The long-awaited moment by the vast majority of our community has finally arrived. Check out this article to get the scoop on our vision and how our community sale is going to work. The wait is over, let’s dive into these exciting updates together.
Why we don’t want to be backed by VC’s and angel investors
We’d like to discuss a key aspect about our funding and development approach, reflecting our commitment to you, our community.
Unlike many startups, Elosys has chosen to self-fund the early phase rather than seek external investment from angel investors or venture capitalists. While this may result in a slower development pace, it’s a deliberate choice that ensures we maintain control over our vision and values.
This grants us autonomy over decision-making, allowing us to prioritize long-term success and innovation free from external financial pressures. Our dedication lies with you — the community. We operate under a model where every decision and feature development revolves around your benefit, with your feedback and support as our driving forces.
Transparency is paramount in building trust, and we pledge to keep you informed and engaged as we grow. Our focus on sustainable growth emphasizes stability and longevity, steering away from quick wins for a foundation that will support Elosys for years to come.
Elosys is more than a project; it’s a community-driven endeavor where every voice is heard. Together, we’re not just building a product but creating a family.
As we move forward, we’re excited about the journey ahead. With your ongoing support, there’s no limit to what we can achieve together.
Why we do a community sale for PoW
We’ve noticed a lot of curiosity around our decision to opt for a sale for Proof-of-Work, and we’re thrilled to share our perspective with you.
While the current market trend for PoWs leans towards fair launches, we’re taking a bold step by choosing a different route. We believe that innovation often comes from challenging the status quo, and our unique approach reflects our commitment to delivering something different.
Instead of conforming to existing norms, we want to shape our project in a way that aligns with our vision and goals. This means charting our course, leveraging our expertise, and creating a blockchain that stands out from the crowd.
The decision to go for a community sale is rooted in our vision for widespread accessibility, community involvement, and inclusivity. We want everyone to have an equal opportunity to be part of this journey and contribute to the success of Elosys.
Elosys sale isn’t just about raising funds; it’s about building a community that shares our passion and vision.
Elosys Community Sale
There will be two community sales which will be held on our platform. We want to address our community to explain the rationale behind conducting two rounds of sales for our wrapped token offering.
This two-tiered approach ensures that both our loyal early supporters and new potential members of our community have their respective opportunities to participate in the Elosys project. It’s a balance between honoring the trust of those who have been with us since the beginning and embracing new members who will contribute to the future growth and success of Elosys.
Community Sale Lock and Vesting
We want to shed light on a crucial aspect of our tokenomics — the decision to not lock or vest community sale tokens. Our approach is rooted in a fundamental belief: your financial decisions should be entirely yours, and we have no intention of exerting control over your funds.
“Your money, your control” encapsulates our philosophy. By unlocking all tokens from the start, we empower you to make decisions that align with your individual financial strategies. We believe in providing you the freedom to trade, hold, or engage with the tokens as you see fit.
This decision also contributes to the overall benefit of the project.
Unlocking all tokens at launch naturally boosts the circulation supply. This increased liquidity enhances the accessibility and trading dynamics of our token within the broader market.
A broader circulation supply can stimulate interest and participation in the project, fostering growth and engagement.
Community Sale Round 1
Firstly, our initial round is specifically designed and targeted towards the organic community that has formed around Elosys, particularly those interested in the PoW domain and our project itself. An important detail here is our desire to reward our early supporters, those who placed their trust in us from the beginning. This round is a gesture of appreciation and an opportunity for them to participate before we open up to a broader audience.
The allocation for this first sale round is 9.5M ELO wrapped tokens, with a hard cap of 30 Ethereum and a price per ELO of 0.00000316 ETH ($0.007195 — price at the time of writing the article). This pricing and allocation are deliberately structured to benefit our early adopters, acknowledging their early faith in our vision.
How To Get The Whitelisted
Prioritizing our community and early adopters.
We’re excited to announce the availability of 100 whitelists for our top 100 Zealy Sprint participants. The rules are straightforward, and the requirements are simpler than ever — ensure you secure a spot in the top 100 by completing quests.
IMPORTANT: To be eligible for the whitelist, it’s required to complete the “Whitelist Address 💳” Sprint quest on Zealy. If you find yourself in the top 100 but haven’t completed this quest, you won’t qualify for the whitelist.
In the event that we don’t reach the hard cap with the initial 100 whitelisted members, we will be distributing additional whitelist tickets to active Discord and Telegram members.
Community Sale Round 2
Moving to our second round, this is where we expand our reach to the general public. It is likely to be accompanied by a more aggressive marketing campaign to maximize visibility and participation. This round is in line with our ethos of adopting a different approach, expanding our community, and giving a wider audience a chance to be part of Elosys. For this round, we have allocated 13.6 M ELO wrapped tokens, with a hard cap of 50 Ethereum. The price per token for this round will be 0.00000368 ETH ($0.008379 — price at the time of writing the article).
Conclusion
In conclusion, the distinct structuring of these sales rounds reflects our commitment to both our early supporters and the broader community. We believe this strategy will foster a robust, diverse, and engaged community around Elosys, ultimately contributing to the long-term success and sustainability of our project.
Please stay tuned to our socials to stay up to date:
- With ❤️ Elosys Team
