Elys Network, the pioneering all-in-one DeFi platform, is thrilled to announce its Mainnet launch and Token Generation Event (TGE) on December 17, 2024.
This milestone, coupled with a revamped tokenomics structure, enhanced airdrop program and a TGE on Gate.io, marks a new chapter in Elys Network’s mission to transform decentralized finance.
Reimagined Tokenomics for Fairness and Sustainability
Elys Network’s updated tokenomics prioritizes long-term growth, sustainability, and community-driven value creation. Key changes include:
- Expanded Airdrop Allocation (14%): Combining the previous Marketing & Growth (9%) and Airdrop (5%) allocations, Elys Network is dedicating 14% of the total token supply to rewarding early adopters and sustaining user engagement over a two-year period.
- Strategic Reserve Restructuring: The original Strategic Reserve (22.3%) has been optimized into three distinct categories:
- Strategic Reserve (12%): Bolstering long-term stability and treasury diversification.
- Decentralization (5.3%): Supporting decentralization initiatives and network security.
- Liquidity (5%): Enhancing liquidity across CEXs, DEXs, and staking platforms.
The final tokenomics breakdown now includes:
- 14% Airdrop
- 15% Liquidity Mining Rewards
- 18% Project Contributors
- 8.5% Staking Rewards
- 7.5% Community Fund
- 1.3% Advisors
With a max supply of 200 million ELYS tokens, this structure ensures scarcity, fairness, and long-term value for all participants.
Gate.io TGE and Startup Campaign
Elys Network has officially announced that its TGE will take place on Gate.io, a leading crypto exchange on December 17th. To celebrate this occasion and reward early supporters, Gate.io is hosting a special startup campaign:
During the campaign, users who hold at least $10 worth of assets on Gate.io can claim free ELYS tokens. The claiming period starts from 14:00 PM UTC on December 15 and lasts until 10:00 AM UTC on December 17.
Enhanced Airdrop Program
Elys Network’s airdrop allocation has been significantly increased from 5% to 14% of the total token supply (28M ELYS tokens). Key updates include:
- Distribution Across Five Events: Spanning two years to maintain engagement.
- Revised Allocation for NFT Holders: Rewarding loyalty while welcoming new participants through a dynamic allocation system based on two snapshots.
- Expanded Rewards for Cosmos Stakers: Tripling the allocation to 3,181,344 EDEN tokens, with options to stake or convert to ELYS over 3 months.
- Adjusted Cadet Allocation: Initial distribution at mainnet launch, with remaining tokens allocated after three months based on active contribution.
Introducing the Reward Center
Elys Network’s Reward Center is designed to maximize user participation and rewards during the mainnet launch. Key features include:
- Missions: Earn rewards through staking, liquidity provision, and token swaps, with daily snapshots and weekly validations.
- Affiliation Program: Refer friends and earn a percentage of the fees they generate on the Elys DEX, paid in USDC monthly.
Rewards will be calculated and distributed monthly, taking into account factors such as days of participation and volume of activity.
Join the The People’s Chain with Elys Network
With its groundbreaking features, commitment to fairness, and user-centric approach, Elys Network is poised to redefine the DeFi landscape. Be part of this transformative journey as Elys Network’s Mainnet goes live on December 17, 2024.
Learn more and join the movement at Elys Network.
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