Elluminex Litepaper
  • Table Of Contents
  • ℹ️1. Introduction
  • 📊2. Market Overview and Problem Statement
  • 🌔3. Elluminex Overview
  • ⚙️4. Core Features
  • 🪙5. Tokenomics
  • 🔁6: Elluminex Ecosystem
  • 7. Technical Architecture
  • 🛣️8. Roadmap
  • 9. Team and Partners
  • ❗10. Risk Factors and Mitigation
  • 📜11. Legal Disclaimer
  • ℹ️12. Contact Information
Powered by GitBook
On this page

5. Tokenomics

Previous4. Core FeaturesNext6: Elluminex Ecosystem

Last updated 6 months ago

5.1 ELX Token Overview

The ELX token will be the native token of the Elluminex ecosystem. It will play a pivotal role in driving platform operations, incentivizing user participation, and supporting governance.

5.2 Token Utility

  • Gas Fees: ELX will be used to cover half of the transaction fees on the platform, providing a consistent demand for the token.

  • Staking & Farming: Users will be able to stake ELX to earn rewards and unlock premium features, such as advanced trading tools and analytics.

  • Governance: ELX holders will be able to participate in platform governance, voting on key decisions, including fee structures and new feature implementations.

  • Fee Reductions: ELX holders will receive discounts on trading, staking, and bridge fees, incentivizing long-term holding.

  • Burn Mechanism: 50% of all fees collected in ELX will be burned, reducing the circulating supply and creating deflationary pressure.

  • Access to Premium Features: Users can unlock AI-driven insights, portfolio management tools, and access to pre-market opportunities.

5.3 Fee Structure and Burn Mechanism

  • Transaction Fees: A 0.2% trading fee will be applied on the DEX, with 50% payable in ELX. A portion of these fees will be burned to reduce supply.

  • Staking Fees: Minimal fees for staking operations, with a percentage used to buy back and burn ELX.

  • Burn Mechanism: A transparent mechanism where 50% of the ELX used in fees will be burned, contributing to the token’s deflationary model.

5.4 Token Distribution

  • Total Supply: 350,000,000 ELX

Allocation:

  • Presale: 50% - 175,000,000 ELX

  • Ecosystem: 20% - 70,000,000 ELX

  • Liquidity & Listings: 10% - 35,000,000 ELX

  • Marketing: 10% - 35,000,000 ELX

  • Team: 5% - 17,500,000 ELX

  • Buyback Reserve: 5% - 17,500,000 ELX

🪙