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What Is Elk Finance (ELK)?
Elk.Finance is a decentralized network for cross-chain liquidity, enabling secure and trustless value transfer across chains such as Ethereum, Binance Smart Chain, Matic, and Avalanche. With Elk, users can seamlessly swap tokens across chains with sub-second speed, providing flexibility and accessibility.
ELK serves as the native utility token within the Elk ecosystem and is used for:
- Transferring value across chains
- Payment of exchange fees
- Governance votes to determine network resource allocation
How Many ELK Tokens Are There in Circulation?
The Elk Finance Protocol launched on Avalanche on March 19, 2021, and on its second chain on April 10, 2021. Additional chains and a full mainnet version are planned for Q2 and Q4 of 2021, respectively. The maximum supply of ELK tokens is 42,424,242. Over a period of four years, 10 million tokens will be distributed through yield farming. Another 10 million tokens are allocated to the Elk insurance fund, providing protection against impermanent loss. The remaining tokens are allocated to a community fund (20 million), the team (2 million), and airdrops.
Where Can I Buy Elk Finance (ELK)?
ELK can be traded on decentralized exchanges, with various cryptocurrency and stablecoin pairs available for trading.
As of May 2021, ElkDex offers the largest number of pairs and the deepest liquidity. Pangolin Exchange and Quickswap also provide some pairs and liquidity on their respective chains.
Answers
What Is Elk Finance (ELK)?
Elk.Finance is a decentralized network for cross-chain liquidity, enabling trustless and secure value transfer across chains such as Ethereum, Binance Smart Chain, Matic, and Avalanche. Elk users can seamlessly swap tokens across chains with sub-second speed. Any chain, anytime, anywhere!
ELK is the native utility token used for:
- Value transfer across chains.
- Payment of exchange fees.
- Governance votes to determine how network resources are allocated.
How Many ELK Tokens Are There in Circulation?
Elk Finance Protocol launched on its first chain (Avalanche) on March 19, 2021, and its second chain on April 10, 2021. The first version of the mainnet and additional chains will launch in Q2, 2021. The full mainnet is expected in Q4, 2021. The maximum supply of ELK is 42,424,242 tokens. 10 million tokens will be distributed through yield farming over 4 years. Another 10 million tokens are allocated to the Elk insurance fund (providing protection against impermanent loss), while the remaining tokens are allocated to a community fund (20 million), the team (2 million), and airdrops.
Where Can I Buy Elk Finance (ELK)?
ELK is currently available for trading on decentralized exchanges, with cryptocurrency and stablecoin pairs. As of May 2021, ElkDex offers the largest number of pairs and the deepest liquidity. Pangolin Exchange and Quickswap also offer some pairs and liquidity on their respective chains.
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Popular Q&A
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