🪙5. Tokenomics
Last updated
Last updated
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
