The TON blockchain, despite being one of the fastest-growing networks with over 950 million active users, has struggled with limited decentralized finance (DeFi) solutions. Elluminex (ELX) is positioning itself to change this landscape by developing a robust DeFi ecosystem that promises to expand TON's capabilities.
The project's pre-sale, currently underway, offers tokens at an initial price of $0.06, with over 5.4 million tokens already sold and more than $325,429 raised. As the pre-sale progresses, the token price is expected to increase to $0.08, reflecting a structured tokenomics approach.
ELX distinguishes itself by providing a comprehensive platform that includes multi-chain trading, low-slippage liquidity, staking, farming, and an innovative AI-powered portfolio tracker. This approach aims to address the current fragmentation in TON's DeFi ecosystem and provide users with streamlined, user-friendly financial tools.
A key feature of the ELX model is its deflationary mechanism, where 50% of collected fees will be burned. With a limited supply of 350 million tokens, this strategy is designed to potentially increase token scarcity and value over time.
The project draws inspiration from successful blockchain transformation models, such as Stacks and Rootstock, which expanded Bitcoin's utility beyond a mere store of value. By introducing sophisticated DeFi infrastructure, ELX seeks to similarly elevate the TON blockchain's potential and attract more developers and users to its ecosystem.
Pre-sale participants can expect additional benefits, including governance rights, participation in decision-making processes, and early access to premium platform features. The project's AI-powered market insights represent a particularly innovative approach to supporting user investment strategies.
