Element Black (ELT) is set to launch on OKX Jumpstart, offering users a unique opportunity to participate in a groundbreaking Social-Fi NFT gaming ecosystem. This token sale represents more than just an investment—it's a gateway into the future of digital creativity, celebrity-driven Web3 experiences, and community-powered NFT innovation.
Scheduled for April 20, 2022, the ELT token sale allows eligible users to pledge OKB in exchange for ELT at a fixed rate. Below is a comprehensive breakdown of everything you need to know—from participation requirements and pledging mechanics to project insights and strategic tips.
🔍 Overview of the ELT Token Sale
The ELT (Element Black) token sale on OKX Jumpstart provides early access to a next-generation NFT platform blending social interaction, celebrity collaborations, and user-generated content. With a total supply of 4 billion ERC-20 tokens, ELT aims to redefine how creators, fans, and brands engage in the metaverse.
👉 Discover how OKX Jumpstart can unlock exclusive token opportunities like ELT.
📅 Pledging Schedule & Key Details
- Pledging Time: April 20, 2022, from 02:00 AM to 10:00 AM UTC
- Token Price: 1 ELT = $0.007
- Exchange Ratio: Determined by the OKB price at 16:00 UTC on April 20, 2022
- Total Tokens Available: 40,000,000 ELT
- Minimum Individual Pledge: 1 ELT
- Maximum Individual Pledge: 260,000 ELT
There is no over-pledging limit, meaning participation is capped per user but not subject to oversubscription penalties.
🎯 Participation Requirements
To qualify for the ELT token sale, users must meet two core conditions:
- KYC Level 2 Verification: Only users from supported regions who have completed advanced identity verification are eligible.
- Trading Volume Requirement: Users must have accumulated over $5,000 in trading volume within the 30 days preceding the pledging period.
⚠️ Note: Users from certain jurisdictions—including the U.S., China (mainland and Hong Kong), Canada (Ontario and Quebec), Iran, North Korea, and others—are excluded due to regulatory restrictions.
🧩 How Allotment Works: The Role of OKB Holdings
Your chances of securing a larger allocation depend heavily on your OKB holdings over a three-day snapshot window: April 17–19, 2022.
OKX uses two metrics to calculate your Allotment Coefficient:
- Minimum daily OKB balance during the 3-day period
- Average daily OKB balance across the same period
Whichever yields the higher coefficient will be applied.
Allotment Coefficient Tiers
| OKB Holding Range | Minimum Holding Coefficient | Average 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 |
For example:
A user holding 50 OKB, 2,000 OKB, and 3,950 OKB over three days has:
- Minimum holding: 50 OKB → Coefficient: 16
- Average holding: (50 + 2,000 + 3,950) ÷ 3 = ~2,000 OKB → Coefficient: 20
- Final coefficient used: 20 (the higher value)
This system rewards both consistent holding and high balances.
✅ Step-by-Step Participation Guide
Step 1: Maximize Your Allotment Coefficient
Hold as much OKB as possible across your Funding, Trade, and Finance Accounts during the snapshot window. Random daily snapshots ensure fair tracking.
👉 Learn how holding OKB can boost your access to exclusive token launches.
Step 2: Participate Using OKB
During the pledging window:
- Only OKB is accepted as payment.
- The final exchange ratio will be locked based on the OKB market price at 16:00 UTC on April 20, displayed live on the Jumpstart page.
Step 3: Token Distribution
After pledging ends:
- ELT tokens are automatically credited to your OKX Funding Account.
- Corresponding OKB is deducted.
- Any unallocated pledged OKB is released back to your account.
Allocation follows this formula:
Individual Allocation = (User’s Allotment Coefficient × User’s Pledge Amount) ÷ (Sum of All Users’ Coefficients × Their Pledges) × Total Session Supply
📘 Real-World Example: User Allocations
Let’s examine four hypothetical users—A, B, C, and D:
| Metric | User A | User B | User C | User D |
|---|---|---|---|---|
| Min OKB (3-day) | 50 | 5 | 500 | 100 |
| Avg OKB (3-day) | 2,000 | 5 | 500 | 1,000 |
| Final Allotment Coefficient | 20 | 1 | 30 | 20 |
| Pledged Amount (ELT) | 500 | 50 | 1,000 | 1,000 |
With a total session supply of 2,000 ELT, their allocations would be calculated proportionally based on coefficient-weighted pledges.
This example illustrates how strategic OKB management significantly boosts eligibility.
🌐 About Element Black (ELT)
Element Black isn’t just another NFT project—it's a visionary Social-Fi NFT Game platform building the foundation for a Create-to-Earn metaverse.
Core Mission
ELT aims to become the premier PUGC (Professional User-Generated Content) NFT distribution hub—bridging Web 2.0 influencers and fashion brands with immersive Web3 experiences.
Key Features
- Creator-centric economy encouraging digital art and content creation
- Direct engagement with global celebrities and KOLs
- Integration with major pop culture franchises
Notable Partnerships
Element Black has secured high-profile collaborations with:
- Akon – Global music icon
- DJ Snake – World-renowned electronic artist
- James Gunn – Director of Guardians of the Galaxy and The Suicide Squad
- Sid Ganis – Former President of the Academy of Motion Picture Arts and Sciences (Oscars)
These partnerships position ELT at the intersection of entertainment, fashion, and blockchain innovation.
Project Specifications
- Token Name: Element Black
- Ticker: ELT
- Total Supply: 4,000,000,000 ELT
- Blockchain Protocol: ERC-20
- Launch Date: April 12, 2022
❓ Frequently Asked Questions (FAQ)
Q: Can I use any cryptocurrency besides OKB to participate?
A: No. Only OKB is accepted during the pledging phase.
Q: When will I receive my ELT tokens after pledging?
A: Tokens are credited to your Funding Account immediately after the allotment period ends.
Q: How is the exchange rate between OKB and ELT determined?
A: It’s based on the market price of OKB at 16:00 UTC on April 20, 2022.
Q: What happens if I don’t meet the minimum trading volume requirement?
A: You won’t be eligible to participate, even if you hold sufficient OKB.
Q: Are there risks involved in participating in Jumpstart projects?
A: Yes. Digital asset investments carry market risk. Prices may fluctuate significantly post-launch.
Q: Can I increase my chances by creating multiple accounts?
A: No. OKX prohibits multi-accounting and may disqualify or suspend violators.
💡 Final Tips for Success
To maximize your chances in the ELT sale:
- Ensure KYC Level 2 is completed well in advance.
- Maintain a strong OKB position from April 17–19.
- Monitor your allotment coefficient via the Jumpstart dashboard.
- Meet the $5,000 trading volume threshold early.
👉 Secure your spot in future token sales by preparing now on OKX.
Disclaimer: This information is for educational purposes only and does not constitute financial advice. Cryptocurrency investments involve risk; conduct thorough research before participating.