Comprehensive Guide to Elixir

All activities for potential reward from Elixir

Elixir is a cutting-edge DPoS (Delegated Proof of Stake) network designed to enhance liquidity on exchanges. The project has successfully raised $17.6 million in investments from prominent funds like NGC Ventures, Amber Group, and Arthur Hayes. This guide will provide a comprehensive overview of the project, current campaigns, and detailed instructions on how to participate in potential token airdrops.

Overview of Elixir

Elixir is currently running a campaign called “The Elixir Apothecary,” where participants can earn points by providing liquidity. A total of 20 million points are available, with 1 million points distributed weekly. The project has also announced the ELX token, which is anticipated to launch alongside the mainnet. ELX will be the sole governance token, enabling holders to propose and vote on network decisions.

Key Features:

• Modular DPoS Network: Designed for efficient liquidity on exchanges.
• Significant Funding: $17.6 million raised from leading investment firms.
• Current Campaign: “The Elixir Apothecary” with weekly point distributions.
• ELX Token: Upcoming governance token for the ecosystem.

Potential Token Airdrop: Actions to Take

To potentially receive an ELX token airdrop, participants need to engage in various activities within the Elixir ecosystem. Below is a step-by-step guide to help you get started.

1. Complete Elixir Quests on Zealy

1. Visit Zealy Website: Navigate to the Zealy platform.
2. Connect Your Wallet: Ensure your crypto wallet is linked.
3. Follow the Instructions: Complete the tasks provided on the platform.

2. Participate in Liquidity Activities

Step 1: Connect and Verify

1. Visit the Elixir Website: Go to the official Elixir site.
2. Connect Your Wallet: Ensure your crypto wallet is linked.
3. Verify Social Media Accounts: Follow the prompts to verify your accounts.

Step 2: Mint ELXETH

• Click on the “MINT ELXETH” button on the website.

Step 3: Contribute ETH as Liquidity

1. Contribute ETH: Provide a minimum of $100 in ETH.
2. Locked Until Mainnet Launch: ETH will be locked until the mainnet launch, expected in August.
3. Receive Bonus Points: Locking ETH grants a 50% bonus in additional points.

Step 4: Contribute USDC to Liquidity Pools

1. Provide USDC: Add USDC to the liquidity pools.
2. Withdraw Anytime: Unlike ETH, USDC can be withdrawn at any time.
3. No Bonus Points: This option does not include the 50% bonus in additional points.
4. Supported Networks: SUI, Arbitrum, Ethereum.

3. Set Up a Node and Become a Validator

• For advanced users, setting up a node to become a network validator is another way to participate. More details can be found in the related documentation.

Conclusion

Elixir’s campaign offers an exciting opportunity to engage with the platform and earn points, potentially convertible into ELX tokens after the mainnet launch. By providing liquidity in ETH or USDC, participants can earn rewards and contribute to the network’s growth.

Key Points Recap:

• Liquidity Provision: Engage by providing ETH or USDC.
• Point Earning System: Accumulate points through participation.
• Stay Informed: Follow Elixir’s social media for updates.

Subscribe to Elixir’s social media channels to stay updated on important announcements and maximize your involvement in this innovative project.

This guide offers a clear pathway for participating in Elixir’s ecosystem, detailing steps to potentially benefit from the upcoming ELX token airdrop.