Analysis of the $ELX Project: Elluminex & Elixir Crypto Network

The $ELX token is associated with multiple blockchain projects, primarily Elluminex and the Elixir Crypto Network, both of which serve different purposes in the decentralized finance (DeFi) ecosystem.
‍ #Gate观点任务# and #ELX#
Elluminex is a DeFi hub built on the TON Blockchain, offering a range of financial services, including a decentralized exchange (DEX) for cross-chain trading, staking options, an asset bridge, and an OTC pre-market for TON tokens. The platform also features an AI-powered portfolio tracker and a DeFi academy for educational purposes. The $ELX token is the native utility token, used for governance, staking, transaction fees, and farming. The total supply of $ELX is 350,000,000 tokens, with 50% allocated to presale, 20% for the ecosystem, and the rest distributed across marketing, liquidity, the development team, and a buyback reserve.
On the other hand, the Elixir Crypto Network is a modular Delegated Proof-of-Stake (DPoS) Layer 1 blockchain designed to provide liquidity to decentralized order book exchanges. Users can deposit funds into the network to earn annual percentage returns (APR), and in turn, the protocol supplies liquidity to DEXs in exchange for a fee. The $ELX token plays a key role in governance and staking within this ecosystem. The token distribution includes 41% for the community (with portions allocated for airdrops and liquidity incentives), 22% for the DAO foundation, 15% for investors, and 19% for core contributors. The project has attracted over $17.4 million in investment from industry figures such as Arthur Hayes, Amber Group, and Maelstrom, and is secured by more than 30,000 global validators. A recent development in the network is the introduction of $deUSD, a synthetic dollar expected to be widely adopted in Elixir-powered order book exchanges.
In conclusion, while both projects share the $ELX token, their objectives differ significantly. Elluminex aims to create a comprehensive DeFi hub within the TON blockchain, while the Elixir Crypto Network focuses on liquidity solutions for order book exchanges. Investors and users interested in $ELX should carefully evaluate which project aligns with their needs, whether it's DeFi services or blockchain-based liquidity provisioning.