OKX Jumpstart - ELT (Element Black) Sale Details

Dear customers,

We are pleased to announce that ELT (Element Black) will be part of our token sale project on OKX Jumpstart starting at 2:00 am UTC on Apr. 20, 2022.

 

I. Pledging details

1. Time: 2:00 am UTC to 10:00 am UTC on Apr. 20, 2022

2. Sale price: 1 ELT = $0.007

3. Exchange ratio: To be confirmed by the OKB price at 4:00 pm UTC on Apr. 20, 2022 before the pledging date

4. Session supply: Allotment session: 40,000,000 ELT; Overpledging limit: N/A

5. Pledging rules:

• Minimum pledge for individuals: 1 ELT;

• Maximum pledge for individuals: 260,000 ELT

6. Allotment coefficient: Based on OKB position held for 3 consecutive days (Apr. 17–19, 2022) before the pledging date. Allotment coefficient can be viewed on the Jumpstart page

Ⅱ. Conditions of Participation

1. Only users from designated countries who complete KYC 2 verification can participate;

2. The user's accumulated trading volume must exceed $5,000 within 30 days before the pledging period.

 

Ⅲ. Participation Guide

Step 1: How to get a higher allotment amount

1. The more OKB you hold for 3 consecutive days before the pledging date, the more allotment coefficients you will get to participate;

2. Snapshot rules: We will randomly snapshot users' OKX accounts to calculate OKB holding daily, including Funding Account, Trade Account, and Finance Account;

3. If the minimum OKB holding amount and average OKB holding amount correspond to different allotment coefficients, whichever the higher will apply, and consistently holding OKB will guarantee higher allotment coefficients;

4. View your allotment coefficient: You can view your OKB snapshot records and allotment coefficient on the OKX Jumpstart page.

So the Minimum Holding within 3-day of User A is 50 OKB, and the corresponding Allotment Coefficient is 16.

The Average Holding within 3-day of User A is 2,000 OKB ([50 OKB+2,000 OKB+3,950 OKB]/3), and the corresponding Allotment Coefficient is 20.

We will take the larger number of the two, which for User A, the Allotment Coefficient is 20.

 

Step 2: How to participate in the token sale

1. Only OKB is supported during the token sale;

2. Exchange ratio will be confirmed by the OKB price at 4:00 pm UTC on the day before the pledging date, subject to the OKX Jumpstart page.

Step 3: Allotment

1. Once the allotment period ends, tokens will be credited to users’ OKX Funding Account and the corresponding amount of OKB will be deducted. Any remaining amount of OKB on hold for pledge will be released

2.Allotment Calculation, allotment session will follow the allotment formula below:

 

Ⅳ. Example

User A, B, C, and D wish to participate in the Allotment Session. Let’s assume their OKB holding snapshots are as follows:

According to the table above, the allotment coefficient of user A, B, C, and D will be 20, 1, 30, and 20 respectively. Let’s say the session supply is 2,000 tokens, then the pledge of user A, B, C, and D will be 500, 50, 1,000 and 1,000 respectively. The allotment will be as follows:

 

V. About the Project

 

Element Black (ELT) is a Social-Fi NFT Game development company dedicated to building an NFT 2.0/Create-To-Earn ecosystem. It strives to become the PUGC NFT distribution platform at the new age, and the bridge to connect Web 2.0 celebrities and fashion brands with Web 3.0 NFT social experiences. ELT aims to provide a unique and rewarding gaming ecosystem that inspires users' creation and trading on digital assets in Metaverse, and that facilitates social engagements with global celebrities and KOLs. By far, ELT has formed in-depth partnerships with global music stars Akon and DJ Snake, Marvel Universe and DC Universe director James Gunn (Guardians of the Galaxy, Suicide Squad), and Sid Ganis, the former president of the Oscars.

• Project Name: Element Black

• Ticker: ELT

• Total Supply: 4,000,000,000 ELT Token

• Protocol: ERC-20

• Official Website: https://www.element.black/

• Discord: https://discord.gg/elementblack

• Twitter: https://twitter.com/ELTblack

• Release time: Apr. 12, 2022

For more information, please refer to Jumpstart

 

 

Note:

• According to relevant regulations, users from the following regions (according to KYC information) cannot participate: China mainland and Hong Kong, Cuba, Iran, North Korea, Crimea, Sudan, Malaysia, Syria, United States of America [including all U.S.A. territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands (St. Croix, St. John and St. Thomas)], Canada (limited to Ontario and Quebec), Bangladesh, Bolivia, Ecuador, Kyrgyzstan and Malta. Residents of Ontario, Canada are not permitted to open new accounts at OKX or access the Services if they have not yet opened an account.

• This project will only be available to eligible participants as determined by OKX at its sole discretion.

• OKX reserves the right to disqualify or suspend accounts of any participant and confiscate all rewards of any participant who is found to be involved in any fraudulent or other illegal behaviors or activities or violation of any applicable rules or policies of OKX or any campaign or project rules or terms and conditions or announcements (as amended and restated from time to time) in connection with the project, or with the intent to abuse this project or disrupt or undermine the legitimate operation of the project, as determined by OKX at its sole discretion.

• OKX reserves the right of final decision to interpret the applicable rules and policies in connection with this project and determine all matters related to this project and related promotions. OKX reserves the right to amend the rules to this project at any time at its sole discretion. OKX's decision is always final.

 

Risk Warning: Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

 

Regards,

OKX

Apr. 14, 2022