The OKX Jumpstart platform continues to empower users with early access to innovative blockchain projects, and the upcoming ELT (Element Black) token sale is no exception. Designed for fairness, transparency, and user engagement, this event offers a strategic opportunity for participants to secure ELT tokens at a fixed rate. Whether you're new to token sales or a seasoned participant, this guide walks you through everything you need to know—participation requirements, pledging mechanics, allocation calculations, and how to maximize your chances of success.
What Is the ELT Token Sale on OKX Jumpstart?
The ELT (Element Black) token sale is hosted on OKX Jumpstart, a launchpad that enables users to support promising Web3 and blockchain-based ecosystems. ELT serves as the native utility token within the Element Black network, which focuses on decentralized identity, data privacy, and secure digital interactions. By participating in this sale, users can acquire ELT tokens before broader market availability.
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The sale is structured as a pledge-based allocation model, meaning users commit OKB (OKX’s native token) during a fixed window, and receive ELT based on availability and their individual eligibility.
Pledging Details
Sale Schedule
- Pledging Period: April 20, 2022, from 02:00 to 10:00 UTC
- Exchange Rate Determination: The final OKB-to-ELT conversion ratio will be calculated using the OKB market price at 16:00 UTC on April 20, 2022.
Key Metrics
- Token Price: 1 ELT = $0.007 USD
- Total Tokens Available: 40,000,000 ELT
- Minimum Individual Pledge: Equivalent to 1 ELT
- Maximum Individual Pledge: Capped at 260,000 ELT per user
There is no over-pledging limit, meaning if total demand exceeds supply, allocations will be prorated accordingly based on user eligibility and pledge amounts.
How Allocation Works: The Allotment Coefficient System
Your chances of receiving a larger allocation depend on your OKB holdings in the three days leading up to the sale. OKX uses a smart snapshot mechanism to determine user eligibility.
Snapshot Rules
- Daily random snapshots of your OKB balance across all account types: Funding Account, Trade Account, and Finance Account.
- The snapshot period covers April 17–19, 2022 (three consecutive days).
Two metrics are evaluated:
- Minimum daily OKB balance during the 3-day period
- Average daily OKB balance over the same period
For each metric, an allotment coefficient is assigned based on predefined tiers. The higher of the two coefficients will be applied to your final allocation.
Allotment Coefficient Tiers
| 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, 1000) | 30 | 15 |
| [1000, 2000) | 36 | 18 |
| [2000, ∞) | 40 | 20 |
Example: User A holds 50 OKB on Day 1, 2,000 OKB on Day 2, and 3,950 OKB on Day 3.
- 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 consistency and volume in OKB holdings.
Participation Requirements
To qualify for the ELT token sale, users must meet the following criteria:
- Geographic Eligibility: Only users from supported jurisdictions may participate.
- KYC Level 2 Verification: Complete identity verification on OKX.
- Trading Volume Requirement: Accumulated trading volume exceeding $5,000 USD within the 30 days prior to the pledging period.
These measures ensure compliance with regulatory standards and promote a fair environment for active traders.
Step-by-Step Participation Guide
Step 1: Maximize Your Allotment Coefficient
To increase your allocation potential:
- Maintain a high OKB balance across all accounts during the snapshot window (April 17–19).
- Aim for both high minimum and average balances to unlock the best coefficient.
- Monitor your status in real time via the OKX Jumpstart dashboard.
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Step 2: Participate in the Token Sale
On April 20, during the pledging window:
- Navigate to the OKX Jumpstart page.
- Confirm the final exchange rate (based on OKB price at 16:00 UTC).
- Use OKB only to pledge for ELT tokens.
- Enter your desired pledge amount (within individual limits).
No other cryptocurrencies or fiat are accepted.
Step 3: Receive Your Tokens
After the pledging period ends:
- ELT tokens will be credited to your OKX Funding Account.
- The corresponding OKB amount will be deducted.
- Any unutilized pledged OKB (due to proration or undersubscription) will be released back to your account.
Allocation follows this formula:
Individual Allocation = (User’s Pledge Amount × User’s Allotment Coefficient) / Σ (All Users’ Pledge Amount × Their Coefficients) × Total Session Supply
This weighted system ensures users with higher engagement receive proportionally greater access.
Frequently Asked Questions (FAQ)
Q: Can I use cryptocurrencies other than OKB to participate?
A: No. Only OKB is accepted as the pledge asset for this token sale.
Q: What happens if I don’t meet the $5,000 trading volume requirement?
A: You will be ineligible to participate. Make sure your trading history meets the threshold before the sale begins.
Q: How is the final exchange rate determined?
A: The OKB market price at 16:00 UTC on April 20, 2022, will set the conversion rate from OKB to ELT.
Q: Will there be a public whitelist or registration?
A: No separate registration is required. Eligibility is automatically assessed based on KYC status, trading volume, and OKB holdings.
Q: Are there any fees for participating?
A: There are no additional fees for pledging. However, standard network or withdrawal fees may apply when moving tokens after distribution.
Q: When can I trade ELT after the sale?
A: Trading availability depends on listing schedules. Check OKX announcements for when ELT will be listed on the spot market.
Why Participate in OKX Jumpstart Events?
OKX Jumpstart has become a trusted gateway for users seeking early access to high-potential blockchain projects. With transparent mechanics, robust infrastructure, and a focus on community fairness, it offers more than just token access—it provides education, empowerment, and long-term value.
👉 Join the next wave of blockchain innovation through trusted launchpad events.
By aligning incentives through the allotment coefficient model, OKX rewards loyal users who actively engage with the ecosystem. Holding OKB isn’t just about trading—it’s about unlocking opportunities.
Final Thoughts
The ELT (Element Black) token sale represents a strategic chance to get involved in a project focused on digital sovereignty and secure decentralized interactions. With clear rules, fair distribution mechanics, and performance-based allocation weighting, OKX ensures a level playing field for all eligible participants.
Prepare in advance: verify your account, check your trading volume, accumulate OKB, and monitor your allotment coefficient. When the pledging window opens, act swiftly—but thoughtfully.
With proper preparation and understanding of the system, you can maximize your participation and position yourself at the forefront of emerging blockchain innovations.
Keywords: OKX Jumpstart, ELT token sale, Element Black, OKB holding requirements, token sale guide, crypto launchpad, blockchain investment