Elys Network: A Promising Project with Potential Airdrop
Hello Everyone,
I want to talk about a project with potential airdrop.
Project Information:
Within the Cosmos ecosystem, Elys Network is a quick layer 1 blockchain that powers a decentralized suite of financial apps. A fascinating wager is a decentralized perpetual and lending system driven by Cosmos SDK.
Decentralized perpetual protocols have gained a lot of popularity recently, primarily on EVMs.Cosmos Ecosystem is undoubtedly among the largest at the present. Elys Network is creating something truly amazing.
The Elys Network's utility token, the ELYS Token, will have a 200 million token maximum supply.
Official Revenue Distribution:
A core feature of Elys is the revenue sharing model. Under this model, non-inflationary system revenue earned by the network will be distributed among liquidity providers, validators, & delegators of the ELYS Network.
Non-Inflationary Revenue Sources
- Margin Trading Interest Fees
- Styx (Cross Chain Omni Bridge) Fees
- Swap Fees
- Transaction Fees
- MEV (Maximum Extractable Value)
Revenue Sharing Distribution
- Stakers/Delegators: 35%
- Liquidity Providers: 65%
This revenue sharing model preserves value by yielding non-inflationary revenue to users in USDC. Once claimed by stakers/delegators and liquidity providers, earned USDC will be immediately liquid.
ELYS has not yet been released. There may be rewards for joining the Elys testnet.
Join the Waitlist even if testnet details have not yet been released.
You can enter the waiting list with your email address by clicking the "Waitlist for Web App" button in the upper right corner of the website.
We wish it to be a nice project and experience
Best regards
Related Links:
Website: https://elys.network
Discord: https://discord.com/invite/elysnetwork
Zealy: https://zealy.io/c/elys-network
#Airdrop #cryptocurrencies