Epilogue
On the 28 of January, the audit platform Certik reported a theft of 80 million dollars in assets siphoned ironically from a security-focused blockchain firm.
Qubit a cross-chain DeFi protocol had its finance bridge exploited and as of the time was by far the biggest exploit of the new year.
Fast forward to recently another exploit happened to take the crown as the current biggest of the year 2022, where Ronin wallet lost combined assets of around 600 million dollars of Ethereum and USDC.
Though DEXs seem to be thriving, there are appearing to be patterns that are indicative that there is something out of place, like a missing link if you will…
Hey there Cryptocreatures, I trust y’all are good?
As you all know I go by the name Otto11 and today we shall be talking about Elixpad and more closely at…
List of Contents;
What is Elixpad?
Why Elixpad?
Features
Usecase
Tokenomics
Roadmap
Conclusion
What is Elixpad?
ElixPad is a DEX built for cross-chain token pools and auctions, enabling projects to raise capital in a decentralized and secure environment.
Being a Decentralized entity, Elixpad plans to feature decentralized projects which easily means it’ll function as a launchpad and enable promising projects too even when they don't meet the financial criteria yet.
In other to prevent scam projects, users will be able to participate in these functions in a secure and compliant environment.
Why Elixpad?
Mission-
“We want to establish ourselves as a stable and go-to launchpad for all projects that want to do an IDO on our launchpad. We will be making continuous efforts in finalizing new deals and partnerships. Our goal is to bring as many quality projects as possible to the ElixPad. We are focused and dedicated to fulfilling the vision and roadmap of the ELX Launchpad.”
Vision-
Fund Raising
Startups can raise funds on a secure platform.
Auctions
Token pools will include sealed-bid auctions.
OTC
Closed OTC deals with password protection.
Now, referencing the examples made earlier although there are still super successful DeFi projects that brought billions of trading volume to the cryptocurrency market overtaking market share from Centralized exchanges.
But Elixpad focuses on establishing trust with users of the interface, this means they have a set of procedures put in place to make sure they do not make the errors.
Features;
The Elixpad system ensures that investors can invest in projects launching in the ElixPad early, giving them an amazingly profitable reward ratio.
The Elixpad ecosystem has the following features
Ability to create powerful, reliable, and secure applications
Safety guaranteed and anti-scam features
Everyone can participate in every corner of the world
Fast transactions High staking rewards
Low fees Cross-chain swaps.
Use cases;
The Elixpad token (ELX) would play a crucial part in the DeFi launchpad system by being the tool to raise funds for projects on Elixpad, and other applications, including closed OTC deals with password protection, discounted sales with whitelisted addresses, and even be used for crowdfunding in the future.
Other benefits of holding ELX token are-
Stake it to earn free ELX tokens
Use it in Yield Farming to get free tokens (Not ELX)
Participate in the Launchpad
Vote on proposals relating to the ElixPad ecosystem
Tokenomics;
ELX Token
Ticker: ELX
Total Supply: 100,000,000 ELX
Chain: Binance Smart Chain (Multichain Soon)
Contract: https://bscscan.com/token/0x8c406046a54dd0bc7be83daf5e78f3b31c3aafe1
Token Distribution
Token Sale: 30%
Team: 10% (1 year Lockup then 0.2% monthly)
Staking: 25% (0.15% monthly)
Reserve Funds: 15% (36 months Lockup)
Bounty & Marketing: 10% (12 months Lockup)
Advisors & Partners: 10% (12 months Lockup)
At least 45% of the total supply is locked for 12 months and more.
Road Map;
Roadmap
Done
Start of the ElixPad Launchpad Development.
Website App & Contracts creation.
Private sale and contracts auditing.
April 2022
Project public launch.
Private and Public sales.
Token Burn
Main release with all deployed contracts.
CEX and DEX listings.
Q2 2022
Beta release of our multi-chain launchpad with audited smart contracts.
Implementation of the staking mechanism for the sales and rewards.
Yield Farming
Q3 2022
Beta and Main launch off mobile applications.
On-ramp purchases directly through our applications.
More coming soon…
Conclusion;
For more detail on ElixpaTeked;
Website- https://elixpad.net/
Medium- https://medium.com/@ElixPad
Twitter- https://twitter.com/elixpadx
Telegram-, https://twitter.com/elixpadx
Author Details;
P.O.A - https://bitcointalk.org/index.php?topic=5392536.msg59824860#msg59824860
Bitcoin talk Username; Otto111