Elixir, a PC blockchain game distribution platform, has launched a staking program for holders of its ELIX token, offering up to 22% of stake profits.
Users will need a minimum of 5,000 ELIX (approximately $100) to participate in the staking program, which offers returns ranging from 5% APY for staking tokens for 30 days to 22% APY for locking them up for 360 days.
As part of the initiative, the Elixir team will burn 1% of ELIX’s total supply, valued at $260,000, sourced from the team’s token allocation.
Elixir CEO Carlos Roldan expressed excitement about the launch, stating that the staking feature simplifies community participation and empowers users to monitor their progress easily.