The world of blockchain gaming and NFT innovation continues to evolve, and OKX Jumpstart is at the forefront by introducing high-potential projects to its global user base. One such project is ELT (Element Black) โ a next-generation Social-Fi NFT gaming ecosystem that merges entertainment, creator empowerment, and decentralized digital ownership.
This article dives deep into the ELT token sale on OKX Jumpstart, covering all essential details including participation rules, pledging mechanics, eligibility criteria, and project background. Whether you're an experienced Web3 enthusiast or new to token launches, this guide ensures youโre fully informed.
๐ Token Sale Overview
The ELT token sale via OKX Jumpstart offers users a unique opportunity to support and invest in a cutting-edge NFT 2.0 platform. Here are the core event details:
- Launch Date: April 20, 2022
- Pledging Window: 02:00 โ 10:00 UTC
- Token Price: 1 ELT = $0.007
- Accepted Currency: OKB only
- Total Session Supply: 40,000,000 ELT
- Maximum Individual Pledge: 260,000 ELT
- Minimum Individual Pledge: 1 ELT
๐ Discover how to maximize your allocation in this exclusive token launch.
๐ How Pledging Works
OKX Jumpstart uses a fair and transparent mechanism to distribute tokens based on user commitment and engagement with the platform โ specifically through OKB holdings.
Snapshot Period & Allotment Coefficient
To determine your eligibility and potential allocation, OKX will evaluate your OKB holdings over three consecutive days: April 17โ19, 2022.
Two metrics are calculated:
- Minimum daily OKB balance during the snapshot period
- Average daily OKB balance across the three days
Your final allotment coefficient will be determined by whichever value (minimum or average) results in a higher coefficient.
| OKB Holding Range | Min Holding Coefficient | Avg 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, โ) | 40 | 20 |
๐ก Example: If a user holds 50 OKB, 2,000 OKB, and 3,950 OKB over the three days:
- Minimum holding = 50 OKB โ Coefficient = 16
- Average holding = (50 + 2,000 + 3,950) / 3 = ~2,000 OKB โ Coefficient = 20
- Final coefficient used = 20 (the higher of the two)
You can view your snapshot records and coefficient directly on the OKX Jumpstart page.
โ Participation Requirements
Not all users are eligible to join the ELT token sale. To qualify, you must meet the following conditions:
- KYC Level 2 Verification completed.
- Reside in a supported jurisdiction (excludes restricted regions โ see below).
- Have an accumulated trading volume exceeding $5,000 within the last 30 days prior to the pledging period.
๐ Check your eligibility and prepare for the next Jumpstart opportunity today.
๐ Restricted Jurisdictions
Due to regulatory compliance, users from the following regions cannot participate in the ELT sale:
- China (Mainland and Hong Kong)
- Cuba
- Iran
- North Korea
- Crimea
- Sudan
- Malaysia
- Syria
- United States (including Puerto Rico, Guam, American Samoa, Northern Mariana Islands, US Virgin Islands)
- Canada (Ontario and Quebec)
- Bangladesh
- Bolivia
- Ecuador
- Kyrgyzstan
- Malta
Note: Residents of Ontario, Canada cannot open new accounts or access services if they havenโt already done so.
๐งฉ Step-by-Step Participation Guide
Step 1: Boost Your Allotment Coefficient
The more OKB you hold consistently during the snapshot window (April 17โ19), the higher your chances of securing a larger token allocation.
- OKB balances are randomly sampled across your Funding, Trade, and Finance accounts.
- Holding steadily increases your average balance, improving your coefficient.
- The system always selects the higher coefficient between minimum and average holdings.
Step 2: Participate in the Token Sale
During the pledging window:
- Use OKB only to pledge for ELT tokens.
- The exchange rate will be locked based on the OKB market price at 16:00 UTC on April 19, one day before the sale.
Step 3: Receive Your Tokens
After the pledging period ends:
- ELT tokens will be credited to your OKX Funding Account.
- The corresponding OKB amount will be deducted.
- Any unutilized pledged OKB will be released back to your account.
Allocation follows this formula:
Individual Allocation = (User's Allotment Coefficient ร User's Pledge Amount) / ฮฃ (All Users' Coefficients ร Their Pledges) ร Total Session SupplyThis ensures fairness while rewarding long-term platform supporters.
๐ฎ About Element Black (ELT)
Element Black is pioneering a new frontier in digital entertainment โ blending social interaction, NFT creation, and celebrity engagement into a unified Web3 experience.
Project Highlights
- Project Name: Element Black
- Token Symbol: ELT
- Total Supply: 4,000,000,000 ELT
- Blockchain Protocol: ERC-20
- Launch Date: April 12, 2022
Vision & Ecosystem
ELT aims to build a Social-Fi NFT Game ecosystem centered around:
- Create-to-Earn (C2E) mechanics
- User-generated content (PUGC)
- Integration of real-world celebrities and fashion brands into the Metaverse
It serves as a bridge connecting Web 2.0 influencers with immersive Web 3.0 experiences, enabling fans to interact with stars through exclusive NFTs and gamified content.
Notable Partnerships
Element Black has secured collaborations with top-tier global figures:
- Akon โ International music superstar
- DJ Snake โ Award-winning electronic music producer
- James Gunn โ Director of Guardians of the Galaxy and The Suicide Squad
- Sid Ganis โ Former President of the Academy of Motion Picture Arts and Sciences (Oscars)
These partnerships position ELT as a cultural innovator at the intersection of entertainment and blockchain technology.
โ Frequently Asked Questions (FAQ)
Q: What is OKX Jumpstart?
A: OKX Jumpstart is a launchpad platform that allows users to participate in early-stage token sales using OKB. It provides fair access to promising blockchain projects with transparent allocation rules.
Q: Can I use any cryptocurrency besides OKB?
A: No. Only OKB is accepted for pledging during the ELT token sale.
Q: When will I receive my ELT tokens?
A: Tokens will be credited to your OKX Funding Account shortly after the pledging window closes on April 20, 2022.
Q: How is the exchange ratio calculated?
A: The exchange rate between OKB and ELT will be finalized based on the market price of OKB at 16:00 UTC on April 19, one day before the sale begins.
Q: What happens if I donโt get the full amount I pledged?
A: If demand exceeds supply, allocations will be prorated according to the formula above. Youโll receive tokens proportional to your coefficient and pledge size.
Q: Where can I track ELT after listing?
A: Once listed on OKX or other exchanges, you can trade ELT directly through your trading account. Follow official OKX announcements for listing updates.
โ ๏ธ Important Notes
- OKX reserves the right to disqualify any participant involved in fraudulent activity or rule violations.
- Participation is subject to approval based on eligibility criteria.
- Rules may be modified at OKXโs sole discretion.
- Final decisions regarding disputes or interpretations rest with OKX.
โ ๏ธ Risk Warning: Cryptocurrency investments carry significant risk. Prices can fluctuate dramatically, and you may lose your entire investment. Always conduct thorough research and consider seeking independent financial advice.
๐ Stay ahead in Web3 โ explore upcoming Jumpstart projects and secure early access now.