Elektrik

Elektrik is a decentralized spot exchange offering seamless trading and liquidity provision (LP) experiences, supported by gasless transactions and the ELTK token economy. With the ELTK launch on May 30, the protocol will roll out features to unlock a thriving token economy. Between the ELTK LBP and June 16, 2024, the following releases will occur: ### Release 1 - Curated ELTK liquidity bootstrapping pool on Fjord Foundry Ethereum Mainnet (May 27-30) - ELTK pool live on Elektrik Lightlink Phoenix (May 30) ### Release 2 - Elektrik phase 1 airdrop (June Wk 1) ### Release 3 - ELTK locking and veELTK (mid-June) - LP position staking (mid-June) - ELTK emissions voting (mid-June) - Elektrik protocol fees (mid-June) Following these releases, the ELTK token economy will be fully functional, allowing the development team to focus on advanced tooling for traders and LPs and scaling key metrics. ## ELTK - A Utility Token ELTK is categorized as a utility token. Key considerations include: - veELTK grants voting rights on key protocol decisions, aligning user influence with stake and commitment duration. - Users locking ELTK earn higher yields, rewarding their commitment. - Holding veELTK unlocks access to gated platform features, such as advanced trading interfaces and analytics. - Reducing the liquid supply of ELTK stabilizes the token economy and aligns holders' interests with long-term success. This model provides direct benefits to both holders and the protocol, kickstarting a flywheel to bootstrap the token economy of any asset on Elektrik. ## The Elektrik Flywheel The ELTK token economy promotes engagement and liquidity through interconnected mechanisms: - Users lock ELTK to obtain veELTK, gaining 100% of protocol fees and voting rights to direct token emissions across liquidity pools. - veELTK holders receive weekly rebased ELTK rewards, ensuring stable governance influence. - LPs earn from swap fees and staking LP tokens to receive ELTK emissions, incentivizing reinvestment into veELTK. This cyclical investment strengthens platform liquidity and user engagement, creating a self-sustaining growth loop that fosters a dynamic decentralized exchange while accruing value to ELTK. ## Ecosystem Benefits of ELTK Other ecosystem token issuers can use Elektrik to bootstrap their token economies. By purchasing and locking ELTK, protocols can direct a share of ELTK weekly emissions to their token’s pools, increasing incentivization for liquidity provision. This enhances liquidity, tradability, and trade fees for LPs, boosting token scarcity and community growth from Lightlink and Elektrik users. From a protocol perspective, veELTK accumulation diversifies treasury holdings, provides exposure to a scarce asset, and boosts key metrics, rewarding their community. These strategies create a robust environment for new tokens to thrive in the Lightlink ecosystem. ## ELTK Rewards Model 20% of the total ELTK supply is allocated to rewards for the life of the protocol. Each epoch (1 week), ELTK tokens are awarded to LP stakers and ELTK lockers based on emissions voting. Epoch 1 will release 75k ELTK, with emissions decaying by 1% each epoch. The rewards pool (20% of total supply) is expected to sustain 5.5 years of distributions. Beyond this, treasury assets and protocol revenue will sustain emissions. ## Elektrik’s Road to Decentralization Initially, the Elektrik core team will make platform decisions. Over time, decision-making power will be decentralized to veELTK holders, aligning governance with long-term stakeholder interests. Further information on the decentralization roadmap will be released following Elektrik V2 and subsequent features. ## Conclusion The launch of the ELTK token and its vote escrow system marks a pivotal step for Elektrik. ELTK provides incentives for traders, LPs, and voters to participate in bootstrapping Elektrik and the LightLink DeFi ecosystem. Together, we will scale the LightLink DeFi ecosystem to new heights! ### Social + Community: - [Website](https://elektrik.network/) - [Twitter](https://x.com/ElektrikNetwork) - [Discord](https://discord.com/invite/kF3n9FWCZ4) - [Telegram](https://t.me/elektrikzapchat)

Sale type
Liquidity Bootstrapping Pool
Cryptogrills logo
Launch partner
Cryptogrills
LP LockNone
Raise typePublic
Elektrik
Ethereum$ELTK
Elektrik is a decentralized spot exchange offering seamless trading and liquidity provision (LP) experiences, supported by gasless transactions and the ELTK token economy. With the ELTK launch on May 30, the protocol will roll out features to unlock a thriving token economy. Between the ELTK LBP and June 16, 2024, the following releases will occur: ### Release 1 - Curated ELTK liquidity bootstrapping pool on Fjord Foundry Ethereum Mainnet (May 27-30) - ELTK pool live on Elektrik Lightlink Phoenix (May 30) ### Release 2 - Elektrik phase 1 airdrop (June Wk 1) ### Release 3 - ELTK locking and veELTK (mid-June) - LP position staking (mid-June) - ELTK emissions voting (mid-June) - Elektrik protocol fees (mid-June) Following these releases, the ELTK token economy will be fully functional, allowing the development team to focus on advanced tooling for traders and LPs and scaling key metrics. ## ELTK - A Utility Token ELTK is categorized as a utility token. Key considerations include: - veELTK grants voting rights on key protocol decisions, aligning user influence with stake and commitment duration. - Users locking ELTK earn higher yields, rewarding their commitment. - Holding veELTK unlocks access to gated platform features, such as advanced trading interfaces and analytics. - Reducing the liquid supply of ELTK stabilizes the token economy and aligns holders' interests with long-term success. This model provides direct benefits to both holders and the protocol, kickstarting a flywheel to bootstrap the token economy of any asset on Elektrik. ## The Elektrik Flywheel The ELTK token economy promotes engagement and liquidity through interconnected mechanisms: - Users lock ELTK to obtain veELTK, gaining 100% of protocol fees and voting rights to direct token emissions across liquidity pools. - veELTK holders receive weekly rebased ELTK rewards, ensuring stable governance influence. - LPs earn from swap fees and staking LP tokens to receive ELTK emissions, incentivizing reinvestment into veELTK. This cyclical investment strengthens platform liquidity and user engagement, creating a self-sustaining growth loop that fosters a dynamic decentralized exchange while accruing value to ELTK. ## Ecosystem Benefits of ELTK Other ecosystem token issuers can use Elektrik to bootstrap their token economies. By purchasing and locking ELTK, protocols can direct a share of ELTK weekly emissions to their token’s pools, increasing incentivization for liquidity provision. This enhances liquidity, tradability, and trade fees for LPs, boosting token scarcity and community growth from Lightlink and Elektrik users. From a protocol perspective, veELTK accumulation diversifies treasury holdings, provides exposure to a scarce asset, and boosts key metrics, rewarding their community. These strategies create a robust environment for new tokens to thrive in the Lightlink ecosystem. ## ELTK Rewards Model 20% of the total ELTK supply is allocated to rewards for the life of the protocol. Each epoch (1 week), ELTK tokens are awarded to LP stakers and ELTK lockers based on emissions voting. Epoch 1 will release 75k ELTK, with emissions decaying by 1% each epoch. The rewards pool (20% of total supply) is expected to sustain 5.5 years of distributions. Beyond this, treasury assets and protocol revenue will sustain emissions. ## Elektrik’s Road to Decentralization Initially, the Elektrik core team will make platform decisions. Over time, decision-making power will be decentralized to veELTK holders, aligning governance with long-term stakeholder interests. Further information on the decentralization roadmap will be released following Elektrik V2 and subsequent features. ## Conclusion The launch of the ELTK token and its vote escrow system marks a pivotal step for Elektrik. ELTK provides incentives for traders, LPs, and voters to participate in bootstrapping Elektrik and the LightLink DeFi ecosystem. Together, we will scale the LightLink DeFi ecosystem to new heights! ### Social + Community: - [Website](https://elektrik.network/) - [Twitter](https://x.com/ElektrikNetwork) - [Discord](https://discord.com/invite/kF3n9FWCZ4) - [Telegram](https://t.me/elektrikzapchat)
Sale Type
Liquidity Bootstrapping Pool
Launch Partner
Cryptogrills
LP Lock
None
Raise Type
Public
Completed
Current Price
0.0287
Tokens Sold
95.8%
Market Cap
114.4K
FDV
2.574M
Funds Raised
71.24K
May 30, 10:00:00
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About Project
Elektrik is a decentralized spot exchange offering seamless trading and liquidity provision (LP) experiences, supported by gasless transactions and the ELTK token economy. With the ELTK launch on May 30, the protocol will roll out features to unlock a thriving token economy. Between the ELTK LBP and June 16, 2024, the following releases will occur:
Release 1
  • Curated ELTK liquidity bootstrapping pool on Fjord Foundry Ethereum Mainnet (May 27-30)
  • ELTK pool live on Elektrik Lightlink Phoenix (May 30)
Release 2
  • Elektrik phase 1 airdrop (June Wk 1)
Release 3
  • ELTK locking and veELTK (mid-June)
  • LP position staking (mid-June)
  • ELTK emissions voting (mid-June)
  • Elektrik protocol fees (mid-June)
Following these releases, the ELTK token economy will be fully functional, allowing the development team to focus on advanced tooling for traders and LPs and scaling key metrics.
ELTK - A Utility Token
ELTK is categorized as a utility token. Key considerations include:
  • veELTK grants voting rights on key protocol decisions, aligning user influence with stake and commitment duration.
  • Users locking ELTK earn higher yields, rewarding their commitment.
  • Holding veELTK unlocks access to gated platform features, such as advanced trading interfaces and analytics.
  • Reducing the liquid supply of ELTK stabilizes the token economy and aligns holders' interests with long-term success.
This model provides direct benefits to both holders and the protocol, kickstarting a flywheel to bootstrap the token economy of any asset on Elektrik.
The Elektrik Flywheel
The ELTK token economy promotes engagement and liquidity through interconnected mechanisms:
  • Users lock ELTK to obtain veELTK, gaining 100% of protocol fees and voting rights to direct token emissions across liquidity pools.
  • veELTK holders receive weekly rebased ELTK rewards, ensuring stable governance influence.
  • LPs earn from swap fees and staking LP tokens to receive ELTK emissions, incentivizing reinvestment into veELTK.
This cyclical investment strengthens platform liquidity and user engagement, creating a self-sustaining growth loop that fosters a dynamic decentralized exchange while accruing value to ELTK.
Ecosystem Benefits of ELTK
Other ecosystem token issuers can use Elektrik to bootstrap their token economies. By purchasing and locking ELTK, protocols can direct a share of ELTK weekly emissions to their token’s pools, increasing incentivization for liquidity provision. This enhances liquidity, tradability, and trade fees for LPs, boosting token scarcity and community growth from Lightlink and Elektrik users.
From a protocol perspective, veELTK accumulation diversifies treasury holdings, provides exposure to a scarce asset, and boosts key metrics, rewarding their community. These strategies create a robust environment for new tokens to thrive in the Lightlink ecosystem.
ELTK Rewards Model
20% of the total ELTK supply is allocated to rewards for the life of the protocol. Each epoch (1 week), ELTK tokens are awarded to LP stakers and ELTK lockers based on emissions voting. Epoch 1 will release 75k ELTK, with emissions decaying by 1% each epoch. The rewards pool (20% of total supply) is expected to sustain 5.5 years of distributions. Beyond this, treasury assets and protocol revenue will sustain emissions.
Elektrik’s Road to Decentralization
Initially, the Elektrik core team will make platform decisions. Over time, decision-making power will be decentralized to veELTK holders, aligning governance with long-term stakeholder interests. Further information on the decentralization roadmap will be released following Elektrik V2 and subsequent features.
Conclusion
The launch of the ELTK token and its vote escrow system marks a pivotal step for Elektrik. ELTK provides incentives for traders, LPs, and voters to participate in bootstrapping Elektrik and the LightLink DeFi ecosystem. Together, we will scale the LightLink DeFi ecosystem to new heights!
Social + Community:
Sale Details
Price Discovery
Start Price Per Token
0.0₂₀29 WETHWETH
Start Weights:
99.0%ELTK
1.0%WETH
End Weights:
1.0%ELTK
99.0%WETH
Max Raise(Hard Cap)
0 WETHWETH
Sale Network:
Ethereum
Raise Type
public
Token Type
ERC-20
Learn more about sale types and financial data in our Fjord Docs
Public Sale Duration
The Public Sale may start earlier if the previous stages finish ahead of schedule. However, it will always end at the set final date and time.
Expected Start Date:
May 27, 2024, 10:00 AM UTC
Duration
3 days
End Date
May 30, 2024, 10:00 AM UTC
Post Sale Details
Token Vesting
No Token Vesting
LP Lock
Locks the sale’s liquidity after the sale to guarantee ongoing trading and prevent sudden withdrawals.
No LP Lock
Token Redemption
Redemption Opens
Thu 30, 2024, 10:00 AM UTC
Previous Investment Rounds
Review key information from prior fundraising rounds, including funds raised, valuations, TGE percentages, and vesting periods, to gain a clear financial snapshot of the project's journey. Please verify all information independently and do your own research (DYOR).
No Previous Investment Round Details
Launch Partner Review
Launch partners enhance Fjord project launches by reviewing projects to meet personal standards, setting parameters to protect all parties' interests (e.g., liquidity locks, token vesting, funding caps), and providing marketing support (if applicable). Always DYOR and verify info.
Launch Partner
Cryptogrills
Curated Elektrik because they're the first mover DEX on the Lightlink network. They also have official backing from the Lightlink team. With their gassless swapping I believe they will be able to grab marketshare smoothly. Disclaimer: Curations are only to be seen as an opinion. In no way is Curation to be seen as financial advice. Always do personal due diligence before investing.
Cryptogrills
Did project provide KYC to Launch Partner?
Yes
FAQ
Connect your wallet, review the sale details, then choose the token and amount you want to contribute. If approval is required, approve the spending limit first, then confirm the purchase in your wallet.
Sale tokens are normally claimed after the sale closes. If the project configured a claim delay or token vesting, the sale page will show the timing and claim options.