The world of blockchain gaming and NFT ecosystems continues to evolve, and one project making waves is Element Black (ELT). As part of the OKX Jumpstart program, ELT offers users a unique opportunity to participate in an innovative Social-Fi NFT gaming initiative. This guide breaks down everything you need to know about the ELT token sale, including participation rules, pledging mechanics, and project insights—optimized for clarity, SEO, and user engagement.
👉 Discover how to maximize your allocation in high-potential crypto projects like ELT.
What Is the ELT Token Sale on OKX Jumpstart?
OKX Jumpstart is a launchpad platform that enables users to support early-stage blockchain projects by pledging OKB—the native utility token of OKX—in exchange for new project tokens. The ELT (Element Black) token sale represents a strategic opportunity for users interested in NFT 2.0, Create-to-Earn models, and Web3 social experiences.
While the original event took place in 2022, this article preserves the core mechanics and educational value for future reference, focusing on replicable strategies applicable to upcoming Jumpstart events.
Pledging Details
Understanding the structure of the token sale is essential for maximizing your participation potential.
Key Information:
- Pledging Window: April 20, 2022, from 02:00 AM to 10:00 AM UTC
- Token Price: $0.007 per ELT
- Total Session Supply: 40,000,000 ELT
- Accepted Currency: OKB only
- Exchange Ratio: Determined by the OKB market price at 16:00 UTC on April 20, 2022
There was no over-pledging limit, meaning all eligible participants could pledge within individual caps without competition diluting allocations.
Individual Pledge Limits:
- Minimum Pledge: Equivalent to 1 ELT
- Maximum Pledge: Up to 260,000 ELT per user
Your final allocation depends not just on how much you pledge, but also on your allotment coefficient, which is influenced by your OKB holdings.
Eligibility Requirements
To ensure fair and compliant access, OKX enforced strict participation criteria.
Who Can Participate?
- Users must complete KYC Level 2 verification
- Must reside in a supported jurisdiction (excludes U.S., China, Iran, North Korea, and others)
- Must have an accumulated trading volume exceeding $5,000 within 30 days prior to the event
These measures help maintain regulatory compliance and prioritize active, verified users.
How to Increase Your Allotment Chances
Success in OKX Jumpstart events often hinges on optimizing your allotment coefficient, which directly impacts how many tokens you can receive.
Step-by-Step Guide to Boost Allocation
1. Hold OKB Consistently for 3 Days Before the Event
Eligible holding period: April 17–19, 2022
OKX conducted random daily snapshots across Funding, Trade, and Finance accounts to calculate both:
- Minimum OKB balance during the 3-day window
- Average OKB balance over the same period
2. Understand the Allotment Coefficient System
| 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 |
✅ Key Rule: The higher of the two coefficients (min or average) will be applied.
Example:
User A holds:
- Day 1: 50 OKB
- Day 2: 2,000 OKB
- Day 3: 3,950 OKB
→ Minimum = 50 OKB → Coefficient = 16
→ Average = (50 + 2,000 + 3,950)/3 = ~2,000 → Coefficient = 20
→ Final coefficient = 20
👉 Learn how consistent OKB holdings can boost your chances in future Jumpstart events.
Participation Workflow
Follow these steps to ensure smooth involvement:
Step 1: Check Your Eligibility
- Confirm KYC status
- Verify trading volume history
- Review supported regions list
Step 2: Accumulate and Hold OKB
Hold at least 10 OKB (ideally more than 1,000) consistently from April 17–19 to maximize coefficient.
Step 3: Pledge During the Window
From 02:00–10:00 UTC on April 20:
- Navigate to the Jumpstart page
- Enter desired ELT amount (within limits)
- Confirm using OKB
Step 4: Receive Tokens
After the round ends:
- ELT tokens are credited to your Funding Account
- Used OKB is deducted; unused amounts are released
Allocation Calculation Example
Let’s examine a hypothetical case with four users:
| User | Min Holding | Avg Holding | Coefficient |
|---|---|---|---|
| A | 50 | 2,000 | 20 |
| B | 5 | 5 | 1 |
| C | 500 | 500 | 30 |
| D | 100 | 1,000 | 20 |
Assume total supply = 2 million ELT, and total pledges =
A: 50k ELT, B: 5k ELT, C: 1 million ELT, D: 1 million ELT → Total = ~2.155 million ELT
Since oversubscribed:
Allocation = (User Coefficient × User Pledge) / Σ(Coefficient × Pledge) × Total Supply
Final distributions would reflect weighted fairness based on both commitment and OKB standing.
About Element Black (ELT)
Element Black is positioned at the intersection of entertainment, social interaction, and blockchain innovation.
Core Features:
- Social-Fi + NFT Game Platform
- Create-to-Earn (C2E) model empowering digital creators
- Bridges Web2 celebrities and fashion brands with Web3 experiences
- Focus on Metaverse-based social engagement with global influencers
Project Specifications:
- Token Name: Element Black
- Ticker: ELT
- Total Supply: 4,000,000,000 ELT
- Blockchain Protocol: ERC-20
- Launch Date: April 12, 2022
Notable Partnerships:
- Akon (Global Music Star)
- DJ Snake (Renowned DJ/Producer)
- James Gunn (Director – Guardians of the Galaxy, Suicide Squad)
- Sid Ganis (Former President of the Academy of Motion Picture Arts and Sciences)
These collaborations underscore ELT’s ambition to become a leading PUGC (Professional User-Generated Content) NFT distribution platform.
Frequently Asked Questions (FAQ)
Q: Can I use any currency besides OKB to participate?
A: No. Only OKB is accepted for pledging in OKX Jumpstart events.
Q: How is the exchange rate between OKB and ELT determined?
A: The rate is locked based on the OKB market price at 16:00 UTC on April 20, 2022—before the pledging window opened.
Q: What happens if I don’t meet the minimum trading volume requirement?
A: You will be ineligible to participate regardless of OKB holdings or KYC status.
Q: Are there risks involved in participating in token sales?
A: Yes. Digital asset investments carry market risk. Prices may fluctuate significantly post-listing. Always conduct due diligence.
Q: How do I check my allotment coefficient?
A: Log into your OKX account and visit the Jumpstart page before and during the event to view real-time coefficient data.
Q: Will unsold tokens be redistributed?
A: Typically not. Unallocated tokens are usually returned to the project team or treasury for future use.
Final Notes and Risk Disclosure
OKX reserves the right to disqualify users suspected of fraudulent behavior or rule violations. Participation is subject to jurisdictional restrictions and platform discretion.
⚠️ Risk Warning: Cryptocurrency trading involves substantial risk. You may lose your entire investment. Understand the risks and consult a financial advisor if needed.
👉 Stay ahead in the next big token launch—start building your strategy today.
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