ELFI tokens

Ecosystem Expansion Fund: The amount is allocated for listing on the exchange, marketing, recruitment of experts, money pool insurance, and attracting partners.
- Distribution ratio: 21.86%
- Distribution rules: Proceed according to governance procedures
Airdrop & Converting: Airdrop is conducted for existing EL holders to vitalize the initial ecosystem of ELYFI. In addition, it provides an opportunity to convert EL tokens into ELFI tokens on a first-come, first-served basis. In addition, a certain amount of EL is incinerated to activate the ELFI ecosystem.
- Distribution ratio: 10%
Early Investors: Allocate the amount to attract strategic and financial investors for the development of the ELYFI ecosystem.
- Distribution ratio: 20%
Yield Farming: ELFI tokens are distributed to early participants in the ELFI money pool and staking as a reward for contributing to the ecosystem.
- Distribution ratio: 38.14%
- Distribution rule: Pre-allocated mining quantity per block according to stake/deposit stake ratio
Team: Allocate the quantity for team operation.
- Distribution ratio: 10%

Means of obtaining governance voting rights
- The ELFI token is used as a means to acquire the ELFI governance voting right (sELFI).
- ELFI holders can stake their ELFI tokens to receive voting rights (staked ELFI = sELFI tokens), and can exercise voting rights as much as the amount they hold.
Means of payment of screening labor cost
- sELFI holders who participated in the governance vote can receive protocol revenue.
- The profit is paid by purchasing ELFI from CEX/DEX for 1/2 of the examination fee received from the borrower in the name of 'screening labor cost'. (For reference, the remaining 1/2 goes to the money pool insurance pool.)

The token economy of the ELYFI protocol is subject to change, in consideration of proposals and decisions made by the community.
Token economy may be revised to improve the protocol and ELYFI will work closely with community and partners in this regard.

Last updated 1 year ago