🪙ELF Token & Tokenomics
Token Overview
$ELF is the native utility token of the ELF project, built on the Cosmos ecosystem. The token is designed to enable various utilities, including governance, staking, and potential future use cases such as purchasing real-life goods or accessing exclusive NFTs. The token leverages Cosmos' advanced technology, offering fast and scalable transactions with minimal fees.
Token Utility
The main utilities of the $ELF token include:
Governance: $ELF token holders can participate in the decentralized governance of the project by voting on proposals, submitting ideas, and contributing to the project's development.
Staking: Users can stake their $ELF tokens to support the network and earn rewards over time.
Future Use Cases: The $ELF token is designed to evolve and adapt to the needs of the community, enabling potential future use cases such as purchasing goods, accessing exclusive NFTs, or participating in unique events.
Token Distribution
The token distribution for the $ELF project is designed to ensure maximum decentralization and community engagement. The total supply of 420 million $ELF tokens will be allocated to various stakeholders, including meme token holders, open-source developers, relayers, Cosmos chains, and Stargaze NFT projects.
Token Allocation
The token allocation for the $ELF project is as follows:
Airdrop to Meme Token Pool (Cerebrus, HuaHua, etc.): 8% (33.6M tokens)
Airdrop to Open Source devs working on Cosmos: 5% (21M tokens)
Airdrop to Relayers in Cosmos ecosystem: 4% (16.8M tokens)
Airdrop to CHEQ holders: 8% (33.6M tokens)
Airdrop to NYM token holders on Cosmos and Ethereum: 8% (33.6M tokens)
Airdrop to Cosmos Chains Pool (Osmosis, Juno, Regen, Akash, Sentinel): 10% (42M tokens)
Airdrop to Stargaze NFT Projects Pool (Stargaze Legends, Cosmos Critters, Galactic Champions, Starborn): 8% (33.6M tokens)
Strategic Reserves: 8% (33.6M tokens)
Team Tokens: 15% (63M tokens)
Liquidity Rewards: 18% (75.6M tokens)
Advisor Tokens: 4% (16.8M tokens)
Meme Airdrop Contests & Marketing: 4% (16.8M tokens)
This allocation ensures a wide distribution of $ELF tokens, engaging a diverse range of stakeholders in the Cosmos ecosystem, and promoting decentralization.
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