Introduction
We're excited to announce the ELT (Element Black) token sale event on OKX Jumpstart. This comprehensive guide covers all essential details for participants interested in this Social-Fi NFT Game development project.
Key Sale Details
Pledging Timeline
- Start Time: 2:00 AM UTC
- End Time: 10:00 AM UTC
- Sale Price: $0.007 per ELT token
Token Allocation
- Total Supply: 40,000,000 ELT
Individual Limits:
- Minimum pledge: 1 ELT
- Maximum pledge: 260,000 ELT
Exchange Mechanism
The final exchange ratio will be determined based on:
- OKB price at 4:00 PM UTC before the pledging date
- OKB position held for 3 consecutive days prior to pledging
👉 Learn more about OKX Jumpstart participation
Participation Requirements
Eligibility Criteria
- Must be from designated countries
- Completed KYC 2 verification
- Minimum trading volume: $5,000 within previous 30 days
Restricted Regions
Participants cannot join from:
- China mainland and Hong Kong
- United States and territories
- Canada (Ontario and Quebec)
- Other restricted jurisdictions
Step-by-Step Participation Guide
Step 1: Maximize Allotment Potential
- Hold OKB tokens for 3 consecutive days before pledging
- Higher OKB balances increase allotment coefficients
- Random snapshots will verify holdings
| 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 |
Step 2: Token Purchase Process
- Only OKB accepted for ELT purchase
- Conversion rate locked at OKB price snapshot
👉 See real-time conversion rates
Step 3: Token Distribution
- Tokens credited to Funding Accounts post-sale
- Corresponding OKB deducted from balance
- Remaining OKB released from hold
Practical Example
Four sample participants demonstrate how allotment coefficients work:
| Participant | Minimum OKB | Average OKB | Coefficient |
|---|---|---|---|
| A | 50 | 2,000 | 20 |
| B | 5 | 5 | 1 |
| C | 500 | 500 | 30 |
| D | 100 | 1,000 | 20 |
Project Background
Element Black (ELT) is building an innovative NFT 2.0 ecosystem focused on:
- Social gaming experiences
- Creator economy (Create-To-Earn)
- Celebrity collaborations
Notable Partnerships:
- Music artists Akon and DJ Snake
- Marvel/DC director James Gunn
- Former Oscars president Sid Ganis
Token Specifications:
- Protocol: ERC-20
- Total Supply: 4 billion ELT
- Official Channels: Website, Discord, Twitter
Risk Disclosure
Digital asset trading involves substantial risk. Participants should:
- Understand all project risks
- Consider personal risk tolerance
- Seek financial advice if needed
FAQs
Q: How is my allotment calculated?
A: Based on OKB holdings during the 3-day snapshot period before the sale.
Q: Can I increase my allocation after pledging?
A: No, allocations are determined solely by pre-sale OKB holdings.
Q: When will I receive my ELT tokens?
A: Immediately after the sale concludes, tokens will appear in your Funding Account.
Q: What happens to unused OKB after pledging?
A: Any remaining OKB will be released back to your available balance.
Q: Are there geographic restrictions?
A: Yes, residents of certain countries cannot participate—see Restricted Regions section.
Q: Can I participate without completing KYC?
A: No, KYC 2 verification is mandatory for all participants.