ELYS: The All-In-One Token
Last updated
Last updated
Elys Network introduces several features that continuously fuel the value of the ELYS token.
Each transaction, whether it's a spot trade, perpetual trading, or other platform activity, directly benefits ELYS token holders, especially those who stake their tokens.
Spot Trading Fees
When users engage in spot trading on the Elys platform, they generate fees. A portion of these fees is allocated to ELYS token stakers, ensuring that those who contribute to securing the network earn a share of the trading activity.
Perpetual Trading Fees
Like spot trading, the fees generated from perpetual trades are distributed to ELYS stakers, providing an additional stream of rewards. This feature caters to more advanced traders while benefiting the wider community of ELYS holders.
Transaction Fees
Every time a user interacts with the platform, whether it's swapping tokens or performing other actions, transaction fees are generated. These fees flow back into the ecosystem, benefiting liquidity providers and stakers alike. This creates a steady and predictable income stream for long-term holders of the ELYS token.
EDEN Incentive
The EDEN incentive program is a feature that boosts rewards for users participating in staking and contributing both to securing the network and to the decision-making processes within the Elys ecosystem. By staking ELYS tokens, users gain governance rights and can participate in votes on network upgrades and future developments. As a result, their active engagement is rewarded with additional incentives.
EDEN Boost
The EDEN Boost enhances returns for those who hold and stake ELYS & EDEN tokens long term. By leveraging this feature, users can maximize their staking rewards, ensuring that they are getting the most value out of their contributions. The longer you keep your tokens staked, the more EDEN-Boost you'll earn.
The ELYS token plays a crucial role within the Elys Network ecosystem, offering several utilities that create value for its holders. Here’s what makes the ELYS token indispensable:
Staking: By staking ELYS tokens, holders contribute to the security of the network and receive staking rewards in return. Stakers also gain access to additional rewards, including a share of the transaction fees generated by the platform.
Governance: ELYS token holders can participate in the governance of the network by voting on important decisions, such as upgrades, community proposals, and the future direction of the ecosystem. The EDEN incentive program encourages this participation by rewarding active governance participants.
Liquidity Provision: Holders of ELYS tokens can provide liquidity to the platform’s pools, earning rewards through Liquidity Mining. Elys Network offers additional incentives for liquidity providers who actively manage and rebalance the pools, ensuring efficient market conditions.
Revenue Sharing: One of the unique aspects of the ELYS token is its revenue-sharing model. By participating in the ecosystem—whether through staking, liquidity provision, or trading—ELYS holders are rewarded with a share of the platform’s transaction fees.
Transaction fees: ELYS token can be used as transaction fees on the Elys Network Layer 1.
The ELYS token is more than just a governance or staking token—it is a powerful asset that offers multiple streams of rewards, generates value from every corner of the Elys Network, and plays a key role in the platform's long-term sustainability.
