Tiered $ELVX Staking
$Elvx token staking tiers explained
Last updated
$Elvx token staking tiers explained
Last updated
Staking $ELVX tokens grants you access to premium features on the EleveX platform, enhancing your purchasing and creator opportunities. This includes exclusive access to new launchpad project listings, the ability to participate token holder governance, and permission to publish projects on the Elevex Launchpad.
Launchpad Buyers: To participate in new project launchpad campaigns, you must have at least US$50 of $ELVX tokens staked. This minimum ensures that all participants are genuinely committed in the platform's success and have a stake in its operations. Project creators: To publish projects on the launchpad, creators will be required to stake a minimum of $500 in $ELVX tokens. This requirement reinforces the creators' belief in the ELVX ecosystem and demonstrates their commitment to its success.
Launchpad Buyers: Our tiered staking program is designed with 8 distinct tiers, aiming to provide equal value and opportunities to all $ELVX token stakers. This structure helps prevent overcrowding in new launchpad project listings, which could otherwise limit access and reduce the chances for many members to participate. By requiring a stake to access these listings, we ensure that every staker has a fair chance to buy into new projects.
Project creators: For our creators, we offer two simple staking tiers that determine the maximum amount of funds that can be raised in a launchpad listing. With $500 of $ELVX staked, creators can raise up to $1 million per project. However, with $1,000 of $ELVX staked, there are no limits on the amount they can raise.
Please refer to the following diagram for a detailed breakdown of the staking tiers and the maximum amounts permitted under each tier:
Launchpad Buyers:
Project creators:
This tiered approach ensures that all participants, regardless of their purchasing size, can benefit from and contribute to the growth of the EleveX platform, making it a more inclusive and equitable environment.