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Elektrik (ELTK)

Elektrik is the first DEX launching on LightLink that focuses on providing users with sophisticated trading instruments and dynamic liquidity provision features. Elektrik is seeking to capture the pro-trader market with efficient transaction speed and low-to-no gas fees.

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Overview

Project industryExchanges & Wallets
Product typeDeFi
WhitepaperElektrik White Paper Open
OnepagerElektrik Onepager Open

What is Elektrik

Elektrik is a cutting-edge decentralized exchange (DEX) protocol integrated with the Lightlink Network. It enables direct peer-to-peer trading without the need for intermediaries or centralized market makers. It stands out with its abstracted AMM that introduces advanced trading features such as iceberg orders, limit orders, stop losses, and conditional orders, empowering traders with greater control and flexibility in their strategies.

By implementing gasless rebalancing smart contracts, Elektrik optimizes capital efficiency, reduces impermanent loss risks and boosts liquidity provider returns. Leveraging LightLink's fast and cost-effective transactions, Elektrik facilitates high-volume and high-frequency trading without the burden of excessive transaction fees.

Details

Token supply: 100,000,000 ELTK

Legal

Registration year: 2023

Token info

Ticker: ELTK
Type: Utility-token
Token distribution:
Seed 1 - 4.17%
Seed 2 - 9.38%
Team - 20%
Advisors - 3%
Growth fund - 3%
Treasury - 15%
Incentives - 15%
Ecosystem Funds - 30.46%

Elektrik Roadmap

1
Q3 2023
  • Launch Elektrik V1 testnet and mainnet
  • Partner with LightLink enterprises to assist launch liquidity pools
  • Start phase 1 of ELTK airdrop
2
Q4 2023
  • Undergo audit for Elektrik V2 smart contracts
  • Elektrik NFT collection goes love
  • Launch Elektrik V2 testnet
3
Q1 2024
  • Launch Elektrik V2 mainnet
  • Work with LightLink foundation and enterprises for pool bribery purposes
  • Start phase 2 of ELTK airdrop
4
Q2 2024
  • Upgrade mobile version to include additional trading features
  • Optimize and offer more dynamic liquidity provision opportunities for LPs
  • Start phase 3 of ELTK airdrop
5
Q3 2024
  • Go multi-chain with a launch on another layer 2 network
  • Integrate cross-network, purpose-driven bridges to prevent liquidity fragmentation
  • End phase 3 of ELTK airdrop

Social media

Elektrik web-siteElektrik MediumElektrik TelegramElektrik X (Twitter)Elektrik Discord

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