Utility
Token Utility in the Elevex Platform
The Elevex platform is proud to adopt the ELVX token ecosystem, leveraging its decentralized nature, advanced smart contracts for tokenization, liquidity provision, and robust community support. By integrating ELVX as the primary utility token, Elevex aims to create innovative use cases across the platform, driving adoption and delivering significant value to the ELVX DAO. Through this strategic adoption, Elevex not only enhances its own capabilities but also contributes to the growth and strength of the ELVX ecosystem, fostering a mutually beneficial relationship that propels both platforms forward.
Tiered Model Participation: Staking $ELVX operates under a tiered model, details of which can be found here. The tier into which an user falls determines their maximum allowable purchase in project token launchpad listings and the EleveX Sniper Bot. A minimum stake of $50 in $ELVX is required to participate in these features, ensuring that all stakeholders have the opportunity to engage with these project tools effectively.
Project Creator Staking: 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.
Buy Back & Burn
Value Stabilization: A 10% of Elevex platform profits will go to buy-back and burn initiatives to help reduce the total supply of $ELVX, potentially increasing its scarcity and thereby supporting its market value over time.
Access to New Project's Launchpad Campaigns
Exclusive Opportunities: Token holders gain exclusive access to launchpad campaigns for new time-based and open-ended projects on the platform, ensuring that $ELVX stakers have the first chance to buy.
Access to EleveX’s Sniper Bot (stELVX pools)
Enhanced Buying Power: By converting $ELVX to $stELVX, stakers can utilize the EleveX Sniper Bot to automatically purchase underpriced project tokens, enhancing their venture strategy.
Property Token’s Instant Cash out
Immediate Liquidity: Token holders can instantly cash out their property tokens through the platform, providing fast access to $stELVX without the need for a traditional sale process.
Network Incentives (XP Programs)
Rewarding Participation: The platform may offer experience points or similar rewards for various activities, including trading, contributing to forums, or participating in governance, which can lead to exclusive rewards or privileges.
Reduced Trading Fees (Real Estate Futures Exchange)
Cost Efficiency: Token holders benefit from reduced fees when trading on the real estate futures exchange, making it more economical to engage in frequent transactions.
The utility of the EleveX tokens is crafted to provide a comprehensive suite of benefits that enhance user engagement, promote long-term participation, and ensure the sustainability of the ecosystem. Through these mechanisms, EleveX not only incentivizes its community but also aligns token holder interests with the long-term success of the platform.
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