Introduction
Dear valued OKX customers,
We're excited to announce the upcoming ELT (Element Black) token sale through OKX Jumpstart. This comprehensive guide covers all essential details about participation, pledging mechanics, and project information.
Key Event Details
- Token: ELT (Element Black)
- Platform: OKX Jumpstart
- Sale Price: $0.007 per ELT
- Total Session Supply: 40,000,000 ELT
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Pledging Mechanics
Session Timeline
- Start: 2:00 am UTC
- End: 10:00 am UTC
Participation Rules
- Token Exchange: Ratio determined by OKB price at 4:00 pm UTC before pledging date
Pledge Limits:
- Minimum: 1 ELT
- Maximum: 260,000 ELT per individual
- Allotment Calculation: Based on 3-day OKB holding snapshot (Apr. 17-19)
Allotment Coefficient Table
| OKB Holding Range | Minimum Holding Coefficient | Average Holding Coefficient |
|---|---|---|
| 0-10 | 1 | 1 |
| 10-50 | 8 | 4 |
| 50-100 | 16 | 8 |
| 100-500 | 20 | 10 |
| 500-1000 | 30 | 15 |
| 1000-2000 | 36 | 18 |
| 2000+ | 40 | 20 |
Participation Requirements
Eligibility Criteria
- KYC Verification: Must complete Level 2 verification
- Trading Volume: Minimum $5,000 in 30 days prior to pledging
- Geographic Restrictions: Certain countries excluded (see Note section)
Participation Steps
Step 1: Maximize Allotment
- Maintain higher OKB balances for 3 consecutive days
- OKB snapshot includes Funding, Trade, and Finance accounts
Step 2: Token Sale Participation
- Only OKB supported for exchange
- Final ratio confirmed day before sale
Step 3: Token Distribution
- Successful participants receive ELT in Funding Accounts
- Corresponding OKB amounts deducted
- Excess OKB released
Project Background
Element Black (ELT) is revolutionizing NFT gaming with its Social-Fi ecosystem:
Key Features
- NFT 2.0/Create-To-Earn platform
- Web 2.0 to Web 3.0 bridge for celebrities/brands
- Partnerships with major entertainment figures
Token Specifications
- Name: Element Black
- Ticker: ELT
- Supply: 4,000,000,000
- Protocol: ERC-20
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Important Notes
- Geographic Restrictions: Excludes China mainland, Hong Kong, U.S. territories, and others
- Platform Rights: OKX reserves final interpretation of all rules
- Fraud Prevention: Suspicious activity may result in disqualification
Risk Warning: Digital asset trading involves substantial risk. Please assess your risk tolerance carefully.
FAQs
What determines my token allotment?
Your allotment depends on your OKB holdings during the 3-day snapshot period. Higher balances yield greater coefficients.
Can I participate with multiple accounts?
No, OKX prohibits duplicate accounts and considers this fraudulent activity.
When will I receive my ELT tokens?
Tokens are distributed immediately after the allotment period concludes.
What happens if I don't use all my pledged OKB?
Any unused OKB will be automatically released back to your account.
How is the exchange rate determined?
The rate is set based on OKB price at 4:00 pm UTC the day before pledging.
Can I change my pledge amount after submitting?
No, all pledge commitments are final once submitted.
For additional inquiries, please contact OKX support.
Last updated: April 2022