Overview
Last updated
Last updated
Element 280 is an NFT collection and token aimed to be a one stop shop for Titanx users. Not sure which projects to participate in? Don't have time to read every single whitepaper? Press the easy button! By holding the ELMNT/E280 token or NFT, it is like owning a piece of every project in the ecosystem.
ELMNT is an erc20 token bonded with all of the Titanx ecosystem tokens through LP's. ELMNT/DRAGONX, ELMNT/HLX, ELMNT/HYPER, etc. By being bonded with all of the ecosystem, the market value of ELMT is a leverage play of all ecosystem tokens combined (including TITANX itself).
E280 is an erc20 token that is omni-chain capable with Layer Zero technology. It is mintable 1 for 1 with ELMNT and therefore capped at the ELMNT supply. This is to expand the token to all chains that X28 goes to for an expanded liquidity web.
The NFT collection is backed by ELMNT tokens, and can be burned at any time to redeem ELMNT. So, as the value of ELMNT rises, the value of the NFT will rise as well. The tokens stay with the NFT when sold on the market.
The NFT collection has expanded to other chains following X28. New NFTs are mintable 1 for 1 with ELMNT NFTs on Ethereum, and therefore capped at the ELMNT NFT supply.
By simply holding the NFT in your wallet, you are eligible to claim Element 280 tokens from the Rewards Pool. There is no lockup or staking required. Rewards follow the NFT, so if it is sold on the market, the new user will be able to claim any unclaimed rewards that have accrued.
