The world of blockchain gaming and NFTs continues to evolve, and one of the most anticipated launches is the ELT (Element Black) token sale on OKX Jumpstart. Designed to bridge Web 2.0 celebrities with Web 3.0 social experiences, Element Black is redefining how creators and fans interact in the metaverse. This guide walks you through everything you need to know about the ELT token sale โ from participation rules and pledging mechanics to project vision and strategic benefits.
Whether you're an experienced crypto investor or new to token launches, this comprehensive overview ensures youโre fully prepared to take part in a high-potential opportunity.
๐ Overview of the ELT Token Sale
Element Black (ELT) is launching its token via OKX Jumpstart, a trusted platform for early-stage blockchain projects. The sale offers users a chance to acquire ELT tokens before broader market availability.
๐ Discover how early token access can boost your digital asset portfolio
Key Details:
- Token: ELT (Element Black)
- Blockchain Protocol: ERC-20
- Total Supply: 4,000,000,000 ELT
- Sale Price: $0.007 per ELT
- Participation Token: OKB only
- Pledging Window: April 20, 2022, 02:00 โ 10:00 UTC
- Exchange Ratio Determination: Based on OKB price at 16:00 UTC on April 20, 2022
Note: While the original announcement was dated 2022, all historical dates have been adjusted to align with current relevance for informational and strategic purposes.
๐งฉ How the Pledging System Works
OKX Jumpstart uses a fair and transparent allocation model based on user engagement and OKB holdings.
Pledging Rules
- Minimum Individual Pledge: 1 ELT
- Maximum Individual Pledge: 260,000 ELT
- Session Supply: 40,000,000 ELT
- Overpledging Limit: Not applicable
Your chances of receiving a larger allocation depend on your allotment coefficient, which is determined by your OKB holdings over three consecutive days prior to the sale (April 17โ19).
๐ Allotment Coefficient: Maximize Your Allocation
Your allotment coefficient is calculated using two metrics:
- Minimum OKB Holding across the 3-day snapshot period
- Average OKB Holding over the same period
The system will apply the higher of the two coefficients to maximize fairness for consistent holders.
Allotment Coefficient Table
| OKB Holding Range | Min Holding Coefficient | Avg Holding Coefficient |
|---|---|---|
| [0, 10) | 1 | 1 |
| [10, 50) | 8 | 4 |
| [50, 100) | 16 | 8 |
| [100, 500) | 20 | 10 |
| [500, 1,000) | 30 | 15 |
| [1,000, 2,000) | 36 | 18 |
| [2,000, โ) | 40 | 20 |
๐ก Example: A user holds 50, 2,000, and 3,950 OKB over three days.
- Minimum = 50 OKB โ Coefficient = 16
- Average = (50 + 2,000 + 3,950)/3 = 2,000 OKB โ Coefficient = 20
Final coefficient applied: 20
Snapshots are taken randomly each day across all account types: Funding, Trade, and Finance Accounts.
๐ Learn how holding utility tokens like OKB can unlock exclusive launch opportunities
โ Eligibility & Participation Requirements
To participate in the ELT token sale, users must meet strict eligibility criteria designed to ensure compliance and fairness.
Required Conditions:
- Complete KYC Level 2 verification
- Be located in a supported jurisdiction
- Achieve a trading volume exceeding $5,000 within the 30 days before the pledging period
Restricted Regions:
Users from the following jurisdictions cannot participate:
- China (Mainland & Hong Kong)
- Cuba, Iran, North Korea, Crimea, Sudan, Syria
- United States (including all territories)
- Canada (Ontario & Quebec)
- Malaysia, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Malta
Note: Residents of Ontario, Canada cannot open new accounts or access services if not already registered.
๐ Step-by-Step Participation Guide
Follow these steps to increase your chances of securing ELT tokens.
Step 1: Boost Your Allotment Coefficient
Hold more OKB consistently over the three-day snapshot window. The higher your balance โ especially average or minimum โ the greater your coefficient.
Tips:
- Avoid transferring OKB in or out during snapshot days
- Maintain balances across all account types (funding, trading, finance)
Step 2: Participate in the Token Sale
During the pledging window:
- Only OKB is accepted as payment
- The final exchange ratio will be locked based on the OKB price at 16:00 UTC on April 20
- Youโll pledge a certain amount of OKB for ELT tokens
Step 3: Receive Your Tokens
After the sale ends:
- ELT tokens will be credited to your OKX Funding Account
- The corresponding OKB used for pledging will be deducted
- Any unallocated pledged OKB will be released back to your account
Allocation is calculated using this formula:
User Allocation = (Userโs Pledge ร Userโs Coefficient) / ฮฃ (All Usersโ Pledges ร Their Coefficients) ร Total Session Supply
โ Frequently Asked Questions (FAQ)
Q: What is Element Black (ELT)?
A: ELT is a Social-Fi NFT gaming project building a Create-To-Earn ecosystem that connects global celebrities and brands with Web3 communities through immersive digital experiences.
Q: Can I use cryptocurrencies other than OKB to participate?
A: No. Only OKB is accepted during the Jumpstart token sale.
Q: When will I receive my ELT tokens?
A: Tokens are automatically credited to your Funding Account shortly after the sale concludes.
Q: How is the exchange rate determined?
A: The OKB-to-ELT exchange ratio is fixed based on the OKB market price at 16:00 UTC on April 20.
Q: Why did I get fewer tokens than expected?
A: Allocations are proportional based on your pledge amount and coefficient relative to total demand. High participation may reduce individual shares.
Q: Is there a risk of losing money?
A: Yes. Like all digital assets, ELTโs value may fluctuate. Always conduct due diligence and assess your risk tolerance before investing.
๐ About Element Black (ELT)
Element Black aims to revolutionize NFT ecosystems by merging entertainment, social engagement, and decentralized creation.
Project Highlights:
- Vision: Build the leading PUGC (Professional User-Generated Content) NFT platform
- Focus: Social-Fi gaming with real-world celebrity integrations
- Partnerships: Collaborations with Akon, DJ Snake, James Gunn (Guardians of the Galaxy), and Sid Ganis (former Oscar president)
- Use Case: Enables users to create, trade, and socialize around digital collectibles in the metaverse
With strong backing from entertainment industry leaders, ELT positions itself at the intersection of culture and technology.
โ ๏ธ Important Notes & Risk Disclosure
- OKX reserves the right to disqualify users involved in fraudulent activity or rule violations.
- Final decisions regarding eligibility and rules interpretation rest solely with OKX.
- Rules may be updated without notice.
- Digital asset trading involves significant risk of capital loss. Invest responsibly.
๐ Stay ahead in Web3 with secure and strategic token launches
By combining celebrity influence with blockchain innovation, Element Black (ELT) represents a unique opportunity in the growing Social-Fi space. With OKX Jumpstart offering early access, now is the time to understand how you can position yourself for success in next-generation NFT ecosystems.