The world of blockchain gaming and NFT innovation continues to evolve, and one project making waves is Element Black (ELT). Through OKX Jumpstart, users now have the opportunity to participate in the ELT token sale—a chance to get in early on a next-generation Social-Fi NFT gaming ecosystem.
This guide breaks down everything you need to know about the ELT token sale, including pledging rules, participation requirements, allotment mechanics, and key project insights—all optimized for clarity and search visibility.
What Is the ELT Token Sale on OKX Jumpstart?
The ELT (Element Black) token sale is hosted via OKX Jumpstart, a platform that enables users to support promising blockchain projects by pledging OKB in exchange for new tokens. This event allows early access to ELT, the native token of Element Black, which powers a cutting-edge Create-To-Earn NFT ecosystem.
👉 Discover how to maximize your participation in high-potential token sales like ELT.
Key Sale Details
Pledging Period
- Start Time: April 20, 2022, at 02:00 UTC
- End Time: April 20, 2022, at 10:00 UTC
Token Pricing & Supply
- Sale Price: 1 ELT = $0.007
- Total Session Supply: 40,000,000 ELT
- Over-pledging Limit: Not applicable
Exchange Mechanism
- Only OKB can be used for pledging.
- The final exchange ratio will be determined based on the OKB market price at 16:00 UTC on April 20, 2022, just before the sale begins.
How to Participate: Step-by-Step Guide
Step 1: Understand Your Allotment Coefficient
Your chance of receiving tokens depends on your allotment coefficient, which is influenced by your OKB holdings over a 3-day snapshot period (April 17–19, 2022). The higher your OKB balance—both minimum and average—the greater your coefficient.
| 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 |
✅ Important Rule: If your minimum and average holding correspond to different coefficients, the higher value applies.
Example Calculation:
User A holds:
- Day 1: 50 OKB
- Day 2: 2,000 OKB
- Day 3: 3,950 OKB
→ Minimum holding: 50 OKB → Coefficient = 16
→ Average holding: (50 + 2,000 + 3,950) / 3 = ~2,000 OKB → Coefficient = 20
→ Final Allotment Coefficient = 20
You can view your coefficient directly on the OKX Jumpstart page.
Step 2: Meet Participation Requirements
To qualify for the ELT token sale, users must meet two main criteria:
- KYC Level 2 Verification completed.
- Trading volume exceeding $5,000 within the last 30 days before the pledging period.
Additionally, participation is restricted in certain jurisdictions due to regulatory compliance. Users from the following regions are not eligible:
- China (Mainland and Hong Kong)
- United States (including all territories)
- Canada (Ontario and Quebec)
- Cuba, Iran, North Korea, Syria, Sudan, Crimea
- Malaysia, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Malta
Residents of Ontario, Canada cannot open new accounts or access services if they haven’t already.
Step 3: Pledge and Receive Tokens
During the pledging window:
- Users commit OKB based on desired ELT amount.
After the sale ends:
- ELT tokens are credited to the Funding Account.
- Equivalent OKB is deducted.
- Any unallocated pledged OKB is released back to the user.
👉 Learn how consistent OKB holding boosts your chances in future Jumpstart events.
How Are Tokens Allocated?
Allocation follows a fair distribution model based on individual pledge amounts and total demand.
The formula used is:
User’s Token Allocation = (User’s Pledge × User’s Allotment Coefficient) / Total Weighted Pledges × Total Session Supply
Let’s walk through a practical example.
Allocation Example: Users A, B, C, D
| User | Min OKB (3-day) | Avg OKB (3-day) | Allotment Coef. | Pledge Amount |
|---|---|---|---|---|
| A | 50 | 2,000 | 20 | 500 |
| B | 5 | 5 | 1 | 50 |
| C | 500 | 500 | 30 | 1,000 |
| D | 100 | 1,000 | 20 | 1,000 |
Assume session supply = 2,000 ELT
Total weighted pledge =
(500 × 20) + (50 × 1) + (1,000 × 30) + (1,000 × 20) =
10,000 + 50 + 30,000 + 20,000 = 60,050
Now calculate each user’s allocation:
- User A: (10,000 / 60,050) × 2,000 ≈ 333 ELT
- User B: (50 / 60,050) × 2,000 ≈ 2 ELT
- User C: (30,000 / 60,050) × 2,000 ≈ 999 ELT
- User D: (20,000 / 60,050) × 2,00 ≈ 666 ELT
This ensures proportional fairness while rewarding long-term OKB holders.
About Element Black (ELT)
Element Black isn’t just another NFT game—it's building a Social-Fi powered Create-To-Earn universe, bridging Web 2.5 celebrities with Web3 experiences.
Core Features:
- PUGC NFT Platform: Empowers users to create and monetize digital assets.
- Celebrity Collaborations: Partnerships with global icons like Akon, DJ Snake, James Gunn (Guardians of the Galaxy), and Sid Ganis (former Oscar president).
- Metaverse Integration: Enables social interactions with KOLs and fans through NFT-based engagement.
Tokenomics Snapshot
- Token Name: Element Black (ELT)
- Ticker: ELT
- Total Supply: 4, Note: The year "2