Element Black (ELT) is set to make its debut on OKX Jumpstart, offering users a unique opportunity to participate in an innovative Social-Fi NFT gaming ecosystem. This token sale presents early access to ELT tokens, which power a next-generation platform bridging Web 2.0 celebrities and fashion brands with immersive Web 3.0 experiences.
The sale is scheduled to begin at 2:00 AM UTC on April 20, 2022, and will follow a structured pledging mechanism based on user engagement and OKB holdings. Below, we break down all essential details including eligibility, participation steps, allocation logic, and project insights.
🕒 Pledging Period and Key Details
The ELT token sale via OKX Jumpstart will be time-bound and highly competitive due to limited supply.
- Pledging Window: 2:00 AM – 10:00 AM UTC, April 20, 2022
- Token Price: 1 ELT = $0.007 USD
- Total Session Supply: 40,000,000 ELT tokens
- Maximum Individual Pledge: 260,000 ELT
- Minimum Individual Pledge: 1 ELT
- Accepted Currency: OKB only
- Exchange Ratio: Determined by the OKB market price at 4:00 PM UTC on April 19, 2022
⚠️ Note: There is no over-pledging limit, meaning users cannot exceed their eligible pledge cap regardless of OKB balance.
👉 Discover how your OKB holdings can boost your allocation in this high-demand token sale.
🔐 Eligibility Requirements
Not all users can join the ELT sale. To ensure compliance and fairness, OKX has set strict participation conditions:
- KYC Verification: Users must complete Level 2 identity verification.
Geographic Restrictions: Participation is prohibited for residents of:
- China (mainland and Hong Kong)
- United States (including territories)
- Canada (Ontario and Quebec)
- Cuba, Iran, North Korea, Syria, Sudan, Crimea
- Malaysia, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Malta
- Trading Volume Requirement: Users must have traded over $5,000 worth of digital assets within the 30 days preceding the sale.
These measures help maintain regulatory compliance and prevent abuse of the system.
📈 How Allotment Coefficients Work
Your chances of receiving ELT tokens depend heavily on your OKB holdings over a three-day snapshot period: April 17–19, 2022.
OKX evaluates two metrics:
- Minimum daily OKB balance during the 3-day window
- Average daily OKB balance across the same period
The higher of the two corresponding allotment coefficients will be applied to your account.
Allotment Coefficient Table
| OKB Holding Range | Min Holding Coefficient | Avg Holding Coefficient |
|---|---|---|
| [0, 10) | 1 | 1 |
| [10, 50) | 8 | 4 |
| [50, 100) | 16 | 8 |
| [100, 500) | 20 | 10 |
| [500, 1,000) | 30 | 15 |
| [1,000, 2,000) | 36 | 18 |
| [2,000, ∞) | 40 | 20 |
✅ Example: If a user holds 50 OKB, 2,000 OKB, and 3,950 OKB across the three days:
- Minimum = 50 → Coefficient: 16
- Average = (50 + 2,000 + 3,950)/3 ≈ 2,000 → Coefficient: 20
- Final Coefficient = 20 (higher value applies)
Users can view their snapshot records and coefficient directly on the OKX Jumpstart page before pledging.
👉 Maximize your chances—learn how consistent OKB holding increases your allocation power.
🛠️ Step-by-Step Participation Guide
Step 1: Boost Your Allotment Coefficient
Hold more OKB consistently across Funding, Trade, and Finance Accounts from April 17–19. Random snapshots will capture balances daily.
Step 2: Prepare for Pledging
Ensure you:
- Have sufficient OKB in your account
- Are logged in during the pledging window (2:00–10:00 AM UTC)
- Only use OKB as payment
The final OKB-to-ELT exchange rate will be locked based on the OKB price at 4:00 PM UTC on April 19.
Step 3: Submit Your Pledge
During the pledging period:
- Enter your desired ELT amount (within individual limits)
- Confirm using OKB
- Wait for allocation results
After the sale ends:
- ELT tokens will be credited to your Funding Account
- Used OKB will be deducted
- Unused pledged OKB will be released back to your balance
🧮 Allocation Calculation Example
Let’s consider four users: A, B, C, and D.
| Metric | User A | User B | User C | User D |
|---|---|---|---|---|
| Min OKB Holding (3-day) | 50 | 5 | 500 | 100 |
| Avg OKB Holding (3-day) | 2,000 | 5 | 500 | 1,000 |
| Allotment Coefficient | 20 | 1 | 30 | 20 |
| Pledge Amount (ELT) | 500 | 50 | 1,000 | 1,000 |
Assuming total session supply is 2,655 ELT, allocations are calculated proportionally based on pledge size and coefficient-weighted eligibility.
This transparent formula ensures fairness while rewarding long-term platform supporters.
💡 About Element Black (ELT)
Element Black is pioneering the convergence of social interaction, celebrity influence, and blockchain gaming through its Social-Fi NFT Game ecosystem.
Core Features
- Create-to-Earn Model: Users generate content and earn rewards.
- NFT 2.0 Integration: Dynamic, interactive NFTs beyond static ownership.
Celebrity Partnerships: Collaborations with global icons like:
- Akon (music legend)
- DJ Snake (award-winning DJ)
- James Gunn (director of Guardians of the Galaxy, Suicide Squad)
- Sid Ganis (former President of the Academy of Motion Picture Arts and Sciences)
Tokenomics
- Ticker: ELT
- Total Supply: 4 billion ELT
- Blockchain Protocol: ERC-20
- Launch Date: April 12, 2022
ELT aims to become a leading PUGC (Professional User Generated Content) NFT distribution platform—connecting traditional entertainment with decentralized digital experiences in the Metaverse.
❓ Frequently Asked Questions (FAQ)
Q: Can I participate if I just bought OKB before the snapshot?
A: No. You must hold OKB for three consecutive days (April 17–19) to qualify for coefficient calculation. Short-term purchases won’t count toward average or minimum thresholds.
Q: What happens if I pledge but don’t get any tokens?
A: If demand exceeds supply and your allocation is zero due to low coefficient or late entry, your pledged OKB will be fully returned without deduction.
Q: Is there a risk of price volatility after listing?
A: Yes. Like all crypto assets, ELT may experience significant price swings post-listing. Always assess market conditions and invest responsibly.
Q: How do I check my allotment result?
A: Results will appear automatically in your Funding Account after the sale concludes. You’ll also receive a notification via the OKX app or email.
Q: Can I use other tokens besides OKB?
A: No. Only OKB is accepted for pledging during this Jumpstart event.
Q: Will there be future rounds for ELT?
A: This depends on the project team and OKX. There’s no guarantee of additional sales. Participating in this round offers the best chance for early access.
👉 Secure your spot now—don’t miss out on one of the most anticipated NFT gaming launches of the year.
Final Notes
OKX reserves the right to disqualify any user suspected of fraudulent behavior, bot usage, or rule violations. Participation is subject to eligibility checks and final approval by OKX.
While opportunities like Jumpstart offer exciting entry points into emerging projects, always conduct independent research and understand the risks involved in digital asset investment.
Element Black represents a bold step toward merging pop culture with decentralized innovation—making it a compelling opportunity for forward-thinking investors and creators alike.