$ERX_NFT LGE Updates

ERX
2 min readJan 6, 2021

We have previously wrote about ERX LGE on Sonce. More here — https://erxofficial.medium.com/the-erx-nft-lge-on-sonce-platform-8e9b7b17a2a

Updates for ERX IEO allocation on ChainX (ENDED)

  • 1 ETH entitles you with 1000 ERX (due to the increase in the price for ETH)
  • ERX to be distributed to ChainX right after initial liquidity is pledged on Uniswap (to prevent front-running)
  • There are 22 ETH refunded and total ETH raised on ChainX is 34 ETH.

Updates for ERX_NFT LGE on Sonce

  • 1 ETH entitles you with 1 ERX_NFT which you are able to claim 850 ERX (due to the increase in the price for ETH)
  • ERX will be airdropped to you ETH address right after initial liquidity is pledged on Uniswap (to prevent front-running)
  • There will be only 116 ERX_NFT (1 ETH each) for sales on Sonce.

ERX_NFT Sales

  • ERX_NFT is minted on sonce.rivex.io

LGE on Uniswap

  • 75% of Ethers will be locked for liquidity purposes on Uniswap for 12 months upon Uniswap listing
  • 25% Ethers will be used for smart contract audit and marketing initiatives
  • Hardcap = 150 ETH
  • There are NO negative rebases
  • Positive rebases will go to all ERX holders in the initial stage
  • ERX can be use to govern ERX protocol
  • SPRINTv1 (ERX liquidity mining program) will begin upon Uniswap listing
  • Listing price on Uniswap will be determined upon adding liquidity (due to ETH fluctuation). It will be targeted to $1.20 to $1.50.
  • ERX will be listed on Uniswap on 20th January 2020. Time of listing will be updated a day before listing.
  • ERX tokens will be distributed to the users on 19th January 2020 before Uniswap listing on 20th January 2020.

🧲 MORE ABOUT ERX 🧲

Twitter — https://twitter.com/ElasticRX?s=20

Telegram — https://t.me/erxofficial

Medium — https://erxofficial.medium.com/

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