Element Black (ELT) is set to launch on OKX Jumpstart, offering users a unique opportunity to participate in a next-generation Social-Fi NFT gaming ecosystem. This article provides a comprehensive overview of the token sale, including eligibility, pledging mechanics, allocation rules, and project background—optimized for clarity, search intent, and reader engagement.
What Is the ELT Token Sale on OKX Jumpstart?
The ELT (Element Black) token sale represents a strategic launch on the OKX Jumpstart platform, designed to distribute tokens fairly among qualified users through an innovative OKB-based allocation system. As a Social-Fi NFT game development company, Element Black aims to bridge Web 2.0 influencers and fashion brands with immersive Web 3.0 experiences.
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This event allows eligible users to pledge OKB in exchange for ELT tokens at a fixed rate, with allocations determined by user engagement and OKB holdings.
Core Keywords:
- OKX Jumpstart
- ELT token
- Element Black
- NFT gaming
- Social-Fi
- Token sale
- OKB staking
- Web3 ecosystem
Pledging Details
The ELT token sale follows a structured timeline and pricing model to ensure transparency and fairness.
Key Information:
- Pledging Period: April 20, 2022, from 02:00 AM to 10:00 AM UTC
- Token Price: 1 ELT = $0.007 USD
- Exchange Ratio: Final OKB-to-ELT conversion rate will be locked based on the OKB market price at 16:00 UTC on April 20, 2022
- Total Supply for Sale: 40,000,000 ELT tokens
- No Over-Pledging Limit: All participants are treated equally within their allocation tier
Individual Pledging Limits:
- Minimum pledge: 1 ELT
- Maximum pledge per user: 260,000 ELT
These limits ensure broad participation while preventing dominance by large accounts.
How to Qualify for the ELT Token Sale
Not all users can join the sale. To maintain regulatory compliance and platform integrity, OKX enforces strict eligibility criteria.
Participation Requirements:
- KYC Level 2 Verification: Users must complete full identity verification.
Geographic Restrictions: Participation is prohibited for residents of certain regions, including:
- China (Mainland and Hong Kong)
- United States (including territories)
- Canada (Ontario and Quebec)
- Iran, North Korea, Syria, Cuba, Crimea, Sudan, Malaysia, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Malta
- Trading Volume Requirement: Users must have traded over $5,000 worth of digital assets in the 30 days preceding the pledging period.
These measures help ensure that only active, verified users from compliant jurisdictions take part.
Step-by-Step Participation Guide
Step 1: Maximize Your Allotment Coefficient
Your chance of receiving more ELT tokens depends on your OKB holdings over three consecutive days (April 17–19, 2022). OKX uses two metrics:
- Minimum Daily OKB Holding over the 3-day period
- Average Daily OKB Holding over the same period
For each metric, a corresponding allotment coefficient is assigned. The higher of the two values determines your final coefficient.
Allotment Coefficient Table:
- [0, 10) OKB → Coefficient: 1
- [10, 50) OKB → Coefficient: 8 (min), 4 (avg)
- [50, 100) OKB → Coefficient: 16 (min), 8 (avg)
- [100, 500) OKB → Coefficient: 20 (min), 10 (avg)
- [500, 1,000) OKB → Coefficient: 30 (min), 15 (avg)
- [1,000, 2,000) OKB → Coefficient: 36 (min), 18 (avg)
- [2,000+, ∞) OKB → Coefficient: 40 (min), 20 (avg)
Example: If your minimum holding is 50 OKB (coeff. 16) and average is 2,000 OKB (coeff. 20), your final coefficient is 20.
Snapshots are taken randomly across all account types—Funding, Trade, and Finance—so consistent holdings increase your odds.
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Step 2: Participate in the Token Sale
During the pledging window:
- Only OKB is accepted as payment.
- The final exchange ratio between OKB and ELT will be published before the sale begins.
- Users cannot modify or cancel pledges once submitted.
Step 3: Token Allotment Process
After the sale ends:
- ELT tokens are credited directly to your OKX Funding Account.
- The equivalent amount of OKB used for pledging is deducted.
- Any unallocated pledged OKB is automatically released back to your account.
Allocation follows a formula based on:
- Your allotment coefficient
- Your pledged amount
- Total session supply and overall demand
This ensures a fair distribution weighted toward long-term supporters.
Real-World Allocation Example
Let’s consider four users: A, B, C, and D.
| User | Min Holding | Avg Holding | Final Coefficient |
|---|---|---|---|
| A | 50 OKB | 2,000 OKB | 20 |
| B | 5 OKB | 5 OKB | 1 |
| C | 500 OKB | 500 OKB | 30 |
| D | 100 OKB | 1,000 OKB | 20 |
Assuming a total session supply of 2 million ELT and respective pledges of:
- A: 50,000
- B: 5,000
- C: 1,000,000
- D: 1,000,000
Their final allocations are calculated proportionally based on coefficient-weighted bids. Higher coefficients significantly improve allocation odds even with moderate pledge amounts.
About Element Black (ELT)
Element Black is pioneering a new frontier in blockchain gaming and digital creativity.
Project Overview:
- Name: Element Black
- Ticker: ELT
- Total Supply: 4,000,000,000 tokens
- Blockchain Protocol: ERC-20
- Launch Date: April 12, 2022
Vision & Ecosystem
Element Black blends social interaction with NFT creation through its Create-To-Earn model—an evolution beyond Play-to-Earn. It empowers users to:
- Mint and trade NFTs
- Engage with global celebrities
- Earn rewards through content creation and community participation
As a PUGC (Professional User Generated Content) platform, it bridges Web 2.0 influencers with Web3 audiences.
Notable Partnerships:
- Akon – Global music icon
- DJ Snake – Award-winning electronic artist
- James Gunn – Director of Guardians of the Galaxy and The Suicide Squad
- Sid Ganis – Former President of the Academy of Motion Picture Arts and Sciences
These collaborations position ELT as a cultural bridge between mainstream entertainment and decentralized digital ownership.
Frequently Asked Questions (FAQ)
Q: Can I use any cryptocurrency besides OKB to participate?
A: No. Only OKB is accepted during the pledging phase. Make sure you have sufficient OKB in your account before the sale begins.
Q: When will I receive my ELT tokens?
A: Tokens are automatically credited to your OKX Funding Account shortly after the allotment period ends.
Q: How is the final OKB-to-ELT exchange rate determined?
A: The rate is fixed based on the market price of OKB at 16:00 UTC on April 20, 2022, ensuring transparency and fairness.
Q: Does holding more OKB guarantee more tokens?
A: While holding more OKB increases your allotment coefficient and improves your chances, actual allocation also depends on total demand and your pledge size.
Q: Why am I not eligible even with enough OKB?
A: Eligibility requires meeting all conditions: KYC Level 2, trading volume threshold, and residency in a supported region.
Q: What happens if I don’t get full allocation?
A: Any unused portion of your pledged OKB will be refunded automatically. There’s no risk of losing funds beyond what’s allocated.
Final Notes & Risk Disclosure
OKX reserves the right to:
- Disqualify suspicious accounts
- Modify rules at any time
- Suspend participants involved in fraudulent behavior
All decisions are final and made at OKX’s sole discretion.
⚠️ Risk Warning: Cryptocurrency investments carry substantial risk. Prices can fluctuate widely, and you may lose your entire investment. Always conduct independent research and consult financial experts before participating.
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