Tokenomics refers to the economic system and mechanics behind a cryptocurrency or blockchain token. It encompasses the various ways in which a token is distributed, used, and valued within a blockchain ecosystem. Tokenomics plays a crucial role in defining the token's utility, value proposition, and its overall function within the network.
There are a total of 50,000,000,000 ELV tokens with a halving that occurs each year. When distribution begins it will follow the schedule below:
- Year 1: 25,000,000,000 tokens (50% distributed)
- Year 2: 12,500,000,000 tokens (75% distributed)
- Year 3: 6,250,000,000 tokens (87% distributed)
- Year 4: 3,125,000,000 tokens (93% distributed)
- Year 5: 1,562,500,000 tokens (96% distributed)
- And so on until all tokens are distributed
Tokens are distributed every day throughout the year to those who operate Elevate nodes. The distribution of tokens will be determined based on the total number of action points earned from participating in the specified activities.
Elevate Rewards Standard Disclaimer
Elevate Services does not sell tokens or digital rewards. The Elevate Blockchain, which is governed by
Elevate Node Owners, self-govern the distribution of Elevate Digital Rewards. Elevate Digital Rewards are
earned in exchange for work and action on the Elevate Network. Elevate Digital Rewards are designed to have
utility throughout the Elevate Ecosystem for the purchase of Elevate’s products and services. The Elevate
Digital Reward is not an investment product and may never have any value outside of the Elevate Ecosystem.
Elevate Node Owners should not expect to recognize any value from the Elevate Digital Reward other than its
utility within the Elevate Ecosystem. Elevate Services does not anticipate correlation between the Elevate
Digital Reward value and Elevate Services business activities.