors: 15%

• This is distributed to early investors of Elixir. These parties have provided crucial financial support during the 3+ years of Elixir’s development

Core Contributors: 19%

• This allocation is set aside for the core contributors of the Elixir ecosystem: both past and future hires of Elixir Labs Ltd.

What is the supply schedule for Elixir (ELX)?

The following table outlines ELX token allocations and their emission / vesting schedules:

• Community Airdrops (19%): Initial airdrop (8%) unlocked at TGE Future airdrops (11%): 50% unlocked at 6 months Fully unlocked at 1 year
• LP Incentives (10%): Linearly unlocking over 4 years
• Long-Term Validator Emissions (12%): Unlocking over 20 years with logarithmically decreasing emissions
• DAO Foundation (22%): 25% unlocked at TGE 1-year cliff Remaining tokens linearly vesting over 4 years
• Investors (15%): 1-year lockup Followed by 2 years of linear vesting
• Liquidity (3%): Fully unlocked at TGE
• Core Contributors (19%): 1-year lockup Followed by 3 years of linear vesting