Introduction
We're excited to introduce ELT (Element Black) as part of OKX Jumpstart's token sale initiative. This guide provides comprehensive details about the sale process, participation requirements, and key project information.
Sale Overview
- Start Time: 2:00 AM UTC on April 20, 2022
- Token Price: $0.007 per ELT
- Total Session Supply: 40,000,000 ELT
- Token Standard: ERC-20
👉 Discover how to participate in OKX Jumpstart
Pledging Structure
Key Details
- Pledging Window: 2:00 AM - 10:00 AM UTC on April 20, 2022
- Price Determination: Based on OKB price at 4:00 PM UTC on April 19, 2022
Participation Limits:
- Minimum: 1 ELT
- Maximum: 260,000 ELT
Allotment Mechanism
- Determined by OKB holdings over 3 consecutive days (April 17-19, 2022)
- Higher OKB balances yield greater allotment coefficients
- Random daily snapshots of OKB balances across all account types
Participation Requirements
Eligibility:
- Must complete KYC Level 2 verification
- Available only to users from approved jurisdictions
Trading Requirement:
- Minimum $5,000 trading volume within 30 days prior to pledging
👉 Learn more about OKX verification
Step-by-Step Participation Guide
Optimizing Your Allotment
OKB Holdings Strategy:
- Maintain consistent OKB balances for 3 days prior
- Higher average holdings increase allotment coefficients
Snapshot Rules:
- Includes Funding, Trade, and Finance Accounts
- Uses higher of minimum or average holding coefficients
Participation Process
- Supported Currency: OKB only
- Exchange Confirmation: Finalized at 4:00 PM UTC on April 19, 2022
Allotment Distribution
- Tokens credited to Funding Accounts post-sale
- Corresponding OKB amounts deducted
- Remaining OKB released from hold
Project Background
Element Black (ELT) is building an innovative Social-Fi NFT ecosystem:
- Focus: NFT 2.0 and Create-To-Earn models
- Partnerships: Collaborations with global music stars and entertainment figures
- Vision: Bridge between Web 2.0 brands and Web 3.0 experiences
Token Details:
- Total Supply: 4,000,000,000 ELT
- Protocol: ERC-20
- Official Channels: Website, Twitter, Discord
Frequently Asked Questions
What countries are eligible for participation?
The sale excludes users from China mainland, Hong Kong, and several other restricted jurisdictions as specified in OKX policies.
How is the token price determined?
The final exchange rate is based on the OKB price at 4:00 PM UTC on April 19, 2022.
Can I participate without completing KYC?
No, KYC Level 2 verification is mandatory for all participants.
What happens to my OKB after the sale?
Used OKB is deducted for purchased ELT, with any remaining balance released.
How are allotment coefficients calculated?
Based on both minimum and average OKB holdings over 3 days, using whichever yields a higher coefficient.
When will I receive my ELT tokens?
Tokens are credited to your Funding Account immediately after the sale concludes.
Risk Warning: Digital asset trading involves substantial risk and may result in loss of capital. Consider your experience level and investment objectives carefully.
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