Elixir Network’s ELX token will be listed on CoinW Exchange on March 7th, 2025, offering a modular decentralized liquidity solution designed to enhance trading efficiency. The listing includes a “ELX Bounty Program” with a 10,000 USDT reward pool. Elixir operates on a Delegated Proof of Stake (DPoS) consensus mechanism and features a synthetic USD stable asset, deUSD, which has attracted institutional investors like BlackRock and Hamilton Lane.
CoinW, the world’s pioneering cryptocurrency trading platform, will list ELX, a modular decentralized liquidity network, on DeFi Zone. For all CoinW users, the ELX/USDT will be officially available for trading on March 7th, 2025, at 10:00 (UTC). To celebrate the listing of ELX, we are launching the “ ELX Bounty Program” event with a reward pool of 10,000 USDT.
Enhancing Liquidity with Elixir’s Decentralized Market-Making Solutions
A modular decentralized liquidity network designed to enhance liquidity, tighten bid-ask spreads, and increase trading volumes on decentralized order book exchanges (DEXs). With this listing, CoinW aims to provide users with seamless access to Elixir’s innovative liquidity solutions and reward-driven market-making mechanisms.
Elixir operates on a Delegated Proof of Stake (DPoS) consensus mechanism, allowing users to supply liquidity directly to order book pairs and earn market-making rewards. Additionally, its ecosystem includes synthetic USD ($deUSD), an economic efficiency-enhancing stable asset comparable to Ethena’s USDe. The listing of $ELX on CoinW provides traders with a new opportunity to engage with a cutting-edge decentralized liquidity protocol.
$ELX Token Utility and Ecosystem Growth
As the native token of the Elixir network, $ELX plays a critical role in governance, security, and network consensus. Key utilities include:
- Governance Participation: Holders of $ELX can stake their tokens to propose and vote on protocol upgrades and ecosystem development.
- Consensus Mechanism: In the DPoS framework, validators stake $ELX to participate in transaction validation and network security maintenance, ensuring transparency and efficiency.
- Network Security: The pledge of $ELX acts as a safeguard against malicious activities, incentivizing verifiers and maintaining the stability of the ecosystem.
Elixir’s tokenomics structure comprises a total supply of 1 billion $ELX, strategically allocated to community incentives (41%), DAO Foundation (22%), investors (15%), core contributors (19%), and additional reserves (3%) for marketing and operational flexibility. The network’s recent Token Generation Event (TGE) and ongoing incentives for liquidity providers further reinforce its long-term vision.
Institutional Backing and Growth Potential
Elixir has garnered substantial institutional support, securing a $17 million funding round in March 2024, led by Hack VC and Maelstrom, the investment fund founded by Arthur Hayes. Additional participants included Amber Group and other notable investors. The company further solidified its market position with an $8 million Series B funding round led by Sui Ecosystems (Mysten Labs) and Maelstrom, emphasizing its significance within the decentralized finance (DeFi) space.
10,000 USDT Limited-Time Offer for CoinW Community
To celebrate the listing, 10,000 USDT equivalent ELX prize pool will be up for grabs from March 7th, 2025, at 10:00 (UTC) to March 14th, 2024, at 16:00 (UTC). By participating in events such as registration, trading, and community events, CoinW users have the opportunity to share in a prize pool of 10,000 USDT. To claim your rewards, please click here.
About CoinW
CoinW is a pioneering crypto trading platform that prioritizes security, transparency, and user-centric principles. With advanced technology, deep liquidity, and a wide range of supported cryptocurrencies, the company has amassed a broad user base to become one of the world’s most secure crypto exchanges. Committed to security, transparency, and compliance, the CoinW exchange upholds the highest regulatory standards and actively contributes to the advancement of the crypto industry. To learn more about CoinW, you can visit the official website, and follow CoinW’s Twitter Account, Btok, and Telegram Group.
About Elixir
Elixir is the most widely adopted network for RWAs: exclusively bringing funds from BlackRock, Hamilton Lane, Apollo and others to DeFi. This is made possible by deUSD – a fully collateralized, yield-bearing synthetic dollar powered by the Elixir Network.
Media Contact
Organization: CoinW
Contact Person: Angelo Tan
Website: https://www.coinw.com/
Email: Send Email
City: Dubai
Country: United Arab Emirates
Release Id: 07032524833
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