$ELO Supply & Distribution

$ELO tokens will have a fixed supply 10,000,000,000. Allocations will be distributed across the following four categories.

Allocation	Percent	Token Amount
Ecosystem Development Fund	50%	5,000,000,000
Staking Pool	32%	3,200,000,000
Initial Claim Allocation	3%	300,000,000
Founders, Team & Advisors	15%	1,500,000,000

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.