Announcements Elixir (ELX): Gate.io Announcement on Confirming ELX POINTS and ELX Tokens Conversion Ratio in Pre-Market OTC Trading

Elixir (ELX): Gate.io Announcement on Confirming ELX POINTS and ELX Tokens Conversion Ratio in Pre-Market OTC Trading

2025-03-06 09:18:19 UTC 3204 Read

ELX/USDT -7.82%

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**Note: The Elixir (ELIXIR) Point and Elixir (ELIXIR) Token Trading Symbol and Ticker have been rebranded to Elixir (ELX) on Gate.io. After Pre-Market OTC Trading is completed, ELX will be Elixir’s Point and Token Trading Symbol on Gate.io. Please pay attention to the trading symbol, and ticker changes.**

**Due to the total token supply disclosed by the Elixir (ELX) Project, Pre-Market OTC trades will undergo a proportional conversion process. Details are as follows:**
-Elixir (ELX) Point Total Supply: 1,000,000,000
-Elixir (ELX) Token Total Supply: 1,000,000,000
-Conversion Ratio: Elixir (ELX) Token/ Elixir (ELX) POINTS= 1/1

**What is a Pre-Market OTC Trading Points Order?**
1. Pre-Market OTC Points Orders follow the principle of maintaining total market cap equivalence
ELX POINTS has a projected issuance of 1,000,000,000, serving as the token credential for Pre-Market OTC trades of ELX. The Total Supply of ELX Token is locked at 1,000,000,000, establishing a conversion ratio of 1:1.
2. All completed ELX POINTS Pre-Market OTC trades will be converted to ELX Tokens at the specified ratio. The total order settlement amount will remain consistent.
Example:
User A purchases 500 ELX POINTS for 0.1 USDT per point. The total order amount is 50 USDT, with a deposit guarantee of 50 USDT.
After the conversion at the ratio of 1:1, the total settlement amount remains 50 USDT. And the token quantity also remains 500 ELX Tokens.
Users can check their Post-Conversion token quantity in the history of Pre-Market OTC transactions for ELX POINTS.

|User A   |Settlement Price   | Points Quantity Traded  |Total Settlement Amount   |Deposit Guarantee   |
| ------------ | ------------ | ------------ | ------------ | ------------ |
|ELX Points   |0.1 USDT   |500   |50 USDT   |50 USDT   |
|ELX Token   |0.1 USDT   |500   |50 USDT   |50 USDT   |
|Changes   |ELX POINTS price ✖️1   |ELX POINTS quantity ➗ 1   |No change   |No change   |

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Gate.io Team
March 6, 2025

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Elixir (ELX): Gate.io Announcement on Confirming ELX POINTS and ELX Tokens Conversion Ratio in Pre-Market OTC Trading

Elixir (ELX): Gate.io Announcement on Confirming ELX POINTS and ELX Tokens Conversion Ratio in Pre-Market OTC Trading

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