The world of blockchain gaming and digital collectibles is evolving rapidly, with innovative projects bridging Web 2.0 influence and Web 3.0 interactivity. One such project making waves is Element Black (ELT), now available through the OKX Jumpstart token sale platform. This initiative offers early access to a promising Social-Fi NFT ecosystem built on creativity, community, and creator empowerment.
Whether you're an experienced crypto investor or new to token launches, understanding how to maximize your participation in this event is key. Below, we break down everything you need to know about the ELT token sale — from eligibility and pledging mechanics to allocation strategies and project insights.
🔍 Overview of the ELT Token Sale on OKX Jumpstart
The ELT (Element Black) token sale launched via OKX Jumpstart, providing users a chance to support a next-generation NFT gaming platform. The pledging window opened at 02:00 UTC on April 20, 2022, and remained active for eight hours, concluding at 10:00 UTC.
- Token Price: 1 ELT = $0.007 USD
- Accepted Currency: OKB only
- Total Session Supply: 40,000,000 ELT tokens
- Minimum Pledge: 1 ELT
- Maximum Pledge per User: 260,000 ELT
An important note: The exchange ratio between OKB and ELT was determined based on the OKB market price at 16:00 UTC on April 20, 2022, just before the sale began. This ensures fairness by anchoring the conversion rate to real-time market data.
🎯 Participation Requirements
To qualify for the ELT token sale, participants had to meet two primary conditions:
- KYC Level 2 Verification: Only users who completed full identity verification were eligible.
- Trading Volume Threshold: A minimum of $5,000 in trading volume within the 30 days preceding the sale was required.
Additionally, due to regulatory restrictions, users from certain jurisdictions were excluded. These include:
- China (mainland and Hong Kong)
- United States (including all territories)
- Canada (Ontario and Quebec)
- Iran, North Korea, Cuba, Syria, Crimea, Sudan, Malaysia, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, and Malta
OKX reserves the right to disqualify any user suspected of fraudulent activity or rule violations.
📈 How Allotment Works: Boost Your Chances with OKB
Your chance of receiving ELT tokens wasn’t purely luck-based — it depended heavily on your OKB holdings over a three-day snapshot period: April 17–19, 2022.
Snapshot Rules:
- OKB balances were randomly sampled across three account types: Funding, Trade, and Finance Accounts.
- Both minimum and average OKB holdings during the 3-day window were calculated.
- The higher of the two corresponding allotment coefficients was applied to your participation.
Here’s how the coefficient tiers worked:
| 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 held 50 OKB, 2,000 OKB, and 3,950 OKB over three days:
- 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 consistent long-term holders and encourages strategic positioning ahead of future Jumpstart events.
🛠️ Step-by-Step Participation Guide
Step 1: Maximize Your Allotment Coefficient
Hold more OKB consistently during the snapshot window. Higher balances = higher coefficients = better odds.
Step 2: Participate in the Token Sale
During the designated time frame:
- Use only OKB to pledge.
- Confirm the final OKB-to-ELT exchange rate displayed on the Jumpstart page.
Step 3: Receive Tokens
After the sale ends:
- ELT tokens are credited to your OKX Funding Account.
- The equivalent OKB amount is deducted.
- Any unallocated pledged OKB is released back to your account.
Allocation follows a weighted distribution model based on your coefficient and total demand.
🧮 Allocation Example: Who Gets What?
Let’s consider four hypothetical users — A, B, C, and D — with varying OKB positions:
| Metric | User A | User B | User C | User D |
|---|---|---|---|---|
| Min 3-Day Holding (OKB) | 50 | 5 | 500 | 100 |
| Avg 3-Day Holding (OKB) | 2,000 | 5 | 500 | 1,000 |
| Final Allotment Coefficient | 20 | 1 | 30 | 20 |
| Pledge Amount (ELT) | 500 | 50 | 1,000 | 1,000 |
Assuming total session supply was limited to 2,650 ELT, allocations would be distributed proportionally based on pledge size and coefficient weight. This ensures fairness while prioritizing committed community members.
🌐 About Element Black (ELT): The Future of Social-Fi Gaming
Element Black isn't just another NFT game — it's a Social-Fi NFT ecosystem designed to merge entertainment, celebrity culture, and blockchain innovation.
Core Features:
- Create-to-Earn Model: Users earn by creating and trading digital assets.
- NFT 2.0 Vision: Dynamic NFTs that evolve with user interaction and social engagement.
- Celebrity & Brand Integration: Partnerships with global icons like Akon, DJ Snake, James Gunn (director of Guardians of the Galaxy), and Sid Ganis (former Oscars president).
- Web3 Gateway: Acts as a bridge connecting traditional influencers and fashion brands with decentralized communities.
Key Project Details:
- Token Name: Element Black (ELT)
- Ticker: ELT
- Total Supply: 4 billion ELT
- Blockchain Protocol: ERC-20
- Launch Date: April 12, 2022
With ambitions to become the leading PUGC (Professional User-Generated Content) NFT platform, Element Black aims to redefine digital ownership and fan interaction in the metaverse.
❓ Frequently Asked Questions (FAQ)
Q: What is OKX Jumpstart?
A: OKX Jumpstart is a launchpad feature that allows users to participate in early-stage token sales using OKB. It provides fair access to high-potential projects before they hit major exchanges.
Q: Why is OKB required for participation?
A: Using OKB aligns incentives within the OKX ecosystem. It rewards loyal users and ensures participants have skin in the game.
Q: Can I increase my chances after the snapshot period?
A: No. The three-day holding period (April 17–19) was fixed. Late deposits do not affect your coefficient.
Q: When will ELT be tradable on spot markets?
A: Typically, tokens from Jumpstart events become available for trading within hours after distribution. Check OKX announcements for exact listing times.
Q: Is there a vesting schedule for ELT tokens?
A: Yes. Like most Jumpstart projects, ELT tokens may be subject to gradual release schedules depending on team commitments and ecosystem development goals.
Q: How does Social-Fi differ from traditional NFT games?
A: Social-Fi emphasizes community-driven content creation and social bonding. Unlike play-to-earn models focused on gameplay alone, Social-Fi rewards users for building networks, sharing creations, and engaging with influencers.
🔚 Final Thoughts
The Element Black token sale on OKX Jumpstart represented more than just an investment opportunity — it was a gateway into a new era of digital creativity and social connection. By combining celebrity partnerships with blockchain-powered ownership, ELT positions itself at the forefront of Web3 innovation.
For those looking to get involved in transformative projects early, platforms like OKX Jumpstart offer structured, secure pathways — provided you meet eligibility criteria and plan ahead.
👉 See what’s next in blockchain innovation — explore upcoming token sales on OKX today.
Remember: Digital asset investment carries risk. Always conduct thorough research and consult financial advisors before participating.