$ELO Supply & Distribution
$ELO tokens will have a fixed supply 10,000,000,000. Allocations will be distributed across the following four categories.
Please note that these allocations are tentative and this section will be finalised in the upcoming weeks before the launch of the $ELO token.
- Ecosystem Development Fund: The primary purpose of this fund will be to grow the Elova ecosystem. Some of the use cases are -
- Partner onboarding
- Marketing & promotions
- Development of new play to earn games
- Setting up liquidity pool for trading pairs based on $ELO
- Launch of new utilities in the app
- Staking Allocation: Total staking period along with details of the staking pool will be updated subsequently
- Initial Claim Allocation: Initial claim of $ELO will be available to all genesis collection holders based on the acquisition method of your genesis NFT. The acquisition methods include - OG minter, public minter & others (secondary & giveaways). OG minters get to earn the maximum rewards, followed by public minters and others.
- Founders, Team & Advisors: The Founders, Team and Advisors' allocation will be locked for a period of 12 months from launch, and distributed monthly in equal portions for subsequent months.
Over the next few weeks more details will be added to this section.