Introduction
We're excited to announce the upcoming ELT (Element Black) token sale on OKX Jumpstart, offering users an opportunity to participate in this innovative Social-Fi NFT project. This guide covers all essential details for participation.
👉 Discover how to maximize your token allocation
Token Sale Details
I. Pledging Information
Key Dates:
- Start Time: 2:00 am UTC on April 20, 2022
- End Time: 10:00 am UTC
Token Economics:
- Sale Price: $0.007 per ELT
- Session Supply: 40,000,000 ELT
Participation Limits:
- Minimum pledge: 1 ELT
- Maximum pledge: 260,000 ELT
Allotment Rules:
- Based on OKB holdings from April 17-19, 2022
- Higher OKB balances receive greater allotment coefficients
- Random snapshots of OKX accounts will determine eligibility
II. Participation Requirements
Eligibility Criteria
- Must complete KYC Level 2 verification
- Minimum $5,000 trading volume within previous 30 days
- Residents of restricted regions cannot participate
Restricted Countries Include:
- China (Mainland and Hong Kong)
- United States and territories
- Canada (Ontario and Quebec)
- Various other restricted jurisdictions
Participation Guide
Step 1: Maximizing Your Allocation
- Maintain higher OKB balances for better allotment coefficients
Understand snapshot rules:
- Daily random snapshots
- Includes multiple account types
- Higher average balances improve allocation
👉 Learn advanced token sale strategies
Step 2: Token Sale Mechanics
- Only OKB accepted for purchase
- Exchange ratio determined by OKB price at 4:00 pm UTC before sale
Step 3: Allocation Process
- Tokens distributed post-sale
- Corresponding OKB deducted from accounts
- Unused OKB released
Allocation Examples
| User | Min OKB | Avg OKB | Coefficient | Allocation |
|---|---|---|---|---|
| A | 50 | 2,000 | 20 | 500 ELT |
| B | 5 | 5 | 1 | 50 ELT |
| C | 500 | 500 | 30 | 1,000 ELT |
| D | 100 | 1,000 | 20 | 1,000 ELT |
About Element Black (ELT)
Project Overview
Element Black is pioneering NFT 2.0 and Create-To-Earn ecosystems, focusing on:
- PUGC NFT distribution platform
- Web 2.0 to Web 3.0 bridge
- Celebrity and brand collaborations
Key Partnerships:
- Music artists Akon and DJ Snake
- Marvel/DC director James Gunn
- Former Oscars president Sid Ganis
Token Details:
- Ticker: ELT
- Total Supply: 4 billion
- Protocol: ERC-20
- Official Website: element.black
Frequently Asked Questions
Q: When will I receive my allocated tokens?
A: Tokens are credited to Funding Accounts immediately after the sale concludes.
Q: Can I participate without holding OKB?
A: OKB is required for participation and determines your allocation amount.
Q: What happens if I don't use all my pledged OKB?
A: Any unused OKB will be released back to your account after allocation.
Q: How often are OKB balances snapshotted?
A: Random daily snapshots occur during the 3-day qualification period.
Q: Can I increase my allocation after the sale starts?
A: No, allocations are determined based on pre-sale OKB holdings.
Q: Where can I check my allotment coefficient?
A: Available on your OKX Jumpstart page during the qualification period.
Important Notes
- OKX reserves final interpretation rights
- Rules subject to change at OKX's discretion
- Fraudulent activity will result in disqualification
Risk Warning: Digital asset trading carries substantial risk. Carefully consider your investment objectives and risk tolerance before participating.