ELYS Network ($ELYS, $EDEN) Token Airdrop Information
Elys Network is a blockchain platform that uses fusion technology and the Cosmos ecosystem to support a suite of decentralized financial applications. The project is in a very early stage with the testnet not yet complete. However, Elys Network has confirmed that it will be an incentivized testnet. This means we will be conducting a token airdrop! Elys Network ($ELYS, $EDEN) token airdrop information!
Check out the Elys Network airdrop guide video!
What is the Ellis Network?
Ellis Network distributed ledger system this is Various decentralized financial solutions Powered by nuclear fusion and Cosmos Network. Key features of Elys Network include:
- NextGen Oracle-based decentralized perpetual trading and leveraged lending platform: Elys Network is a platform that allows users to trade and lend with leverage on a variety of assets by using oracles to provide reliable data feeds on market prices and other parameters.
- ETF style multi-asset index pool: Elys Network provides users with the ability to create and invest in diverse asset portfolios, similar to exchange traded funds (ETFs) designed to track the performance of a specific index or sector.
- Highly scalable, interoperable, and secure with best UX, high TPS, and low transaction fees.: Elys Network claims to have a high-performance, user-friendly and secure blockchain network that can handle high transactions per second (TPS) and interoperate with other blockchains while charging low fees to users.
- Built on the Cosmos ecosystem: The Ellis Network is part of the Cosmos Network, a decentralized network of independent blockchains that can communicate with each other using a standard protocol called Inter-Blockchain Communication (IBC).
What are Elys Network ($ELYS, $EDEN) tokens?
Elys Network will have four tokens in its ecosystem: ELYS, ELYS-LP, EDEN, and EDEN-Boost. Some features of Elys Network tokens include:
The following is a summary of tokens and their uses based on the information on this page.
- ellis: ELYS Network’s staking and governance token. It has a low supply and provides inflationary and non-inflationary rewards to users who distribute it. Deflation may occur over time as the ecosystem grows and ELYS are burned.
- Ellis-LP: A liquidity provider token that can be a pool token or a molecule token. Pool tokens are allocated to specific AMM pools, and molecule tokens are allocated to multi-asset indices within a sector. Both types of tokens allow users to provide liquidity and earn rewards.
- Eden: This is a vesting ‘inflation reward’ token earned by both stakers and liquidity providers. EDEN can ‘commit’ to earn additional rewards and participate in governance.
- Eden Boost: Multiplier tokens earned while ELYS is ‘staked’ or EDEN is ‘committed’. The purpose is to reward long-term users and increase rewards.
How to receive Elys Network token airdrop
necessary time: 1 day
Here’s how to receive the Elys Network token airdrop:
- Join the Elys Network
Go to https://tally.so/r/mVQBev and complete the survey to join the waiting list.
- Zealy Questboard Task Completed
Go to Zealy Questboard on Elys Network. Tasks include social tasks such as participating in feuds and gaining roles.
Here is Zealy’s answer:
A (Yes), B (Proof of Stake), A (Validator), B (Voting), C (N/A), C (Osmosis), A (Neutron), C (Stride), B (Stargaze), C (Akash), B (Mars), C (Elys Network), A (example), A (inter-blockchain communication), B (February 18, 2021), B (bridge asset), A (use of smart contracts) ), A (using smart contracts), A (yes), A (ELYS), B (EDEN), C (reward and vesting tokens), B (no), B (basket of assets), A (65 USDC + EDEN % of non-inflationary returns from assets of a particular numerator paid in, A(Perpdex), C (swap),
Elys Network Airdrop Review
There are several factors to consider when reviewing airdrops. First, there is a possibility that the project will conduct an airdrop in the first place. We will then look at how many tokens the project will allocate to the airdrop campaign and the difficulty of participating in the airdrop. It is also important to look at the utility of the token to ensure that it has an actual use and purpose when participating in the airdrop in the first place. Lastly, a factor to consider when reviewing an airdrop is whether a lock-up period applies to the airdropped tokens.
Airdrop possibilities: Elys Network has confirmed that it will be launching an incentivized testnet.
Airdropped token allocation: Elys Network airdrop allocation is unknown.
Airdrop Difficulty: The Elys Network incentive testnet is not yet live, so all you have to do is sign up for the waitlist. However, there is a Zealy quest to complete, and if you answer a quiz incorrectly you have to wait an hour to try again. This made Elys Network one of the most time-consuming and difficult airdrop operations we have ever undertaken.
Token Utility: The $ELYS and $EDEN token utilities are unknown.
Token Lockup: There is no information yet on $ELYS and $EDEN token lockups.
