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#GateOpinionQuest
$ELX is the future native utility and governance token of the Elixir ecosystem, powering consensus and allowing for holders to direct the future of the network.
With the eventual launch of mainnet, Elixir will fully decentralize. While this includes a fully decentralized network, it also includes community-led governance run by the ELX holders.
The overarching goal will be to 1. create effective governance mechanisms, 2. utilize ELX as a cryptoeconomic security incentive, and 3. ensure that the network's decentralized and permissionless state is maintained
ELX token is also the sole governance token within the ecosystem, granting holders and network participants the ability to propose and vote on proposals shaping future growth of the network.
ELX holders will have full governance rights, as well as control on the direction of any fees the network generates. Governance participants will have the autonomy to choose what these fees are and where any value captured gets directed.
$ELX spot trading link: https://www.gate.io/trade/ELX_USDT
$ELX Launchpool event, stake $BTC, $ELX to grab 153,750 $ELX rewards: https://www.gate.io/launchpool/ELX?pid=234
Click the link to check event announcement: https://www.gate.io/announcements/article/43767
#GateOpinionQuest #ELX